Basis of Presentation and Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

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, 2021, 2020 and 2019.


	For the Year Ended December 31,
(Amounts in thousands)	2021				2020			2019
Net loss attributable to Paramount Group, Inc.	$	(20,354	)		$	(24,704	)	$	(36,899	)
Book to tax differences:
Straight-lining of rents and amortization of above and below-market leases, net		3,082				(10,462	)		(37,244	)
Depreciation and amortization		62,218				62,002			79,750
Stock-based compensation		16,933				17,766			20,812
Deferred compensation plan		(28,793	)	⁽¹⁾		-			500
Real estate impairment loss		-				-			38,237
Sale of real estate		-				55,640			12,107
Other, net		27,476				(11,095	)		12,253
Estimated taxable income	$	60,562			$	89,147		$	89,516

⁽¹⁾	In December 2021, the deferred compensation plan was terminated and the net proceeds were distributed to the plan participants.

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, 2021, 2020 and 2019.

	For the Year Ended December 31,
	2021						2020						2019
	Amount			%			Amount			%			Amount			%
Ordinary income	$	0.253	⁽¹⁾		90.4	%	$	0.210	⁽¹⁾		52.5	%	$	0.323	⁽¹⁾		80.7	%
Long-term capital gain		0.023			8.2	%		0.190			47.5	%		0.062			15.5	%
Return of capital		0.004			1.4	%		0.000			0.0	%		0.015			3.8	%
Total	$	0.280	⁽²⁾		100.0	%	$	0.400	⁽²⁾		100.0	%	$	0.400	⁽²⁾		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 years ended December 31, 2021, 2020 and 2019 of $0.07, $0.07 and $0.10 per share, respectively, that were paid in January of the subsequent years, were attributable to the years in which they were paid, for federal income tax purposes.