Reportable Segments (Tables)

3 Months Ended

Mar. 31, 2021

Reconciliation of Revenue from Segments to Consolidated

Segment net income, amount of capital expenditures, and total assets are not presented in the following tables because management does not utilize these measures when analyzing its segments or when making resource allocation decisions. Information on the Company's segments along with a reconciliation of NOI to net income for years ended three months ended March 31, 2021 and 2020 are as follows (in thousands):


Three Months Ended March 31, 2021	Office		Mixed-Use		Total
Revenues:
Atlanta	$	64,792	$	359	$	65,151
Austin	58,033		—		58,033
Charlotte	21,727		—		21,727
Dallas	4,484		—		4,484
Phoenix	12,738		—		12,738
Tampa	14,571		—		14,571
Other	14,095		1,245		15,340
Total segment revenues	190,440		1,604		192,044
Less: Company's share of rental property revenues from unconsolidated joint ventures	(5,633)		(1,604)		(7,237)
Total rental property revenues	$	184,807	$	—	$	184,807


Three Months Ended March 31, 2020	Office		Mixed-Use		Total
Revenues:
Atlanta	$	65,877	$	35	$	65,912
Austin	48,747		—		48,747
Charlotte	34,537		—		34,537
Dallas	4,471		—		4,471
Phoenix	13,159		—		13,159
Tampa	14,112		—		14,112
Other	16,494		1,262		17,756
Total segment revenues	197,397		1,297		198,694
Less: Company's share of rental property revenues from unconsolidated joint ventures	(8,268)		(1,297)		(9,565)
Total rental property revenues	$	189,129	$	—	$	189,129

Reconciliation of NOI to Net Income Available to Common Stockholders

NOI by reportable segment for the three months ended March 31, 2021 and 2020 are as follows (in thousands):


Three Months Ended March 31, 2021	Office		Mixed-Use		Total
Net Operating Income:
Atlanta	$	43,045	$	151	$	43,196
Austin	34,278		—		34,278
Charlotte	15,257		—		15,257
Dallas	3,551		—		3,551
Phoenix	9,025		—		9,025
Tampa	9,402		—		9,402
Other	7,541		874		8,415
Total Net Operating Income	$	122,099	$	1,025	$	123,124


Three Months Ended March 31, 2020	Office		Mixed-Use		Total
Net Operating Income:
Atlanta	$	44,855	$	(60)	$	44,795
Austin	29,294		—		29,294
Charlotte	22,113		—		22,113
Dallas	3,639		—		3,639
Phoenix	9,793		—		9,793
Tampa	8,144		—		8,144
Other	9,128		876		10,004
Total Net Operating Income	$	126,966	$	816	$	127,782

The following reconciles Net Operating Income to net income for each of the periods presented (in thousands):


	Three Months Ended March 31,
	2021		2020
Net Operating Income	$	123,124	$	127,782
Net operating income from unconsolidated joint ventures	(4,754)		(6,035)
Fee income	4,529		4,732
Termination fee income	42		2,844
Other income	214		37
Reimbursed expenses	(368)		(521)
General and administrative expenses	(6,733)		(5,652)
Interest expense	(17,208)		(15,904)
Depreciation and amortization	(70,870)		(71,614)
Transaction costs	—		(365)
Other expenses	(590)		(566)
Income from unconsolidated joint ventures	1,903		3,425
Gain on sales of investments in unconsolidated joint ventures	39		46,230
Gain (loss) on investment property transactions	(17)		90,916

Net income	$	29,311	$	175,309