Revenue Recognition

6 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Revenue Recognition

The following is a summary of revenue sources for the three and six months ended June 30, 2022 and 2021.

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
(Amounts in thousands)	2022		2021		2022		2021
Lease revenues	$	47,711	$	48,904	$	94,519	$	103,315
Parking revenue	1,165		1,212		2,393		2,008
Tenant services	948		1,272		2,127		2,218
Rental revenues	$	49,824	$	51,388	$	99,039	$	107,541

4.Revenue Recognition - continued

The components of lease revenues for the three and six months ended June 30, 2022 and 2021 are as follows:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
(Amounts in thousands)	2022		2021		2022		2021
Fixed lease revenues	$	33,418	$	32,233	$	65,621	$	66,043
Variable lease revenues	14,293		16,671		28,898		37,272
Lease revenues	$	47,711	$	48,904	$	94,519	$	103,315

Bloomberg L.P. (“Bloomberg”) accounted for revenue of $55,909,000 and $57,513,000 for the six months ended June 30, 2022 and 2021, respectively, representing approximately 56% and 53% of our total revenues in each period, respectively. No other tenant accounted for more than 10% of our total revenues. If we were to lose Bloomberg as a tenant, or if Bloomberg were to be unable to fulfill its obligations under its lease, it would adversely affect our results of operations and financial condition. In order to assist us in our continuing assessment of Bloomberg’s creditworthiness, we receive certain confidential financial information and metrics from Bloomberg. In addition, we access and evaluate financial information regarding Bloomberg from other private sources, as well as publicly available data.