XML 78 R62.htm IDEA: XBRL DOCUMENT v3.21.2
Segment Information (Schedule Of Segment Reporting By Geographic Area And Property Type) (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Segment Reporting Information [Line Items]        
Rental Revenue: Class A Office [1] $ 692,544 $ 634,663 $ 1,386,124 $ 1,359,322
Rental Revenue: Residential [1] 9,763 9,402 18,938 19,358
Rental Revenue Total [1] $ 703,868 $ 644,164 $ 1,407,255 $ 1,385,604
Rental Revenue: % of Grand Totals 100.00% [1] 100.00% [1] 100.00% 100.00%
Rental Expenses: Class A Office $ 242,775 $ 235,822 $ 494,037 $ 494,724
Rental Expenses: Residential 5,928 3,965 12,055 8,029
Rental Expenses: Total $ 250,699 $ 241,760 $ 510,139 $ 511,547
Rental Expenses: % Of Grand Totals 100.00% 100.00% 100.00% 100.00%
Net Operating Income $ 453,169 $ 402,404 $ 897,116 $ 874,057
Net Operating Income: % of Grand Totals 100.00% 100.00% 100.00% 100.00%
Company's Share of Net Operating Income: % of Grand Totals 100.00% 100.00% 100.00% 100.00%
Total revenue $ 713,807 $ 654,773 $ 1,427,502 $ 1,407,329
Boston [Member]        
Segment Reporting Information [Line Items]        
Rental Revenue: Class A Office [1] 229,571 218,351 459,974 457,849
Rental Revenue: Residential [1] 3,131 3,401 6,176 7,469
Rental Revenue Total [1] $ 234,263 $ 221,851 $ 468,343 $ 472,242
Rental Revenue: % of Grand Totals 33.28% [1] 34.43% [1] 33.28% 34.09%
Rental Expenses: Class A Office $ 78,165 $ 75,694 $ 158,046 $ 158,239
Rental Expenses: Residential 1,435 1,235 2,890 2,575
Rental Expenses: Total $ 81,596 $ 78,902 $ 164,983 $ 169,608
Rental Expenses: % Of Grand Totals 32.55% 32.64% 32.34% 33.16%
Net Operating Income $ 152,667 $ 142,949 $ 303,360 $ 302,634
Net Operating Income: % of Grand Totals 33.69% 35.52% 33.82% 34.63%
Company's Share of Net Operating Income: % of Grand Totals 33.70% 33.92% 33.68% 33.76%
Los Angeles [Member]        
Segment Reporting Information [Line Items]        
Rental Revenue: Class A Office [1] $ 0 $ 0 $ 0 $ 0
Rental Revenue: Residential [1] 0 0 0 0
Rental Revenue Total [1] $ 0 $ 0 $ 0 $ 0
Rental Revenue: % of Grand Totals 0.00% [1] 0.00% [1] 0.00% 0.00%
Rental Expenses: Class A Office $ 0 $ 0 $ 0 $ 0
Rental Expenses: Residential 0 0 0 0
Rental Expenses: Total $ 0 $ 0 $ 0 $ 0
Rental Expenses: % Of Grand Totals 0.00% 0.00% 0.00% 0.00%
Net Operating Income $ 0 $ 0 $ 0 $ 0
Net Operating Income: % of Grand Totals 0.00% 0.00% 0.00% 0.00%
Company's Share of Net Operating Income: % of Grand Totals 2.84% 3.78% 3.09% 3.64%
New York [Member]        
Segment Reporting Information [Line Items]        
Rental Revenue: Class A Office [1] $ 252,182 $ 204,242 $ 502,346 $ 459,528
Rental Revenue: Residential [1] 0 0 0 0
Rental Revenue Total [1] $ 252,182 $ 204,242 $ 502,346 $ 459,528
Rental Revenue: % of Grand Totals 35.84% [1] 31.71% [1] 35.70% 33.16%
Rental Expenses: Class A Office $ 92,662 $ 88,367 $ 192,047 $ 187,507
Rental Expenses: Residential 0 0 0 0
Rental Expenses: Total $ 92,662 $ 88,367 $ 192,047 $ 187,507
Rental Expenses: % Of Grand Totals 36.96% 36.54% 37.65% 36.65%
Net Operating Income $ 159,520 $ 115,875 $ 310,299 $ 272,021
Net Operating Income: % of Grand Totals 35.20% 28.80% 34.59% 31.12%
Company's Share of Net Operating Income: % of Grand Totals 28.68% 23.84% 27.99% 25.24%
San Francisco [Member]        
Segment Reporting Information [Line Items]        
Rental Revenue: Class A Office [1] $ 126,181 $ 128,233 $ 256,779 $ 264,972
Rental Revenue: Residential [1] 690 0 1,011 0
Rental Revenue Total [1] $ 126,871 $ 128,233 $ 257,790 $ 264,972
Rental Revenue: % of Grand Totals 18.02% [1] 19.91% [1] 18.32% 19.12%
Rental Expenses: Class A Office $ 40,954 $ 39,081 $ 81,203 $ 81,650
Rental Expenses: Residential 1,544 0 3,230 0
Rental Expenses: Total $ 42,498 $ 39,081 $ 84,433 $ 81,650
Rental Expenses: % Of Grand Totals 16.95% 16.17% 16.55% 15.96%
Net Operating Income $ 84,373 $ 89,152 $ 173,357 $ 183,322
Net Operating Income: % of Grand Totals 18.62% 22.15% 19.32% 20.97%
Company's Share of Net Operating Income: % of Grand Totals 20.35% 23.44% 21.06% 22.41%
Washington, DC [Member]        
Segment Reporting Information [Line Items]        
Rental Revenue: Class A Office [1] $ 84,610 $ 83,837 $ 167,025 $ 176,973
Rental Revenue: Residential [1] 5,942 6,001 11,751 11,889
Rental Revenue Total [1] $ 90,552 $ 89,838 $ 178,776 $ 188,862
Rental Revenue: % of Grand Totals 12.86% [1] 13.95% [1] 12.70% 13.63%
Rental Expenses: Class A Office $ 30,994 $ 32,680 $ 62,741 $ 67,328
Rental Expenses: Residential 2,949 2,730 5,935 5,454
Rental Expenses: Total $ 33,943 $ 35,410 $ 68,676 $ 72,782
Rental Expenses: % Of Grand Totals 13.54% 14.65% 13.46% 14.23%
