$PDM
Piedmont Office Realty Trust, Inc.

2020 Q2 Form 10-Q Financial Statement

#000104277620000191 Filed on July 29, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $134.6M $130.7M
YoY Change 3.03% 1.16%
Cost Of Revenue $53.10M $52.40M
YoY Change 1.34% -0.38%
Gross Profit $81.50M $78.30M
YoY Change 4.09% 2.35%
Gross Profit Margin 60.54% 59.92%
Selling, General & Admin $5.900M $9.200M
YoY Change -35.87% 10.84%
% of Gross Profit 7.24% 11.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $27.20M $26.35M
YoY Change 3.23% -2.83%
% of Gross Profit 33.37% 33.65%
Operating Expenses $57.60M $109.6M
YoY Change -47.45% 6.15%
Operating Profit $23.90M -$31.31M
YoY Change -176.34% -220.79%
Interest Expense $13.95M $15.11M
YoY Change -7.67% -3.67%
% of Operating Profit 58.38%
Other Income/Expense, Net $168.4M -$12.91M
YoY Change -1404.74% -13.82%
Pretax Income $192.4M $8.200M
YoY Change 2246.34% -24.77%
Income Tax
% Of Pretax Income
Net Earnings $192.4M $8.153M
YoY Change 2260.2% -25.49%
Net Earnings / Revenue 142.93% 6.24%
Basic Earnings Per Share $1.53 $0.06
Diluted Earnings Per Share $1.52 $0.06
COMMON SHARES
Basic Shares Outstanding 126.0M shares 125.7M shares
Diluted Shares Outstanding 126.5M shares 126.5M shares

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $36.50M $7.700M
YoY Change 374.03% -13.48%
Cash & Equivalents $36.47M $7.748M
Short-Term Investments
Other Short-Term Assets $33.00M $33.10M
YoY Change -0.3% 13.36%
Inventory $0.00 $0.00
Prepaid Expenses
Receivables $155.9M $181.9M
Other Receivables $0.00 $0.00
Total Short-Term Assets $225.4M $222.7M
YoY Change 1.21% -0.04%
LONG-TERM ASSETS
Property, Plant & Equipment $3.038B $2.873B
YoY Change 5.75% -3.44%
Goodwill $98.92M $98.92M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $301.3M $251.6M
YoY Change 19.75% -0.98%
Total Long-Term Assets $3.544B $3.303B
YoY Change 7.32% -2.9%
TOTAL ASSETS
Total Short-Term Assets $225.4M $222.7M
Total Long-Term Assets $3.544B $3.303B
Total Assets $3.770B $3.525B
YoY Change 6.93% -2.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $95.40M $97.50M
YoY Change -2.15% 3.5%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $95.40M $97.50M
YoY Change -2.15% 3.5%
LONG-TERM LIABILITIES
Long-Term Debt $1.622B $1.662B
YoY Change -2.44% -3.42%
Other Long-Term Liabilities $105.0M $62.90M
YoY Change 66.93% -4.55%
Total Long-Term Liabilities $1.727B $1.725B
YoY Change 0.09% -3.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $95.40M $97.50M
Total Long-Term Liabilities $1.727B $1.725B
Total Liabilities $1.822B $1.822B
YoY Change -0.03% -3.11%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $3.693B $3.689B
YoY Change 0.09% 0.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.946B $1.701B
YoY Change
Total Liabilities & Shareholders Equity $3.770B $3.525B
YoY Change 6.93% -2.72%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $192.4M $8.153M
YoY Change 2260.2% -25.49%
Depreciation, Depletion And Amortization $27.20M $26.35M
YoY Change 3.23% -2.83%
Cash From Operating Activities $43.80M $51.70M
YoY Change -15.28% 3.61%
INVESTING ACTIVITIES
Capital Expenditures -$22.50M -$111.5M
YoY Change -79.82% 707.97%
Acquisitions
YoY Change
Other Investing Activities $347.3M -$3.900M
YoY Change -9005.13% 21.88%
Cash From Investing Activities $324.8M -$115.4M
YoY Change -381.46% 582.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -340.0M 66.80M
YoY Change -608.98% -316.18%
NET CHANGE
Cash From Operating Activities 43.80M 51.70M
Cash From Investing Activities 324.8M -115.4M
Cash From Financing Activities -340.0M 66.80M
Net Change In Cash 28.60M 3.100M
YoY Change 822.58% 47.62%
FREE CASH FLOW
Cash From Operating Activities $43.80M $51.70M
Capital Expenditures -$22.50M -$111.5M
Free Cash Flow $66.30M $163.2M
YoY Change -59.38% 156.2%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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0001042776
dei Current Fiscal Year End Date
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Piedmont Office Realty Trust, Inc.
