CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Real estate assets, at cost:
Land	$ 567,244	$ 567,244
Buildings and improvements, less accumulated depreciation of $1,046,512 and $915,010 as of December 31, 2023 and December 31, 2022, respectively	2,776,729	2,766,990
Intangible lease assets, less accumulated amortization of $88,066 and $90,694 as of December 31, 2023 and December 31, 2022, respectively	82,588	114,380
Construction in progress	85,966	52,010
Total real estate assets	3,512,527	3,500,624
Cash and cash equivalents	825	16,536
Tenant receivables, net of allowance for doubtful accounts of $0 and $1,000 as of December 31, 2023 and December 31, 2022, respectively	7,915	4,762
Straight-line rent receivables	183,839	172,019
Restricted cash and escrows	3,381	3,064
Prepaid expenses and other assets	28,466	17,152
Goodwill	53,491	82,937
Interest rate swaps	3,032	4,183
Deferred lease costs, less accumulated amortization of $223,913 and $221,731 as of December 31, 2023 and December 31, 2022, respectively	263,606	284,248
Total assets	4,057,082	4,085,525
Liabilities:
Unsecured debt, net of discount and unamortized debt issuance costs of $15,437 and $13,319 as of December 31, 2023 and December 31, 2022, respectively	1,858,717	1,786,681
Secured debt	195,879	197,000
Accounts payable, accrued expenses, and accrued capital expenditures	131,516	110,306
Dividends payable	15,143	25,357
Deferred income	89,930	59,977
Intangible lease liabilities, less accumulated amortization of $35,811 and $36,423 as of December 31, 2023 and December 31, 2022, respectively	42,925	56,949
Total liabilities	2,334,110	2,236,270
Commitments and Contingencies (Note 7)	0	0
Stockholders’ Equity:
Shares-in-trust, 150,000,000 shares authorized, none outstanding as of December 31, 2023 or December 31, 2022	0	0
Preferred stock, no par value, 100,000,000 shares authorized, none outstanding as of December 31, 2023 or December 31, 2022	0	0
Common stock, $0.01 par value; 750,000,000 shares authorized, 123,715,298 shares issued and outstanding as of December 31, 2023; and 123,439,558 shares issued and outstanding at December 31, 2022	1,237	1,234
Additional paid-in capital	3,716,742	3,711,005
Cumulative distributions in excess of earnings	(1,987,147)	(1,855,893)
Accumulated other comprehensive loss	(9,418)	(8,679)
Piedmont stockholders’ equity	1,721,414	1,847,667
Noncontrolling interest	1,558	1,588
Total stockholders’ equity	1,722,972	1,849,255
Total liabilities and stockholders’ equity	$ 4,057,082	$ 4,085,525