Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Summary of Operating Activity of Reportable Segments

The table below presents the operating activity of our reportable segments:

(In thousands)	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Office Segment
Total office revenues	$	176,989	$	202,189	$	396,878	$	399,479
Office expenses	(60,301)		(64,308)		(129,965)		(127,757)
Office segment profit	116,688		137,881		266,913		271,722
Multifamily Segment
Total multifamily revenues	30,807		28,345		62,268		55,241
Multifamily expenses	(8,856)		(7,712)		(18,212)		(15,267)
Multifamily segment profit	21,951		20,633		44,056		39,974
Total profit from all segments	$	138,639	$	158,514	$	310,969	$	311,696

Reconciliation of Segment Profit to Net Income Attributable to Common Stockholders

The table below presents a reconciliation of the total profit from all segments to net income attributable to common stockholders:

(In thousands)	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Total profit from all segments	$	138,639	$	158,514	$	310,969	$	311,696
General and administrative expenses	(9,863)		(9,159)		(20,198)		(18,991)
Depreciation and amortization	(98,765)		(78,724)		(196,542)		(158,597)
Other income	325		2,892		2,314		5,790
Other expenses	(478)		(1,807)		(1,874)		(3,652)
Income from unconsolidated Funds	(140)		2,207		183		3,758
Interest expense	(35,190)		(34,063)		(70,610)		(67,356)
Net (loss) income	(5,472)		39,860		24,242		72,648
Less: Net loss (income) attributable to noncontrolling interests	7,502		(5,894)		4,711		(9,981)
Net income attributable to common stockholders	$	2,030	$	33,966	$	28,953	$	62,667