Segment Information

6 Months Ended

Jun. 30, 2021

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 June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Rental and Other Revenues:
Office:
Atlanta	$	35,738	$	36,537	$	71,713	$	74,496
Charlotte	8,917		9,010		18,051		17,943
Nashville	35,578		34,622		70,737		69,119
Orlando	12,730		12,304		25,289		25,326
Pittsburgh	13,949		14,676		28,567		29,624
Raleigh	37,655		31,202		74,697		63,755
Richmond	11,751		11,834		23,213		24,094
Tampa	25,886		25,358		50,310		50,602
Total Office Segment	182,204		175,543		362,577		354,959
Other	3,298		7,610		6,730		20,994
Total Rental and Other Revenues	$	185,502	$	183,153	$	369,307	$	375,953

Net Operating Income:
Office:
Atlanta	$	23,622	$	23,901	$	47,622	$	49,084
Charlotte	7,035		7,123		14,287		14,325
Nashville	25,824		25,132		50,817		49,885
Orlando	7,782		7,750		15,494		15,755
Pittsburgh	8,411		9,350		17,300		18,020
Raleigh	28,444		23,997		56,580		47,633
Richmond	8,234		8,508		16,287		17,199
Tampa	17,857		17,663		34,497		34,196
Total Office Segment	127,209		123,424		252,884		246,097
Other	2,067		4,610		4,008		12,535
Total Net Operating Income	129,276		128,034		256,892		258,632
Reconciliation to net income:
Depreciation and amortization	(61,949)		(59,461)		(122,876)		(120,611)
Impairments of real estate assets	—		(1,778)		—		(1,778)
General and administrative expenses	(10,107)		(10,084)		(20,059)		(21,014)
Interest expense	(19,001)		(19,840)		(38,769)		(41,117)
Other income	332		588		644		657
Gains on disposition of property	22,862		318		41,799		153,385
Equity in earnings of unconsolidated affiliates	431		1,179		1,068		2,142
Net income	$	61,844	$	38,956	$	118,699	$	230,296