XML 51 R33.htm IDEA: XBRL DOCUMENT v3.4.0.3
Segment Information (Tables)
3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Segment Information [Table Text Block]
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 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 months ended March 31, 2015 has been retrospectively revised from previously reported amounts to reflect a change in our reportable segments.

 
Three Months Ended
March 31,
 
2016
 
2015
Rental and Other Revenues:
 
 
 
Office:
 
 
 
Atlanta, GA
$
33,196

 
$
24,782

Greensboro, NC
5,147

 
5,440

Memphis, TN
12,014

 
11,734

Nashville, TN
23,366

 
21,816

Orlando, FL
11,485

 
10,834

Pittsburgh, PA
15,140

 
14,549

Raleigh, NC
28,222

 
23,441

Richmond, VA
11,069

 
10,584

Tampa, FL
21,438

 
18,427

Total Office Segment
161,077

 
141,607

Other
3,782

 
3,629

Total Rental and Other Revenues
$
164,859

 
$
145,236


14.
Segment Information - Continued

 
Three Months Ended
March 31,
 
2016
 
2015
Net Operating Income:
 
 
 
Office:
 
 
 
Atlanta, GA
$
21,052

 
$
15,367

Greensboro, NC
3,148

 
3,426

Memphis, TN
7,415

 
7,389

Nashville, TN
16,815

 
15,232

Orlando, FL
6,685

 
6,483

Pittsburgh, PA
8,603

 
7,962

Raleigh, NC
20,254

 
16,271

Richmond, VA
7,429

 
6,880

Tampa, FL
13,327

 
11,220

Total Office Segment
104,728

 
90,230

Other
2,551

 
2,492

Total Net Operating Income
107,279

 
92,722

Reconciliation to income from continuing operations before disposition of investment properties and activity in unconsolidated affiliates:
 
 
 
Depreciation and amortization
(53,494
)
 
(46,867
)
General and administrative expenses
(11,137
)
 
(11,243
)
Interest expense
(20,705
)
 
(21,242
)
Other income
517

 
582

Income from continuing operations before disposition of investment properties and activity in unconsolidated affiliates
$
22,460

 
$
13,952