Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-10-31 | 2006-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
office rental | 32,966,000 | -71,107,000 | 34,490,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rental revenues and tenant recoveries | 171,402,000 | 172,924,000 | 172,514,000 | 168,649,000 | 174,457,000 | 171,069,000 | 169,726,000 | 179,499,000 | 181,106,000 | 177,792,000 | 176,345,000 | 181,596,000 | 182,011,000 | 180,097,000 | 180,427,000 | 181,555,000 | 181,455,000 | 173,757,000 | 168,179,000 | 166,148,000 | 169,571,000 | 158,813,000 | 185,827,000 | 180,389,000 | 175,017,000 | 171,674,000 | 167,235,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
parking and other income | 29,657,000 | 29,886,000 | 29,583,000 | 27,917,000 | 28,204,000 | 28,171,000 | 28,211,000 | 32,832,000 | 27,717,000 | 27,641,000 | 27,013,000 | 26,233,000 | 25,916,000 | 25,580,000 | 22,713,000 | 22,890,000 | 22,401,000 | 18,169,000 | 18,464,000 | 19,248,000 | 19,324,000 | 18,176,000 | 34,062,000 | 30,987,000 | 30,883,000 | 30,515,000 | 30,055,000 | 28,955,000 | 30,374,000 | 28,946,000 | 28,509,000 | 27,565,000 | 27,771,000 | 27,076,000 | 26,282,000 | 26,000,000 | 25,950,000 | 25,460,000 | 23,162,000 | 21,498,000 | 21,715,000 | 21,520,000 | 20,655,000 | 19,890,000 | 19,404,000 | 19,576,000 | 19,567,000 | 18,738,000 | 18,677,000 | 18,834,000 | 18,508,000 | 17,343,000 | 17,658,000 | 17,885,000 | 17,257,000 | 16,723,000 | 17,100,000 | 17,046,000 | 16,860,000 | 17,485,000 | 15,838,000 | 15,551,000 | 15,266,000 | 15,939,000 | 16,404,000 | 17,634,000 | 30,246,000 | 14,681,000 | 13,911,000 | 12,660,000 | 12,313,000 | 12,137,000 | 11,098,000 | 11,100,000 | -21,112,000 | 8,967,000 |
total office revenues | 201,059,000 | 202,810,000 | 202,097,000 | 196,566,000 | 202,661,000 | 199,240,000 | 197,937,000 | 212,331,000 | 208,823,000 | 205,433,000 | 203,358,000 | 207,829,000 | 207,927,000 | 205,677,000 | 203,140,000 | 204,445,000 | 203,856,000 | 191,926,000 | 186,643,000 | 185,396,000 | 188,895,000 | 176,989,000 | 219,889,000 | 211,376,000 | 205,900,000 | 202,189,000 | 197,290,000 | 199,783,000 | 197,054,000 | 193,761,000 | 187,333,000 | 185,038,000 | 184,618,000 | 175,542,000 | 170,348,000 | 170,550,000 | 167,608,000 | 163,096,000 | 144,379,000 | 136,503,000 | 136,225,000 | 136,791,000 | 131,456,000 | 130,813,000 | 127,962,000 | 131,560,000 | 129,087,000 | 128,176,000 | 130,339,000 | 129,662,000 | 126,423,000 | 124,388,000 | 127,423,000 | 128,195,000 | 125,270,000 | 125,342,000 | 126,441,000 | 127,899,000 | 125,395,000 | 131,081,000 | 122,243,000 | 120,776,000 | 122,412,000 | 123,461,000 | 122,748,000 | 134,146,000 | 150,586,000 | 135,803,000 | 132,393,000 | 117,044,000 | 115,399,000 | 113,433,000 | 109,344,000 | 110,570,000 | ||
multifamily rental | 4,923,000 | -10,284,000 | 4,763,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rental revenues | 45,223,000 | 45,370,000 | 45,196,000 | 44,314,000 | 44,091,000 | 42,653,000 | 43,220,000 | 43,170,000 | 42,864,000 | 44,289,000 | 43,973,000 | 42,079,000 | 41,057,000 | 37,950,000 | 31,228,000 | 31,162,000 | 29,878,000 | 27,972,000 | 27,083,000 | 26,326,000 | 25,727,000 | 25,872,000 | 29,086,000 | 29,642,000 | 29,854,000 | 26,308,000 | 24,893,000 | -352,825,000 | 150,316,000 | 150,161,000 | 147,771,000 | 143,172,000 | 140,993,000 | 135,665,000 | 133,016,000 | 131,814,000 | 128,744,000 | 126,650,000 | 111,006,000 | 104,553,000 | 103,436,000 | 103,808,000 | 100,651,000 | 100,182,000 | 97,465,000 | 100,264,000 | 98,613,000 | 98,464,000 | 99,795,000 | 99,110,000 | 97,330,000 | 96,051,000 | 98,428,000 | 98,523,000 | 98,038,000 | 98,375,000 | 97,740,000 | 98,109,000 | 99,210,000 | 101,509,000 | 98,695,000 | 98,747,000 | 98,898,000 | 99,463,000 | 99,210,000 | 108,546,000 | 110,471,000 | 112,787,000 | 111,213,000 | 99,016,000 | 97,833,000 | 94,592,000 | 92,884,000 | 91,612,000 | -165,057,000 | 76,922,000 |
