Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2022

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, 2022, 2021 and 2020 (amounts in thousands):

	2022
	Real Estate		Observatory		Intersegment Elimination		Total
Revenues:
Rental revenue	$	591,048	$	—	$	—	$	591,048
Intercompany rental revenue	65,005		—		(65,005)		—
Observatory revenue	—		105,978		—		105,978
Lease termination fees	20,032		—		—		20,032
Third-party management and other fees	1,361		—		—		1,361
Other revenue and fees	8,622		—		—		8,622
Total revenues	686,068		105,978		(65,005)		727,041
Operating expenses:
Property operating expenses	157,935		—		—		157,935
Intercompany rent expense	—		65,005		(65,005)		—
Ground rent expense	9,326		—		—		9,326
General and administrative expenses	61,765		—		—		61,765
Observatory expenses	—		31,036		—		31,036
Real estate taxes	123,057		—		—		123,057
Depreciation and amortization	216,707		187		—		216,894
Total operating expenses	568,790		96,228		(65,005)		600,013
Total operating income	117,278		9,750		—		127,028
Other income (expense):
Interest income	4,901		47		—		4,948
Interest expense	(101,206)		—		—		(101,206)
Gain on sale/disposition of properties	33,988		—		—		33,988
Income before income taxes	54,961		9,797		—		64,758
Income tax expense	(584)		(962)		—		(1,546)
Net income	$	54,377	$	8,835	$	—	$	63,212
Segment assets	$	3,909,299	$	254,295	$	—	$	4,163,594
Expenditures for segment assets	$	85,646	$	315	$	—	$	85,961

	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 charge	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 (loss)	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)
Loss before income taxes	(17,319)		(12,541)		—		(29,860)
Income tax (expense) benefit	(843)		7,814		—		6,971
Net loss	$	(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