XML 64 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
REVENUES:  
Rental income $ 143,243us-gaap_OperatingLeasesIncomeStatementLeaseRevenue
Tenant reimbursement income 13,488us-gaap_TenantReimbursements
Fee and other income 4,495pgre_FeeAndOtherRealEstateRevenue
Total revenues 161,226us-gaap_RealEstateRevenueNet
EXPENSES:  
Operating 61,884us-gaap_OperatingCostsAndExpenses
Depreciation and amortization 73,583us-gaap_DepreciationAndAmortization
General and administrative 12,613us-gaap_GeneralAndAdministrativeExpense
Total expenses 148,080us-gaap_OperatingExpenses
Operating income 13,146us-gaap_OperatingIncomeLoss
Income from real estate fund investments 5,221pgre_IncomeFromRealEstateFund
Income from partially owned entities 975us-gaap_IncomeLossFromEquityMethodInvestments
Unrealized gains on interest rate swaps 11,978us-gaap_UnrealizedGainLossOnDerivatives
Interest and other income, net 854pgre_InterestAndOtherIncomeLossNet
Interest and debt expense (41,888)us-gaap_InterestAndDebtExpense
Acquisition and transaction related costs (1,139)us-gaap_BusinessCombinationAcquisitionRelatedCosts
Net income (loss) before income taxes (10,853)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense (574)us-gaap_IncomeTaxExpenseBenefit
Net income (loss) (11,427)us-gaap_ProfitLoss
Less net (income) loss attributable to noncontrolling interests in:  
Consolidated joint ventures and funds (668)us-gaap_NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
Operating Partnership 2,364us-gaap_NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
Net income (loss) $ (9,731)us-gaap_NetIncomeLoss
LOSS PER COMMON SHARE - BASIC:  
Loss per common share $ (0.05)us-gaap_EarningsPerShareBasic
Weighted average shares outstanding 212,106,718us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
LOSS PER COMMON SHARE - DILUTED:  
Loss per common share $ (0.05)us-gaap_EarningsPerShareDiluted
Weighted average shares outstanding 212,106,718us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding