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v3.21.2

Segment Information | 6 Months Ended
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Jun. 30, 2021
Segment Reporting [Abstract] |
Segment Information | Segment Information 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 and which is defined as rental and other revenues less rental property and other expenses, for each of our reportable segments.
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Rental and Other Revenues: |  |  |  |  |  |  |
Office: |  |  |  |  |  |  |
Atlanta | $ | 35,738 |  |  | $ | 36,537 |  |  | $ | 71,713 |  |  | $ | 74,496 |
Charlotte | 8,917 |  |  | 9,010 |  |  | 18,051 |  |  | 17,943 |
Nashville | 35,578 |  |  | 34,622 |  |  | 70,737 |  |  | 69,119 |
Orlando | 12,730 |  |  | 12,304 |  |  | 25,289 |  |  | 25,326 |
Pittsburgh | 13,949 |  |  | 14,676 |  |  | 28,567 |  |  | 29,624 |
Raleigh | 37,655 |  |  | 31,202 |  |  | 74,697 |  |  | 63,755 |
Richmond | 11,751 |  |  | 11,834 |  |  | 23,213 |  |  | 24,094 |
Tampa | 25,886 |  |  | 25,358 |  |  | 50,310 |  |  | 50,602 |
Total Office Segment | 182,204 |  |  | 175,543 |  |  | 362,577 |  |  | 354,959 |
Other | 3,298 |  |  | 7,610 |  |  | 6,730 |  |  | 20,994 |
Total Rental and Other Revenues | $ | 185,502 |  |  | $ | 183,153 |  |  | $ | 369,307 |  |  | $ | 375,953 |
Net Operating Income: |  |  |  |  |  |  |
Office: |  |  |  |  |  |  |
Atlanta | $ | 23,622 |  |  | $ | 23,901 |  |  | $ | 47,622 |  |  | $ | 49,084 |
Charlotte | 7,035 |  |  | 7,123 |  |  | 14,287 |  |  | 14,325 |
Nashville | 25,824 |  |  | 25,132 |  |  | 50,817 |  |  | 49,885 |
Orlando | 7,782 |  |  | 7,750 |  |  | 15,494 |  |  | 15,755 |
Pittsburgh | 8,411 |  |  | 9,350 |  |  | 17,300 |  |  | 18,020 |
Raleigh | 28,444 |  |  | 23,997 |  |  | 56,580 |  |  | 47,633 |
Richmond | 8,234 |  |  | 8,508 |  |  | 16,287 |  |  | 17,199 |
Tampa | 17,857 |  |  | 17,663 |  |  | 34,497 |  |  | 34,196 |
Total Office Segment | 127,209 |  |  | 123,424 |  |  | 252,884 |  |  | 246,097 |
Other | 2,067 |  |  | 4,610 |  |  | 4,008 |  |  | 12,535 |
Total Net Operating Income | 129,276 |  |  | 128,034 |  |  | 256,892 |  |  | 258,632 |
Reconciliation to net income: |  |  |  |  |  |  |
Depreciation and amortization | (61,949) |  |  | (59,461) |  |  | (122,876) |  |  | (120,611) |
Impairments of real estate assets | — |  |  | (1,778) |  |  | — |  |  | (1,778) |
General and administrative expenses | (10,107) |  |  | (10,084) |  |  | (20,059) |  |  | (21,014) |
Interest expense | (19,001) |  |  | (19,840) |  |  | (38,769) |  |  | (41,117) |
Other income | 332 |  |  | 588 |  |  | 644 |  |  | 657 |
Gains on disposition of property | 22,862 |  |  | 318 |  |  | 41,799 |  |  | 153,385 |
Equity in earnings of unconsolidated affiliates | 431 |  |  | 1,179 |  |  | 1,068 |  |  | 2,142 |
Net income | $ | 61,844 |  |  | $ | 38,956 |  |  | $ | 118,699 |  |  | $ | 230,296 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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