Revenue Recognition

6 Months Ended

Jun. 30, 2020

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Revenue Recognition

Below is a summary of our revenues by segment. Additional financial information related to these reportable segments for the three and six months ended June 30, 2020 and 2019 is set forth in Note 22 - Segment Information.

(Amounts in thousands)	For the Three Months Ended June 30, 2020								For the Three Months Ended June 30, 2019
	Total		New York		Other				Total		New York		Other
Property rentals(1)	$	308,316	$	241,308	$	67,008			$	372,160	$	300,925	$	71,235
Hotel Pennsylvania(2)	—		—		—				25,525		25,525		—
Trade shows(3)	—		—		—				11,547		—		11,547
Lease revenues(4)	308,316		241,308		67,008				409,232		326,450		82,782
Tenant services	6,878		4,341		2,537				12,067		9,337		2,730
Rental revenues	315,194		245,649		69,545				421,299		335,787		85,512
BMS cleaning fees	21,115		22,405		(1,290		)	(5)	32,570		34,944		(2,374		)	(5)
Management and leasing fees	1,837		1,701		136				4,500		4,472		28
Other income	4,880		873		4,007				4,734		1,178		3,556
Fee and other income	27,832		24,979		2,853				41,804		40,594		1,210
Total revenues	$	343,026	$	270,628	$	72,398			$	463,103	$	376,381	$	86,722

____________________

See notes below.

(Amounts in thousands)	For the Six Months Ended June 30, 2020								For the Six Months Ended June 30, 2019
	Total		New York		Other				Total		New York		Other
Property rentals(1)	$	679,490	$	539,920	$	139,570			$	829,901	$	686,728	$	143,173
Hotel Pennsylvania(2)	8,741		8,741		—				38,134		38,134		—
Trade shows(3)	11,303		—		11,303				28,503		—		28,503
Lease revenues(4)	699,534		548,661		150,873				896,538		724,862		171,676
Tenant services	16,934		11,721		5,213				24,638		18,562		6,076
Rental revenues	716,468		560,382		156,086				921,176		743,424		177,752
BMS cleaning fees	53,581		56,834		(3,253		)	(5)	62,355		66,701		(4,346		)	(5)
Management and leasing fees	4,704		4,575		129				6,737		6,723		14
Other income	12,805		4,452		8,353				7,503		2,818		4,685
Fee and other income	71,090		65,861		5,229				76,595		76,242		353
Total revenues	$	787,558	$	626,243	$	161,315			$	997,771	$	819,666	$	178,105

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(1) Reduced by $37,587 and $14,492 for the three months ended June 30, 2020 and 2019, respectively, and $38,631 and $15,382 for the six months ended June 30, 2020 and 2019, respectively, for the write-off of lease receivables deemed uncollectible (primarily write-offs of receivables arising from the straight-lining of rents).

(2) Temporarily closed since April 1, 2020 as a result of the pandemic.

(3) Cancelled trade shows at theMART from late March 2020 through the remainder of the year as a result of the pandemic.

(4) The components of lease revenues were as follows:

	For the Three Months Ended June 30,					For the Six Months Ended June 30,
	2020			2019		2020		2019
Fixed lease revenues	$	312,285		$	377,524	$	649,331	$	807,611
Variable lease revenues	(3,969		)	31,708		50,203		88,927
Lease revenues	$	308,316		$	409,232	$	699,534	$	896,538

(5)

Represents the elimination of theMART and 555 California Street BMS cleaning fees which are included as income in the New York segment.