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Condensed Consolidated Statements of Operations (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Rental revenue $ 140,797 $ 137,999 $ 281,028 $ 286,112
Observatory revenue 8,359 86 10,962 19,630
Lease termination fees 3,339 1,033 4,628 1,244
Third-party management and other fees 327 301 603 647
Other revenue and fees 586 1,611 1,491 3,621
Total revenues 153,408 141,030 298,712 311,254
Operating expenses:        
Property operating expenses 28,793 29,750 59,072 71,218
Ground rent expenses 2,332 2,332 4,663 4,663
General and administrative expenses 14,089 18,149 27,942 34,100
Observatory expenses 5,268 4,002 9,856 12,156
Real estate taxes 31,354 29,579 62,801 58,833
Impairment charges 0 4,101 0 4,101
Depreciation and amortization 45,088 52,783 89,545 98,876
Total operating expenses 126,924 140,696 253,879 283,947
Total operating income (loss) 26,484 334 44,833 27,307
Other income (expense):        
Interest income 164 1,526 286 2,163
Interest expense (23,422) (23,928) (46,976) (43,546)
Loss on early extinguishment of debt 0 0 (214) (86)
Income (loss) before income taxes 3,226 (22,068) (2,071) (14,162)
Income tax benefit 1,185 2,450 3,291 2,832
Net income (loss) 4,411 (19,618) 1,220 (11,330)
Private perpetual preferred unit distributions (1,051) (1,047) (2,101) (2,097)
Net income (loss) attributable to common unitholders $ 3,360 $ (20,665) $ (881) $ (13,427)
Total weighted average units:        
Basic (in shares) 277,893 283,384 277,887 288,015
Diluted (in shares) 278,436 283,384 277,887 288,015
Earnings (loss) per unit attributable to common unitholders:        
Basic (in USD per share) $ 0.01 $ (0.07) $ (0.00) $ (0.05)
Diluted (in USD per share) 0.01 (0.07) (0.00) (0.05)
Dividends per unit ((in USD per share) $ 0.035 $ 0.105 $ 0.035 $ 0.210