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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Rental revenue $ 154,542 $ 153,882
Observatory revenue 23,161 24,596
Lease termination fees 0 0
Third-party management and other fees 431 265
Other revenue and fees 1,932 2,436
Total revenues 180,066 181,179
Operating expenses:    
Property operating expenses 45,060 45,060
Ground rent expenses 2,331 2,331
General and administrative expenses 16,940 15,972
Observatory expenses 8,118 8,431
Real estate taxes 33,050 32,241
Depreciation and amortization 48,779 46,081
Total operating expenses 154,278 150,116
Total operating income 25,788 31,063
Other income (expense):    
Interest income 3,786 4,178
Interest expense (26,938) (25,128)
Interest expense associated with property in receivership (647) 0
Loss on early extinguishment of debt 0 (553)
Gain on disposition of property 13,170 0
Income before income taxes 15,159 9,560
Income tax benefit 619 655
Net income 15,778 10,215
Private perpetual preferred unit distributions (1,050) (1,050)
Net income attributable to non-controlling interests in other partnerships 0 (4)
Net income attributable to common unitholders $ 14,728 $ 9,161
Total weighted average units:    
Basic (in shares) 267,073 264,562
Diluted (in shares) 269,529 267,494
Earnings per unit attributable to common unitholders:    
Basic (in USD per share) $ 0.06 $ 0.03
Diluted (in USD per share) 0.05 0.03
Dividends per unit ((in USD per share) $ 0.035 $ 0.035