Piedmont office realty trust, inc. (PDM)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Revenues:
Rental and tenant reimbursement revenue

511,905

504,410

553,264

439,918

468,872

454,635

443,106

411,842

409,711

398,534

409,905

Tenant reimbursements

-

-

-

94,901

113,881

109,548

104,253

106,544

113,813

113,291

126,872

Other rental income

-

-

-

-

-

-

-

-

-

5,033

2,764

Total revenues

533,178

525,967

574,173

555,715

584,769

566,252

549,610

520,704

525,108

520,070

542,652

Expenses:
Property operating costs

211,380

209,338

222,441

220,796

242,022

239,431

220,779

206,189

202,531

192,613

207,018

Depreciation

106,015

107,956

119,288

127,733

134,503

138,596

120,980

108,959

100,686

94,389

97,467

Amortization

76,666

63,295

75,367

75,119

60,886

56,579

45,090

49,318

54,008

37,315

46,359

Impairment loss on real estate assets

8,953

0

46,461

33,901

43,301

0

0

-

0

-

35,063

General and administrative

37,895

29,713

29,319

27,382

30,346

23,825

21,881

20,767

25,072

28,128

26,656

Expenses

440,909

410,302

492,876

484,931

511,058

458,431

408,730

385,233

382,297

352,445

412,563

Real estate operating income

-

-

-

70,784

73,711

107,821

140,880

135,471

142,811

167,625

130,089

Other income (expense):
Interest expense

61,594

61,023

68,124

64,860

73,998

74,446

73,583

65,023

65,817

66,486

71,464

Other income

1,571

1,638

657

-13

1,565

62

-2,336

833

2,866

-

-

Net recoveries from casualty events

-

-

-

34

-278

6,992

-11,811

12,670

0

0

-

Interest and other income

-

-

-

-

-

-

-

-

-

3,486

4,407

Litigation settlement recovery/(expense)

-

-

-

-

-

-

-

-

0

0

-

Equity in income of unconsolidated joint ventures

0

0

3,845

362

553

-350

-3,676

923

1,619

2,633

104

Loss on extinguishment of debt

0

-1,680

0

0

-

-

-

-

-

-

-

Net income

-

-

-

-

1,553

40,079

72,198

59,534

84,050

107,258

63,136

Discontinued operations:
Operating income

-

-

-

-

84

954

2,897

6,108

18,349

23,540

11,579

Impairment loss on real estate assets

-

-

-

-

-

-

7,644

0

0

9,587

0

Loss on sale of real estate assets

-

-

-

-

-1

262

31,292

27,577

122,657

-817

0

Income from discontinued operations

-

-

-

-

83

1,216

26,545

33,685

141,006

13,136

11,579

Gain on sale of real estate assets, net

197,010

75,691

115,874

93,410

129,683

870

0

0

-

-

-

Nonoperating income (expense)

136,987

14,626

52,252

28,933

-72,158

-67,742

-68,682

-75,937

-58,761

-60,367

-66,953

Loss on consolidation

-

-

-

-

-

-

-898

0

1,532

0

0

Gain on extinguishment of debt

-

-

-

-

-

-

-

-

1,039

0

0

Net income

229,256

130,291

133,549

99,717

131,319

42,165

98,743

93,219

225,056

120,394

74,715

Net income applicable to noncontrolling interest

-5

-5

-15

-15

15

15

15

15

15

15

15

Net income applicable to Piedmont

229,261

130,296

133,564

99,732

131,304

42,150

98,728

93,204

225,041

120,379

74,700

Per share information – basic:
Income from continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

0.63

0.40

Income from discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

0.08

0.07

Income attributable to noncontrolling interest (in dollars per share)

-

-

-

-

-

-

-

-

-

0.00

0.00

Net income applicable to common stockholders (in dollars per share)

-

-

-

-

-

-

-

-

-

0.71

0.47

Per share information— basic and diluted:
Income from continuing operations and gain on sale of real estate assets (in dollars per share)

-

-

-

-

0.87

0.26

0.44

0.35

0.49

-

-

Income from discontinued operations (in dollars per share)

-

-

-

-

0.00

0.01

0.16

0.20

0.81

-

-

Net income available to common stockholders (in dollars per share)

1.82

1.00

0.92

0.69

0.87

0.27

0.60

0.55

1.30

-

-

Per share information – diluted:
Income from continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

0.63

0.40

Income from discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

0.07

0.07

Income attributable to noncontrolling interest (in dollars per share)

-

-

-

-

-

-

-

-

-

0.00

0.00

Net income applicable to common stockholders (in dollars per share)

-

-

-

-

-

-

-

-

-

0.70

0.47

Weighted-average common shares outstanding – basic (in shares)

125,709

130,161

145,044

145,230

150,537

154,452

165,012

170,312

172,764

170,752

158,419

Weighted-average common shares outstanding – diluted (in shares)

126,182

130,636

145,380

145,635

150,880

154,585

165,137

170,441

172,980

170,967

158,580

Property management fee revenue
Property management and other property related revenue

3,398

1,450

1,735

1,914

2,016

2,069

2,251

2,318

1,584

3,212

3,111

Other property related income
Property management and other property related revenue

17,875

20,107

19,174

18,982

-

-

-

-

-

-

-