Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following tables provide components of segment profit for each segment for the years ended December 31, 2021, 2020 and 2019 (amounts in thousands):

	2021
	Real Estate		Observatory		Intersegment Elimination		Total
Revenues:
Rental revenue	$	559,690	$	—	$	—	$	559,690
Intercompany rental revenue	23,413		—		(23,413)		—
Observatory revenue	—		41,474		—		41,474
Lease termination fees	16,230		—		—		16,230
Third-party management and other fees	1,219		—		—		1,219
Other revenue and fees	5,343		138		—		5,481
Total revenues	605,895		41,612		(23,413)		624,094
Operating expenses:
Property operating expenses	126,986		—		—		126,986
Intercompany rent expense	—		23,413		(23,413)		—
Ground rent expense	9,326		—		—		9,326
General and administrative expenses	55,947		—		—		55,947
Observatory expenses	—		23,206		—		23,206
Real estate taxes	119,967		—		—		119,967
Impairment charges	7,723		—		—		7,723
Depreciation and amortization	201,676		130		—		201,806
Total operating expenses	521,625		46,749		(23,413)		544,961
Total operating income (loss)	84,270		(5,137)		—		79,133
Other income (expense):
Interest income	701		3		—		704
Interest expense	(94,292)		(102)		—		(94,394)
Loss on early extinguishment of debt	(214)		—		—		(214)
Loss before income taxes	(9,535)		(5,236)		—		(14,771)
Income tax (expense) benefit	(613)		2,347		—		1,734
Net loss	$	(10,148)	$	(2,889)	$	—	$	(13,037)
Segment assets	$	4,037,122	$	245,325	$	—	$	4,282,447
Expenditures for segment assets	$	398,368	$	4	$	—	$	398,372

	2020
	Real Estate		Observatory		Intersegment Elimination		Total
Revenues:
Rental revenue	$	563,071	$	—	$	—	$	563,071
Intercompany rental revenue	17,827		—		(17,827)		—
Observatory revenue	—		29,057		—		29,057
Lease termination fees	9,416		—		—		9,416
Third-party management and other fees	1,225		—		—		1,225
Other revenue and fees	6,459		—		—		6,459
Total revenues	597,998		29,057		(17,827)		609,228
Operating expenses:
Property operating expenses	136,141		—		—		136,141
Intercompany rent expense	—		17,827		(17,827)		—
Ground rent expense	9,326		—		—		9,326
General and administrative expenses	62,244		—		—		62,244
Observatory expenses	—		23,723		—		23,723
Real estate taxes	121,923		—		—		121,923
Impairment charges	6,204		—		—		6,204
Depreciation and amortization	190,863		143		—		191,006
Total operating expenses	526,701		41,693		(17,827)		550,567
Total operating income	71,297		(12,636)		—		58,661
Other income (expense):
Interest income	2,542		95		—		2,637
Interest expense	(89,907)		—		—		(89,907)
Loss on early extinguishment of debt	(86)		—		—		(86)
IPO litigation expense	(1,165)		—		—		(1,165)
Income before income taxes	(17,319)		(12,541)		—		(29,860)
Income tax expense	(843)		7,814		—		6,971
Net income	$	(18,162)	$	(4,727)	$	—	$	(22,889)
Segment assets	$	3,903,884	$	246,811	$	—	$	4,150,695
Expenditures for segment assets	$	101,306	$	2,754	$	—	$	104,060

	2019
	Real Estate		Observatory		Intersegment Elimination		Total
Revenues:
Rental revenue	$	586,414	$	—	$	—	$	586,414
Intercompany rental revenue	82,469		—		(82,469)		—
Observatory revenue	—		128,769		—		128,769
Lease termination fees	4,352		—		—		4,352
Third-party management and other fees	1,254		—		—		1,254
Other revenue and fees	10,554		—		—		10,554
Total revenues	685,043		128,769		(82,469)		731,343
Operating expenses:
Property operating expenses	174,977		—		—		174,977
Intercompany rent expense	—		82,469		(82,469)		—
Ground rent expense	9,326		—		—		9,326
General and administrative expenses	61,063		—		—		61,063
Observatory expenses	—		33,767		—		33,767
Real estate taxes	115,916		—		—		115,916
Depreciation and amortization	181,558		30		—		181,588
Total operating expenses	542,840		116,266		(82,469)		576,637
Total operating income	142,203		12,503		—		154,706
Other income (expense):
Interest income	11,259		—		—		11,259
Interest expense	(79,246)		—		—		(79,246)
Income before income taxes	74,216		12,503		—		86,719
Income tax expense	(896)		(1,533)		—		(2,429)
Net income	73,320		10,970		—		84,290
Segment assets	3,671,211		260,623		—		3,931,834
Expenditures for segment assets	$	191,630	$	64,294	$	—	$	255,924