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Segment Information
 6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Segment Information Segment Information
We operate in two reportable segments, New York and Other, which is based on how we manage our business.
Net operating income ("NOI") at share represents total revenues less operating expenses including our share of partially owned entities. NOI at share - cash basis represents NOI at share adjusted to exclude straight-line rental income and expense, amortization of acquired below and above market leases, net and other non-cash adjustments. We consider NOI at share - cash basis to be the primary non-GAAP financial measure for making decisions and assessing the unlevered performance of our segments as it relates to the total return on assets as opposed to the levered return on equity. As properties are bought and sold based on NOI at share - cash basis, we utilize this measure to make investment decisions as well as to compare the performance of our assets to that of our peers. NOI at share and NOI at share - cash basis should not be considered alternatives to net income or cash flow from operations and may not be comparable to similarly titled measures employed by other companies.
19.    Segment Information - continued
Below is a summary of NOI at share and NOI at share - cash basis by segment for the three and six months ended June 30, 2023 and 2022.
(Amounts in thousands)For the Three Months Ended June 30, 2023
TotalNew YorkOther
Total revenues$472,359 $362,471 $109,888 
Operating expenses(222,723)(176,410)(46,313)
NOI - consolidated249,636 186,061 63,575 
Deduct: NOI attributable to noncontrolling interests in consolidated subsidiaries(18,742)(5,204)(13,538)
Add: NOI from partially owned entities 70,745 67,509 3,236 
NOI at share301,639 248,366 53,273 
Non-cash adjustments for straight-line rents, amortization of acquired below-market leases, net, and other(5,570)(6,797)1,227 
NOI at share - cash basis$296,069 $241,569 $54,500 
(Amounts in thousands)For the Three Months Ended June 30, 2022
TotalNew YorkOther
Total revenues$453,494 $364,162 $89,332 
Operating expenses(222,309)(176,572)(45,737)
NOI - consolidated231,185 187,590 43,595 
Deduct: NOI attributable to noncontrolling interests in consolidated subsidiaries(16,299)(10,707)(5,592)
Add: NOI from partially owned entities 74,060 71,209 2,851 
NOI at share
288,946 248,092 40,854 
Non-cash adjustments for straight-line rents, amortization of acquired below-market leases, net, and other(4,275)(6,189)1,914 
NOI at share - cash basis$284,671 $241,903 $42,768 
(Amounts in thousands)For the Six Months Ended June 30, 2023
TotalNew YorkOther
Total revenues$918,282 $726,285 $191,997 
Operating expenses(451,496)(364,731)(86,765)
NOI - consolidated466,786 361,554 105,232 
Deduct: NOI attributable to noncontrolling interests in consolidated subsidiaries(30,506)(10,027)(20,479)
Add: NOI from partially owned entities 138,842 132,833 6,009 
NOI at share575,122 484,360 90,762 
Non-cash adjustments for straight-line rents, amortization of acquired below-market leases, net and other(518)(1,764)1,246 
NOI at share - cash basis$574,604 $482,596 $92,008 
(Amounts in thousands)For the Six Months Ended June 30, 2022
TotalNew YorkOther
Total revenues$895,624 $722,710 $172,914 
Operating expenses(438,838)(354,107)(84,731)
NOI - consolidated456,786 368,603 88,183 
Deduct: NOI attributable to noncontrolling interests in consolidated subsidiaries(36,334)(24,017)(12,317)
Add: NOI from partially owned entities 152,752 147,173 5,579 
NOI at share573,204 491,759 81,445 
Non-cash adjustments for straight-line rents, amortization of acquired below-market leases, net and other(7,405)(10,164)2,759 
NOI at share - cash basis$565,799 $481,595 $84,204 
19.    Segment Information - continued
Below is a reconciliation of net income to NOI at share and NOI at share - cash basis for the three and six months ended June 30, 2023 and 2022.
(Amounts in thousands)For the Three Months Ended June 30,For the Six Months Ended June 30,
2023202220232022
Net income $62,733 $68,903 $73,931 $122,278 
Depreciation and amortization expense107,162 118,662 213,727 236,105 
General and administrative expense39,410 31,902 81,005 73,118 
Transaction related costs and other30 2,960 688 3,965 
Income from partially owned entities(37,272)(25,720)(53,938)(59,434)
Loss (income) from real estate fund investments102 142 121 (5,532)
Interest and other investment income, net(13,255)(3,036)(22,858)(4,054)
Interest and debt expense87,165 62,640 173,402 114,749 
Net gains on disposition of wholly owned and partially owned assets(936)(28,832)(8,456)(35,384)
Income tax expense 4,497 3,564 9,164 10,975 
NOI from partially owned entities70,745 74,060 138,842 152,752 
NOI attributable to noncontrolling interests in consolidated subsidiaries(18,742)(16,299)(30,506)(36,334)
NOI at share301,639 288,946 575,122 573,204 
Non-cash adjustments for straight-line rents, amortization of acquired below-market leases, net and other(5,570)(4,275)(518)(7,405)
NOI at share - cash basis$296,069 $284,671 $574,604 $565,799