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Segments - Schedule of Reconciliation of NOI to Net (Loss) Income Attributable to Common Stockholders (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Segment Reporting [Abstract]        
Paramount's share of NOI [1] $ 75,500 $ 89,468 $ 244,649 $ 273,687
NOI attributable to noncontrolling interests in consolidated joint ventures 18,686 23,723 61,385 70,532
Fee income 4,124 6,776 13,369 17,328
Depreciation and amortization (57,766) (60,071) (176,707) (182,920)
General and administrative (16,340) (16,672) (58,112) (49,938)
Transaction related costs (9,981) (242) (10,840) (843)
Income (loss) from unconsolidated joint ventures 661 (981) 2,620 (3,098)
NOI from unconsolidated joint ventures (4,743) (5,384) (14,706) (16,611)
Interest and other income, net 3,112 3,517 10,953 26,830
Interest and debt expense (44,419) (43,805) (129,903) (124,078)
Other, net 53 87 (146) 107
(Loss) income before income taxes (31,113) (3,584) (57,438) 10,996
Income tax benefit (expense) 831 (619) 1,430 (1,328)
Net (loss) income (30,282) (4,203) (56,008) 9,668
Consolidated joint ventures (279) (6,959) (5,095) (18,434)
Consolidated real estate related funds (688) 581 (2,556) 408
Operating Partnership 2,302 893 4,901 716
Net (loss) income attributable to common stockholders $ (28,947) $ (9,688) $ (58,758) $ (7,642)
[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.