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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Real estate, at cost:    
Land $ 1,966,237,000 $ 1,966,237,000
Buildings and improvements 6,278,863,000 6,250,379,000
Rental property, at cost 8,245,100,000 8,216,616,000
Accumulated depreciation and amortization (1,524,078,000) (1,471,819,000)
Real estate, net 6,721,022,000 6,744,797,000
Cash and cash equivalents 276,235,000 428,208,000
Restricted cash 171,776,000 81,391,000
Accounts and other receivables 16,048,000 18,053,000
Real estate related fund investments 0 775,000
Investments in unconsolidated real estate related funds 4,603,000 4,549,000
Investments in unconsolidated joint ventures 132,788,000 132,239,000
Deferred rent receivable 353,826,000 351,209,000
Deferred charges, net of accumulated amortization of $86,845 and $82,265 107,407,000 108,751,000
Intangible assets, net of accumulated amortization of $197,756 and $194,536 62,609,000 68,005,000
Other assets 83,411,000 68,238,000
Total assets [1] 7,929,725,000 8,006,215,000
Liabilities and Equity    
Notes and mortgages payable, net of unamortized deferred financing costs of $22,200 and $13,566 3,669,850,000 3,803,484,000
Revolving credit facility 0 0
Accounts payable and accrued expenses 115,038,000 114,463,000
Dividends and distributions payable 8,376,000 8,360,000
Intangible liabilities, net of accumulated amortization of $108,708 and $108,817 26,026,000 28,003,000
Other liabilities 31,774,000 37,017,000
Total liabilities [1] 3,851,064,000 3,991,327,000
Commitments and contingencies
Paramount Group, Inc. equity:    
Common stock $0.01 par value per share; authorized 900,000,000 shares; issued and outstanding 217,329,254 and 217,366,089 shares in 2024 and 2023, respectively 2,173,000 2,173,000
Additional paid-in-capital 4,131,652,000 4,133,801,000
Earnings less than distributions (941,855,000) (943,935,000)
Accumulated other comprehensive income 7,080,000 11,246,000
Paramount Group, Inc. equity 3,199,050,000 3,203,285,000
Noncontrolling interests in:    
Consolidated joint ventures 480,542,000 413,925,000
Consolidated real estate related funds 103,886,000 110,589,000
Operating Partnership (20,035,314 and 19,468,095 units outstanding) 295,183,000 287,089,000
Total equity 4,078,661,000 4,014,888,000
Total liabilities and equity $ 7,929,725,000 $ 8,006,215,000
[1] Represents the consolidated assets and liabilities of Paramount Group Operating Partnership LP, a Delaware limited partnership (the “Operating Partnership”). The Operating Partnership is a consolidated variable interest entity (“VIE”), of which we are the sole general partner and own approximately 91.6% as of March 31, 2024. As of March 31, 2024, the assets and liabilities of the Operating Partnership include $3,844,572 and $2,390,281 of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership. See Note 12, Variable Interest Entities (VIEs).