v3.26.1
Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Summary of Operating Activity of Reportable Segments
The table below presents the operating activity of our reportable segments:

(In thousands)Three Months Ended March 31,
20262025
Office Segment
Total office revenues$200,520 $202,097 
Office expenses(74,476)(73,053)
Office segment profit126,044 129,044 
Multifamily Segment
Total multifamily revenues50,439 49,438 
Multifamily expenses(16,559)(16,555)
Multifamily segment profit33,880 32,883 
Total profit from all segments$159,924 $161,927 
Schedule of Reconciliation of Segment Profit to Net Income Attributable to Common Stockholders
The table below presents a reconciliation of the net (loss) income attributable to common stockholders to the total profit from all segments:

(In thousands)Three Months Ended March 31,
 20262025
Net (loss) income attributable to common stockholders$(2,498)$39,800 
Net loss (income) attributable to noncontrolling interests(10,111)4,779 
Net (loss) income(12,609)44,579 
General and administrative expenses13,576 11,460 
Depreciation and amortization97,407 97,840 
Other income(2,991)(4,923)
Other expenses— 105 
Interest expense64,541 60,078 
Gain from consolidation of JV— (47,212)
Total profit from all segments$159,924 $161,927