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Segment Reporting (Tables)

6 Months Ended

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

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- References

No definition available.

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