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Segment Reporting
 6 Months Ended
Jun. 30, 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 June 30,Six Months Ended June 30,
2024202320242023
Office segment
Office revenues$176,039 $207,291 $351,114 $413,924 
Office expenses(75,304)(76,767)(148,251)(150,821)
Office segment profit100,735 130,524 202,863 263,103 
Studio segment
Studio revenues41,961 37,877 80,909 83,507 
Studio expenses(37,952)(34,679)(75,061)(71,923)
Studio segment profit4,009 3,198 5,848 11,584 
TOTAL SEGMENT PROFIT$104,744 $133,722 $208,711 $274,687 
Segment revenues$218,000 $245,168 $432,023 $497,431 
Segment expenses(113,256)(111,446)(223,312)(222,744)
TOTAL SEGMENT PROFIT$104,744 $133,722 $208,711 $274,687 
The table below is a reconciliation of net loss to total profit from all segments:
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
NET LOSS$(47,557)$(31,474)$(100,912)$(46,293)
General and administrative20,705 18,941 40,415 37,665 
Depreciation and amortization86,798 98,935 178,652 196,074 
Loss from unconsolidated real estate entities2,481 715 3,224 1,460 
Fee income(1,371)(2,284)(2,496)(4,686)
Interest expense44,159 54,648 88,248 108,455 
Interest income(579)(236)(1,433)(607)
Management services reimbursement income—unconsolidated real estate entities(1,042)(1,059)(2,198)(2,123)
Management services expense—unconsolidated real estate entities1,042 1,059 2,198 2,123 
Transaction-related expenses(113)(2,530)2,037 (1,344)
Unrealized loss on non-real estate investments1,045 843 1,943 4 
Gain on sale of real estate— — — (7,046)
Gain on extinguishment of debt— (10,000)— (10,000)
Other income(1,334)(138)(1,477)(135)
Income tax provision510 6,302 510 1,140 
TOTAL PROFIT FROM ALL SEGMENTS$104,744 $133,722 $208,711 $274,687