total multifamily revenues | 49,521,000 | 49,624,000 | 49,438,000 | 48,413,000 | 48,092,000 | 46,537,000 | 47,032,000 | 46,948,000 | 46,586,000 | 47,974,000 | 49,035,000 | 46,308,000 | 45,736,000 | 41,293,000 | 35,742,000 | 34,407,000 | 34,388,000 | 33,080,000 | 29,652,000 | 29,994,000 | 28,092,000 | 30,807,000 | 31,461,000 | 32,517,000 | 32,169,000 | 28,345,000 | 26,896,000 | 26,509,000 | 26,254,000 | 25,708,000 | 24,914,000 | 24,152,000 | 24,131,000 | 24,090,000 | 24,133,000 | 24,093,000 | 24,513,000 | 24,119,000 | 24,193,000 | 23,928,000 | 23,852,000 | 23,666,000 | 23,353,000 | 20,278,000 | 20,184,000 | 19,866,000 | 19,789,000 | 19,500,000 | 19,347,000 | 19,054,000 | 19,035,000 | 18,762,000 | 18,570,000 | 18,273,000 | 18,118,000 | 17,937,000 | 17,618,000 | 17,509,000 | 17,196,000 | 16,989,000 | 16,966,000 | 17,011,000 | 17,009,000 | 16,966,000 | 17,047,000 | 17,271,000 | 17,889,000 | 17,433,000 | 16,982,000 | 17,784,000 | 17,565,000 | 17,499,000 | 17,405,000 | 17,005,000 | ||
total revenues | 250,580,000 | 252,434,000 | 251,535,000 | 244,979,000 | 250,753,000 | 245,777,000 | 244,969,000 | 259,279,000 | 255,409,000 | 253,407,000 | 252,393,000 | 254,137,000 | 253,663,000 | 246,970,000 | 238,882,000 | 238,852,000 | 238,244,000 | 225,006,000 | 216,295,000 | 215,390,000 | 216,987,000 | 207,796,000 | 251,350,000 | 243,893,000 | 238,069,000 | 230,534,000 | 224,186,000 | 226,292,000 | 223,308,000 | 219,469,000 | 212,247,000 | 209,190,000 | 208,749,000 | 199,632,000 | 194,481,000 | 194,643,000 | 192,121,000 | 187,215,000 | 168,572,000 | 160,431,000 | 160,077,000 | 160,457,000 | 154,809,000 | 151,091,000 | 148,146,000 | 151,426,000 | 148,876,000 | 147,676,000 | 149,686,000 | 148,716,000 | 145,458,000 | 143,150,000 | 145,993,000 | 146,468,000 | 143,388,000 | 143,279,000 | 144,059,000 | 145,408,000 | 142,591,000 | 148,070,000 | 139,209,000 | 137,787,000 | 139,421,000 | 140,427,000 | 139,795,000 | 151,417,000 | 168,475,000 | 153,236,000 | 149,375,000 | 134,828,000 | 132,964,000 | 130,932,000 | 126,749,000 | 127,575,000 | ||
operating expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
office expenses | 74,065,000 | 76,559,000 | 73,053,000 | 72,965,000 | 78,026,000 | 67,141,000 | 67,220,000 | 74,049,000 | 74,631,000 | 72,862,000 | 72,768,000 | 72,516,000 | 74,653,000 | 69,979,000 | 67,374,000 | 69,631,000 | 70,026,000 | 63,541,000 | 62,178,000 | 69,338,000 | 68,956,000 | 60,301,000 | 69,664,000 | 67,971,000 | 68,754,000 | 64,308,000 | 63,449,000 | 64,289,000 | 66,288,000 | 61,818,000 | 60,356,000 | 58,393,000 | 62,468,000 | 57,887,000 | 54,885,000 | 56,356,000 | 56,926,000 | 53,381,000 | 47,883,000 | 46,620,000 | 49,195,000 | |||||||||||||||||||||||||||||||||||
multifamily expenses | 17,117,000 | 16,230,000 | 16,555,000 | 16,349,000 | 16,740,000 | 15,967,000 | 15,850,000 | 16,853,000 | 17,256,000 | 16,326,000 | 16,888,000 | 13,570,000 | 13,661,000 | 11,895,000 | 10,173,000 | 9,797,000 | 9,666,000 | 9,251,000 | 9,311,000 | 9,629,000 | 9,313,000 | 8,856,000 | 9,356,000 | 9,287,000 | 9,127,000 | 7,712,000 | 7,555,000 | 7,396,000 | 7,114,000 | 6,908,000 | 6,698,000 | 6,535,000 | 6,041,000 | 5,878,000 | 5,947,000 | 5,995,000 | 5,950,000 | 5,341,000 | 6,031,000 | 5,921,000 | 6,191,000 | |||||||||||||||||||||||||||||||||||
