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Segments - Schedule of Reconciliation of NOI to Net Loss Income Attributable to Common Stockholders (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Paramount's share of NOI [1] $ 363,863 $ 357,972 $ 373,225
NOI attributable to noncontrolling interests in consolidated joint ventures 92,096 89,948 82,587
Fee income 21,880 21,597 28,421
Depreciation and amortization expense (239,542) (250,644) (232,517)
General and administrative expenses (66,333) (61,986) (59,487)
Loss from real estate related fund investments (128) (96,375) (2,233)
Loss from unconsolidated joint ventures (47,359) (270,298) (53,251)
NOI from unconsolidated joint ventures (23,666) (20,694) (21,278)
Interest and other (loss) income, net 30,455 14,837 5,174
Interest and debt expense (166,952) (152,990) (143,864)
Other, net (650) (1,244) (1,709)
Loss before income taxes (36,336) (369,877) (24,932)
Income tax expense (2,058) (1,426) (3,265)
Net loss (38,394) (371,303) (28,197)
Consolidated joint ventures (22,462) (20,464) (13,981)
Consolidated real estate related funds 10,292 109,795 3,342
Operating Partnership 4,276 22,228 2,433
Net loss attributable to common stockholders $ (46,288) $ (259,744) $ (36,403)
[1] NOI is used to measure the operating performance of our properties. NOI consists of rental revenue (which includes property rentals, tenant reimbursements and lease termination income) and certain other property-related revenue less operating expenses (which includes property-related expenses such as cleaning, security, repairs and maintenance, utilities, property administration and real estate taxes). We present Paramount’s share of NOI which represents our share of NOI of consolidated and unconsolidated joint ventures, based on our percentage ownership in the underlying assets. We use NOI internally as a performance measure and believe it provides useful information to investors regarding our financial condition and results of operations because it reflects only those income and expense items that are incurred at the property level. Other real estate companies may use different methodologies for calculating NOI and, accordingly, our presentation of NOI may not be comparable to other real estate companies.