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5565 Glenridge Connector Ste. 450
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Atlanta
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CY2019Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
672000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-179000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
1443000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-2384000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-4137000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-24327000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-6932000 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
190043000 USD
CY2019Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
4016000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
176809000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
51429000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1783717000 USD
CY2020Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.21
CY2020Q2 pdm Dividends Minority Interest Decrease From Distributions To Noncontrolling Interest Holders And Stock Issued During Period Value Dividend Reinvestment Plan
DividendsMinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHoldersAndStockIssuedDuringPeriodValueDividendReinvestmentPlan
26479000 USD
CY2020Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
557000 USD
CY2020Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
192427000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-2384000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1947837000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1723522000 USD
CY2019Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.21
CY2019Q2 pdm Dividends Minority Interest Decrease From Distributions To Noncontrolling Interest Holders And Stock Issued During Period Value Dividend Reinvestment Plan
DividendsMinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHoldersAndStockIssuedDuringPeriodValueDividendReinvestmentPlan
26522000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1960000 USD
CY2019Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
8153000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-4137000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1702975000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1818974000 USD
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.42
pdm Dividends Minority Interest Decrease From Distributions To Noncontrolling Interest Holders And Stock Issued During Period Value Dividend Reinvestment Plan
DividendsMinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHoldersAndStockIssuedDuringPeriodValueDividendReinvestmentPlan
52933000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
4986000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1000 USD
us-gaap Net Income Loss
NetIncomeLoss
201136000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-24327000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1947837000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1712140000 USD
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
12482000 USD
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.42
pdm Dividends Minority Interest Decrease From Distributions To Noncontrolling Interest Holders And Stock Issued During Period Value Dividend Reinvestment Plan
DividendsMinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHoldersAndStockIssuedDuringPeriodValueDividendReinvestmentPlan
52952000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
4840000 USD
us-gaap Net Income Loss
NetIncomeLoss
58361000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-6932000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1702975000 USD
us-gaap Profit Loss
ProfitLoss
201137000 USD
us-gaap Profit Loss
ProfitLoss
58361000 USD
us-gaap Depreciation
Depreciation
55084000 USD
us-gaap Depreciation
Depreciation
52873000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
530000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
261000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
43435000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
33650000 USD
pdm Noncash Gain Loss On Extinguishment Of Debt
NoncashGainLossOnExtinguishmentOfDebt
-349000 USD
pdm Noncash Gain Loss On Extinguishment Of Debt
NoncashGainLossOnExtinguishmentOfDebt
0 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
4865000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
us-gaap Share Based Compensation
ShareBasedCompensation
5545000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
9831000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
191372000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
39338000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
20923000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
8683000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
8464000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
7644000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
