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Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following tables provide components of segment profit for each segment for the three and six months ended June 30, 2016 and 2015 (amounts in thousands):

 
 
Three Months Ended June 30, 2016
 
 
Real Estate
 
Observatory
 
Intersegment Elimination
 
Total
Revenues:
 
 
 
 
 
 
 
 
Rental revenue
 
$
112,613

 
$

 
$

 
$
112,613

Intercompany rental revenue
 
18,488

 

 
(18,488
)
 

Tenant expense reimbursement
 
19,054

 

 

 
19,054

Observatory revenue
 

 
31,838

 

 
31,838

Third-party management and other fees
 
423

 

 

 
423

Other revenue and fees
 
1,882

 
5

 

 
1,887

Total revenues
 
152,460

 
31,843

 
(18,488
)
 
165,815

Operating expenses:
 
 
 
 
 
 
 
 
Property operating expenses
 
37,386

 

 

 
37,386

Intercompany rent expense
 

 
18,488

 
(18,488
)
 

Ground rent expense
 
2,330

 

 

 
2,330

General and administrative expenses
 
12,907

 

 

 
12,907

Observatory expenses
 

 
6,895

 

 
6,895

Real estate taxes
 
23,557

 

 

 
23,557

Acquisition expenses
 

 

 

 

Depreciation and amortization
 
38,451

 
97

 

 
38,548

Total operating expenses
 
114,631

 
25,480

 
(18,488
)
 
121,623

Total operating income
 
37,829

 
6,363

 

 
44,192

Interest expense
 
(17,420
)
 

 

 
(17,420
)
Income before income taxes
 
20,409

 
6,363

 

 
26,772

Income tax expense
 
(281
)
 
(1,851
)
 

 
(2,132
)
Net income
 
$
20,128

 
$
4,512

 
$

 
$
24,640

Segment assets
 
$
3,056,928

 
$
244,726

 
$

 
$
3,301,654

Expenditures for segment assets
 
$
63,766

 
$
47

 
$

 
$
63,813



 
 
Three Months Ended June 30, 2015
 
 
Real Estate
 
Observatory
 
Other
 
Intersegment Elimination
 
Total
Revenues:
 
 
 
 
 
 
 
 
 
 
Rental revenue
 
$
112,866

 
$

 
$

 
$

 
$
112,866

Intercompany rental revenue
 
18,910

 

 

 
(18,910
)
 

Tenant expense reimbursement
 
18,582

 

 

 

 
18,582

Observatory revenue
 

 
30,600

 

 

 
30,600

Construction revenue
 

 

 
1,774

 
(1,400
)
 
374

Third-party management and other fees
 
594

 

 

 

 
594

Other revenue and fees
 
1,757

 

 

 

 
1,757

Total revenues
 
152,709

 
30,600

 
1,774

 
(20,310
)
 
164,773

Operating expenses:
 
 
 
 
 
 
 
 
 
 
Property operating expenses
 
37,262

 

 

 

 
37,262

Intercompany rent expense
 

 
18,910

 

 
(18,910
)
 

Ground rent expense
 
2,332

 

 

 

 
2,332

General and administrative expenses
 
9,113

 

 

 

 
9,113

Observatory expenses
 

 
8,093

 

 

 
8,093

Construction expenses
 

 

 
1,566

 
(1,213
)
 
353

Real estate taxes
 
22,952

 

 

 

 
22,952

Depreciation and amortization
 
39,542

 
87

 

 

 
39,629

Total operating expenses
 
111,201

 
27,090

 
1,566

 
(20,123
)
 
119,734

Total operating income (loss)
 
41,508

 
3,510

 
208

 
(187
)
 
45,039

Interest expense
 
(17,571
)
 

 

 

 
(17,571
)
Income (loss) before income taxes
 
23,937

 
3,510

 
208

 
(187
)
 
27,468

Income tax benefit (expense)
 
(422
)
 
(528
)
 
67

 

 
(883
)
Net income (loss)
 
$
23,515

 
$
2,982

 
$
275

 
$
(187
)
 