general and administrative expenses | 10,773,000 | 12,281,000 | 11,460,000 | 12,188,000 | 10,109,000 | 11,488,000 | 11,571,000 | 14,538,000 | 12,826,000 | 10,932,000 | 10,940,000 | 11,232,000 | 11,272,000 | 11,661,000 | 11,240,000 | 11,990,000 | 11,435,000 | 9,558,000 | 9,571,000 | 9,934,000 | 9,469,000 | 9,863,000 | 10,335,000 | 9,859,000 | 9,218,000 | 9,159,000 | 9,832,000 | 16,650,000 | 10,415,000 | |||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 101,203,000 | 101,719,000 | 97,840,000 | 95,607,000 | 97,180,000 | 95,492,000 | 95,769,000 | 123,178,000 | 122,022,000 | 121,573,000 | 93,176,000 | 93,210,000 | 96,276,000 | 93,947,000 | 89,365,000 | 91,488,000 | 93,104,000 | 93,900,000 | 92,797,000 | 93,754,000 | 94,952,000 | 98,765,000 | 97,777,000 | 108,867,000 | 90,279,000 | 78,724,000 | 79,873,000 | 89,920,000 | 74,067,000 | 73,379,000 | 72,498,000 | 70,620,000 | 69,974,000 | 68,793,000 | 67,374,000 | 66,967,000 | 63,827,000 | 62,568,000 | 55,552,000 | 52,024,000 | 52,229,000 | 51,246,000 | 49,834,000 | 51,263,000 | 50,111,000 | 50,939,000 | 50,199,000 | 49,823,000 | 47,402,000 | 48,091,000 | 46,024,000 | 45,778,000 | 46,546,000 | 46,728,000 | 45,797,000 | 45,557,000 | 45,872,000 | 57,114,000 | 57,153,000 | 57,621,000 | 54,921,000 | 55,332,000 | 54,288,000 | 55,529,000 | 55,729,000 | 61,074,000 | 63,793,000 | 63,611,000 | 63,858,000 | 56,749,000 | 57,349,000 | 50,629,000 | 50,494,000 | 51,121,000 | -52,699,000 | 31,604,000 |
total operating expenses | 203,158,000 | 206,789,000 | 198,908,000 | 197,109,000 | 202,055,000 | 190,088,000 | 190,410,000 | 228,618,000 | 226,735,000 | 221,693,000 | 193,772,000 | 190,528,000 | 195,862,000 | 187,482,000 | 178,152,000 | 182,906,000 | 184,231,000 | 176,250,000 | 173,857,000 | 182,655,000 | 182,690,000 | 177,785,000 | 187,132,000 | 195,984,000 | 177,378,000 | 159,903,000 | 160,709,000 | 171,802,000 | 156,909,000 | 151,542,000 | 149,119,000 | 144,593,000 | 146,924,000 | 141,150,000 | 138,362,000 | 138,702,000 | 134,802,000 | 130,693,000 | 117,537,000 | 113,360,000 | 114,482,000 | 111,191,000 | 107,214,000 | 109,108,000 | 109,666,000 | 107,412,000 | 105,499,000 | 104,960,000 | 105,599,000 | 102,837,000 | 99,438,000 | 101,523,000 | 102,448,000 | 100,844,000 | 98,374,000 | 100,066,000 | 101,952,000 | 110,853,000 | 109,992,000 | 112,759,000 | 102,497,000 | 101,864,000 | 103,444,000 | 104,365,000 | 102,639,000 | 112,254,000 | 131,478,000 | 113,007,000 | 109,920,000 | 97,275,000 | 98,686,000 | 93,640,000 | 90,610,000 | 94,052,000 | -117,440,000 | 81,272,000 |
other income | 4,359,000 | 4,788,000 | 4,923,000 | 6,247,000 | 7,298,000 | 7,430,000 | 7,044,000 | 7,072,000 | 6,229,000 | 3,049,000 | 3,283,000 | 2,097,000 | 1,649,000 | 474,000 | 367,000 | 287,000 | 498,000 | 1,329,000 | 351,000 | 13,320,000 | 654,000 | 325,000 | 1,989,000 | 2,911,000 | 2,952,000 | 2,892,000 | 2,898,000 | 3,041,000 | 2,951,000 | 2,792,000 | 2,630,000 | 2,560,000 | 2,659,000 | 2,331,000 | 2,162,000 | 2,232,000 | 2,295,000 | 2,143,000 | 2,089,000 | 2,125,000 | 2,129,000 | 2,415,000 | 8,559,000 | 5,033,000 | 3,769,000 | 4,586,000 | 4,287,000 | 2,237,000 | 2,138,000 | 1,250,000 | 410,000 | 356,000 | 190,000 | 159,000 | 233,000 | 208,000 | 299,000 | 343,000 | 256,000 | 257,000 | 151,000 | 246,000 | 122,250 | -43,000 | ||||||||||||
other incomes | -167,000 | -161,000 | -105,000 | -108,000 | -96,000 | -80,000 | -114,000 | -212,000 | -175,000 | -125,000 | -520,000 | -153,000 | -199,000 | -179,000 | -183,000 | -173,000 | -147,000 | -454,000 | -163,000 | -285,000 | -788,000 | -478,000 | -1,396,000 | -1,908,000 | -1,656,000 | -1,807,000 | -1,845,000 | -2,092,000 | -1,561,000 | -2,086,000 | -1,733,000 | -1,881,000 | -1,659,000 | -1,773,000 | -1,724,000 | -1,646,000 | -1,728,000 | -1,684,000 | -1,551,000 | -1,674,000 | -1,605,000 | -1,619,000 | -1,572,000 | -1,981,000 | -1,983,000 | -1,678,000 | -1,453,000 | -1,422,000 | -1,402,000 | -1,019,000 | ||||||||||||||||||||||||||
