XML 116 R104.htm IDEA: XBRL DOCUMENT v3.22.2
Segment Reporting - Operating Activity (Details)
 3 Months Ended 6 Months Ended
Jun. 30, 2022
USD ($)
Jun. 30, 2021
USD ($)
Jun. 30, 2022
USD ($)
segment
Jun. 30, 2021
USD ($)
Segment Reporting [Abstract]        
Number of reportable segments | segment     2  
Segment Reporting Information        
Revenues $ 251,430,000 $ 215,602,000 $ 495,943,000 $ 428,721,000
Operating expenses (99,244,000) (81,577,000) (191,858,000) (159,592,000)
TOTAL PROFIT FROM ALL SEGMENTS 152,186,000 134,025,000 304,085,000 269,129,000
Net income (loss) 3,546,000 7,030,000 (4,069,000) 18,441,000
General and administrative 21,871,000 17,109,000 42,383,000 35,558,000
Depreciation and amortization 91,438,000 84,178,000 183,631,000 166,939,000
Income from unconsolidated real estate entities (1,780,000) (470,000) (2,083,000) (1,105,000)
Fee income (1,140,000) (797,000) (2,211,000) (1,645,000)
Interest expense 33,719,000 30,689,000 64,555,000 60,975,000
Interest income (920,000) (937,000) (1,830,000) (1,934,000)
Management services reimbursement income—unconsolidated real estate entities (1,068,000) (626,000) (2,176,000) (626,000)
Management services expense—unconsolidated real estate entities 1,068,000 626,000 2,176,000 626,000
Transaction-related expenses 1,126,000 1,064,000 1,382,000 1,064,000
Unrealized loss (gain) on non-real estate investments 1,818,000 (5,018,000) 168,000 (10,793,000)
Impairment loss 3,250,000 0 23,753,000 0
Other (income) expense (742,000) 1,177,000 (1,594,000) 1,629,000
Gross Profit 152,186,000 134,025,000 304,085,000 269,129,000
Office        
Segment Reporting Information        
Revenues 216,244,000 195,703,000 427,644,000 387,846,000
Operating expenses (78,558,000) (69,111,000) (152,189,000) (135,673,000)
TOTAL PROFIT FROM ALL SEGMENTS 137,686,000 126,592,000 275,455,000 252,173,000
Gross Profit 137,686,000 126,592,000 275,455,000 252,173,000
Studio        
Segment Reporting Information        
Revenues 35,186,000 19,899,000 68,299,000 40,875,000
Operating expenses (20,686,000) (12,466,000) (39,669,000) (23,919,000)
TOTAL PROFIT FROM ALL SEGMENTS 14,500,000 7,433,000 28,630,000 16,956,000
Gross Profit $ 14,500,000 $ 7,433,000 $ 28,630,000 $ 16,956,000