$
26,585

Segment assets
 
$
3,051,768

 
$
240,374

 
$
1,822

 
$

 
$
3,293,964

Expenditures for segment assets
 
$
31,796

 
$
24

 
$

 
$

 
$
31,820





 
 
Six Months Ended June 30, 2016
 
 
Real Estate
 
Observatory
 
Intersegment Elimination
 
Total
Revenues:
 
 
 
 
 
 
 
 
Rental revenue
 
$
227,521

 
$

 
$

 
$
227,521

Intercompany rental revenue
 
32,206

 

 
(32,206
)
 

Tenant expense reimbursement
 
37,174

 

 

 
37,174

Observatory revenue
 

 
53,019

 

 
53,019

Third-party management and other fees
 
968

 

 

 
968

Other revenue and fees
 
4,202

 
5

 

 
4,207

Total revenues
 
302,071

 
53,024

 
(32,206
)
 
322,889

Operating expenses:
 
 
 
 
 
 
 
 
Property operating expenses
 
76,490

 

 

 
76,490

Intercompany rent expense
 

 
32,206

 
(32,206
)
 

Ground rent expense
 
4,663

 

 

 
4,663

General and administrative expenses
 
23,825

 

 

 
23,825

Observatory expenses
 

 
14,650

 

 
14,650

Real estate taxes
 
47,082

 

 

 
47,082

Acquisition expenses
 
98

 

 

 
98

Depreciation and amortization
 
77,581

 
194

 

 
77,775

Total operating expenses
 
229,739

 
47,050

 
(32,206
)
 
244,583

Total operating income
 
72,332

 
5,974

 

 
78,306

Interest expense
 
(35,371
)
 

 

 
(35,371
)
Income before income taxes
 
36,961

 
5,974

 

 
42,935

Income expense
 
(686
)
 
(904
)
 

 
(1,590
)
Net income
 
$
36,275

 
$
5,070

 
$

 
$
41,345

Expenditures for segment assets
 
$
87,224

 
$
47

 
$

 
$
87,271



 
 
Six Months Ended June 30, 2015
 
 
Real Estate
 
Observatory
 
Other
 
Intersegment Elimination
 
Total
Revenues:
 
 
 
 
 
 
 
 
 
 
Rental revenue
 
$
222,924

 
$

 
$

 
$

 
$
222,924

Intercompany rental revenue
 
30,574

 

 

 
(30,574
)
 

Tenant expense reimbursement
 
36,782

 

 

 

 
36,782

Observatory revenue
 

 
48,823

 

 

 
48,823

Construction revenue
 

 

 
5,696

 
(3,715
)
 
1,981

Third-party management and other fees
 
1,040

 

 

 

 
1,040

Other revenue and fees
 
5,105

 

 

 

 
5,105

Total revenues
 
296,425

 
48,823

 
5,696

 
(34,289
)
 
316,655

Operating expenses:
 
 
 
 
 
 
 
 
 
 
Property operating expenses
 
79,289

 

 

 

 
79,289

Intercompany rent expense
 

 
30,574

 

 
(30,574
)
 

Ground rent expense
 
4,663

 

 

 

 
4,663

General and administrative expenses
 
18,213

 

 

 

 
18,213

Observatory expenses
 

 
15,495

 

 

 
15,495

Construction expenses
 

 

 
6,539

 
(3,317
)
 
3,222

Real estate taxes
 
45,930

 

 

 

 
45,930

Depreciation and amortization
 
80,775

 
171

 
101

 

 
81,047

Total operating expenses
 
228,870

 
46,240

 
6,640

 
(33,891
)
 
247,859

Total operating income (loss)
 
67,555

 
2,583

 
(944
)
 
(398
)
 
68,796

Interest expense
 
(33,618
)
 

 

 

 
(33,618
)
Income (loss) before income taxes
 
33,937

 
2,583

 
(944
)
 
(398
)
 
35,178

Income tax benefit (expense)
 
(773
)
 
(272
)
 
340

 

 
(705
)
Net income (loss)
 
$
33,164

 
$
2,311

 
$
(604
)
 
$
(398
)
 
$
34,473

Expenditures for segment assets
 
$
69,189

 
$
24

 
$

 
$

 
$
69,213