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Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2022
Segment Reporting [Abstract] |
Schedule of Segment Information | The table below presents the operating activity of the Company’s reportable segments:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Office segment |  |  |  |  |  |  |
Office revenues | $ | 216,244 |  |  | $ | 195,703 |  |  | $ | 427,644 |  |  | $ | 387,846 |
Office expenses | (78,558) |  |  | (69,111) |  |  | (152,189) |  |  | (135,673) |
Office segment profit | 137,686 |  |  | 126,592 |  |  | 275,455 |  |  | 252,173 |
Studio segment |  |  |  |  |  |  |
Studio revenues | 35,186 |  |  | 19,899 |  |  | 68,299 |  |  | 40,875 |
Studio expenses | (20,686) |  |  | (12,466) |  |  | (39,669) |  |  | (23,919) |
Studio segment profit | 14,500 |  |  | 7,433 |  |  | 28,630 |  |  | 16,956 |
TOTAL SEGMENT PROFIT | $ | 152,186 |  |  | $ | 134,025 |  |  | $ | 304,085 |  |  | $ | 269,129 |
Segment revenues | $ | 251,430 |  |  | $ | 215,602 |  |  | $ | 495,943 |  |  | $ | 428,721 |
Segment expenses | (99,244) |  |  | (81,577) |  |  | (191,858) |  |  | (159,592) |
TOTAL SEGMENT PROFIT | $ | 152,186 |  |  | $ | 134,025 |  |  | $ | 304,085 |  |  | $ | 269,129 |
The table below is a reconciliation of the total profit from all segments to net income:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
NET INCOME (LOSS) | $ | 3,546 |  |  | $ | 7,030 |  |  | $ | (4,069) |  |  | $ | 18,441 |
General and administrative | 21,871 |  |  | 17,109 |  |  | 42,383 |  |  | 35,558 |
Depreciation and amortization | 91,438 |  |  | 84,178 |  |  | 183,631 |  |  | 166,939 |
Income from unconsolidated real estate entities | (1,780) |  |  | (470) |  |  | (2,083) |  |  | (1,105) |
Fee income | (1,140) |  |  | (797) |  |  | (2,211) |  |  | (1,645) |
Interest expense | 33,719 |  |  | 30,689 |  |  | 64,555 |  |  | 60,975 |
Interest income | (920) |  |  | (937) |  |  | (1,830) |  |  | (1,934) |
Management services reimbursement income—unconsolidated real estate entities | (1,068) |  |  | (626) |  |  | (2,176) |  |  | (626) |
Management services expense—unconsolidated real estate entities | 1,068 |  |  | 626 |  |  | 2,176 |  |  | 626 |
Transaction-related expenses | 1,126 |  |  | 1,064 |  |  | 1,382 |  |  | 1,064 |
Unrealized loss (gain) on non-real estate investments | 1,818 |  |  | (5,018) |  |  | 168 |  |  | (10,793) |
Impairment loss | 3,250 |  |  | — |  |  | 23,753 |  |  | — |
Other (income) expense | (742) |  |  | 1,177 |  |  | (1,594) |  |  | 1,629 |
TOTAL PROFIT FROM ALL SEGMENTS | $ | 152,186 |  |  | $ | 134,025 |  |  | $ | 304,085 |  |  | $ | 269,129 |

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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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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