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Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 2023
Segment Reporting [Abstract] |
Schedule of Operating Activity | The table below presents the operating activity of the Company’s reportable segments:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Office segment |  |  |  |  |  |  |
Office revenues | $ | 203,587 |  |  | $ | 213,491 |  |  | $ | 617,511 |  |  | $ | 641,135 |
Office expenses | (80,521) |  |  | (78,340) |  |  | (231,342) |  |  | (230,529) |
Office segment profit | 123,066 |  |  | 135,151 |  |  | 386,169 |  |  | 410,606 |
Studio segment |  |  |  |  |  |  |
Studio revenues | 27,856 |  |  | 46,863 |  |  | 111,363 |  |  | 115,162 |
Studio expenses | (31,655) |  |  | (26,688) |  |  | (103,578) |  |  | (66,357) |
Studio segment (loss) profit | (3,799) |  |  | 20,175 |  |  | 7,785 |  |  | 48,805 |
TOTAL SEGMENT PROFIT | $ | 119,267 |  |  | $ | 155,326 |  |  | $ | 393,954 |  |  | $ | 459,411 |
Segment revenues | $ | 231,443 |  |  | $ | 260,354 |  |  | $ | 728,874 |  |  | $ | 756,297 |
Segment expenses | (112,176) |  |  | (105,028) |  |  | (334,920) |  |  | (296,886) |
TOTAL SEGMENT PROFIT | $ | 119,267 |  |  | $ | 155,326 |  |  | $ | 393,954 |  |  | $ | 459,411 |
The table below is a reconciliation of the total profit from all segments to net (loss) income:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
NET LOSS | $ | (35,752) |  |  | $ | (6,792) |  |  | $ | (82,046) |  |  | $ | (10,861) |
General and administrative | 17,512 |  |  | 19,795 |  |  | 55,177 |  |  | 62,178 |
Depreciation and amortization | 98,580 |  |  | 93,070 |  |  | 294,654 |  |  | 276,701 |
Loss (income) from unconsolidated real estate entities | 759 |  |  | 352 |  |  | 2,219 |  |  | (1,731) |
Fee income | (340) |  |  | (911) |  |  | (5,026) |  |  | (3,122) |
Interest expense | 53,581 |  |  | 37,261 |  |  | 162,036 |  |  | 101,816 |
Interest income | (800) |  |  | (196) |  |  | (1,407) |  |  | (2,026) |
Management services reimbursement income—unconsolidated real estate entities | (1,015) |  |  | (983) |  |  | (3,138) |  |  | (3,159) |
Management services expense—unconsolidated real estate entities | 1,015 |  |  | 983 |  |  | 3,138 |  |  | 3,159 |
Transaction-related expenses | — |  |  | 9,331 |  |  | (1,344) |  |  | 10,713 |
Unrealized loss on non-real estate investments | 2,265 |  |  | 894 |  |  | 2,269 |  |  | 1,062 |
(Gain) loss on sale of real estate | (16,108) |  |  | 180 |  |  | (23,154) |  |  | 180 |
Impairment loss | — |  |  | 4,795 |  |  | — |  |  | 28,548 |
Gain on extinguishment of debt | — |  |  | — |  |  | (10,000) |  |  | — |
Other income | (5) |  |  | (1,147) |  |  | (139) |  |  | (1,138) |
Income tax (benefit) provision | (425) |  |  | (1,306) |  |  | 715 |  |  | (2,909) |
TOTAL PROFIT FROM ALL SEGMENTS | $ | 119,267 |  |  | $ | 155,326 |  |  | $ | 393,954 |  |  | $ | 459,411 |

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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 + Details
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