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Segment Reporting
 3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company’s reporting segments are based on the Company’s method of internal reporting, which classifies its operations into two reportable segments: (i) office properties and related operations and (ii) studio properties and related operations. The Company evaluates performance based upon net operating income of the segment operations. General and administrative expenses and interest expense are not included in segment profit as the Company’s internal reporting addresses these items on a corporate level. Asset information by segment is not reported because the Company does not use this measure to assess performance or make decisions to allocate resources; therefore, depreciation and amortization expense is not allocated among segments.

The table below presents the operating activity of the Company’s reportable segments:
Three Months Ended March 31,
20242023
Office segment
Office revenues$175,075 $206,633 
Office expenses(72,947)(74,054)
Office segment profit102,128 132,579 
Studio segment
Studio revenues38,948 45,630 
Studio expenses(37,109)(37,244)
Studio segment profit1,839 8,386 
TOTAL SEGMENT PROFIT$103,967 $140,965 
Segment revenues$214,023 $252,263 
Segment expenses(110,056)(111,298)
TOTAL SEGMENT PROFIT$103,967 $140,965 
The table below is a reconciliation of net loss to total profit from all segments:
Three Months Ended March 31,
20242023
NET LOSS$(53,355)$(14,817)
General and administrative19,710 18,724 
Depreciation and amortization91,854 97,139 
Loss from unconsolidated real estate entities743 745 
Fee income(1,125)(2,402)
Interest expense44,089 53,807 
Interest income(854)(371)
Management services reimbursement income—unconsolidated real estate entities(1,156)(1,064)
Management services expense—unconsolidated real estate entities1,156 1,064 
Transaction-related expenses2,150 1,186 
Unrealized loss (gain) on non-real estate investments898 (839)
Gain on sale of real estate— (7,046)
Other income(143)(5,161)
TOTAL PROFIT FROM ALL SEGMENTS$103,967 $140,965