CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash Flows from Operating Activities:
Net income	$ 33,826	$ 73,931
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization (including amortization of deferred financing costs)	229,797	225,694
Equity in net income of partially owned entities	(64,228)	(53,938)
Distributions of income from partially owned entities	54,618	88,902
Amortization of interest rate cap premiums	22,720	2,167
Stock-based compensation expense	16,269	23,582
Net gains on disposition of wholly owned and partially owned assets	(16,048)	(8,456)
Change in deferred tax liability	5,879	5,600
Straight-lining of rents	(4,372)	(694)
Amortization of below-market leases, net	(1,910)	(2,727)
Other non-cash adjustments	6,304	4,912
Changes in operating assets and liabilities:
Tenant and other receivables	(2,840)	(6,380)
Prepaid assets	(6,965)	(18,433)
Other assets	(48,272)	10,696
Lease liabilities	8,903	8,727
Accounts payable and accrued expenses	(13,074)	(2,651)
Other liabilities	5,557	23,809
Net cash provided by operating activities	226,164	374,741
Cash Flows from Investing Activities:
Development costs and construction in progress	(138,076)	(289,792)
Additions to real estate	(112,578)	(100,126)
Investments in partially owned entities	(90,051)	(37,222)
Proceeds from sale of condominium units at 220 Central Park South	31,605	14,216
Proceeds from sales of real estate	2,000	6,363
Proceeds from maturities of U.S. Treasury bills	0	468,598
Proceeds from repayment of participation in 150 West 34th Street mortgage loan	0	105,000
Distributions of capital from partially owned entities	0	18,481
Acquisitions of real estate and other	0	(33,145)
Net cash (used in) provided by investing activities	(307,100)	152,373
Cash Flows from Financing Activities:
Repayments of borrowings	(95,696)	(115,800)
Proceeds from borrowings	75,000	0
Dividends paid on preferred shares	(31,058)	(31,058)
Deferred financing costs	(13,649)	(3,078)
Contributions from noncontrolling interests	1,758	18,328
Distributions to noncontrolling interests	(242)	(9,440)
Dividends paid on common shares	0	(71,950)
Repurchase of common shares	0	23,250
Other financing activity, net	93	110
Net cash used in financing activities	(63,794)	(236,138)
Net (decrease) increase in cash and cash equivalents and restricted cash	(144,730)	290,976
Cash and cash equivalents and restricted cash at beginning of period	1,261,584	1,021,157
Cash and cash equivalents and restricted cash at end of period	1,116,854	1,312,133
Reconciliation of Cash and Cash Equivalents and Restricted Cash:
Cash and cash equivalents at beginning of period	997,002	889,689
Restricted cash at beginning of period	264,582	131,468
Cash and cash equivalents and restricted cash at beginning of period	1,261,584	1,021,157
Cash and cash equivalents at end of period	872,609	1,133,693
Restricted cash at end of period	244,245	178,440
Cash and cash equivalents and restricted cash at end of period	1,116,854	1,312,133
Supplemental Disclosure of Cash Flow Information:
Cash payments for interest (excluding capitalized interest) and interest rate cap premiums	152,212	164,356
Cash payments for income taxes	4,436	4,746
Non-Cash Information:
Change in fair value of consolidated interest rate hedges and other	49,401	(19,879)
Redeemable Class A unit measurement adjustment	48,143	(67,113)
Write-off of fully depreciated assets	(47,840)	(26,443)
Accrued capital expenditures included in accounts payable and accrued expenses	25,997	74,852
Reclassification of assets held for sale (included in "other assets")	15,224	96,106
Accrual of 1290 Avenue of the Americas 1.00% SOFR interest rate cap up-front payment (30% attributable to noncontrolling interests) (paid on July 3, 2023)	$ 0	$ 63,100