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Segment Reporting
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Segment Reporting Segment ReportingThe Company’s reporting segments are based on the Company’s method of internal reporting, which classifies its operations into two reportable segments: (i) office properties and related operations and (ii) studio properties and related
operations. The Company evaluates performance based upon net operating income of the segment operations. General and administrative expenses and interest expense are not included in segment profit as the Company’s internal reporting addresses these items on a corporate level. Asset information by segment is not reported because the Company does not use this measure to assess performance or make decisions to allocate resources; therefore, depreciation and amortization expense is not allocated among segments.

The table below presents the operating activity of the Company’s reportable segments:
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Office segment
Office revenues$216,244 $195,703 $427,644 $387,846 
Office expenses(78,558)(69,111)(152,189)(135,673)
Office segment profit137,686 126,592 275,455 252,173 
Studio segment
Studio revenues35,186 19,899 68,299 40,875 
Studio expenses(20,686)(12,466)(39,669)(23,919)
Studio segment profit14,500 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,
2022202120222021
NET INCOME (LOSS)$3,546 $7,030 $(4,069)$18,441 
General and administrative21,871 17,109 42,383 35,558 
Depreciation and amortization91,438 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 expense33,719 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 entities1,068 626 2,176 626 
Transaction-related expenses1,126 1,064 1,382 1,064 
Unrealized loss (gain) on non-real estate investments1,818 (5,018)168 (10,793)
Impairment loss3,250 — 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