Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2021 and 2020 is set forth in Note 21 - Segment Information.


(Amounts in thousands)	For the Three Months Ended June 30, 2021							For the Three Months Ended June 30, 2020
	Total		New York		Other			Total		New York		Other
Property rentals(1)	$	330,944	$	260,953	$	69,991		$	308,316	$	241,308	$	67,008

Trade shows(2)	—		—		—			—		—		—
Lease revenues(3)	330,944		260,953		69,991			308,316		241,308		67,008
Tenant services	8,652		5,928		2,724			6,878		4,341		2,537
Rental revenues	339,596		266,881		72,715			315,194		245,649		69,545
BMS cleaning fees	28,083		29,600		(1,517)		(4)	21,115		22,405		(1,290)		(4)
Management and leasing fees	3,073		3,088		(15)			1,837		1,701		136
Other income	8,189		1,575		6,614			4,880		873		4,007
Fee and other income	39,345		34,263		5,082			27,832		24,979		2,853
Total revenues	$	378,941	$	301,144	$	77,797		$	343,026	$	270,628	$	72,398

____________________

See notes below.


(Amounts in thousands)	For the Six Months Ended June 30, 2021							For the Six Months Ended June 30, 2020
	Total		New York		Other			Total		New York		Other
Property rentals(1)	$	663,002	$	522,644	$	140,358		$	679,490	$	539,920	$	139,570
Hotel Pennsylvania(5)	—		—		—			8,741		8,741		—
Trade shows(2)	—		—		—			11,303		—		11,303
Lease revenues(3)	663,002		522,644		140,358			699,534		548,661		150,873
Tenant services	15,911		10,937		4,974			16,934		11,721		5,213
Rental revenues	678,913		533,581		145,332			716,468		560,382		156,086
BMS cleaning fees	56,560		59,548		(2,988)		(4)	53,581		56,834		(3,253)		(4)
Management and leasing fees	8,442		8,610		(168)			4,704		4,575		129
Other income	15,003		3,376		11,627			12,805		4,452		8,353
Fee and other income	80,005		71,534		8,471			71,090		65,861		5,229
Total revenues	$	758,918	$	605,115	$	153,803		$	787,558	$	626,243	$	161,315

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(1)Reduced by $37,587 and $38,631 for the three and six months ended June 30, 2020, respectively, for the write-off of lease receivables deemed uncollectible (primarily write-offs of receivables arising from the straight-lining of rents).

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

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


	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2021		2020		2021		2020
Fixed billings	$	305,963	$	322,342	$	615,823	$	676,656
Variable billings	30,123		25,262		61,772		70,483
Total contractual operating lease billings	336,086		347,604		677,595		747,139
Adjustment for straight-line rents and amortization of acquired below-market leases, net	(3,573)		(1,701)		(9,354)		(8,974)
Less: write-off of straight-line rent and tenant receivables deemed uncollectible	(1,569)		(37,587)		(5,239)		(38,631)
Lease revenues	$	330,944	$	308,316	$	663,002	$	699,534

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

(5)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 June 30,				For the Six Months Ended June 30,
	2021		2020		2021		2020
Fixed billings	$	305,963	$	322,342	$	615,823	$	676,656
Variable billings	30,123		25,262		61,772		70,483
Total contractual operating lease billings	336,086		347,604		677,595		747,139
Adjustment for straight-line rents and amortization of acquired below-market leases, net	(3,573)		(1,701)		(9,354)		(8,974)
Less: write-off of straight-line rent and tenant receivables deemed uncollectible	(1,569)		(37,587)		(5,239)		(38,631)
Lease revenues	$	330,944	$	308,316	$	663,002	$	699,534