Revenue Recognition (Tables)

12 Months Ended

Dec. 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 years ended December 31, 2022, 2021 and 2020 is set forth in Note 23 - Segment Information.


(Amounts in thousands)	For the Year Ended December 31, 2022
	Total		New York		Other
Property rentals	$	1,510,648	$	1,230,851	$	279,797

Trade shows(1)	32,669		—		32,669
Lease revenues(2)	1,543,317		1,230,851		312,466
Tenant services	45,211		33,351		11,860
Parking revenues	19,157		15,979		3,178
Rental revenues	1,607,685		1,280,181		327,504
BMS cleaning fees	137,673		146,530		(8,857)		(3)
Management and leasing fees	11,039		11,645		(606)
Other income	43,598		11,086		32,512
Fee and other income	192,310		169,261		23,049
Total revenues	$	1,799,995	$	1,449,442	$	350,553

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See notes on following page.


(Amounts in thousands)	For the Year Ended December 31, 2021
	Total		New York		Other
Property rentals	$	1,354,209	$	1,071,816	$	282,393
Trade shows(1)	19,482		—		19,482
Lease revenues(2)	1,373,691		1,071,816		301,875
Tenant services	37,449		26,048		11,401
Parking revenues	13,391		11,370		2,021
Rental revenues	1,424,531		1,109,234		315,297
BMS cleaning fees	119,780		126,891		(7,111)		(3)
Management and leasing fees	11,725		12,177		(452)
Other income	33,174		9,297		23,877
Fee and other income	164,679		148,365		16,314
Total revenues	$	1,589,210	$	1,257,599	$	331,611

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See notes on following page.

3. Revenue Recognition - continued


(Amounts in thousands)	For the Year Ended December 31, 2020
	Total		New York		Other
Property rentals	$	1,323,347	$	1,051,009	$	272,338
Hotel Pennsylvania(4)	8,741		8,741		—
Trade shows(1)	11,303		—		11,303
Lease revenues(2)	1,343,391		1,059,750		283,641
Tenant services	34,244		23,750		10,494
Rental revenues	1,377,635		1,083,500		294,135
BMS cleaning fees	105,536		112,112		(6,576)		(3)
Management and leasing fees	19,416		19,508		(92)
Other income	25,364		6,628		18,736
Fee and other income	150,316		138,248		12,068
Total revenues	$	1,527,951	$	1,221,748	$	306,203

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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:


(Amounts in thousands)	For the Year Ended December 31,
	2022		2021		2020
Fixed billings	$	1,376,527	$	1,277,645	$	1,292,174
Variable billings	122,947		108,850		126,907
Total contractual operating lease billings	1,499,474		1,386,495		1,419,081
Adjustment for straight-line rents and amortization of acquired below-market leases and other, net	44,715		(5,109)		(12,486)
Less: write-off of straight-line rent and tenant receivables deemed uncollectible	(872)		(7,695)		(63,204)
Lease revenues	$	1,543,317	$	1,373,691	$	1,343,391

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

(4)We permanently closed the Hotel Pennsylvania on April 5, 2021 and plan to develop an office tower on the site.

Operating Lease, Lease Income

The components of lease revenues were as follows:


(Amounts in thousands)	For the Year Ended December 31,
	2022		2021		2020
Fixed billings	$	1,376,527	$	1,277,645	$	1,292,174
Variable billings	122,947		108,850		126,907
Total contractual operating lease billings	1,499,474		1,386,495		1,419,081
Adjustment for straight-line rents and amortization of acquired below-market leases and other, net	44,715		(5,109)		(12,486)
Less: write-off of straight-line rent and tenant receivables deemed uncollectible	(872)		(7,695)		(63,204)
Lease revenues	$	1,543,317	$	1,373,691	$	1,343,391