income from unconsolidated fund | 808,000 | 664,000 | 1,147,000 | -26,000 | -35,820,000 | 290,000 | 598,000 | 289,000 | 303,000 | 356,000 | 318,000 | 247,000 | 178,250 | 260,000 | 286,000 | 167,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | -72,809,000 | -65,335,000 | -60,078,000 | -62,331,000 | -56,824,000 | -54,955,000 | -55,332,000 | -57,609,000 | -56,043,000 | -50,305,000 | -45,511,000 | -40,625,000 | -38,394,000 | -36,264,000 | -34,902,000 | -37,478,000 | -38,878,000 | -35,935,000 | -35,205,000 | -36,095,000 | -36,167,000 | -35,190,000 | -35,420,000 | -35,555,000 | -40,397,000 | -34,063,000 | -33,293,000 | -33,513,000 | -33,721,000 | -33,268,000 | -32,900,000 | -34,768,000 | -35,454,000 | -38,000,000 | -36,954,000 | -36,306,000 | -36,479,000 | -37,703,000 | -35,660,000 | -33,932,000 | -32,705,000 | -35,177,000 | -33,639,000 | -32,619,000 | -32,098,000 | -31,952,000 | -31,838,000 | -32,716,000 | -32,601,000 | -32,399,000 | -32,832,000 | -35,697,000 | -36,844,000 | -36,591,000 | -38,210,000 | -37,717,000 | -40,852,000 | -31,676,000 | -38,498,000 | -45,676,000 | -45,134,000 | -45,643,000 | -45,326,000 | -44,606,000 | -49,222,000 | -48,147,000 | -52,586,000 | -51,791,000 | -41,203,000 | -42,497,000 | -41,504,000 | -38,313,000 | -38,302,000 | |||
gain from consolidation of jv | 47,212,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | -21,195,000 | -15,063,000 | 44,579,000 | -7,514,000 | -260,000 | 9,231,000 | 6,131,000 | -55,908,000 | -21,025,000 | -15,069,000 | 16,162,000 | 25,231,000 | 21,213,000 | 23,837,000 | 26,259,000 | 18,815,000 | 15,746,000 | 13,982,000 | 7,588,000 | 16,170,000 | -1,859,000 | -5,472,000 | 29,714,000 | 322,629,000 | 23,421,000 | 39,860,000 | 32,788,000 | 23,532,000 | 35,416,000 | 37,033,000 | 32,631,000 | 31,986,000 | 28,508,000 | 22,153,000 | 21,780,000 | 22,466,000 | 35,798,000 | 21,780,000 | 16,046,000 | 16,606,000 | 14,159,000 | 15,894,000 | 22,096,000 | 12,798,000 | 8,681,000 | 15,917,000 | 15,458,000 | 10,504,000 | 12,743,000 | 14,978,000 | 14,612,000 | 7,340,000 | 6,228,000 | 8,075,000 | 6,702,000 | 4,408,000 | 4,404,000 | -6,209,000 | -345,000 | -4,743,000 | -11,305,000 | -10,469,000 | -11,277,000 | -11,112,000 | -9,518,000 | -2,250,000 | -6,369,000 | -9,696,000 | -9,428,000 | -2,500,000 | -5,690,000 | -2,785,000 | -1,260,000 | -3,273,000 | -12,706,000 | -25,706,000 |
yoy | 8051.92% | -263.18% | 627.11% | -86.56% | -98.76% | -161.26% | -62.07% | -321.58% | -199.11% | -163.22% | -38.45% | 34.10% | 34.72% | 70.48% | 246.06% | 16.36% | -947.01% | -355.52% | -74.46% | -94.99% | -107.94% | -113.73% | -9.38% | 1271.02% | -33.87% | 7.63% | 0.48% | -26.43% | 24.23% | 67.17% | 49.82% | 42.38% | -20.36% | 1.71% | 35.73% | 35.29% | 152.83% | 37.03% | -27.38% | 29.75% | 63.10% | -0.14% | 42.94% | 21.84% | -31.88% | 6.27% | 5.79% | 43.11% | 104.61% | 85.49% | 118.02% | 66.52% | 41.42% | -230.05% | -2042.61% | -192.94% | -138.96% | -40.69% | -96.94% | -57.32% | 18.77% | 365.29% | 77.06% | 14.60% | 0.95% | -10.00% | 11.93% | 248.15% | 648.25% | -23.62% | -55.22% | -89.17% | ||||
