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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Real estate, at cost:    
Land $ 2,065,206 $ 2,065,206
Buildings and improvements 6,064,321 6,036,445
Rental property, at cost 8,129,527 8,101,651
Accumulated depreciation and amortization (689,860) (644,639)
Real estate, net 7,439,667 7,457,012
Cash and cash equivalents 342,308 339,653
Restricted cash 18,163 25,756
Investments in unconsolidated joint ventures 136,426 78,863
Investments in unconsolidated real estate funds 8,163 10,352
Preferred equity investments   36,042
Accounts and other receivables, net of allowance of $593 in 2018 20,136 20,076
Deferred rent receivable 279,036 267,456
Deferred charges, net of accumulated amortization of $32,682 and $30,129 119,191 117,858
Intangible assets, net of accumulated amortization of $252,273 and $245,444 254,354 270,445
Other assets 104,193 132,465
Total assets [1] 8,721,637 8,755,978
Liabilities and Equity    
Notes and mortgages payable, net of deferred financing costs of $30,867 and $32,883 3,568,933 3,566,917
Revolving credit facility 0 0
Accounts payable and accrued expenses 125,599 124,334
Dividends and distributions payable 25,949 25,902
Intangible liabilities, net of accumulated amortization of $91,053 and $89,200 89,955 95,991
Other liabilities 56,565 51,170
Total liabilities [1] 3,867,001 3,864,314
Commitments and contingencies
Paramount Group, Inc. equity:    
Common stock $0.01 par value per share; authorized 900,000,000 shares; issued and outstanding 234,478,379 and 233,135,704 shares in 2019 and 2018, respectively 2,345 2,329
Additional paid-in-capital 4,218,060 4,201,756
Earnings less than distributions (239,949) (219,906)
Accumulated other comprehensive income 8,421 16,621
Paramount Group, Inc. equity 3,988,877 4,000,800
Noncontrolling interests in:    
Consolidated joint ventures 367,012 394,995
Consolidated real estate fund 81,434 66,887
Operating Partnership (24,648,305 and 25,127,003 units outstanding) 417,313 428,982
Total equity 4,854,636 4,891,664
Total liabilities and equity $ 8,721,637 $ 8,755,978
[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 90.5% as of March 31, 2019. The assets and liabilities of the Operating Partnership, as of March 31, 2019, include $1,973,010 and $1,266,163 of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership. See Note 11, Variable Interest Entities (“VIEs”).