Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2020

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 nine months ended September 30, 2020 and 2019 is set forth in Note 22 - Segment Information.


(Amounts in thousands)	For the Three Months Ended September 30, 2020							For the Three Months Ended September 30, 2019
	Total		New York		Other			Total		New York		Other
Property rentals(1)	$	312,748	$	248,328	$	64,420		$	381,740	$	308,933	$	72,807
Hotel Pennsylvania(2)	—		—		—			24,499		24,499		—
Trade shows(3)	—		—		—			8,104		—		8,104
Lease revenues(4)	312,748		248,328		64,420			414,343		333,432		80,911
Tenant services	9,505		6,589		2,916			13,295		9,342		3,953
Rental revenues	322,253		254,917		67,336			427,638		342,774		84,864
BMS cleaning fees	24,054		25,592		(1,538)		(5)	30,677		32,787		(2,110)		(5)
Management and leasing fees	11,649		11,732		(83)			3,326		3,746		(420)
Other income	6,006		904		5,102			4,320		1,261		3,059
Fee and other income	41,709		38,228		3,481			38,323		37,794		529
Total revenues	$	363,962	$	293,145	$	70,817		$	465,961	$	380,568	$	85,393

____________________

See notes below.


(Amounts in thousands)	For the Nine Months Ended September 30, 2020							For the Nine Months Ended September 30, 2019
	Total		New York		Other			Total		New York		Other
Property rentals(1)	$	992,238	$	788,248	$	203,990		$	1,211,641	$	995,661	$	215,980
Hotel Pennsylvania(2)	8,741		8,741		—			62,633		62,633		—
Trade shows(3)	11,303		—		11,303			36,607		—		36,607
Lease revenues(4)	1,012,282		796,989		215,293			1,310,881		1,058,294		252,587
Tenant services	26,439		18,310		8,129			37,933		27,904		10,029
Rental revenues	1,038,721		815,299		223,422			1,348,814		1,086,198		262,616
BMS cleaning fees	77,635		82,426		(4,791)		(5)	93,032		99,488		(6,456)		(5)
Management and leasing fees	16,353		16,307		46			10,063		10,469		(406)
Other income	18,811		5,356		13,455			11,823		4,079		7,744
Fee and other income	112,799		104,089		8,710			114,918		114,036		882
Total revenues	$	1,151,520	$	919,388	$	232,132		$	1,463,732	$	1,200,234	$	263,498

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(1)Reduced by $22,135 and $1,106 for the three months ended September 30, 2020 and 2019, respectively, and $60,766 and $16,488 for the nine months ended September 30, 2020 and 2019, respectively, for the write-off of lease receivables deemed uncollectible (primarily write-offs of receivables arising from the straight-lining of rents).

(2)Closed since April 1, 2020 as a result of the pandemic.

(3)Cancelled trade shows at theMART from late March 2020 through the remainder of the year as a result of the pandemic.

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


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2020		2019		2020		2019
Fixed lease revenues	$	306,319	$	351,426	$	955,650	$	1,159,037
Variable lease revenues	6,429		62,917		56,632		151,844
Lease revenues	$	312,748	$	414,343	$	1,012,282	$	1,310,881

(5)Represents the elimination of theMART and 555 California Street BMS cleaning fees which are included as income in the New York segment.

Components of Fixed and Variable Lease Revenues

The components of lease revenues were as follows:


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2020		2019		2020		2019
Fixed lease revenues	$	306,319	$	351,426	$	955,650	$	1,159,037
Variable lease revenues	6,429		62,917		56,632		151,844
Lease revenues	$	312,748	$	414,343	$	1,012,282	$	1,310,881