qoq | 40.71% | -133.79% | -693.28% | 2790.00% | -102.82% | 50.56% | -110.97% | 165.91% | 39.52% | -193.24% | -35.94% | 18.94% | -11.01% | -9.22% | 39.56% | 19.49% | 12.62% | 84.26% | -53.07% | -969.82% | -66.03% | -118.42% | -90.79% | 1277.52% | -41.24% | 21.57% | 39.33% | -33.56% | -4.37% | 13.49% | 2.02% | 12.20% | 28.69% | 1.71% | -3.05% | -37.24% | 64.36% | 35.73% | -3.37% | 17.28% | -10.92% | -28.07% | 72.65% | 47.43% | -45.46% | 2.97% | 47.16% | -17.57% | -14.92% | 2.50% | 99.07% | 17.85% | -22.87% | 20.49% | 52.04% | 0.09% | -170.93% | 1699.71% | -92.73% | -58.05% | 7.99% | -7.17% | 1.48% | 16.75% | 323.02% | -64.67% | -34.31% | 2.84% | 277.12% | -56.06% | 104.31% | 121.03% | -61.50% | -74.24% | -50.57% | |
net income margin % | -16.34% | -24.51% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to noncontrolling interests | 10,341,000 | 9,228,000 | 6,626,000 | 4,878,000 | 1,647,000 | 2,778,000 | 15,453,000 | 7,663,000 | -929,000 | 1,742,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common stockholders | -10,854,000 | -5,835,000 | 39,800,000 | -888,000 | 4,618,000 | 10,878,000 | 8,909,000 | -40,455,000 | -13,362,000 | -7,262,000 | 18,373,000 | 24,302,000 | 22,955,000 | 24,374,000 | 25,514,000 | 19,328,000 | 18,141,000 | 16,197,000 | 11,601,000 | 17,695,000 | 3,773,000 | 2,030,000 | 26,923,000 | 278,558,000 | 22,488,000 | 33,966,000 | 28,701,000 | 25,635,000 | 30,561,000 | 31,684,000 | 28,206,000 | 29,536,000 | 25,614,000 | 20,244,000 | 19,049,000 | 19,701,000 | 31,848,000 | 18,482,000 | 15,366,000 | 14,167,000 | 12,070,000 | 13,448,000 | 18,699,000 | 10,893,000 | 7,389,000 | 13,363,000 | 12,976,000 | 8,843,000 | 10,751,000 | 13,635,000 | 12,082,000 | 5,974,000 | 5,055,000 | 6,527,000 | 5,386,000 | 3,419,000 | 3,397,000 | -5,016,000 | -349,000 | -3,896,000 | -8,991,000 | -8,287,000 | -8,909,000 | -8,806,000 | -7,482,000 | -1,867,000 | ||||||||||
net income per common share – basic and diluted | -70 | -40 | 240 | -10 | 30 | 60 | 50 | -240 | -80 | -40 | 100 | 140 | 130 | 140 | 140 | 110 | 100 | 90 | 60 | 100 | 20 | 10 | 150 | -45 | -80 | -80 | -20 | -60 | -30 | -10 | ||||||||||||||||||||||||||||||||||||||||||||||
net (income) loss attributable to noncontrolling interests | -4,779,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income (income) attributable to noncontrolling interests | 7,807,000 | 2,211,000 | 537,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net (income) loss attributable to noncontrolling interests | -745,000 | -1,366,000 | -1,173,000 | -1,548,000 | -989,000 | -1,007,000 | -4,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net income attributable to noncontrolling interests | 2,155,750 | 2,395,000 | 2,215,000 | -2,791,000 | -44,071,000 | -933,000 | -5,894,000 | -4,087,000 | 2,103,000 | -4,855,000 | -5,349,000 | -4,425,000 | -2,450,000 | -2,894,000 | -1,909,000 | -2,731,000 | -2,765,000 | -3,950,000 | -3,298,000 | -680,000 | -2,439,000 | -2,089,000 | -2,446,000 | -3,397,000 | -1,905,000 | -1,292,000 | -2,554,000 | -2,482,000 | -1,661,000 | -1,992,000 | -1,343,000 | -2,530,000 | 1,193,000 | 847,000 | 2,314,000 | 2,182,000 | 2,368,000 | 2,306,000 | 2,036,000 | 383,000 | ||||||||||||||||||||||||||||||||||||
less: net income (income) attributable to noncontrolling interests | 4,013,000 | 1,525,000 | 5,632,000 | 7,502,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating income | 32,131,500 | 34,297,000 | 30,011,000 | 64,218,000 | 47,909,000 | 60,691,000 | 70,631,000 | 63,477,000 | 54,490,000 | 66,399,000 | 67,927,000 | 63,128,000 | 64,597,000 | 61,825,000 | 58,482,000 | 56,119,000 | 55,941,000 | 57,319,000 | 56,522,000 | 51,035,000 | 47,071,000 | 45,595,000 | 49,266,000 | 47,595,000 | 41,983,000 | 38,480,000 | 44,014,000 | 43,377,000 | 42,716,000 | 44,087,000 | 45,879,000 | 46,020,000 | 41,627,000 | 43,545,000 | 45,624,000 | 45,014,000 | 43,213,000 | 42,107,000 | 34,555,000 | 32,599,000 | 35,311,000 | 36,712,000 | 35,923,000 | 35,977,000 | 36,062,000 | 37,156,000 | 39,163,000 | 36,997,000 | 40,229,000 | 39,455,000 | 37,553,000 | 34,278,000 | 37,292,000 | 36,139,000 | 33,523,000 | -106,606,000 | 23,592,000 | |||||||||||||||||||
