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Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Operating Activity

The table below presents the operating activity of the Company’s reportable segments:

			Three Months Ended March 31,
			2024						2023
Office segment
Office revenues			$	175,075					$	206,633
Office expenses			(72,947)						(74,054)
Office segment profit			102,128						132,579
Studio segment
Studio revenues			38,948						45,630
Studio expenses			(37,109)						(37,244)
Studio segment profit			1,839						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,
			2024						2023
NET LOSS			$	(53,355)					$	(14,817)
General and administrative			19,710						18,724
Depreciation and amortization			91,854						97,139
Loss from unconsolidated real estate entities			743						745
Fee income			(1,125)						(2,402)
Interest expense			44,089						53,807
Interest income			(854)						(371)
Management services reimbursement income—unconsolidated real estate entities			(1,156)						(1,064)
Management services expense—unconsolidated real estate entities			1,156						1,064
Transaction-related expenses			2,150						1,186
Unrealized loss (gain) on non-real estate investments			898						(839)
Gain on sale of real estate			—						(7,046)
Other income			(143)						(5,161)
TOTAL PROFIT FROM ALL SEGMENTS			$	103,967					$	140,965

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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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