Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2025

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, 2025 and 2024 is set forth in Note 18 - Segment Information.


(Amounts in thousands)	For the Three Months Ended March 31, 2025							For the Three Months Ended March 31, 2024
	Total		New York		Other			Total		New York		Other
Property rentals	$	382,514	$	312,302	$	70,212		$	369,883	$	301,531	$	68,352
Trade shows	6,436		—		6,436			5,716		—		5,716

Lease revenues(1)	388,950		312,302		76,648			375,599		301,531		74,068
Tenant services	10,935		8,173		2,762			9,028		6,547		2,481
Parking revenues	4,870		3,824		1,046			4,651		3,657		994
Rental revenues	404,755		324,299		80,456			389,278		311,735		77,543
BMS cleaning fees	36,476		38,497		(2,021)		(2)	35,780		38,640		(2,860)		(2)
Management and leasing fees	3,030		3,205		(175)			2,611		2,712		(101)
Other income	17,318		10,205		7,113			8,706		5,147		3,559
Fee and other income	56,824		51,907		4,917			47,097		46,499		598
Total revenues	$	461,579	$	376,206	$	85,373		$	436,375	$	358,234	$	78,141

____________________

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


	For the Three Months Ended March 31,
	2025		2024
Fixed billings	$	347,609	$	331,014
Variable billings	40,074		41,053
Total contractual operating lease billings	387,683		372,067
Adjustment for straight-line rents and amortization of acquired below-market leases and other, net	1,267		3,532

Lease revenues	$	388,950	$	375,599

(2)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

The components of lease revenues were as follows:


	For the Three Months Ended March 31,
	2025		2024
Fixed billings	$	347,609	$	331,014
Variable billings	40,074		41,053
Total contractual operating lease billings	387,683		372,067
Adjustment for straight-line rents and amortization of acquired below-market leases and other, net	1,267		3,532

Lease revenues	$	388,950	$	375,599