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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2023

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,
			2023						2022						2023						2022
Office segment
Office revenues			$	207,291					$	216,244					$	413,924					$	427,644
Office expenses			(76,767)						(78,558)						(150,821)						(152,189)
Office segment profit			130,524						137,686						263,103						275,455
Studio segment
Studio revenues			37,877						35,186						83,507						68,299
Studio expenses			(34,679)						(20,686)						(71,923)						(39,669)
Studio segment profit			3,198						14,500						11,584						28,630
TOTAL SEGMENT PROFIT			$	133,722					$	152,186					$	274,687					$	304,085
Segment revenues			$	245,168					$	251,430					$	497,431					$	495,943
Segment expenses			(111,446)						(99,244)						(222,744)						(191,858)
TOTAL SEGMENT PROFIT			$	133,722					$	152,186					$	274,687					$	304,085

The table below is a reconciliation of the total profit from all segments to net (loss) income:

			Three Months Ended June 30,												Six Months Ended June 30,
			2023						2022						2023						2022
NET (LOSS) INCOME			$	(31,474)					$	3,546					$	(46,293)					$	(4,069)
General and administrative			18,941						21,871						37,665						42,383
Depreciation and amortization			98,935						91,438						196,074						183,631
Loss (income) from unconsolidated real estate entities			715						(1,780)						1,460						(2,083)
Fee income			(2,284)						(1,140)						(4,686)						(2,211)
Interest expense			54,648						33,719						108,455						64,555
Interest income			(236)						(920)						(607)						(1,830)
Management services reimbursement income—unconsolidated real estate entities			(1,059)						(1,068)						(2,123)						(2,176)
Management services expense—unconsolidated real estate entities			1,059						1,068						2,123						2,176
Transaction-related expenses			(2,530)						1,126						(1,344)						1,382
Unrealized loss on non-real estate investments			843						1,818						4						168
Gain on sale of real estate			—						—						(7,046)						—
Impairment loss			—						3,250						—						23,753
Gain on extinguishment of debt			(10,000)						—						(10,000)						—
Other (income) expense			(138)						21						(135)						9
Income tax provision (benefit)			6,302						(763)						1,140						(1,603)
TOTAL PROFIT FROM ALL SEGMENTS			$	133,722					$	152,186					$	274,687					$	304,085

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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
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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- References

No definition available.

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