518000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-5255000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-124000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-2117000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
90580000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
91939000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
396745000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
94581000 USD
pdm Paymentsfor Tenant Improvements Capital Improvementsandto Develop Real Estate Assets
PaymentsforTenantImprovementsCapitalImprovementsandtoDevelopRealEstateAssets
54952000 USD
pdm Paymentsfor Tenant Improvements Capital Improvementsandto Develop Real Estate Assets
PaymentsforTenantImprovementsCapitalImprovementsandtoDevelopRealEstateAssets
32279000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
350752000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
168342000 USD
us-gaap Increase Decrease In Lease Acquisition Costs
IncreaseDecreaseInLeaseAcquisitionCosts
23072000 USD
us-gaap Increase Decrease In Lease Acquisition Costs
IncreaseDecreaseInLeaseAcquisitionCosts
5358000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-124017000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
36124000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
409000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
88000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
840625000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
253000000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
701441000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
277663000 USD
pdm Payments For Loan Modification
PaymentsForLoanModification
525000 USD
pdm Payments For Loan Modification
PaymentsForLoanModification
0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2601000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3295000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
16899000 USD
pdm Payments Of Dividends Common Stock Distributions To Noncontrolling Interest And Discount On Dividend Reinvestment
PaymentsOfDividendsCommonStockDistributionsToNoncontrollingInterestAndDiscountOnDividendReinvestment
79360000 USD
pdm Payments Of Dividends Common Stock Distributions To Noncontrolling Interest And Discount On Dividend Reinvestment
PaymentsOfDividendsCommonStockDistributionsToNoncontrollingInterestAndDiscountOnDividendReinvestment
79924000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
56289000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-124869000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
22852000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3194000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15386000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6034000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
38238000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9228000 USD
CY2020Q2 pdm Real Estate Investments Numberof Office Markets
RealEstateInvestmentsNumberofOfficeMarkets
7 property
pdm Number Of Wholly Owned Management Subsidiaries
NumberOfWhollyOwnedManagementSubsidiaries
2 subsidiary
CY2020Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
57 property
CY2020Q2 pdm Real Estate Investments Numberof Office Markets
RealEstateInvestmentsNumberofOfficeMarkets
7 property
CY2020Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
57 property
CY2020Q2 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
17200000 sqft
CY2020Q2 pdm Real Estate Property Percentof Property Under Lease
RealEstatePropertyPercentofPropertyUnderLease
0.886
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;">Use of Estimates</span></div><div style="text-align:justify;"><span><br/></span></div><div style="text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%;">The preparation of the accompanying consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the accompanying consolidated financial statements and notes. The most significant of these estimates include the underlying cash flows and holding periods used in assessing impairment, judgements regarding the recoverability of goodwill, and the assessment of the collectibility of receivables. Future impacts of the COVID-19 pandemic on Piedmont and its tenants may affect these and other estimates used in the preparation of these financial statements. While Piedmont has made, what it believes to be, appropriate accounting estimates based on the facts and circumstances available as of the reporting date, actual results could materially differ from those estimates.</span></div>
CY2020Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
109714000 USD
CY2019Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
102637000 USD
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
221210000 USD
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
206296000 USD
CY2020Q2 us-gaap Variable Lease Income
VariableLeaseIncome
21533000 USD
CY2019Q2 us-gaap Variable Lease Income
VariableLeaseIncome
22831000 USD
us-gaap Variable Lease Income
VariableLeaseIncome
42191000 USD
us-gaap Variable Lease Income
VariableLeaseIncome
45338000 USD
