Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2017

The following tables provide components of segment profit for each segment for the three months ended March 31, 2017 and 2016 (amounts in thousands):



	Three Months Ended March 31, 2017
	Real Estate			Observatory		Intersegment Elimination			Total
Revenues:
Rental revenue	$	117,113		$	—	$	—		$	117,113
Intercompany rental revenue	13,378			—		(13,378		)	—
Tenant expense reimbursement	15,974			—		—			15,974
Observatory revenue	—			20,940		—			20,940
Third-party management and other fees	351			—		—			351
Other revenue and fees	10,576			—		—			10,576
Total revenues	157,392			20,940		(13,378		)	164,954
Operating expenses:
Property operating expenses	42,210			—		—			42,210
Intercompany rent expense	—			13,378		(13,378		)	—
Ground rent expense	2,331			—		—			2,331
General and administrative expenses	11,088			—		—			11,088
Observatory expenses	—			7,255		—			7,255
Real estate taxes	24,558			—		—			24,558
Depreciation and amortization	40,833			13		—			40,846
Total operating expenses	121,020			20,646		(13,378		)	128,288
Total operating income	36,372			294		—			36,666
Other expense:
Interest expense	(17,742		)	—		—			(17,742		)
Loss from derivative financial instruments	(247		)	—		—			(247		)
Income before income taxes	18,383			294		—			18,677
Income tax (expense) benefit	(283		)	751		—			468
Net income	$	18,100		$	1,045	$	—		$	19,145
Segment assets	$	3,617,276		$	248,900	$	—		$	3,866,176
Expenditures for segment assets	$	48,054		$	6	$	—		$	48,060



	Three Months Ended March 31, 2016
	Real Estate			Observatory			Intersegment Elimination			Total
Revenues:
Rental revenue	$	114,908		$	—		$	—		$	114,908
Intercompany rental revenue	13,718			—			(13,718		)	—
Tenant expense reimbursement	18,120			—			—			18,120
Observatory revenue	—			21,181			—			21,181
Third-party management and other fees	545			—			—			545
Other revenue and fees	2,320			—			—			2,320
Total revenues	149,611			21,181			(13,718		)	157,074
Operating expenses:
Property operating expenses	39,104			—			—			39,104
Intercompany rent expense	—			13,718			(13,718		)	—
Ground rent expense	2,333			—			—			2,333
General and administrative expenses	10,918			—			—			10,918
Observatory expenses	—			7,755			—			7,755
Real estate taxes	23,525			—			—			23,525
Acquisition expenses	98			—			—			98
Depreciation and amortization	39,130			97			—			39,227
Total operating expenses	115,108			21,570			(13,718		)	122,960
Total operating income (loss)	34,503			(389		)	—			34,114
Interest expense	(17,951		)	—			—			(17,951		)
Income before income taxes	16,552			(389		)	—			16,163
Income tax (expense) benefit	(405		)	947			—			542
Net income	$	16,147		$	558		$	—		$	16,705
Segment assets	$	3,015,802		$	247,569		$	—		$	3,263,371
Expenditures for segment assets	$	23,458		$	—		$	—		$	23,458