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Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Schedule of operating activity for reporting units

The table below presents the operating activity of the Company’s reportable segments:

			Three Months Ended March 31,
			2021						2020
Office segment
Office revenues			$	192,143					$	186,427
Office expenses			(66,562)						(63,860)
Office segment profit			125,581						122,567
Studio segment
Studio revenues			20,976						19,800
Studio expenses			(11,453)						(10,650)
Studio segment profit			9,523						9,150
TOTAL SEGMENT PROFIT			$	135,104					$	131,717
Segment revenues			$	213,119					$	206,227
Segment expenses			(78,015)						(74,510)
TOTAL SEGMENT PROFIT			$	135,104					$	131,717

The table below is a reconciliation of the total profit from all segments to net income attributable to common stockholders:

			Three Months Ended March 31
			2021						2020
NET INCOME			$	11,411					$	13,949
General and administrative			18,449						18,618
Depreciation and amortization			82,761						73,763
(Income) loss from unconsolidated real estate entities			(635)						236
Fee income			(848)						(610)
Interest expense			30,286						26,417
Interest income			(997)						(1,025)
Transaction-related expenses			—						102
Unrealized (gain) loss on non-real estate investments			(5,775)						581
Other expense (income)			452						(314)
TOTAL PROFIT FROM ALL SEGMENTS			$	135,104					$	131,717

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

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- References

No definition available.

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