Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

Below is a summary of NOI at share and NOI at share - cash basis by segment for the years ended December 31, 2022, 2021 and 2020.


(Amounts in thousands)	For the Year Ended December 31, 2022
	Total		New York		Other
Total revenues	$	1,799,995	$	1,449,442	$	350,553
Operating expenses	(873,911)		(716,148)		(157,763)
NOI - consolidated	926,084		733,294		192,790
Deduct: NOI attributable to noncontrolling interests in consolidated subsidiaries	(70,029)		(45,566)		(24,463)
Add: NOI from partially owned entities	305,993		293,780		12,213
NOI at share	1,162,048		981,508		180,540
Non-cash adjustments for straight-line rents, amortization of acquired below-market leases, net and other	(10,980)		(18,509)		7,529
NOI at share - cash basis	$	1,151,068	$	962,999	$	188,069


(Amounts in thousands)	For the Year Ended December 31, 2021
	Total		New York		Other
Total revenues	$	1,589,210	$	1,257,599	$	331,611
Operating expenses	(797,315)		(626,386)		(170,929)
NOI - consolidated	791,895		631,213		160,682
Deduct: NOI attributable to noncontrolling interests in consolidated subsidiaries	(69,385)		(38,980)		(30,405)
Add: NOI from partially owned entities	310,858		300,721		10,137
NOI at share	1,033,368		892,954		140,414
Non-cash adjustments for straight-line rents, amortization of acquired below-market leases, net and other	1,318		(1,188)		2,506
NOI at share - cash basis	$	1,034,686	$	891,766	$	142,920


(Amounts in thousands)	For the Year Ended December 31, 2020
	Total		New York		Other
Total revenues	$	1,527,951	$	1,221,748	$	306,203
Operating expenses	(789,066)		(640,531)		(148,535)
NOI - consolidated	738,885		581,217		157,668
Deduct: NOI attributable to noncontrolling interests in consolidated subsidiaries	(72,801)		(43,773)		(29,028)
Add: NOI from partially owned entities	306,495		296,447		10,048
NOI at share	972,579		833,891		138,688
Non-cash adjustments for straight-line rents, amortization of acquired below-market leases, net and other	46,246		36,715		9,531
NOI at share - cash basis	$	1,018,825	$	870,606	$	148,219

23. Segment Information - continued

Below is a reconciliation of net (loss) income to NOI at share for the years ended December 31, 2022, 2021 and 2020.


(Amounts in thousands)	For the Year Ended December 31,
	2022		2021		2020
Net (loss) income	$	(382,612)	$	207,553	$	(461,845)
Depreciation and amortization expense	504,502		412,347		399,695
General and administrative expense	133,731		134,545		181,509
Impairment losses, transaction related costs and other	31,722		13,815		174,027
Loss (income) from partially owned entities	461,351		(130,517)		329,112
(Income) loss from real estate fund investments	(3,541)		(11,066)		226,327
Interest and other investment (income) loss, net	(19,869)		(4,612)		5,499
Interest and debt expense	279,765		231,096		229,251

Net gains on disposition of wholly owned and partially owned assets	(100,625)		(50,770)		(381,320)
Income tax expense (benefit)	21,660		(10,496)		36,630

NOI from partially owned entities	305,993		310,858		306,495
NOI attributable to noncontrolling interests in consolidated subsidiaries	(70,029)		(69,385)		(72,801)
NOI at share	1,162,048		1,033,368		972,579
Non-cash adjustments for straight-line rents, amortization of acquired below-market leases, net and other	(10,980)		1,318		46,246
NOI at share - cash basis	$	1,151,068	$	1,034,686	$	1,018,825