XML 92 R82.htm IDEA: XBRL DOCUMENT v3.23.3
Segments - Schedule of NOI for Each Reportable Segment Information (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Segment Reporting Information [Line Items]        
Property-related revenues $ 184,608 $ 182,015 $ 536,211 $ 533,255
Property-related operating expenses (75,502) (72,845) (216,889) (207,320)
NOI from unconsolidated joint ventures (excluding One Steuart Lane) 9,233 11,540 30,334 34,359
NOI [1] 118,339 120,710 349,656 360,294
New York [Member]        
Segment Reporting Information [Line Items]        
Property-related revenues 118,749 117,431 342,812 349,136
Property-related operating expenses (52,470) (52,421) (150,676) (148,779)
NOI from unconsolidated joint ventures (excluding One Steuart Lane) 3,376 3,556 10,143 9,902
NOI [1] 69,655 68,566 202,279 210,259
San Francisco [Member]        
Segment Reporting Information [Line Items]        
Property-related revenues 66,252 64,667 194,564 185,798
Property-related operating expenses (22,447) (19,496) (64,529) (55,369)
NOI from unconsolidated joint ventures (excluding One Steuart Lane) 5,858 7,837 20,133 24,162
NOI [1] 49,663 53,008 150,168 154,591
Other [Member]        
Segment Reporting Information [Line Items]        
Property-related revenues (393) (83) (1,165) (1,679)
Property-related operating expenses (585) (928) (1,684) (3,172)
NOI from unconsolidated joint ventures (excluding One Steuart Lane) (1) 147 58 295
NOI [1] $ (979) $ (864) $ (2,791) $ (4,556)
[1] NOI is used to measure the operating performance of our properties. NOI consists of rental revenue (which includes property rentals, tenant reimbursements and lease termination income) and certain other property-related revenue less operating expenses (which includes property-related expenses such as cleaning, security, repairs and maintenance, utilities, property administration and real estate taxes). We use NOI internally as a performance measure and believe it provides useful information to investors regarding our financial condition and results of operations because it reflects only those income and expense items that are incurred at the property level. Other real estate companies may use different methodologies for calculating NOI and, accordingly, our presentation of NOI may not be comparable to other real estate companies.