yoy | -32.93% | -43.49% | -57.51% | 1.17% | -12.08% | -8.60% | 3.98% | 0.55% | -15.65% | 7.40% | 16.15% | 12.49% | 15.47% | 7.86% | 3.47% | 9.96% | 18.84% | 25.71% | 14.73% | 7.23% | 12.12% | 18.49% | 11.93% | 9.72% | -1.72% | -12.72% | -4.07% | -5.74% | 2.62% | 1.24% | 0.56% | 2.23% | -3.67% | 3.42% | 32.03% | 38.08% | 22.38% | 14.70% | -3.81% | -9.39% | -2.08% | -1.19% | -8.27% | -2.76% | -10.36% | -5.83% | 4.29% | 7.93% | 7.88% | 9.18% | 12.02% | -132.15% | 58.07% | |||||||||||||||||||||||
qoq | -6.31% | 14.28% | -53.27% | 34.04% | -21.06% | -14.07% | 11.27% | 16.49% | -17.94% | -2.25% | 7.60% | -2.27% | 4.48% | 5.72% | 4.21% | 0.32% | -2.40% | 1.41% | 10.75% | 8.42% | 3.24% | -7.45% | 3.51% | 13.37% | 9.10% | -12.57% | 1.47% | 1.55% | -3.11% | -3.91% | -0.31% | 10.55% | -4.40% | -4.56% | 1.36% | 4.17% | 2.63% | 21.86% | 6.00% | -7.68% | -3.82% | 2.20% | -0.15% | -0.24% | -2.94% | -5.12% | 5.85% | -8.03% | 1.96% | 5.06% | 9.55% | -8.08% | 3.19% | 7.80% | -131.45% | -551.87% | ||||||||||||||||||||
operating margin % | -137.10% | 22.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from unconsolidated funds | 102,000 | 145,000 | -140,000 | 323,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income, including depreciation, from unconsolidated funds | 1,397,250 | 1,831,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per common share – basic | 1,600 | 130 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per common share – diluted | 1,600 | 130 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income, including depreciation, from unconsolidated real estate funds | 2,207,000 | 1,551,000 | 1,878,000 | 1,348,000 | 1,668,000 | 1,506,000 | 1,478,000 | 1,137,000 | 1,113,000 | 2,177,000 | 2,248,000 | 2,334,000 | 1,644,000 | 1,586,000 | 4,146,000 | 898,000 | 1,207,000 | 1,443,000 | 988,000 | 665,000 | 947,000 | 1,113,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common stockholders per share – basic | 0.2 | 0.17 | 0.15 | 0.18 | 0.19 | 0.17 | 0.171 | 0.154 | 0.129 | 0.124 | 0.129 | 0.21 | 0.124 | 0.104 | 0.096 | 0.082 | 0.092 | 0.128 | 0.08 | 0.05 | 0.09 | 0.09 | 0.06 | 0.08 | 0.1 | 0.08 | 0.04 | 0.04 | 0.05 | 0.04 | 0 | |||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common stockholders per share – diluted | 0.2 | 0.17 | 0.15 | 0.18 | 0.19 | 0.17 | 0.172 | 0.154 | 0.129 | 0.123 | 0.126 | 0.206 | 0.12 | 0.101 | 0.093 | 0.08 | 0.089 | 0.124 | 0.07 | 0.05 | 0.09 | 0.09 | 0.06 | 0.07 | 0.09 | 0.08 | 0.04 | 0.04 | 0.05 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
dividends declared per common share | 0.26 | 0.26 | 0.188 | 0.25 | 0.25 | 0.25 | 0.173 | 0.23 | 0.23 | 0.23 | 0.165 | 0.22 | 0.22 | 0.22 | 0.158 | 0.21 | 0.21 | 0.21 | 0.15 | 0.2 | 0.2 | 0.2 | 0.135 | 0.18 | 0.18 | 0.18 | 0.113 | 0.15 | 0.15 | 0.15 | 0.09 | 0.13 | 0.13 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 187.5 | 187.5 | 187.5 | 187.5 | 175 | 175 | 175 | 175 | |||||||||||||||||||||||||||
tenant recoveries | 10,517,750 | 16,364,000 | 14,654,000 | 11,053,000 | 14,301,000 | 15,854,000 | 12,801,000 | 11,050,000 | 12,736,000 | 12,914,000 | 10,986,000 | 10,211,000 | 10,452,000 | 11,074,000 | 11,463,000 | 10,150,000 | 10,741,000 | 11,093,000 | 11,720,000 | 10,907,000 | 10,974,000 | 11,867,000 | 11,718,000 | 10,585,000 | 10,994,000 | 11,337,000 | 11,787,000 | 9,975,000 | 10,244,000 | 11,601,000 | 12,744,000 | 9,325,000 | 12,087,000 | 7,710,000 | 6,478,000 | 8,248,000 | 8,059,000 | 7,134,000 | 7,966,000 | 5,630,750 | 8,335,000 | 7,269,000 | 5,368,000 | 5,253,000 | 6,704,000 | 5,362,000 | 7,858,000 | -7,831,000 | 4,364,000 | |||||||||||||||||||||||||||
