XML 18 R5.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues:      
Rental revenue $ 559,690 $ 563,071 $ 586,414
Observatory revenue 41,474 29,057 128,769
Lease termination fees 16,230 9,416 4,352
Third-party management and other fees 1,219 1,225 1,254
Other revenue and fees 5,481 6,459 10,554
Total revenues 624,094 609,228 731,343
Operating expenses:      
Property operating expenses 126,986 136,141 174,977
Ground rent expenses 9,326 9,326 9,326
General and administrative expenses 55,947 62,244 61,063
Observatory expenses 23,206 23,723 33,767
Real estate taxes 119,967 121,923 115,916
Impairment charges 7,723 6,204 0
Depreciation and amortization 201,806 191,006 181,588
Total operating expenses 544,961 550,567 576,637
Total operating income 79,133 58,661 154,706
Other income (expense):      
Interest income 704 2,637 11,259
Interest expense (94,394) (89,907) (79,246)
Loss on early extinguishment of debt (214) (86) 0
IPO litigation expense 0 (1,165) 0
Income (loss) before income taxes (14,771) (29,860) 86,719
Income tax benefit (expense) 1,734 6,971 (2,429)
Net income (loss) (13,037) (22,889) 84,290
Private perpetual preferred unit distributions (4,201) (4,197) (1,743)
Net (income) loss attributable to non-controlling interests 6,527 10,374 (33,102)
Net income (loss) attributable to common stockholders $ (10,711) $ (16,712) $ 49,445
Total weighted average shares:      
Basic (in shares) 172,445 175,169 178,340
Diluted (in shares) 277,420 283,837 297,798
Earnings (loss) per share attributable to common stockholders:      
Basic (in USD per share) $ (0.06) $ (0.10) $ 0.28
Diluted (in USD per share) $ (0.06) $ (0.10) $ 0.28