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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUES    
Revenues $ 244,513,000 $ 213,119,000
OPERATING EXPENSES    
Operating expenses 92,614,000 78,015,000
General and administrative 20,512,000 18,449,000
Depreciation and amortization 92,193,000 82,761,000
Total operating expenses 205,319,000 179,225,000
OTHER INCOME (EXPENSE)    
Income from unconsolidated real estate entities 303,000 635,000
Fee income 1,071,000 848,000
Interest expense (30,836,000) (30,286,000)
Interest income 910,000 997,000
Management services reimbursement income—unconsolidated real estate entities 1,108,000 0
Management services expense—unconsolidated real estate entities (1,108,000) 0
Transaction-related expenses (256,000) 0
Unrealized gain on non-real estate investments 1,650,000 5,775,000
Impairment loss (20,503,000) 0
Other income (expense) 852,000 (452,000)
Total other expense (46,809,000) (22,483,000)
Net (loss) income (7,615,000) 11,411,000
Net income attributable to participating securities (294,000) (278,000)
Net income attributable to non-controlling interest in consolidated real estate entities (8,561,000) (6,630,000)
Net loss attributable to redeemable non-controlling interest in consolidated real estate entities 1,890,000 682,000
Net loss (income) attributable to non-controlling interest in the operating partnership 230,000 (50,000)
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (19,793,000) $ 4,982,000
BASIC AND DILUTED PER SHARE AMOUNTS    
Net (loss) income attributable to common stockholders - basic (in dollars per share) $ (0.13) $ 0.03
Net (loss) income attributable to common stockholders - diluted (in dollars per share) $ (0.13) $ 0.03
Weighted average shares of common stock outstanding—basic (in shares) 149,187,994 150,823,605
Weighted average shares of common stock outstanding—diluted (in shares) 149,187,994 151,141,079
Series A units    
OTHER INCOME (EXPENSE)    
Net income attributable to preferred units $ (153,000) $ (153,000)
Series C units    
OTHER INCOME (EXPENSE)    
Net income attributable to preferred units (5,290,000) 0
Office    
REVENUES    
Rental 206,192,000 189,861,000
Service and other revenues 5,208,000 2,282,000
Revenues 211,400,000 192,143,000
OPERATING EXPENSES    
Operating expenses 73,631,000 66,562,000
Studio    
REVENUES    
Rental 13,394,000 12,153,000
Service and other revenues 19,719,000 8,823,000
Revenues 33,113,000 20,976,000
OPERATING EXPENSES    
Operating expenses $ 18,983,000 $ 11,453,000