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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Rental and tenant reimbursement revenue $ 141,534 $ 139,572 $ 415,866 $ 403,635
Total revenues 146,986 144,100 432,425 416,558
Expenses:        
Property operating costs 59,847 59,039 176,006 166,295
Depreciation 38,150 34,941 110,422 98,828
Amortization 20,160 23,290 63,524 67,022
Goodwill impairment charge 10,957 0 10,957 0
General and administrative 7,043 6,590 22,013 21,212
Expenses 136,157 123,860 382,922 353,357
Other income (expense):        
Interest expense (27,361) (17,244) (72,827) (44,917)
Other income 351 335 3,794 2,302
Loss on early extinguishment of debt (820) 0 (820) 0
Gain on sale of real estate assets 0 0 0 50,674
Other income (expense): (27,830) (16,909) (69,853) 8,059
Net income/(loss) (17,001) 3,331 (20,350) 71,260
Net loss/(income) applicable to noncontrolling interest (1) 0 (7) 1
Net income/(loss) applicable to Piedmont $ (17,002) $ 3,331 $ (20,357) $ 71,261
Per share information – basic and diluted:        
Net income/(loss) applicable to common stockholders - basic (in dollars per share) $ (0.14) $ 0.03 $ (0.16) $ 0.58
Net income/(loss) applicable to common stockholders - diluted (in dollars per share) $ (0.14) $ 0.03 $ (0.16) $ 0.58
Weighted-average common shares outstanding – basic (in shares) 123,696,475 123,395,381 123,639,797 123,329,626
Weighted-average common shares outstanding – diluted (in shares) 123,696,475 123,697,455 123,639,797 123,630,501
Property management fee revenue        
Revenues:        
Property management fee revenue and other property related income $ 396 $ 303 $ 1,340 $ 1,280
Other property related income        
Revenues:        
Property management fee revenue and other property related income $ 5,056 $ 4,225 $ 15,219 $ 11,643