Segment Information

3 Months Ended

Mar. 31, 2022

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 March 31,
	2022		2021
Rental and Other Revenues:
Office:
Atlanta	$	35,554	$	35,975
Charlotte	16,944		9,134
Nashville	43,447		35,159
Orlando	13,312		12,559
Pittsburgh	14,946		14,618
Raleigh	46,296		37,042
Richmond	10,533		11,462
Tampa	24,023		24,424
Total Office Segment	205,055		180,373
Other	1,323		3,432
Total Rental and Other Revenues	$	206,378	$	183,805

Net Operating Income:
Office:
Atlanta	$	23,681	$	24,000
Charlotte	13,050		7,252
Nashville	32,522		24,993
Orlando	8,137		7,712
Pittsburgh	8,861		8,889
Raleigh	34,715		28,136
Richmond	7,225		8,053
Tampa	15,946		16,640
Total Office Segment	144,137		125,675
Other	819		1,941
Total Net Operating Income	144,956		127,616
Reconciliation to net income:
Depreciation and amortization	(69,667)		(60,927)
General and administrative expenses	(13,556)		(9,952)
Interest expense	(24,393)		(19,768)
Other income	363		312
Gains on disposition of property	4,100		18,937
Equity in earnings of unconsolidated affiliates	300		637
Net income	$	42,103	$	56,855