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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:                      
Rental and tenant reimbursement revenue                 $ 511,905 $ 504,410 $ 553,264
Total revenues $ 134,153 $ 135,421 $ 130,668 $ 132,936 $ 137,185 $ 129,708 $ 129,174 $ 129,900 533,178 525,967 574,173
Expenses:                      
Property operating costs                 211,380 209,338 222,441
Depreciation                 106,015 107,956 119,288
Amortization                 76,666 63,295 75,367
Impairment loss on real estate assets                 8,953 0 46,461
General and administrative                 37,895 29,713 29,319
Expenses                 440,909 410,302 492,876
Other income (expense):                      
Interest expense                 (61,594) (61,023) (68,124)
Other income/(expense)                 1,571 1,638 657
Equity in income of unconsolidated joint ventures                 0 0 3,845
Loss on extinguishment of debt                 0 (1,680) 0
Gain on sale of real estate assets, net 157,640 32 1,451 37,887 30,505 0 (23) 45,209 197,010 75,691 115,874
Nonoperating Income (Expense)                 136,987 14,626 52,252
Net income 162,476 8,419 8,152 50,209 45,409 16,114 10,940 57,828 229,256 130,291 133,549
Net loss applicable to noncontrolling interest                 5 5 15
Net income applicable to Piedmont $ 162,478 $ 8,422 $ 8,153 $ 50,208 $ 45,410 $ 16,114 $ 10,942 $ 57,830 $ 229,261 $ 130,296 $ 133,564
Per share information— basic and diluted:                      
Net income available to common stockholders (in dollars per share) $ 1.29 $ 0.07 $ 0.06 $ 0.40         $ 1.82 $ 1.00 $ 0.92
Weighted-average shares outstanding - basic (in shares)                 125,709,207 130,161,202 145,043,503
Weighted-average shares outstanding - diluted (in shares)                 126,182,137 130,635,650 145,379,994
Property management fee revenue                      
Revenues:                      
Property related revenue                 $ 3,398 $ 1,450 $ 1,735
Other property related income                      
Revenues:                      
Property related revenue                 $ 17,875 $ 20,107 $ 19,174