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Segment Information
9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Segment Information
Segment Information
 
The following tables summarize the rental and other revenues and net operating income, the primary industry property-level performance metric used by our chief operating decision maker and which is defined as rental and other revenues less rental property and other expenses, for each of our reportable segments.
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2019
 
2018
 
2019
 
2018
Rental and Other Revenues:
 
 
 
 
 
 
 
Office:
 
 
 
 
 
 
 
Atlanta
$
39,120

 
$
35,375

 
$
113,115

 
$
105,635

Greensboro
5,524

 
5,349

 
16,611

 
16,753

Memphis
9,967

 
10,121

 
29,669

 
30,228

Nashville
34,748

 
29,927

 
99,256

 
91,319

Orlando
12,854

 
13,352

 
39,781

 
40,103

Pittsburgh
15,154

 
14,982

 
45,463

 
45,587

Raleigh
30,688

 
30,432

 
90,458

 
89,518

Richmond
12,576

 
11,262

 
37,203

 
33,204

Tampa
23,563

 
25,460

 
62,631

 
76,726

Total Office Segment
184,194

 
176,260

 
534,187

 
529,073

Other
3,281

 
3,157

 
9,721

 
9,574

Total Rental and Other Revenues
$
187,475

 
$
179,417

 
$
543,908

 
$
538,647


Net Operating Income:
 
 
 
 
 
 
 
Office:
 
 
 
 
 
 
 
Atlanta
$
24,372

 
$
21,443

 
$
72,614

 
$
65,721

Greensboro
3,500

 
3,372

 
10,715

 
10,817

Memphis
6,104

 
6,471

 
18,336

 
19,289

Nashville
25,191

 
21,896

 
71,717

 
66,306

Orlando
7,889

 
8,195

 
24,452

 
24,551

Pittsburgh
9,150

 
8,969

 
27,179

 
27,189

Raleigh
22,066

 
22,018

 
65,363

 
65,384

Richmond
8,337

 
7,376

 
25,499

 
22,616

Tampa
14,339

 
16,188

 
35,715

 
49,448

Total Office Segment
120,948

 
115,928

 
351,590

 
351,321

Other
2,392

 
2,336

 
7,074

 
7,078

Total Net Operating Income
123,340

 
118,264

 
358,664

 
358,399

Reconciliation to net income:
 
 
 
 
 
 
 
Depreciation and amortization
(60,850
)
 
(57,661
)
 
(189,514
)
 
(171,923
)
Impairments of real estate assets
(5,318
)
 

 
(5,849
)
 

General and administrative expenses
(11,717
)
 
(9,551
)
 
(33,658
)
 
(30,869
)
Interest expense
(20,527
)
 
(17,437
)
 
(59,622
)
 
(53,705
)
Other income/(loss)
174

 
818

 
(3,271
)
 
1,735

Gains on disposition of property
3,515

 
3

 
10,218

 
16,975

Equity in earnings of unconsolidated affiliates
940

 
573

 
2,369

 
1,641

Net income
$
29,557

 
$
35,009

 
$
79,337

 
$
122,253