XML 68 R58.htm IDEA: XBRL DOCUMENT v3.22.1
Segment Reporting - Components of Segment Net Income (Loss) for Each Segment (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Revenues:      
Rental revenue $ 147,514 $ 140,231  
Intercompany rental revenue 0 0  
Observatory revenue 13,241 2,603  
Lease termination fees 1,173 1,289  
Third-party management and other fees 310 276  
Other revenue and fees 1,796 905  
Total revenues 164,034 145,304  
Operating expenses:      
Property operating expenses 38,644 30,279  
Intercompany rent expense 0 0  
Ground rent expense 2,331 2,331  
General and administrative expenses 13,686 13,853  
Observatory expenses 6,215 4,588  
Real estate taxes 30,004 31,447  
Depreciation and amortization 67,106 44,457  
Total operating expenses 157,986 126,955  
Total operating income 6,048 18,349  
Other income (expense):      
Interest income 149 122  
Interest expense (25,014) (23,554)  
Loss on early extinguishment of debt 0 (214)  
Loss before income taxes (18,817) (5,297)  
Income tax (expense) benefit 1,596 2,106  
Net loss (17,221) (3,191)  
Segment assets 4,243,330 4,151,523 $ 4,282,447
Expenditures for segment assets 39,175 23,335  
Intersegment Elimination      
Revenues:      
Intercompany rental revenue (10,620) (4,932)  
Total revenues (10,620) (4,932)  
Operating expenses:      
Intercompany rent expense (10,620) (4,932)  
General and administrative expenses 0 0  
Depreciation and amortization 0 0  
Total operating expenses (10,620) (4,932)  
Total operating income 0 0  
Other income (expense):      
Interest income 0 0  
Interest expense 0 0  
Loss on early extinguishment of debt   0  
Loss before income taxes 0 0  
Income tax (expense) benefit 0 0  
Net loss 0 0  
Segment assets 0 0  
Expenditures for segment assets 0 0  
Real Estate | Operating Segments      
Revenues:      
Rental revenue 147,514 140,231  
Intercompany rental revenue 10,620 4,932  
Lease termination fees 1,173 1,289  
Third-party management and other fees 310 276  
Other revenue and fees 1,796 905  
Total revenues 161,413 147,633  
Operating expenses:      
Property operating expenses 38,644 30,279  
Ground rent expense 2,331 2,331  
General and administrative expenses 13,686 13,853  
Real estate taxes 30,004 31,447  
Depreciation and amortization 67,071 44,419  
Total operating expenses 151,736 122,329  
Total operating income 9,677 25,304  
Other income (expense):      
Interest income 149 120  
Interest expense (25,014) (23,554)  
Loss on early extinguishment of debt   (214)  
Loss before income taxes (15,188) 1,656  
Income tax (expense) benefit (144) (283)  
Net loss (15,332) 1,373  
Segment assets 3,998,791 3,910,152  
Expenditures for segment assets 38,884 23,331  
Observatory | Operating Segments      
Revenues:      
Intercompany rental revenue 0 0  
Observatory revenue 13,241 2,603  
Other revenue and fees 0    
Total revenues 13,241 2,603  
Operating expenses:      
Intercompany rent expense 10,620 4,932  
General and administrative expenses 0 0  
Observatory expenses 6,215 4,588  
Depreciation and amortization 35 38  
Total operating expenses 16,870 9,558  
Total operating income (3,629) (6,955)  
Other income (expense):      
Interest income 0 2  
Interest expense 0 0  
Loss on early extinguishment of debt   0  
Loss before income taxes (3,629) (6,953)  
Income tax (expense) benefit 1,740 2,389  
Net loss (1,889) (4,564)  
Segment assets 244,539 241,371  
Expenditures for segment assets $ 291 $ 4