CY2020Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
131247000 USD
CY2019Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
125468000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
263401000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
251634000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
41000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
41000 USD
pdm Operating Lease Weighted Average Lease Term
OperatingLeaseWeightedAverageLeaseTerm
P2Y
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0335
CY2020Q2 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
63035000 USD
CY2019Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
84292000 USD
CY2020Q2 pdm Amortization Of Intangible Lease Origination Costs And Absorption Period Costs
AmortizationOfIntangibleLeaseOriginationCostsAndAbsorptionPeriodCosts
20406000 USD
CY2019Q2 pdm Amortization Of Intangible Lease Origination Costs And Absorption Period Costs
AmortizationOfIntangibleLeaseOriginationCostsAndAbsorptionPeriodCosts
14992000 USD
pdm Amortization Of Intangible Lease Origination Costs And Absorption Period Costs
AmortizationOfIntangibleLeaseOriginationCostsAndAbsorptionPeriodCosts
40152000 USD
pdm Amortization Of Intangible Lease Origination Costs And Absorption Period Costs
AmortizationOfIntangibleLeaseOriginationCostsAndAbsorptionPeriodCosts
29176000 USD
CY2020Q2 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
3304000 USD
CY2019Q2 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
2088000 USD
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
6277000 USD
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
4086000 USD
CY2020Q2 us-gaap Below Market Lease Amortization Income Remainder Of Fiscal Year
BelowMarketLeaseAmortizationIncomeRemainderOfFiscalYear
5775000 USD
CY2020Q2 us-gaap Below Market Lease Amortization Income Next Twelve Months
BelowMarketLeaseAmortizationIncomeNextTwelveMonths
10863000 USD
CY2020Q2 us-gaap Below Market Lease Amortization Income Year Two
BelowMarketLeaseAmortizationIncomeYearTwo
8422000 USD
CY2020Q2 us-gaap Below Market Lease Amortization Income Year Three
BelowMarketLeaseAmortizationIncomeYearThree
5139000 USD
CY2020Q2 us-gaap Below Market Lease Amortization Income Year Four
BelowMarketLeaseAmortizationIncomeYearFour
3238000 USD
CY2020Q2 us-gaap Below Market Lease Amortization Income Year Five
BelowMarketLeaseAmortizationIncomeYearFive
2072000 USD
CY2020Q2 us-gaap Below Market Lease Amortization Income After Year Five
BelowMarketLeaseAmortizationIncomeAfterYearFive
5670000 USD
CY2020Q2 us-gaap Below Market Lease Net
BelowMarketLeaseNet
41179000 USD
pdm Finite Lived Intangible Liabilities Weighted Average Useful Life
FiniteLivedIntangibleLiabilitiesWeightedAverageUsefulLife
P5Y
CY2020Q1 pdm Real Estate Property Percentof Property Under Lease
RealEstatePropertyPercentofPropertyUnderLease
0.95
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-9300000 USD
CY2020Q2 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0276
CY2020Q2 us-gaap Notes And Loans Payable
NotesAndLoansPayable
1621477000 USD
CY2019Q4 us-gaap Notes And Loans Payable
NotesAndLoansPayable
1481404000 USD
CY2020Q2 us-gaap Interest Paid
InterestPaid
13000000.0 USD
CY2019Q2 us-gaap Interest Paid
InterestPaid
14300000 USD
us-gaap Interest Paid
InterestPaid
29000000.0 USD
us-gaap Interest Paid
InterestPaid
31900000 USD
CY2020Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
200000 USD
CY2019Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
600000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
400000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1100000 USD
us-gaap Maximum Length Of Time Hedged In Cash Flow Hedge1
MaximumLengthOfTimeHedgedInCashFlowHedge1
P120M
CY2020Q2 us-gaap Number Of Interest Rate Derivatives Held
NumberOfInterestRateDerivativesHeld
6 contract
CY2020Q2 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
300000000 USD
CY2020Q2 us-gaap Interest Rate Cash Flow Hedge Asset At Fair Value
InterestRateCashFlowHedgeAssetAtFairValue
0 USD
CY2019Q4 us-gaap Interest Rate Cash Flow Hedge Asset At Fair Value
InterestRateCashFlowHedgeAssetAtFairValue
0 USD
CY2020Q2 us-gaap Interest Rate Cash Flow Hedge Liability At Fair Value
InterestRateCashFlowHedgeLiabilityAtFairValue
28575000 USD
CY2019Q4 us-gaap Interest Rate Cash Flow Hedge Liability At Fair Value
InterestRateCashFlowHedgeLiabilityAtFairValue
5121000 USD
CY2020Q2 us-gaap Interest Rate Cash Flow Hedge Derivative At Fair Value Net
InterestRateCashFlowHedgeDerivativeAtFairValueNet
-28575000 USD
CY2019Q4 us-gaap Interest Rate Cash Flow Hedge Derivative At Fair Value Net
InterestRateCashFlowHedgeDerivativeAtFairValueNet
-5121000 USD
CY2020Q2 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
400000 USD
CY2019Q2 us-gaap Gain Loss On Interest Rate Cash Flow Hedge Ineffectiveness
GainLossOnInterestRateCashFlowHedgeIneffectiveness
0 USD
CY2020Q2 us-gaap Gain Loss On Interest Rate Cash Flow Hedge Ineffectiveness
GainLossOnInterestRateCashFlowHedgeIneffectiveness
0 USD
us-gaap Gain Loss On Interest Rate Cash Flow Hedge Ineffectiveness
