v3.26.3
Revenue Recognition (Tables)
 9 Months Ended
Sep. 30, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Revenues by Segment
Below is a summary of our revenues by segment. Additional financial information related to these reportable segments for the three and nine months ended September 30, 2026 and 2025 is set forth in Note 19 - Segment Information.
(Amounts in thousands)For the Three Months Ended September 30, 2026For the Three Months Ended September 30, 2025
Total
New York(1)
Other(1)
Total
New York(1)
Other(1)
Property rentals$377,816 $308,393 $69,423 $360,416 $289,380 $71,036 
Trade shows7,847 — 7,847 6,956 — 6,956 
Sales-type lease income2,542 2,542 — 2,507 2,507 — 
Lease revenues(2)
388,205 310,935 77,270 369,879 291,887 77,992 
Tenant services16,099 10,948 5,151 14,158 9,333 4,825 
Parking revenues5,317 4,116 1,201 5,060 3,892 1,168 
Rental revenues409,621 325,999 83,622 389,097 305,112 83,985 
BMS cleaning fees35,372 38,101 (2,729)
(3)
42,530 44,902 (2,372)
(3)
Management and leasing fees2,820 3,072 (252)2,998 3,170 (172)
Other income19,844 13,040 6,804 19,075 12,470 6,605 
Fee and other income58,036 54,213 3,823 64,603 60,542 4,061 
Total revenues$467,657 $380,212 $87,445 $453,700 $365,654 $88,046 
_________________
See notes below
(Amounts in thousands)For the Nine Months Ended September 30, 2026For the Nine Months Ended September 30, 2025
Total
New York(1)
Other(1)
Total
New York(1)
Other(1)
Property rentals$1,131,426 $927,816 $203,610 $1,103,097 $889,814 $213,283 
Trade shows21,026 — 21,026 19,807 — 19,807 
Sales-type lease income7,609 7,609 — 4,101 4,101 — 
Lease revenues(2)
1,160,061 935,425 224,636 1,127,005 893,915 233,090 
Tenant services38,128 26,785 11,343 34,177 23,990 10,187 
Parking revenues15,689 12,163 3,526 14,922 11,657 3,265 
Rental revenues1,213,878 974,373 239,505 1,176,104 929,562 246,542 
BMS cleaning fees108,059 116,018 (7,959)
(3)
116,437 123,143 (6,706)
(3)
Management and leasing fees8,193 8,695 (502)8,954 9,525 (571)
Other income58,874 38,928 19,946 55,221 34,492 20,729 
Fee and other income175,126 163,641 11,485 180,612 167,160 13,452 
Total revenues$1,389,004 $1,138,014 $250,990 $1,356,716 $1,096,722 $259,994 
________________
(1)We have recast certain prior period disclosures to reflect changes to the property composition of our reportable segments. See Note 2 - Basis of Presentation for additional information.
(2)The components of lease revenues were as follows:
For the Three Months Ended September 30,For the Nine Months Ended September 30,
2026202520262025
Fixed billings$356,985 $340,797 $1,048,908 $1,030,936 
Variable billings28,678 26,575 103,544 91,968 
Total contractual operating lease billings385,663 367,372 1,152,452 1,122,904 
Sales-type lease income2,542 2,507 7,609 4,101 
Lease revenues$388,205 $369,879 $1,160,061 $1,127,005 
(3)Represents the elimination of Building Maintenance Services LLC ("BMS") cleaning fees related to THE MART and 555 California Street which are included as income in the New York segment.
Schedule of Components of Lease Revenues The components of lease revenues were as follows:
For the Three Months Ended September 30,For the Nine Months Ended September 30,
2026202520262025
Fixed billings$356,985 $340,797 $1,048,908 $1,030,936 
Variable billings28,678 26,575 103,544 91,968 
Total contractual operating lease billings385,663 367,372 1,152,452 1,122,904 
Sales-type lease income2,542 2,507 7,609 4,101 
Lease revenues$388,205 $369,879 $1,160,061 $1,127,005