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Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2024
Segment Reporting [Abstract] |
Reconciliation of Revenue from Segments to Consolidated | 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 |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated |
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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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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