CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)		Sep. 30, 2025	Dec. 31, 2024
Real estate, at cost:
Land		$ 1,966,237,000	$ 1,966,237,000
Buildings and improvements		6,384,243,000	6,325,097,000
Rental property, at cost		8,350,480,000	8,291,334,000
Accumulated depreciation and amortization		(1,737,783,000)	(1,639,529,000)
Real estate, net		6,612,697,000	6,651,805,000
Cash and cash equivalents		330,207,000	375,056,000
Restricted cash		324,150,000	180,391,000
Accounts and other receivables		26,582,000	18,229,000
Investments in unconsolidated real estate related funds		4,416,000	4,649,000
Investments in unconsolidated joint ventures		81,509,000	85,952,000
Deferred rent receivable		352,906,000	356,425,000
Deferred charges, net of accumulated amortization of $90,418 and $91,818		126,587,000	100,684,000
Intangible assets, net of accumulated amortization of $114,133 and $147,133		41,093,000	50,492,000
Other assets		74,348,000	47,820,000
Total assets	[1]	7,974,495,000	7,871,503,000
Liabilities and Equity
Notes and mortgages payable, net of unamortized deferred financing costs of $20,546 and $15,420		3,711,504,000	3,676,630,000
Accounts payable and accrued expenses		138,689,000	119,881,000
Intangible liabilities, net of accumulated amortization of $78,074 and $93,748		16,541,000	20,870,000
Other liabilities		31,473,000	44,625,000
Total liabilities	[1]	3,898,207,000	3,862,006,000
Commitments and contingencies
Paramount Group, Inc. equity:
Common stock $0.01 par value per share; authorized 900,000,000 shares; issued and outstanding 221,897,427 and 217,527,797 shares in 2025 and 2024, respectively		2,219,000	2,175,000
Additional paid-in-capital		4,086,243,000	4,144,301,000
Earnings less than distributions		(1,064,525,000)	(1,005,627,000)
Accumulated other comprehensive income		0	428,000
Paramount Group, Inc. equity		3,023,937,000	3,141,277,000
Noncontrolling interests in:
Consolidated joint ventures		744,813,000	495,340,000
Consolidated real estate related funds		85,431,000	82,875,000
Operating Partnership (16,298,625 and 20,057,699 units outstanding)		222,107,000	290,005,000
Total equity		4,076,288,000	4,009,497,000
Total liabilities and equity		$ 7,974,495,000	$ 7,871,503,000

[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 93.2% as of September 30, 2025. As of September 30, 2025, the assets and liabilities of the Operating Partnership include $4,690,998 and $2,410,215 of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership. See Note 13, Variable Interest Entities (“VIEs”).