Piedmont Office Realty Trust, Inc. PDM Income Statement

Piedmont office realty trust, inc. (PDM)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Revenues:
Rental and tenant reimbursement revenue
517,893	511,905	514,132	508,071	506,128	504,410	580,356	564,706	559,673	553,264	444,991	449,944	443,219	439,918	455,943	460,116	465,803	468,872	469,170	465,705	461,538	454,635	452,650	453,291	447,955	443,106	427,954	417,732	414,022	411,842	415,127	414,300	413,264	409,711	383,524	381,500	388,344	398,534	0	0	0
Tenant reimbursements
-	-	-	-	-	-	-	-	-	-	98,276	98,186	96,987	94,901	93,405	99,515	105,242	113,881	120,771	120,077	116,009	109,548	106,611	104,361	103,717	104,253	103,009	102,812	105,496	106,544	108,475	109,577	113,432	113,813	103,959	102,708	105,102	113,291	0	0	0
Other rental income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	4,592	8,809	7,941	5,033	0	0	0
Total revenues
537,413	533,178	536,210	530,497	529,003	525,967	528,226	536,105	555,610	574,173	578,640	579,538	566,166	555,715	551,265	561,595	573,022	584,769	592,019	587,845	579,691	566,252	561,046	559,794	553,779	549,610	533,471	522,682	521,769	520,704	520,963	520,841	524,744	525,108	494,326	495,964	504,676	520,070	0	0	0
Expenses:
Property operating costs
212,765	211,380	213,961	209,027	209,284	209,338	209,981	214,820	218,470	222,441	225,993	226,342	222,347	220,796	216,092	222,878	232,065	242,022	249,365	249,739	245,396	239,431	235,698	231,808	226,895	220,779	213,982	206,328	206,653	206,189	204,779	205,003	205,405	202,531	190,021	183,731	186,069	192,613	0	0	0
Depreciation
107,374	106,015	106,848	106,569	107,336	107,956	109,573	112,721	115,665	119,288	123,612	125,222	126,719	127,733	125,981	125,570	130,053	134,503	138,912	143,079	141,184	138,596	134,845	129,774	125,799	120,980	116,245	113,871	110,932	108,959	106,059	104,029	102,501	100,686	95,642	94,068	93,735	94,389	0	0	0
Amortization
82,597	76,666	72,143	67,478	64,262	63,295	64,333	67,616	71,685	75,367	79,123	79,640	77,728	75,119	71,088	66,469	64,022	60,886	57,818	58,032	56,676	56,579	53,602	53,052	50,654	45,090	44,118	45,598	45,713	49,318	53,917	53,560	56,284	54,008	44,899	39,393	36,266	37,315	0	0	0
Impairment loss on real estate assets
-	-	0	-	-	-	0	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative
37,170	37,895	37,962	36,689	32,529	29,713	28,938	28,451	27,721	29,319	25,732	26,971	27,759	27,382	31,114	31,945	31,712	30,346	29,061	26,615	25,677	23,825	22,719	22,754	21,888	21,881	21,814	21,473	20,058	20,767	22,016	21,239	23,717	25,072	25,650	27,514	28,120	28,128	0	0	0
Expenses
448,859	440,909	432,867	419,763	413,411	410,302	459,286	470,069	480,002	492,876	454,460	481,126	488,454	484,931	481,308	495,759	501,153	511,058	515,325	482,819	468,933	458,431	446,864	437,388	425,236	408,730	396,159	387,270	383,356	385,233	386,771	383,831	387,907	382,297	356,212	344,706	344,190	352,445	0	0	0
Real estate operating income
-	-	-	-	-	-	-	-	-	-	124,180	98,412	77,712	70,784	69,957	65,836	71,869	73,711	76,694	105,026	110,758	107,821	114,182	122,406	128,543	140,880	137,312	135,412	138,413	135,471	134,192	137,010	136,837	142,811	138,114	151,258	160,486	167,625	0	0	0
Other income (expense):
Interest expense
61,365	61,594	62,479	62,183	62,758	61,023	60,757	61,091	63,825	68,124	69,227	68,540	66,532	64,860	66,272	69,608	71,367	73,998	74,874	74,696	74,536	74,446	75,243	75,920	76,136	73,583	70,228	67,144	64,859	65,023	64,906	64,895	66,714	65,817	62,323	61,864	63,035	66,486	0	0	0
Other income
1,443	1,571	1,450	1,490	1,469	1,638	1,909	1,896	1,203	657	682	-328	-407	-13	-120	1,403	2,040	1,565	1,212	933	-29	62	-323	-1,443	-1,149	-2,336	-1,877	-898	-541	833	0	0	0	-	-	-	-	-	-	-	0
Gain on sale of real estate assets
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net recoveries from casualty events
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	0	-	-	6,992	-9,014	-12,941	-15,014	-11,811	5,359	9,278	12,831	12,670	0	0	0	-	-	-	-	-	-	-	-
Interest and other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,618	4,702	5,976	3,486	0	0	0
Litigation settlement recovery/(expense)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	-	-	-	-	-	-
Equity in income of unconsolidated joint ventures
-	-	-	-	-	-	-	-	-	3,845	3,880	255	258	362	489	495	509	553	578	532	75	-350	-4,790	-4,833	-4,337	-3,676	788	1,065	1,148	923	1,326	1,488	1,580	1,619	1,662	1,796	2,105	2,633	0	0	0
Loss on extinguishment of debt
-	-	0	0	-	-1,680	-1,680	-1,680	-1,680	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	-	-	0	0	-	40,079	42,840	52,253	61,037	72,198	67,238	59,157	61,330	59,534	64,652	74,669	71,858	84,050	82,603	97,424	107,452	107,258	0	0	0
Discontinued operations:
Operating income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	954	1,502	2,023	2,504	2,897	6,471	6,541	5,968	6,108	9,665	12,833	15,971	18,349	25,950	27,443	25,732	23,540	0	0	0
Impairment loss on real estate assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,644	6,402	6,402	6,402	0	0	0	0	-	-	-	-	-	0	0	-
