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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
REVENUES      
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] Service And Other Revenue [Member] Service And Other Revenue [Member] Service And Other Revenue [Member]
Cost, Product and Service [Extensible Enumeration] Service And Other Revenue [Member] Service And Other Revenue [Member] Service And Other Revenue [Member]
Revenues $ 952,297 $ 1,026,224 $ 896,835
OPERATING EXPENSES      
Operating expenses 450,465 413,818 335,847
General and administrative 74,958 79,501 71,346
Depreciation and amortization 397,846 373,219 343,614
Total operating expenses 923,269 866,538 750,807
OTHER INCOME (EXPENSES)      
(Loss) income from unconsolidated real estate entities (3,902) 943 1,822
Fee income 6,181 7,972 3,221
Interest expense (214,415) (149,901) (121,939)
Interest income 2,182 2,340 3,794
Management services reimbursement income—unconsolidated real estate entities 4,125 4,163 1,132
Management services expense—unconsolidated real estate entities (4,125) (4,163) (1,132)
Transaction-related expenses 1,150 (14,356) (8,911)
(Gain) loss on sale of real estate 103,202 (2,164) 0
Unrealized (loss) gain on non-real estate investments (3,120) (1,440) 16,571
Impairment loss (60,158) (28,548) (2,762)
Gain (loss) on extinguishment of debt 10,000 0 (6,259)
Other (expense) income (6) 8,951 (2,553)
Loss on sale of bonds (34,046) 0 0
Total other expenses (192,932) (176,203) (117,016)
(Loss) income before income tax provision (163,904) (16,517) 29,012
Income tax provision (6,796) 0 0
NET (LOSS) INCOME (170,700) (16,517) 29,012
Net income attributable to participating securities (850) (1,194) (1,090)
Net loss (income) attributable to non-controlling interest in consolidated real estate entities 9,331 (23,418) (21,806)
Net (income) loss attributable to redeemable non-controlling interest in consolidated real estate entities (12,520) 4,964 2,902
Net loss (income) attributable to common units in the operating partnership 3,358 709 (61)
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (192,181) $ (56,499) $ 6,064
BASIC AND DILUTED PER SHARE AMOUNTS      
Net (loss) income attributable to common stockholders—basic (in dollars per share) $ (1.36) $ (0.39) $ 0.04
Net (loss) income attributable to common stockholders—diluted (in dollars per share) $ (1.36) $ (0.39) $ 0.04
Weighted average shares of common stock outstanding—basic (in shares) 140,953,088 143,732,433 151,618,282
Weighted average shares of common stock outstanding—diluted (in shares) 140,953,088 143,732,433 151,943,360
Series A preferred units      
OTHER INCOME (EXPENSES)      
Net income attributable to preferred units/share $ (612) $ (612) $ (612)
Series C preferred stock      
OTHER INCOME (EXPENSES)      
Net income attributable to preferred units/share (20,188) (20,431) (2,281)
Office      
REVENUES      
Rental 797,095 834,408 782,736
Service and other revenues 15,280 18,292 12,634
Revenues 812,375 852,700 795,370
OPERATING EXPENSES      
Operating expenses 312,018 308,668 280,334
Studio      
REVENUES      
Rental 59,276 59,672 49,985
Service and other revenues 80,646 113,852 51,480
Revenues 139,922 173,524 101,465
OPERATING EXPENSES      
Operating expenses $ 138,447 $ 105,150 $ 55,513