v3.26.1
Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 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 June 30,Six Months Ended June 30,
2026202520262025
Office Segment
Total office revenues$206,034 $202,810 $406,554 $404,907 
Office expenses(77,597)(76,559)(152,073)(149,612)
Office segment profit128,437 126,251 254,481 255,295 
Multifamily Segment
Total multifamily revenues50,514 49,624 100,953 99,062 
Multifamily expenses(16,827)(16,230)(33,386)(32,785)
Multifamily segment profit33,687 33,394 67,567 66,277 
Total profit from all segments$162,124 $159,645 $322,048 $321,572 
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 June 30,Six Months Ended June 30,
2026202520262025
Net (loss) income attributable to common stockholders$(2,681)$(5,835)$(5,179)$33,965 
Net loss attributable to noncontrolling interests(12,260)(9,228)(22,371)(4,449)
Net (loss) income(14,941)(15,063)(27,550)29,516 
General and administrative expenses12,482 12,281 26,058 23,741 
Depreciation and amortization99,297 101,719 196,704 199,559 
Other income(3,049)(4,788)(6,040)(9,711)
Other expenses80 161 80 266 
Interest expense68,255 65,335 132,796 125,413 
Gain from consolidation of JV— — — (47,212)
Total profit from all segments$162,124 $159,645 $322,048 $321,572