Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of Operating Activity of Reportable Segments

The table below presents the operating activity of our reportable segments:

(In thousands)	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Office Segment
Total office revenues	$	199,240	$	205,433	$	397,177	$	408,791
Office expenses	(67,141)		(72,862)		(134,361)		(145,630)
Office segment profit	132,099		132,571		262,816		263,161
Multifamily Segment
Total multifamily revenues	46,537		47,974		93,569		97,009
Multifamily expenses	(15,967)		(16,326)		(31,817)		(33,214)
Multifamily segment profit	30,570		31,648		61,752		63,795
Total profit from all segments	$	162,669	$	164,219	$	324,568	$	326,956

Schedule of Reconciliation of Segment Profit to Net Income Attributable to Common Stockholders

The table below presents a reconciliation of the net income (loss) attributable to common stockholders to the total profit from all segments:

(In thousands)	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Net income (loss) attributable to common stockholders	$	10,878	$	(7,262)	$	19,787	$	11,111
Net loss attributable to noncontrolling interests	(1,647)		(7,807)		(4,425)		(10,018)
Net income (loss)	9,231		(15,069)		15,362		1,093
General and administrative expenses	11,488		10,932		23,059		21,872
Depreciation and amortization	95,492		121,573		191,261		214,749
Other income	(7,430)		(3,049)		(14,474)		(6,332)
Other expenses	80		125		194		645
Income from unconsolidated Fund	(1,147)		(598)		(1,121)		(887)
Interest expense	54,955		50,305		110,287		95,816
Total profit from all segments	$	162,669	$	164,219	$	324,568	$	326,956