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Revenue Recognition
6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Below is a summary of our revenues by segment. Additional financial information related to these reportable segments for the three and six months ended June 30, 2026 and 2025 is set forth in Note 19 - Segment Information.
(Amounts in thousands)For the Three Months Ended June 30, 2026For the Three Months Ended June 30, 2025
Total
New York(1)
Other(1)
Total
New York(1)
Other(1)
Property rentals$380,255 $313,900 $66,355 $360,167 $289,746 $70,421 
Trade shows6,577 — 6,577 6,415 — 6,415 
Sales-type lease income2,537 2,537 — 1,594 1,594 — 
Lease revenues(2)
389,369 316,437 72,932 368,176 291,340 76,836 
Tenant services10,497 7,373 3,124 9,084 6,497 2,587 
Parking revenues5,207 4,019 1,188 4,992 3,941 1,051 
Rental revenues
405,073 327,829 77,244 382,252 301,778 80,474 
BMS cleaning fees33,344 35,848 (2,504)
(3)
37,431 39,744 (2,313)
(3)
Management and leasing fees2,658 2,701 (43)2,926 3,150 (224)
Other income21,167 13,938 7,229 18,828 11,850 6,978 
Fee and other income
57,169 52,487 4,682 59,185 54,744 4,441 
Total revenues
$462,242 $380,316 $81,926 $441,437 $356,522 $84,915 
_________________
See notes below
(Amounts in thousands)For the Six Months Ended June 30, 2026For the Six Months Ended June 30, 2025
Total
New York(1)
Other(1)
Total
New York(1)
Other(1)
Property rentals$753,610 $619,423 $134,187 $742,681 $600,434 $142,247 
Trade shows13,179 — 13,179 12,851 — 12,851 
Sales-type lease income5,067 5,067 — 1,594 1,594 — 
Lease revenues(2)
771,856 624,490 147,366 757,126 602,028 155,098 
Tenant services22,029 15,837 6,192 20,019 14,657 5,362 
Parking revenues10,372 8,047 2,325 9,862 7,765 2,097 
Rental revenues
804,257 648,374 155,883 787,007 624,450 162,557 
BMS cleaning fees72,687 77,917 (5,230)
(3)
73,907 78,241 (4,334)
(3)
Management and leasing fees5,373 5,623 (250)5,956 6,355 (399)
Other income39,030 25,888 13,142 36,146 22,022 14,124 
Fee and other income
117,090 109,428 7,662 116,009 106,618 9,391 
Total revenues
$921,347 $757,802 $163,545 $903,016 $731,068 $171,948 
________________
(1)We have recast certain prior period disclosures to reflect changes to the property composition of our reportable segments. See Note 2 - Basis of Presentation for additional information.
(2)The components of lease revenues were as follows:
For the Three Months Ended June 30,For the Six Months Ended June 30,
2026202520262025
Fixed billings$351,283 $341,263 $691,923 $690,139 
Variable billings35,549 25,319 74,866 65,393 
Total contractual operating lease billings386,832 366,582 766,789 755,532 
Sales-type lease income2,537 1,594 5,067 1,594 
Lease revenues$389,369 $368,176 $771,856 $757,126 
(3)Represents the elimination of Building Maintenance Services LLC ("BMS") cleaning fees related to THE MART and 555 California Street which are included as income in the New York segment.