Basis of Presentation and Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Summary of Reconciliation Net Loss Attributable to Estimated Taxable Income

The following table reconciles net loss attributable to Paramount Group, Inc. to estimated taxable income for the years ended December 31, 2024, 2023 and 2022.

	For the Year Ended December 31,
(Amounts in thousands)	2024			2023			2022
Net loss attributable to Paramount Group, Inc.	$	(46,288	)	$	(259,744	)	$	(36,403	)
Book to tax differences:
Straight-lining of rents and amortization of above and    below-market leases, net		(18,266	)		6,832			(5,780	)
Depreciation and amortization		39,091			39,037			54,892
Stock-based compensation		18,460			19,052			17,607
Our share of real estate impairment losses of    unconsolidated joint ventures		33,733			226,230			31,685
Other, net		(13,941	)		3,014			20,352
Estimated taxable income	$	12,789		$	34,421		$	82,353

Summary of Characterization of Dividend Distributions for Federal Income Tax Purposes

The following table sets forth the characterization of dividend distributions for federal income tax purposes for the years ended December 31, 2024, 2023 and 2022.

	For the Year Ended December 31,
	2024						2023						2022
	Amount			%			Amount			%			Amount			%
Ordinary income	$	0.059	(1)		56.2	%	$	0.158	(1)		89.3	%	$	0.373	(1)		100.0	%
Long-term capital gain		-			0.0	%		-			0.0	%		-			0.0	%
Return of capital		0.046			43.8	%		0.019			10.7	%		-			0.0	%
Total	$	0.105	(2)		100.0	%	$	0.177	(2)(3)		100.0	%	$	0.373	(3)		100.0	%

(1)Represents amounts treated as “qualified REIT dividends” for purposes of Internal Revenue Code Section 199A.

(2)Dividends declared in the fourth quarter of the year ended December 31, 2023 of $0.035 per share, that were paid in January 2024, were attributable to the year ended December 31, 2024 for federal income tax purposes.

(3)Dividends declared in the fourth quarter of the year ended December 31, 2022 of $0.0775 per share, that were paid in January 2023, were a split-year dividend with $0.070425 per share attributable to the year ended December 31, 2022 for federal income tax purposes and the remaining $0.007075 per share attributable to the year ended December 31, 2023.