Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2024

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 and six months ended June 30, 2024 and 2023 is set forth in Note 18 - Segment Information.


(Amounts in thousands)	For the Three Months Ended June 30, 2024							For the Three Months Ended June 30, 2023
	Total		New York		Other			Total		New York		Other
Property rentals	$	372,186	$	302,780	$	69,406		$	397,053	$	305,182	$	91,871	(1)
Trade shows	7,061		—		7,061			6,782		—		6,782
Lease revenues(2)	379,247		302,780		76,467			403,835		305,182		98,653
Tenant services	9,604		6,373		3,231			9,804		7,325		2,479
Parking revenues	4,744		3,750		994			5,195		4,195		1,000
Rental revenues	393,595		312,903		80,692			418,834		316,702		102,132
BMS cleaning fees	38,465		40,689		(2,224)		(3)	35,146		37,754		(2,608)		(3)
Management and leasing fees	6,709		6,911		(202)			3,658		3,761		(103)
Other income	11,497		7,075		4,422			14,721		4,254		10,467
Fee and other income	56,671		54,675		1,996			53,525		45,769		7,756
Total revenues	$	450,266	$	367,578	$	82,688		$	472,359	$	362,471	$	109,888

____________________

See notes below.


(Amounts in thousands)	For the Six Months Ended June 30, 2024							For the Six Months Ended June 30, 2023
	Total		New York		Other			Total		New York		Other
Property rentals	$	742,069	$	604,311	$	137,758		$	773,882	$	612,904	$	160,978	(1)
Trade shows	12,777		—		12,777			11,830		—		11,830
Lease revenues(2)	754,846		604,311		150,535			785,712		612,904		172,808
Tenant services	18,632		12,920		5,712			19,573		14,907		4,666
Parking revenues	9,395		7,407		1,988			10,342		8,407		1,935
Rental revenues	782,873		624,638		158,235			815,627		636,218		179,409
BMS cleaning fees	74,245		79,329		(5,084)		(3)	70,474		75,432		(4,958)		(3)
Management and leasing fees	9,320		9,623		(303)			6,707		6,934		(227)
Other income	20,203		12,222		7,981			25,474		7,701		17,773
Fee and other income	103,768		101,174		2,594			102,655		90,067		12,588
Total revenues	$	886,641	$	725,812	$	160,829		$	918,282	$	726,285	$	191,997

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(1)2023 includes the receipt of a $21,350 tenant settlement, of which $6,405 is attributable to noncontrolling interests.

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


	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2024		2023		2024		2023
Fixed billings	$	340,166	$	362,326	$	671,180	$	710,240
Variable billings	39,465		37,216		80,518		75,155
Total contractual operating lease billings	379,631		399,542		751,698		785,395
Adjustment for straight-line rents and amortization of acquired below-market leases and other, net	(384)		4,293		3,148		317

Lease revenues	$	379,247	$	403,835	$	754,846	$	785,712

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

Schedule of Components of Lease Revenues

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


	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2024		2023		2024		2023
Fixed billings	$	340,166	$	362,326	$	671,180	$	710,240
Variable billings	39,465		37,216		80,518		75,155
Total contractual operating lease billings	379,631		399,542		751,698		785,395
Adjustment for straight-line rents and amortization of acquired below-market leases and other, net	(384)		4,293		3,148		317

Lease revenues	$	379,247	$	403,835	$	754,846	$	785,712