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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
REVENUES      
Revenues $ 896,835,000 $ 804,965,000 $ 818,182,000
Operating expenses 335,847,000 299,779,000 301,522,000
OPERATING EXPENSES      
General and administrative 71,346,000 77,882,000 71,947,000
Depreciation and amortization 343,614,000 299,682,000 282,088,000
Total operating expenses 750,807,000 677,343,000 655,557,000
OTHER INCOME (EXPENSE)      
Income (loss) from unconsolidated real estate entities 1,822,000 736,000 (747,000)
Fee income 3,221,000 2,815,000 1,459,000
Interest expense (121,939,000) (113,823,000) (105,101,000)
Interest income 3,794,000 4,089,000 4,044,000
Management services reimbursement income—unconsolidated real estate entities 1,132,000 0 0
Management services expense—unconsolidated real estate entities (1,132,000) 0 0
Transaction-related expenses (8,911,000) (440,000) (667,000)
Unrealized gain (loss) on non-real estate investments 16,571,000 (2,463,000) 0
Gains on sale of real estate 0 0 47,100,000
Impairment loss (2,762,000) 0 (52,201,000)
Loss on extinguishment of debt (6,259,000) (2,654,000) (744,000)
Other (expense) income (2,553,000) 548,000 78,000
Total other expense (117,016,000) (111,192,000) (106,779,000)
Net income 29,012,000 16,430,000 55,846,000
Net income attributable to participating securities (1,090,000) (1,041,000) (692,000)
Net income attributable to non-controlling interest in consolidated real estate entities (21,806,000) (18,955,000) (13,352,000)
Net loss attributable to redeemable non-controlling interest in consolidated real estate entities 2,902,000 4,571,000 1,994,000
Net income attributable to non-controlling interest in the operating partnership (61,000) (10,000) (459,000)
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 6,064,000 $ 383,000 $ 42,725,000
BASIC AND DILUTED PER SHARE AMOUNTS      
Net income attributable to common stockholders - basic (in dollars per share) $ 0.04 $ 0.00 $ 0.28
Net income attributable to common stockholders - diluted (in dollars per share) $ 0.04 $ 0.00 $ 0.28
Weighted average shares of common stock outstanding—basic (in shares) 151,618,282 153,126,027 154,404,427
Weighted average shares of common stock outstanding—diluted (in shares) 151,943,360 153,169,025 156,602,408
Series A units      
REVENUES      
Net income attributable to preferred units $ (612,000) $ (612,000) $ (612,000)
Series C units      
REVENUES      
Net income attributable to preferred units (2,281,000) 0 0
Office      
REVENUES      
Rental 782,736,000 721,286,000 708,564,000
Service and other revenues 12,634,000 14,633,000 25,171,000
Revenues 795,370,000 735,919,000 733,735,000
Operating expenses 280,334,000 262,199,000 256,209,000
Studio      
REVENUES      
Rental 49,985,000 48,756,000 51,340,000
Service and other revenues 51,480,000 20,290,000 33,107,000
Revenues 101,465,000 69,046,000 84,447,000
Operating expenses $ 55,513,000 $ 37,580,000 $ 45,313,000