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Segment Information | 3 Months Ended
--- | ---
Mar. 31, 2024
Segment Reporting [Abstract] |
Segment Information | Segment Information The following tables summarize rental and other revenues and net operating income for our office properties. Net operating income is the primary industry property-level performance metric used by our chief operating decision maker and is defined as rental and other revenues less rental property and other expenses.
|  |  | Three Months Ended March 31,
|  |  |  |  | 2024 |  | 2023
Rental and Other Revenues: |  |  |  |  |  |  |
Atlanta |  |  |  |  | $ | 36,443 |  |  | $ | 36,870 |
Charlotte |  |  |  |  | 21,717 |  |  | 21,580 |
Nashville |  |  |  |  | 45,038 |  |  | 44,564 |
Orlando |  |  |  |  | 14,776 |  |  | 14,394 |
Raleigh |  |  |  |  | 45,178 |  |  | 45,878 |
Richmond |  |  |  |  | 9,001 |  |  | 9,309 |
Tampa |  |  |  |  | 24,579 |  |  | 25,391 |
Total Office Segment |  |  |  |  | 196,732 |  |  | 197,986 |
Other |  |  |  |  | 14,543 |  |  | 14,766 |
Total Rental and Other Revenues |  |  |  |  | $ | 211,275 |  |  | $ | 212,752 |
Net Operating Income: |  |  |  |  |  |  |
Atlanta |  |  |  |  | $ | 22,620 |  |  | $ | 24,225 |
Charlotte |  |  |  |  | 15,928 |  |  | 16,110 |
Nashville |  |  |  |  | 31,306 |  |  | 33,025 |
Orlando |  |  |  |  | 9,168 |  |  | 8,772 |
Raleigh |  |  |  |  | 32,086 |  |  | 33,606 |
Richmond |  |  |  |  | 6,317 |  |  | 6,570 |
Tampa |  |  |  |  | 15,488 |  |  | 16,404 |
Total Office Segment |  |  |  |  | 132,913 |  |  | 138,712 |
Other |  |  |  |  | 7,927 |  |  | 8,309 |
Total Net Operating Income |  |  |  |  | 140,840 |  |  | 147,021 |
Reconciliation to net income: |  |  |  |  |  |  |
Depreciation and amortization |  |  |  |  | (73,671) |  |  | (70,633) |
General and administrative expenses |  |  |  |  | (12,499) |  |  | (12,415) |
Interest expense |  |  |  |  | (36,552) |  |  | (33,098) |
Other income |  |  |  |  | 1,232 |  |  | 1,147 |
Gains on disposition of property |  |  |  |  | 7,209 |  |  | 450 |
Gain on deconsolidation of affiliate |  |  |  |  | — |  |  | 11,778 |
Equity in earnings of unconsolidated affiliates |  |  |  |  | 654 |  |  | 704 |
Net income |  |  |  |  | $ | 27,213 |  |  | $ | 44,954 |

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