2015 Form 10-K Financial Statement
#000156459016013406 Filed on February 25, 2016
Income Statement
Concept | 2015 | 2014 Q4 |
---|---|---|
Revenue | $662.4M | $66.14M |
YoY Change | 125.69% | -70.72% |
Cost Of Revenue | $244.8M | $29.70M |
YoY Change | 484.25% | 450.0% |
Gross Profit | $417.7M | $72.50M |
YoY Change | 65.95% | -67.12% |
Gross Profit Margin | 63.06% | 109.62% |
Selling, General & Admin | $42.10M | $15.50M |
YoY Change | -6.86% | -44.64% |
% of Gross Profit | 10.08% | 21.38% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $294.6M | $36.20M |
YoY Change | 559.06% | 1240.74% |
% of Gross Profit | 70.53% | 49.93% |
Operating Expenses | $591.8M | $62.70M |
YoY Change | 505.1% | 94.72% |
Operating Profit | $70.62M | $3.436M |
YoY Change | -54.11% | -98.18% |
Interest Expense | -$46.90M | $325.0K |
YoY Change | -124.59% | -110.83% |
% of Operating Profit | -66.41% | 9.46% |
Other Income/Expense, Net | ||
YoY Change | ||
Pretax Income | $23.71M | $73.23M |
YoY Change | -88.21% | -60.48% |
Income Tax | $2.566M | $505.0K |
% Of Pretax Income | 10.82% | 0.69% |
Net Earnings | -$4.419M | $57.31M |
YoY Change | -105.61% | 644.26% |
Net Earnings / Revenue | -0.67% | 86.65% |
Basic Earnings Per Share | -$0.02 | $0.27 |
Diluted Earnings Per Share | -$0.02 | $0.27 |
COMMON SHARES | ||
Basic Shares Outstanding | 212.1M | 212.1M |
Diluted Shares Outstanding | 212.1M | 212.1M |
Balance Sheet
Concept | 2015 | 2014 Q4 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $143.9M | $458.8M |
YoY Change | -67.19% | |
Cash & Equivalents | $143.9M | $438.6M |
Short-Term Investments | $20.16M | |
Other Short-Term Assets | ||
YoY Change | ||
Inventory | ||
Prepaid Expenses | ||
Receivables | $10.80M | $7.700M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $154.7M | $446.3M |
YoY Change | -65.34% | |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $7.409B | $7.449B |
YoY Change | -0.54% | |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $499.0M | $349.3M |
YoY Change | 42.86% | |
Other Assets | $194.6M | $103.2M |
YoY Change | 88.57% | |
Total Long-Term Assets | $8.621B | $8.584B |
YoY Change | 0.42% | |
TOTAL ASSETS | ||
Total Short-Term Assets | $154.7M | $446.3M |
Total Long-Term Assets | $8.621B | $8.584B |
Total Assets | $8.775B | $9.030B |
YoY Change | -2.83% | |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $102.7M | $93.50M |
YoY Change | 9.84% | |
Accrued Expenses | ||
YoY Change | ||
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $127.8M | $93.50M |
YoY Change | 36.68% | |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $3.016B | $2.922B |
YoY Change | 3.21% | |
Other Long-Term Liabilities | $318.8M | $457.4M |
YoY Change | -30.3% | |
Total Long-Term Liabilities | $3.334B | $3.379B |
YoY Change | -1.33% | |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $127.8M | $93.50M |
Total Long-Term Liabilities | $3.334B | $3.379B |
Total Liabilities | $5.014B | $3.475B |
YoY Change | -2.06% | |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $57.31M | |
YoY Change | ||
Common Stock | $3.854B | |
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $3.761B | $3.911B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $8.775B | $9.030B |
YoY Change | -2.83% |
Cashflow Statement
Concept | 2015 | 2014 Q4 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$4.419M | $57.31M |
YoY Change | -105.61% | 644.26% |
Depreciation, Depletion And Amortization | $294.6M | $36.20M |
YoY Change | 559.06% | 1240.74% |
Cash From Operating Activities | -$17.00M | -$124.2M |
YoY Change | -89.7% | -399.28% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$107.9M | -$7.400M |
YoY Change | 49.65% | |
Acquisitions | $214.9M | |
YoY Change | ||
Other Investing Activities | $12.40M | $212.2M |
YoY Change | -94.17% | |
Cash From Investing Activities | -$95.40M | $204.9M |
YoY Change | -167.85% | -205000.0% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | $68.72M | |
YoY Change | ||
Common Stock Issuance & Retirement, Net | $2.591B | |
YoY Change | -112734.74% | |
Debt Paid & Issued, Net | $927.6M | $1.704B |
YoY Change | ||
Cash From Financing Activities | -182.3M | 103.3M |
YoY Change | -216.93% | 216.87% |