general and administrative | 10,197,000 | 9,440,000 | 9,437,000 | 9,567,000 | 9,045,000 | 8,441,000 | 8,592,000 | 10,156,000 | 9,384,000 | 8,099,000 | 9,403,000 | 8,071,000 | 8,795,000 | 6,867,000 | 7,473,000 | 7,361,000 | 7,151,000 | 6,658,000 | 6,712,000 | 6,811,000 | 5,890,000 | 6,546,000 | 7,082,000 | 7,096,000 | 7,892,000 | 6,610,000 | 6,741,000 | 6,700,000 | 8,026,000 | 6,954,000 | 6,820,000 | 7,486,000 | 7,101,000 | 5,944,000 | 5,850,000 | 5,992,000 | 5,585,000 | 5,959,000 | 6,351,000 | 6,389,000 | 5,243,000 | 5,729,000 | 5,285,000 | 5,462,000 | 5,862,000 | 5,120,000 | 5,042,000 | |||||||||||||||||||||||||||||
income before gains | 31,986,000 | 28,508,000 | 22,153,000 | 22,466,000 | 22,553,000 | 20,698,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sales of investments in real estate | 13,245,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition-related expenses | -3,000 | -1,188,000 | -224,000 | -1,453,000 | -1,130,000 | -153,000 | -198,000 | -290,000 | -606,000 | -152,000 | -28,000 | -74,000 | -290,000 | -68,000 | -175,000 | -292,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of investment in real estate | 1,082,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
office expense | 46,542,000 | 44,199,000 | 45,520,000 | 47,636,000 | 44,665,000 | 43,356,000 | 44,427,000 | 46,494,000 | 42,722,000 | 41,309,000 | 43,041,000 | 44,293,000 | 42,444,000 | 40,947,000 | 41,788,000 | 44,294,000 | 42,183,000 | 40,604,000 | 43,441,000 | 37,198,000 | 36,114,000 | 38,602,000 | 38,691,000 | 36,665,000 | 40,312,000 | 56,720,000 | 39,915,000 | 36,574,000 | 31,364,000 | 31,852,000 | 32,817,000 | 31,124,000 | ||||||||||||||||||||||||||||||||||||||||||||
multifamily expense | 5,930,000 | 5,820,000 | 5,174,000 | 5,261,000 | 5,096,000 | 5,133,000 | 4,820,000 | 5,157,000 | 4,942,000 | 5,009,000 | 4,812,000 | 4,999,000 | 4,931,000 | 4,930,000 | 4,695,000 | 4,832,000 | 4,736,000 | 4,749,000 | 4,596,000 | 4,434,000 | 4,568,000 | 4,562,000 | 4,560,000 | 4,286,000 | 4,517,000 | 4,576,000 | 4,238,000 | 3,759,000 | 3,877,000 | 4,023,000 | 4,332,000 | 3,872,000 | ||||||||||||||||||||||||||||||||||||||||||||
income including depreciation, from unconsolidated real estate funds | -237,000 | 811,000 | 1,335,000 | 1,189,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss including depreciation, from unconsolidated real estate funds | -691,000 | -663,000 | -1,117,000 | -516,000 | -285,000 | -255,000 | -1,524,000 | -1,810,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common stockholders per share – fully diluted | 0.04 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
per share – basic and diluted | -0.005 | 0.03 | -0.04 | -0.07 | -0.07 | -0.07 | -0.06 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares of common stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding – basic | 31,359,846.5 | 127,462,277 | 123,076,660 | 122,331,803 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding – diluted | 31,359,846.5 | 161,186,227 | 123,076,660 | 122,331,803 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding – basic and diluted | 124,610,351 | 121,643,700 | 5,162 | 121,485,711 | 121,319,121 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares of common stock outstanding – basic | 124,209,788 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares of common stock outstanding – diluted | 124,209,788 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposition of interest in unconsolidated real estate fund | 5,573,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
