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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Rental revenue $ 614,596 $ 597,319 $ 591,048
Observatory revenue 136,377 129,366 105,978
Lease termination fees 4,771 0 20,032
Third-party management and other fees 1,170 1,351 1,361
Other revenue and fees 11,009 11,536 8,622
Total revenues 767,923 739,572 727,041
Operating expenses:      
Property operating expenses 179,175 167,324 157,935
Ground rent expenses 9,326 9,326 9,326
General and administrative expenses 70,234 63,939 61,765
Observatory expenses 36,834 35,265 31,036
Real estate taxes 128,826 127,101 123,057
Depreciation and amortization 184,818 189,911 216,894
Total operating expenses 609,213 592,866 600,013
Total operating income 158,710 146,706 127,028
Other income (expense):      
Interest income 21,298 15,136 4,948
Interest expense (105,239) (101,484) (101,206)
Interest expense associated with property in receivership (4,471) 0 0
Loss on early extinguishment of debt (553) 0 0
Gain on disposition of properties 13,302 26,764 33,988
Income before income taxes 83,047 87,122 64,758
Income tax expense (2,688) (2,715) (1,546)
Net income 80,359 84,407 63,212
Private perpetual preferred unit distributions (4,201) (4,201) (4,201)
Net (income) loss attributable to non-controlling interest in other partnerships (4) (68) 243
Net income attributable to common unitholders $ 76,154 $ 80,138 $ 59,254
Total weighted average units:      
Basic (in shares) 264,706 263,226 268,337
Diluted (in shares) 269,019 265,633 269,948
Earnings per unit:      
Basic (in USD per share) $ 0.29 $ 0.30 $ 0.22
Diluted (in USD per share) $ 0.28 $ 0.30 $ 0.22