Loss on sale of real estate assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	262	16,232	16,232	31,186	31,292	16,251	15,997	9,747	27,577	123,485	150,495	140,487	122,657	26,756	0	0	-	0	-	-
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	1,216	16,492	17,013	32,448	26,545	16,320	16,136	9,313	33,685	133,150	163,328	156,458	141,006	51,889	26,626	15,328	13,136	0	0	0
Gain on sale of real estate assets, net
-	-	69,875	69,843	-	75,691	45,109	154,621	161,136	115,874	135,603	26,034	93,377	93,410	149,615	166,814	119,590	129,683	53,556	36,414	10,943	870	1,140	1,140	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Nonoperating income (expense)
0	-	0	-	0	-	0	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-67,742	-71,342	-70,153	-67,506	-68,682	-70,074	-76,255	-77,083	-75,937	-69,540	-62,341	-64,979	-58,761	-58,109	-59,517	0	-	0	0	-
Loss on consolidation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	1,532	1,532	1,532	0	-	0	0	-
Net income
187,758	229,256	112,189	119,884	122,672	130,291	211,011	218,604	0	-	0	0	-	99,717	153,497	164,747	122,446	131,319	58,677	69,714	52,017	42,165	60,472	70,406	93,485	98,743	83,558	75,293	70,643	93,219	197,802	237,997	228,316	225,056	134,492	124,050	122,780	120,394	0	0	0
Net income applicable to noncontrolling interest
-4	-5	-4	-1	-2	-5	-9	-13	-14	-15	-18	-28	-22	-15	-4	14	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	-227	-227	-106	15	0	0	0
Net income applicable to Piedmont
187,762	229,261	112,193	119,885	122,674	130,296	53,503	163,522	176,290	133,564	195,136	55,896	104,464	99,732	153,501	164,733	122,431	131,304	58,662	69,699	52,002	42,150	60,457	70,391	93,470	98,728	83,543	75,278	70,628	93,204	197,787	237,982	228,301	225,041	134,719	124,277	122,886	120,379	0	0	0
Per share information – basic:
Income from continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.12	0.10	0.18	-	0.21	-	-
Income from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.18	0.02	0.02	-	0.03	-	-
Net income applicable to common stockholders (in dollars per share)
0.07	-	0.07	0.06	0.40	-	0.13	0.09	0.43	-	-	-	0.10	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.30	0.12	0.20	-	0.24	-	-
Per share information— basic and diluted:
Income from continuing operations and gain on sale of real estate assets (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.09	0.50	-	-	-0.01	0.20	-	0.07	0.06	0.07	0.06	0.10	0.11	0.11	0.12	0.06	0.06	0.12	0.11	-	-	-	-	-	-	0.16	0.18
Income from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	-	-	-	-	-	0.00	0.00	0.01	0.00	0.00	0.01	0.10	-0.03	0.00	0.00	0.06	0.11	-	-	-	-	-	-	-0.05	0.01
Income attributable to noncontrolling interest (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00
Net income available to common stockholders (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.87	0.16	-	0.21	-0.09	0.50	0.07	0.56	-0.01	0.20	0.12	0.07	0.06	0.08	0.06	0.18	0.12	0.21	0.09	0.09	0.06	0.18	0.22	-	-	-	-	-	-	0.11	0.19
Per share information – diluted:
Income from continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.12	0.10	0.18	-	0.20	-	-
Income from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.17	0.02	0.02	-	0.03	-	-
Net income applicable to common stockholders (in dollars per share)
0.07	-	0.07	0.06	0.40	-	0.13	0.09	0.42	-	-	-	0.10	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.29	0.12	0.20	-	0.23	-	-
Weighted-average common shares outstanding – basic (in shares)
125,862	125,786	125,783	125,693	125,574	128,050	128,371	128,346	135,877	144,060	145,416	145,412	145,286	145,233	145,231	145,178	145,276	145,397	148,855	153,559	154,339	154,315	154,325	154,318	154,849	160,226	164,683	167,585	167,555	167,736	168,805	172,077	172,629	172,793	172,826	172,780	172,658	172,763	172,658	172,595	164,992
Weighted-average common shares outstanding – diluted (in shares)
126,360	125,816	126,240	126,491	126,181	128,841	128,819	128,701	136,183	144,154	145,719	145,813	145,833	145,380	145,669	145,698	145,791	146,006	149,176	153,757	154,580	154,310	154,561	154,444	155,024	160,229	164,796	167,714	167,810	167,752	168,929	172,209	172,873	172,937	173,045	172,985	172,954	173,065	172,885	172,718	165,200
Net income applicable to common stockholders (in dollars per share)
0.07	-	0.07	0.06	0.40	-	0.13	0.09	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property management fee revenue
Property management and other property related revenue
2,179	3,398	3,210	3,173	3,133	1,450	1,415	1,501	1,519	1,735	1,815	1,862	1,916	1,914	1,917	1,964	1,977	2,016	2,078	2,063	2,144	2,069	1,785	2,142	2,107	2,251	2,632	2,262	2,375	2,318	2,001	1,591	1,328	1,584	2,251	2,947	3,289	3,212	0	0	0
Other property related income
Property management and other property related revenue
17,341	17,875	18,868	19,253	19,742	20,107	19,830	19,020	19,255	19,174	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-