XML 119 R106.htm IDEA: XBRL DOCUMENT v3.23.2
Segment Reporting - Operating Activity (Details)
3 Months Ended 6 Months Ended
Jun. 30, 2023
USD ($)
Jun. 30, 2022
USD ($)
Jun. 30, 2023
USD ($)
segment
Jun. 30, 2022
USD ($)
Segment Reporting [Abstract]        
Number of reportable segments | segment     2  
Segment Reporting Information        
Revenues $ 245,168,000 $ 251,430,000 $ 497,431,000 $ 495,943,000
Operating expenses (111,446,000) (99,244,000) (222,744,000) (191,858,000)
TOTAL PROFIT FROM ALL SEGMENTS 133,722,000 152,186,000 274,687,000 304,085,000
Net (loss) income (31,474,000) 3,546,000 (46,293,000) (4,069,000)
General and administrative 18,941,000 21,871,000 37,665,000 42,383,000
Depreciation and amortization 98,935,000 91,438,000 196,074,000 183,631,000
Loss (income) from unconsolidated real estate entities 715,000 (1,780,000) 1,460,000 (2,083,000)
Fee income (2,284,000) (1,140,000) (4,686,000) (2,211,000)
Interest expense 54,648,000 33,719,000 108,455,000 64,555,000
Interest income (236,000) (920,000) (607,000) (1,830,000)
Management services reimbursement income—unconsolidated real estate entities (1,059,000) (1,068,000) (2,123,000) (2,176,000)
Management services expense—unconsolidated real estate entities 1,059,000 1,068,000 2,123,000 2,176,000
Transaction-related expenses (2,530,000) 1,126,000 (1,344,000) 1,382,000
Unrealized loss on non-real estate investments 843,000 1,818,000 4,000 168,000
Gain on sale of real estate 0 0 (7,046,000) 0
Impairment loss 0 3,250,000 0 23,753,000
Gain on extinguishment of debt (10,000,000) 0 (10,000,000) 0
Other (income) expense (138,000) 21,000 (135,000) 9,000
Income tax provision (benefit) 6,302,000 (763,000) 1,140,000 (1,603,000)
Office        
Segment Reporting Information        
Revenues 207,291,000 216,244,000 413,924,000 427,644,000
Operating expenses (76,767,000) (78,558,000) (150,821,000) (152,189,000)
TOTAL PROFIT FROM ALL SEGMENTS 130,524,000 137,686,000 263,103,000 275,455,000
Studio        
Segment Reporting Information        
Revenues 37,877,000 35,186,000 83,507,000 68,299,000
Operating expenses (34,679,000) (20,686,000) (71,923,000) (39,669,000)
TOTAL PROFIT FROM ALL SEGMENTS $ 3,198,000 $ 14,500,000 $ 11,584,000 $ 28,630,000