Operating Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Lessor, Operating Lease, Payments to be Received

The future minimum rental income from Piedmont’s investment in real estate assets under non-cancelable operating leases as of December 31, 2019 is presented below (in thousands):

Years ending December 31:
2020	$	384,891
2021	378,312
2022	362,977
2023	329,490
2024	287,755
Thereafter	1,520,051
Total	$	3,263,476

Operating Lease, Lease Income

Piedmont recognized the following fixed and variable lease payments, which together comprised rental and tenant reimbursement revenue in the accompanying consolidated statements of income for the years ended December 31, 2019, 2018, and 2017, respectively, as follows (in thousands):

	2019		2018		2017
Fixed payments	$	418,246	$	411,667	$	455,125
Variable payments	93,659		92,743		98,139
Total Rental and Tenant Reimbursement Revenue	$	511,905	$	504,410	$	553,264