Consolidated Statements of Operations (unaudited) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Revenues: | ||||
| Rental revenue | $ 165,166 | $ 153,540 | $ 331,271 | $ 308,082 |
| Observatory revenue | 24,225 | 33,899 | 42,735 | 57,060 |
| Lease termination fees | 0 | 464 | 1,356 | 464 |
| Third-party management and other fees | 268 | 408 | 545 | 839 |
| Other revenue and fees | 7,240 | 2,939 | 11,317 | 4,871 |
| Total revenues | 196,899 | 191,250 | 387,224 | 371,316 |
| Operating expenses: | ||||
| Property operating expenses | 47,774 | 44,880 | 95,518 | 89,940 |
| Ground rent expenses | 1,506 | 2,332 | 3,837 | 4,663 |
| General and administrative expenses | 25,123 | 18,685 | 43,216 | 35,625 |
| Observatory expenses | 11,795 | 9,822 | 19,663 | 17,940 |
| Real estate taxes | 32,912 | 32,607 | 67,525 | 65,657 |
| Goodwill impairment charge | 166,113 | 0 | 166,113 | 0 |
| Depreciation and amortization | 50,389 | 47,802 | 100,608 | 96,581 |
| Total operating expenses | 335,612 | 156,128 | 496,480 | 310,406 |
| Total operating income (loss) | (138,713) | 35,122 | (109,256) | 60,910 |
| Other income (expense): | ||||
| Interest income | 1,575 | 1,867 | 2,188 | 5,653 |
| Interest expense | (27,805) | (25,126) | (55,942) | (52,064) |
| Interest expense associated with property in receivership | 0 | 0 | 0 | (647) |
| Gain on disposition of properties | 124,622 | 0 | 124,622 | 13,170 |
| Income (loss) before income taxes | (40,321) | 11,863 | (38,388) | 27,022 |
| Income tax (expense) benefit | 767 | (478) | 1,829 | 141 |
| Net income (loss) | (39,554) | 11,385 | (36,559) | 27,163 |
| Non-controlling interest in the Operating Partnership | 14,782 | (3,815) | 14,072 | (9,323) |
| Private perpetual preferred unit distributions | (1,051) | (1,051) | (2,101) | (2,101) |
| Net income (loss) attributable to common stockholders | $ (25,823) | $ 6,519 | $ (24,588) | $ 15,739 |
| Total weighted average shares: | ||||
| Basic (in shares) | 171,039 | 168,368 | 171,101 | 167,644 |
| Diluted (in shares) | 268,947 | 269,951 | 268,870 | 269,739 |
| Earnings per share attributable to common stockholders: | ||||
| Basic (in USD per share) | $ (0.15) | $ 0.04 | $ (0.14) | $ 0.09 |
| Diluted (in USD per share) | (0.15) | 0.04 | (0.14) | 0.09 |
| Dividends per share (in USD per share) | $ 0.035 | $ 0.035 | $ 0.070 | $ 0.070 |
| X | ||||||||||
- Definition Ground Rent Expense No definition available.
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- Definition Interest Expense, Nonoperating, Excluding Property In Receivership No definition available.
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- Definition Interest Expense, Nonoperating, Property In Receivership No definition available.
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- Definition Lease Termination Fees Revenue No definition available.
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- Definition Observatory Expense No definition available.
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- Definition Observatory Revenue No definition available.
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- Definition Third-Party Management And Other Fees Revenue No definition available.
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- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The net gain (loss) resulting from sales and other disposals of real estate owned for investment purposes. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of impairment loss from asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount after accretion (amortization) of discount (premium), and investment expense, of interest income and dividend income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount after tax of income (loss) attributable to nonredeemable noncontrolling partner in an operating partnership. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
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| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of operating lease income from lease payments and variable lease payments paid and payable to lessor. Includes, but is not limited to, variable lease payments not included in measurement of lease receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The total amount of other operating income, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The aggregate value of preferred stock dividends and other adjustments necessary to derive net income apportioned to common stockholders. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition A tax based on the assessed value of real estate by the local government. The tax is usually based on the value of property (including the land). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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