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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
REVENUES    
Revenues $ 252,263,000 $ 244,513,000
OPERATING EXPENSES    
Operating expenses 111,298,000 92,614,000
General and administrative 18,724,000 20,512,000
Depreciation and amortization 97,139,000 92,193,000
Total operating expenses 227,161,000 205,319,000
OTHER INCOME (EXPENSES)    
(Loss) income from unconsolidated real estate entities (745,000) 303,000
Fee income 2,402,000 1,071,000
Interest expense (53,807,000) (30,836,000)
Interest income 371,000 910,000
Management services reimbursement income—unconsolidated real estate entities 1,064,000 1,108,000
Management services expense—unconsolidated real estate entities (1,064,000) (1,108,000)
Transaction-related expenses (1,186,000) (256,000)
Unrealized gain on non-real estate investments 839,000 1,650,000
Gain on sale of real estate 7,046,000 0
Impairment loss 0 (20,503,000)
Other income 5,161,000 852,000
Total other expenses (39,919,000) (46,809,000)
Net loss (14,817,000) (7,615,000)
Net income attributable to participating securities (553,000) (294,000)
Net income attributable to non-controlling interest in consolidated real estate entities (1,031,000) (8,561,000)
Net loss attributable to redeemable non-controlling interest in consolidated real estate entities 894,000 1,890,000
Net loss attributable to common units in the operating partnership 282,000 230,000
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (20,425,000) $ (19,793,000)
BASIC AND DILUTED PER SHARE AMOUNTS    
Net loss attributable to common stockholders—basic (in dollars per share) $ (0.14) $ (0.13)
Net loss attributable to common stockholders—diluted (in dollars per share) $ (0.14) $ (0.13)
Weighted average shares of common stock outstanding—basic (in shares) 141,025,021 149,187,994
Weighted average shares of common stock outstanding—diluted (in shares) 141,025,021 149,187,994
Series A preferred units    
OTHER INCOME (EXPENSES)    
Net income attributable to preferred units $ (153,000) $ (153,000)
Series C preferred stock    
OTHER INCOME (EXPENSES)    
Net income attributable to preferred units (5,047,000) (5,290,000)
Office    
REVENUES    
Rental 202,657,000 206,192,000
Service and other revenues 3,976,000 5,208,000
Revenues 206,633,000 211,400,000
OPERATING EXPENSES    
Operating expenses 74,054,000 73,631,000
Studio    
REVENUES    
Rental 16,253,000 13,394,000
Service and other revenues 29,377,000 19,719,000
Revenues 45,630,000 33,113,000
OPERATING EXPENSES    
Operating expenses $ 37,244,000 $ 18,983,000