Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2021

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, 2021 and 2020 is set forth in Note 19 - Segment Information.


(Amounts in thousands)	For the Three Months Ended March 31, 2021
	Total		New York		Other
Property rentals	$	332,058	$	261,691	$	70,367

Trade shows(1)	—		—		—
Lease revenues(2)	332,058		261,691		70,367
Tenant services	7,259		5,009		2,250
Rental revenues	339,317		266,700		72,617
BMS cleaning fees	28,477		29,948		(1,471)		(3)
Management and leasing fees	5,369		5,522		(153)
Other income	6,814		1,801		5,013
Fee and other income	40,660		37,271		3,389
Total revenues	$	379,977	$	303,971	$	76,006

____________________

See notes below.


(Amounts in thousands)	For the Three Months Ended March 31, 2020
	Total		New York		Other
Property rentals	$	371,174	$	298,612	$	72,562
Hotel Pennsylvania(4)	8,741		8,741		—
Trade shows	11,303		—		11,303
Lease revenues(2)	391,218		307,353		83,865
Tenant services	10,056		7,380		2,676
Rental revenues	401,274		314,733		86,541
BMS cleaning fees	32,466		34,429		(1,963)		(3)
Management and leasing fees	2,867		2,874		(7)
Other income	7,925		3,579		4,346
Fee and other income	43,258		40,882		2,376
Total revenues	$	444,532	$	355,615	$	88,917

____________________

(1)We cancelled trade shows at theMART beginning late March of 2020 due to the COVID-19 pandemic.

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


	For the Three Months Ended March 31,
	2021		2020
Fixed billings	$	309,860	$	354,314
Variable billings	31,649		45,221
Total contractual operating lease billings	341,509		399,535
Adjustment for straight-line rents and amortization of acquired below-market leases and other, net	(5,781)		(7,273)
Less: write-off of straight-line rent and tenant receivables deemed uncollectible	(3,670)		(1,044)
Lease revenues	$	332,058	$	391,218

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

(4)We temporarily closed the Hotel Pennsylvania on April 1, 2020 and on April 5, 2021, we announced that we permanently closed the hotel.

Components of Fixed and Variable Lease Revenues

The components of lease revenues were as follows:


	For the Three Months Ended March 31,
	2021		2020
Fixed billings	$	309,860	$	354,314
Variable billings	31,649		45,221
Total contractual operating lease billings	341,509		399,535
Adjustment for straight-line rents and amortization of acquired below-market leases and other, net	(5,781)		(7,273)
Less: write-off of straight-line rent and tenant receivables deemed uncollectible	(3,670)		(1,044)
Lease revenues	$	332,058	$	391,218