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Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 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 September 30, |  | Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Office segment |  |  |  |  |  |  |
Office revenues | $ | 201,866 |  |  | $ | 180,716 |  |  | $ | 589,712 |  |  | $ | 551,451 |
Office expenses | (71,865) |  |  | (66,075) |  |  | (207,538) |  |  | (194,546) |
Office segment profit | 130,001 |  |  | 114,641 |  |  | 382,174 |  |  | 356,905 |
Studio segment |  |  |  |  |  |  |
Studio revenues | 25,766 |  |  | 15,569 |  |  | 66,641 |  |  | 49,671 |
Studio expenses | (12,044) |  |  | (9,034) |  |  | (35,963) |  |  | (27,635) |
Studio segment profit | 13,722 |  |  | 6,535 |  |  | 30,678 |  |  | 22,036 |
TOTAL SEGMENT PROFIT | $ | 143,723 |  |  | $ | 121,176 |  |  | $ | 412,852 |  |  | $ | 378,941 |
Segment revenues | $ | 227,632 |  |  | $ | 196,285 |  |  | $ | 656,353 |  |  | $ | 601,122 |
Segment expenses | (83,909) |  |  | (75,109) |  |  | (243,501) |  |  | (222,181) |
TOTAL SEGMENT PROFIT | $ | 143,723 |  |  | $ | 121,176 |  |  | $ | 412,852 |  |  | $ | 378,941 |
The table below is a reconciliation of the total profit from all segments to net income attributable to common stockholders:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
NET (LOSS) INCOME | $ | (6,182) |  |  | $ | (1,362) |  |  | $ | 12,259 |  |  | $ | 19,598 |
General and administrative | 18,288 |  |  | 17,428 |  |  | 53,846 |  |  | 53,943 |
Depreciation and amortization | 88,568 |  |  | 75,052 |  |  | 255,507 |  |  | 222,331 |
(Income) loss from unconsolidated real estate entities | (566) |  |  | 105 |  |  | (1,671) |  |  | (69) |
Fee income | (678) |  |  | (575) |  |  | (2,323) |  |  | (1,741) |
Interest expense | 30,825 |  |  | 29,838 |  |  | 91,800 |  |  | 84,185 |
Interest income | (934) |  |  | (1,056) |  |  | (2,868) |  |  | (3,129) |
Management services reimbursement income—unconsolidated real estate entities | (253) |  |  | — |  |  | (879) |  |  | — |
Management services expense—unconsolidated real estate entities | 253 |  |  | — |  |  | 879 |  |  | — |
Transaction-related expenses | 6,300 |  |  | 181 |  |  | 7,364 |  |  | 440 |
Unrealized (gain) loss on non-real estate investments | (827) |  |  | (513) |  |  | (11,620) |  |  | 2,335 |
Impairment loss | 2,762 |  |  | — |  |  | 2,762 |  |  | — |
Loss on extinguishment of debt | 6,249 |  |  | 2,654 |  |  | 6,249 |  |  | 2,654 |
Other (income) expense | (82) |  |  | (576) |  |  | 1,547 |  |  | (1,606) |
TOTAL PROFIT FROM ALL SEGMENTS | $ | 143,723 |  |  | $ | 121,176 |  |  | $ | 412,852 |  |  | $ | 378,941 |

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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=123359005&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=123359005&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=123359005&loc=d3e8906-108599 + Details
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