Segment Information

9 Months Ended

Sep. 30, 2020

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. Our segment information for the three and nine months ended September 30, 2019 has been retrospectively revised from previously reported amounts to reflect a change in our reportable segments as a result of recent dispositions.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Rental and Other Revenues:
Office:
Atlanta	$	36,022	$	39,120	$	110,518	$	113,115
Charlotte	8,858		—		26,801		—
Nashville	34,661		34,748		103,780		99,256
Orlando	11,518		12,854		36,844		39,781
Pittsburgh	14,430		15,154		44,054		45,463
Raleigh	32,037		30,688		95,792		90,458
Richmond	11,878		12,576		35,972		37,203
Tampa	24,575		23,563		75,177		62,631
Total Office Segment	173,979		168,703		528,938		487,907
Other	7,064		18,772		28,058		56,001
Total Rental and Other Revenues	$	181,043	$	187,475	$	556,996	$	543,908

Net Operating Income:
Office:
Atlanta	$	23,303	$	24,372	$	72,387	$	72,614
Charlotte	6,973		—		21,298		—
Nashville	25,022		25,191		74,907		71,717
Orlando	6,505		7,889		22,260		24,452
Pittsburgh	8,934		9,150		26,954		27,179
Raleigh	24,037		22,066		71,670		65,363
Richmond	8,204		8,337		25,403		25,499
Tampa	16,829		14,339		51,025		35,715
Total Office Segment	119,807		111,344		365,904		322,539
Other	4,344		11,996		16,879		36,125
Total Net Operating Income	124,151		123,340		382,783		358,664
Reconciliation to net income:
Depreciation and amortization	(60,303)		(60,850)		(180,914)		(189,514)
Impairments of real estate assets	—		(5,318)		(1,778)		(5,849)
General and administrative expenses	(9,155)		(11,717)		(30,169)		(33,658)
Interest expense	(19,886)		(20,527)		(61,003)		(59,622)
Other income/(loss)	(3,311)		174		(2,654)		(3,271)
Gains on disposition of property	10,012		3,515		163,397		10,218
Equity in earnings of unconsolidated affiliates	823		940		2,965		2,369
Net income	$	42,331	$	29,557	$	272,627	$	79,337