v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Total revenues $ 256,548 $ 252,434 $ 507,507 $ 503,969
Operating Expenses        
General and administrative expenses 12,482 12,281 26,058 23,741
Depreciation and amortization 99,297 101,719 196,704 199,559
Total operating expenses 206,203 206,789 408,221 405,697
Other income 3,049 4,788 6,040 9,711
Other expenses (80) (161) (80) (266)
Interest expense (68,255) (65,335) (132,796) (125,413)
Gain from consolidation of JV 0 0 0 47,212
Net (loss) income (14,941) (15,063) (27,550) 29,516
Net loss attributable to noncontrolling interests 12,260 9,228 22,371 4,449
Net (loss) income attributable to common stockholders $ (2,681) $ (5,835) $ (5,179) $ 33,965
Net (loss) income per common share - basic (in usd per share) $ (0.02) $ (0.04) $ (0.04) $ 0.20
Net (loss) income per common share – diluted (in usd per share) $ (0.02) $ (0.04) $ (0.04) $ 0.20
Office rental        
Revenues        
Total revenues $ 206,034 $ 202,810 $ 406,554 $ 404,907
Operating Expenses        
Operating expenses 77,597 76,559 152,073 149,612
Office rental | Rental revenues and tenant recoveries        
Revenues        
Total revenues 174,008 172,924 343,060 345,438
Office rental | Parking and other income        
Revenues        
Total revenues 32,026 29,886 63,494 59,469
Multifamily rental        
Revenues        
Total revenues 50,514 49,624 100,953 99,062
Operating Expenses        
Operating expenses 16,827 16,230 33,386 32,785
Multifamily rental | Parking and other income        
Revenues        
Total revenues 4,471 4,254 8,904 8,496
Multifamily rental | Rental revenues        
Revenues        
Total revenues $ 46,043 $ 45,370 $ 92,049 $ 90,566