Net Operating Income $ 56,609 $ 54,428 $ 110,100 $ 116,080
Net Operating Income: % of Grand Totals 12.49% 13.53% 12.27% 13.28%
Company's Share of Net Operating Income: % of Grand Totals 14.43% 15.02% 14.18% 14.95%
Hotel [Member]        
Segment Reporting Information [Line Items]        
Other revenue [1] $ 1,561 $ 99 $ 2,193 $ 6,924
Operating expense 1,996 1,973 4,047 8,794
Hotel [Member] | Boston [Member]        
Segment Reporting Information [Line Items]        
Other revenue [1] 1,561 99 2,193 6,924
Operating expense 1,996 1,973 4,047 8,794
Hotel [Member] | Los Angeles [Member]        
Segment Reporting Information [Line Items]        
Other revenue [1] 0 0 0 0
Operating expense 0 0 0 0
Hotel [Member] | New York [Member]        
Segment Reporting Information [Line Items]        
Other revenue [1] 0 0 0 0
Operating expense 0 0 0 0
Hotel [Member] | San Francisco [Member]        
Segment Reporting Information [Line Items]        
Other revenue [1] 0 0 0 0
Operating expense 0 0 0 0
Hotel [Member] | Washington, DC [Member]        
Segment Reporting Information [Line Items]        
Other revenue [1] 0 0 0 0
Operating expense 0 0 0 0
Noncontrolling interest - property partnerships [Member]        
Segment Reporting Information [Line Items]        
Net Operating Income (46,287) (32,427) (90,663) (80,088)
Noncontrolling interest - property partnerships [Member] | Boston [Member]        
Segment Reporting Information [Line Items]        
Net Operating Income (10,576) (10,576) (20,800) (21,239)
Noncontrolling interest - property partnerships [Member] | Los Angeles [Member]        
Segment Reporting Information [Line Items]        
Net Operating Income 0 0 0 0
Noncontrolling interest - property partnerships [Member] | New York [Member]        
Segment Reporting Information [Line Items]        
Net Operating Income (35,711) (21,851) (69,863) (58,849)
Noncontrolling interest - property partnerships [Member] | San Francisco [Member]        
Segment Reporting Information [Line Items]        
Net Operating Income 0 0 0 0
Noncontrolling interest - property partnerships [Member] | Washington, DC [Member]        
Segment Reporting Information [Line Items]        
Net Operating Income 0 0 0 0
Unconsolidated Joint Ventures [Member]        
Segment Reporting Information [Line Items]        
Total revenue [2] 91,226 89,563 178,492 182,766
Unconsolidated Joint Ventures [Member] | Boston [Member]        
Segment Reporting Information [Line Items]        
Net Operating Income 3,624 2,627 5,905 5,726
Unconsolidated Joint Ventures [Member] | Los Angeles [Member]        
Segment Reporting Information [Line Items]        
Net Operating Income 12,265 15,026 26,457 30,956
Unconsolidated Joint Ventures [Member] | New York [Member]        
Segment Reporting Information [Line Items]        
Net Operating Income 172 815 (621) 1,571
Unconsolidated Joint Ventures [Member] | San Francisco [Member]        
Segment Reporting Information [Line Items]        
Net Operating Income 3,580 4,127 7,060 7,286
Unconsolidated Joint Ventures [Member] | Washington, DC [Member]        
Segment Reporting Information [Line Items]        
Net Operating Income 5,776 5,316 11,411 11,130
Company's Share [Member]        
Segment Reporting Information [Line Items]        
Net Operating Income 432,299 397,888 856,665 850,638
Company's Share [Member] | Boston [Member]        
Segment Reporting Information [Line Items]        
Net Operating Income 145,715 135,000 288,465 287,121
Company's Share [Member] | Los Angeles [Member]        
Segment Reporting Information [Line Items]        
Net Operating Income 12,265 15,026 26,457 30,956
Company's Share [Member] | New York [Member]        
Segment Reporting Information [Line Items]        
Net Operating Income 123,981 94,839 239,815 214,743
Company's Share [Member] | San Francisco [Member]        
Segment Reporting Information [Line Items]        
Net Operating Income 87,953 93,279 180,417 190,608
Company's Share [Member] | Washington, DC [Member]        
Segment Reporting Information [Line Items]        
Net Operating Income $ 62,385 $ 59,744 $ 121,511 $ 127,210
[1] Rental Revenue is equal to Total Revenue per the Company’s Consolidated Statements of Operations, less Development and Management Services Revenue and Direct Reimbursements of Payroll and Related Costs from Management Services Contracts Revenue per the Consolidated Statements of Operations.
[2] Includes straight-line rent adjustments of approximately $5.0 million and $8.5 million for the three months ended June 30, 2021 and 2020, respectively, and approximately $6.1 million and $18.2 million for the six months ended June 30, 2021 and 2020, respectively.