Segment Information (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Revenue and Net Operating Income, by Segment

The following table presents accrual-based lease revenue and other property related income included in NOI by geographic reportable segment (in thousands):


	Years Ended December 31,
	2023		2022		2021
Atlanta	$	161,310	$	131,230	$	98,330
Dallas	111,592		109,298		110,729
Orlando	61,688		58,203		54,603
Northern Virginia/Washington, D.C.	60,324		63,534		60,329
Minneapolis	63,713		61,530		61,563
New York	54,040		56,189		52,454
Boston	42,847		59,212		65,445
Total reportable segments	555,514		539,196		503,453
Other	22,242		24,570		25,257
Total Revenues	$	577,756	$	563,766	$	528,710

The following table presents NOI by geographic reportable segments (in thousands):


	Years Ended December 31,
	2023		2022		2021
Atlanta	$	103,475	$	82,878	$	62,772
Dallas	64,566		62,444		66,155
Orlando	36,639		35,327		33,449
Northern Virginia/Washington, D.C.	36,334		39,994		36,914
Minneapolis	33,302		31,886		32,538
New York	29,357		31,252		30,049
Boston	25,703		39,101		45,587
Total reportable segments	329,376		322,882		307,464
Other	12,969		14,685		10,163
Total NOI	$	342,345	$	337,567	$	317,627

A reconciliation of Net income/(loss) applicable to Piedmont to NOI is presented below (in thousands):


	Years Ended December 31,
	2023		2022		2021
Net income/(loss) applicable to Piedmont	$	(48,387)	$	146,830	$	(1,153)
Management fee revenue (1)	(1,004)		(1,004)		(1,269)



Depreciation and amortization	236,214		224,553		206,608
Impairment charges	29,446		25,981		41,000


General and administrative expenses	29,190		29,127		30,252
Interest expense	101,258		65,656		51,292
Other income	(3,256)		(1,847)		(9,089)
Loss on early extinguishment of debt	820		—		—
Gain on sale of real estate assets	(1,946)		(151,729)		—
Net loss applicable to noncontrolling interests	10		—		(14)
NOI	$	342,345	$	337,567	$	317,627

(1)Presented net of related operating expenses incurred to earn such management fee revenue. Such operating expenses are a component of property operating costs in the accompanying consolidated statements of operations.