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Stock-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Key Components of OPP Plan | The following table outlines key components of the 2024 market-based awards:
| Market-Based Performance Unit |  |
Maximum bonus pool, in millions | $25.5 |  |
Performance period | 1/1/2026 to 12/31/2030 |  |
Vesting period | 1/1/2024 to 1/1/2029 |  |
The following table outlines key components of the 2023 PSU Plan:
| Operational Performance Unit |  |
Maximum bonus pool, in millions | $15.0 |  |
Performance period | 1/1/2023 to 12/31/2023 |  |
The following table outlines key components of the 2022 PSU Plan:
| Operational Performance Unit |  | Relative TSR Performance Unit
Maximum bonus pool, in millions | $15.0 |  | $15.0
Performance period | 1/1/2022 to 12/31/2022 |  | 1/1/2022 to 12/31/2024
Schedule of Valuation Assumptions | The per unit fair value of the 2024 market-based awards and the 2023 and 2022 PSU awards granted was estimated on the date of grant using the following assumptions in the Monte Carlo simulation:
| 2024 |  | 2023 |  | 2022
Expected price volatility for the Company | 41.00% |  | 40.00% |  | 43.00%
Expected price volatility for the particular REIT index | N/A |  | 27.00% |  | 33.00%
Risk-free rate | 3.89% |  | 3.44% |  | 1.72%
Dividend yield | 3.00 - 6.00% |  | 5.40% |  | 3.60%
Schedule of Activity and Status of Unvested Stock Awards | The following table summarizes the activity and status of all unvested stock awards:
|  | 2024 |  | 2023 |  | 2022
|  | Shares |  | Weighted-Average Grant-Date Fair Value |  | Shares |  | Weighted-Average Grant-Date Fair Value |  | Shares |  | Weighted-Average Grant-Date Fair Value
Unvested at January 1 |  | 693,835 |  |  | $ | 9.89 |  |  | 309,837 |  |  | $ | 23.14 |  |  | 507,534 |  |  | $ | 25.17 |
Granted |  | 195,240 |  |  | 5.77 |  |  | 618,316 |  |  | 7.54 |  |  | 50,915 |  |  | 20.15 |
Vested |  | (286,869) |  |  | 11.95 |  |  | (198,430) |  |  | 23.61 |  |  | (234,741) |  |  | 26.81 |
Canceled |  | (20,798) |  |  | 13.51 |  |  | (35,888) |  |  | 7.83 |  |  | (13,871) |  |  | 24.42 |
Unvested at December 31 |  | 581,408 |  |  | $ | 7.37 |  |  | 693,835 |  |  | $ | 9.89 |  |  | 309,837 |  |  | $ | 23.14 |
Schedule of Activity and Status of Unvested Performance Units | The following table summarizes the activity and status of all unvested time-based restricted operating partnership performance units:
| 2024 |  | 2023 |  | 2022
| Units |  | Weighted-Average Grant-Date Fair Value |  | Units |  | Weighted-Average Grant-Date Fair Value |  | Units |  | Weighted-Average Grant-Date Fair Value
Unvested at January 1 | 1,271,899 |  |  | $ | 9.82 |  |  | 357,656 |  |  | $ | 22.53 |  |  | 681,394 |  |  | $ | 24.91 |
Granted | 3,010,397 |  |  | 7.28 |  |  | 1,422,893 |  |  | 8.16 |  |  | 25,206 |  |  | 11.98 |
Vested | (808,717) |  |  | 9.08 |  |  | (508,650) |  |  | 14.11 |  |  | (348,944) |  |  | 26.42 |
Canceled | (172,947) |  |  | 7.46 |  |  | — |  |  | — |  |  | — |  |  | — |
Unvested at December 31 | 3,300,632 |  |  | $ | 7.81 |  |  | 1,271,899 |  |  | $ | 9.82 |  |  | 357,656 |  |  | $ | 22.53 |
Schedule of Stock-based Compensation Related to Company's Awards | The following table presents the classification and amount recognized for stock-based compensation related to the Company’s awards:
| For the Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Expensed stock compensation(1) | $ | 26,009 |  |  | $ | 23,863 |  |  | $ | 24,296 |
Capitalized stock compensation(2) | 2,160 |  |  | 3,021 |  |  | 3,354 |
Total stock compensation(3) | $ | 28,169 |  |  | $ | 26,884 |  |  | $ | 27,650 |
_________________ 1.Amounts are recorded in general and administrative expenses, office operating expenses and studio operating expenses on the Consolidated Statements of Operations. 2.Amounts are recorded in investment in real estate, at cost on the Consolidated Balance Sheets. 3.Amounts are recorded in additional paid-in capital and non-controlling interest—units in the operating partnership on the Consolidated Balance Sheets.

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- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Subparagraph (c) -Paragraph 2 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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