GainLossOnInterestRateCashFlowHedgeIneffectiveness
0 USD
us-gaap Gain Loss On Interest Rate Cash Flow Hedge Ineffectiveness
GainLossOnInterestRateCashFlowHedgeIneffectiveness
0 USD
CY2020Q2 us-gaap Assets Needed For Immediate Settlement Aggregate Fair Value
AssetsNeededForImmediateSettlementAggregateFairValue
29200000 USD
CY2020Q2 pdm Number Of Unrecorded Tenant Allowance Commitments
NumberOfUnrecordedTenantAllowanceCommitments
1 Joint_Venture
CY2020Q2 pdm Unrecorded Tenant Allowance Commitment
UnrecordedTenantAllowanceCommitment
53600000 USD
pdm Unrecorded Tenant Allowance Renewal Term
UnrecordedTenantAllowanceRenewalTerm
P20Y
CY2020Q2 pdm Unrecorded Tenant Allowance Expansion Area
UnrecordedTenantAllowanceExpansionArea
520000 sqft
CY2020Q2 pdm Number Of Properties Held For Sale
NumberOfPropertiesHeldForSale
0 property
pdm Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Change In Estimated Potential Share Award
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsChangeInEstimatedPotentialShareAward
332690 shares
pdm Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Estimated Potential Share Award Weighted Average Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsEstimatedPotentialShareAwardWeightedAverageFairValue
25.83
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1241440 shares
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1600000 USD
CY2019Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4400000 USD
CY2020Q2 pdm Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Amortization Of Nonvested Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAmortizationOfNonvestedShares
1600000 USD
CY2019Q2 pdm Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Amortization Of Nonvested Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAmortizationOfNonvestedShares
2900000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5500000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6034000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8300000 USD
pdm Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Amortization Of Nonvested Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAmortizationOfNonvestedShares
4300000 USD
pdm Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Amortization Of Nonvested Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAmortizationOfNonvestedShares
6800000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
241847 shares
CY2020Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
9000000.0 USD
pdm Increase Decrease In Accrued Capital Expenditures And Deferred Lease Costs
IncreaseDecreaseInAccruedCapitalExpendituresAndDeferredLeaseCosts
16380000 USD
pdm Increase Decrease In Accrued Capital Expenditures And Deferred Lease Costs
IncreaseDecreaseInAccruedCapitalExpendituresAndDeferredLeaseCosts
11989000 USD
pdm Increase Decrease In Dividends Payable And Discounts On Dividend Reinvestments
IncreaseDecreaseInDividendsPayableAndDiscountsOnDividendReinvestments
-26427000 USD
pdm Increase Decrease In Dividends Payable And Discounts On Dividend Reinvestments
IncreaseDecreaseInDividendsPayableAndDiscountsOnDividendReinvestments
-26972000 USD
pdm Increase Decreasein Accrued Share Repurchases
IncreaseDecreaseinAccruedShareRepurchases
0 USD
pdm Increase Decreasein Accrued Share Repurchases
IncreaseDecreaseinAccruedShareRepurchases
-4417000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13545000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4571000 USD
CY2019Q4 us-gaap Restricted Cash
RestrictedCash
1841000 USD
CY2018Q4 us-gaap Restricted Cash
RestrictedCash
1463000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15386000 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
36469000 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7748000 USD
CY2020Q2 us-gaap Restricted Cash
RestrictedCash
1769000 USD
CY2019Q2 us-gaap Restricted Cash
RestrictedCash
1480000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
38238000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9228000 USD
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
46663 shares
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
104439 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
109229 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
200111 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
125975000 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
125693000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
125918000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
125634000 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
525000 shares
CY2019Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
798000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
538000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
770000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
126500000 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
126491000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
126456000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
126404000 shares

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