Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2022

Revenue from Contract with Customer [Abstract]

Below is a summary of our revenues by segment. Additional financial information related to these reportable segments for the three months ended March 31, 2022 and 2021 is set forth in Note 20 - Segment Information.


(Amounts in thousands)	For the Three Months Ended March 31, 2022
	Total		New York		Other
Property rentals	$	377,887	$	307,723	$	70,164

Trade shows(1)	5,144		—		5,144
Lease revenues(2)	383,031		307,723		75,308
Tenant services	9,889		7,411		2,478
Parking revenues	4,363		3,711		652
Rental revenues	397,283		318,845		78,438
BMS cleaning fees	32,691		34,711		(2,020)		(3)
Management and leasing fees	2,769		2,967		(198)
Other income	9,387		2,025		7,362
Fee and other income	44,847		39,703		5,144
Total revenues	$	442,130	$	358,548	$	83,582

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See notes below.


(Amounts in thousands)	For the Three Months Ended March 31, 2021
		Total		New York		Other
Property rentals		$	332,058	$	261,691	$	70,367

Trade shows(1)		—		—		—
Lease revenues(2)		332,058		261,691		70,367
Tenant services		7,259		5,009		2,250
Rental revenues		339,317		266,700		72,617
BMS cleaning fees		28,477		29,948		(1,471)		(3)
Management and leasing fees		5,369		5,522		(153)
Other income		6,814		1,801		5,013
Fee and other income		40,660		37,271		3,389
Total revenues		$	379,977	$	303,971	$	76,006

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(1)We cancelled trade shows at theMART beginning late March of 2020 due to the COVID-19 pandemic and resumed in the third quarter of 2021.

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


	For the Three Months Ended March 31,
	2022		2021
Fixed billings	$	329,251	$	309,860
Variable billings	32,974		31,649
Total contractual operating lease billings	362,225		341,509
Adjustment for straight-line rents and amortization of acquired below-market leases and other, net	20,806		(5,781)
Less: write-off of straight-line rent and tenant receivables deemed uncollectible	—		(3,670)
Lease revenues	$	383,031	$	332,058

(3)Represents the elimination of theMART and 555 California Street Building Maintenance Services LLC ("BMS") cleaning fees which are included as income in the New York segment.

Components of Fixed and Variable Lease Revenues

The components of lease revenues were as follows:


	For the Three Months Ended March 31,
	2022		2021
Fixed billings	$	329,251	$	309,860
Variable billings	32,974		31,649
Total contractual operating lease billings	362,225		341,509
Adjustment for straight-line rents and amortization of acquired below-market leases and other, net	20,806		(5,781)
Less: write-off of straight-line rent and tenant receivables deemed uncollectible	—		(3,670)
Lease revenues	$	383,031	$	332,058