per share – basic | -0.03 | -0.07 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
per share – diluted | -0.03 | -0.07 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain, including depreciation, from unconsolidated real estate funds | -2,200,000 | -1,504,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest and other income | 757,500 | 56,000 | 60,000 | 2,914,000 | 123,000 | 409,000 | 36,000 | 205,000 | 372,000 | 82,000 | -3,887,000 | 1,426,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss, including depreciation, from unconsolidated real estate fund | 1,431,000 | -1,904,000 | -2,128,000 | -678,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenues: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
office rental: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
multifamily rental: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common stockholders per share – basic and diluted | -0.02 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares of common stock outstanding – basic and diluted | 121,841,789 | 110,956,113,000 | 114,861,872,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before minority interests | -6,963,500 | -12,400,000 | -12,213,000 | -3,241,000 | -2,626,500 | -4,007,000 | -1,802,000 | -4,697,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interests | 1,690,000 | 2,704,000 | 2,785,000 | 741,000 | 2,493,000 | 1,222,000 | 542,000 | 1,424,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares of common stock outstanding -basic and diluted | 121,509,098,000 | 121,313,515,000 | 118,283,579,000 | 112,645,587,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on investments in interest contracts | 1,498,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deficit distributions to minority partners | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred minority investor | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on investments in interest rate contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deficit (distributions to) recovery from minority partners | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deficit recovery from minority partners | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per common share—basic and diluted | -30 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares of common stock outstanding—basic and diluted | 115,005,860,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total office revenue | 67,426,500 | 90,253,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rent revenues | 10,006,500 | 14,126,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total multifamily revenue | 10,333,750 | 14,611,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total revenue | 77,760,250 | 104,864,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
yoy | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
qoq | -25.85% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deficit (distributions) recovery (to) from minority partners | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before minority interest | 5,321,500 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest income in consolidated real estate partnerships | 47,338,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per common share | -30,250 | -395,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares of common stock outstanding | 65,000 |
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