NET CHANGE | ||
Cash From Operating Activities | -17.00M | -124.2M |
Cash From Investing Activities | -95.40M | 204.9M |
Cash From Financing Activities | -182.3M | 103.3M |
Net Change In Cash | -294.7M | 184.0M |
YoY Change | -324.28% | 148.65% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$17.00M | -$124.2M |
Capital Expenditures | -$107.9M | -$7.400M |
Free Cash Flow | $90.90M | -$116.8M |
YoY Change | -197.74% | -381.45% |
Facts In Submission
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Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2566000 | |
CY2014Q4 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
505000 | |
CY2015 | us-gaap |
Profit Loss
ProfitLoss
|
21143000 | |
CY2014Q4 | us-gaap |
Profit Loss
ProfitLoss
|
72722000 | |
CY2015 | us-gaap |
Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
|
26632000 | |
CY2014Q4 | us-gaap |
Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
|
1488000 | |
CY2015 | us-gaap |
Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
|
-1070000 | |
CY2014Q4 | us-gaap |
Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
|
13926000 | |
CY2015 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4419000 | |
CY2014Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
57308000 | |
CY2015 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.02 | |
CY2014Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.27 | |
CY2015 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
212106718 | |
CY2014Q4 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
212106718 | |
CY2015 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.02 | |
CY2014Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.27 | |
CY2015 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
212106718 | |
CY2014Q4 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
212107908 | |
CY2015 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.419 | |
CY2014Q4 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.039 | |
CY2015 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
|
-9241000 | |
CY2015 | pgre |
Pro Rata Share Of Other Comprehensive Loss Of Unconsolidated Joint Ventures
ProRataShareOfOtherComprehensiveLossOfUnconsolidatedJointVentures
|
-512000 | |
CY2014Q4 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
72722000 | |
CY2014Q4 | pgre |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest In Joint Ventures
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterestInJointVentures
|
1488000 | |
CY2015 | pgre |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest In Operating Partnership
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterestInOperatingPartnership
|
-2980000 | |
CY2014Q4 | pgre |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest In Operating Partnership
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterestInOperatingPartnership
|
13926000 | |
CY2015 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-12262000 | |
CY2014Q4 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
57308000 | |
CY2014Q4 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
2498200000 | |
CY2014Q4 | pgre |
Stock Issued During Period Value Private Placement
StockIssuedDuringPeriodValuePrivatePlacement
|
68500000 | |
CY2014Q4 | pgre |
Stock Issued During Period Value Under Acquire Property Interests
StockIssuedDuringPeriodValueUnderAcquirePropertyInterests
|
209316000 | |
CY2014Q4 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
1000 | |
CY2014Q4 | pgre |
Common Units Issued Founders Grant
CommonUnitsIssuedFoundersGrant
|
71000000 | |
CY2014Q4 | pgre |
Allocation Of Equity Resulting From Units Issued In Connection With Formation Transactions
AllocationOfEquityResultingFromUnitsIssuedInConnectionWithFormationTransactions
|
410385000 | |
CY2014Q4 | pgre |
Minority Interest Increase From Contributions By Noncontrolling Interest Holders
MinorityInterestIncreaseFromContributionsByNoncontrollingInterestHolders
|
57843000 | |
CY2015 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
4000 | |
CY2015 | us-gaap |
Dividends
Dividends
|
110525000 | |
CY2014Q4 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
704000 | |
CY2014Q4 | us-gaap |
Net Realized Or Unrealized Gain Loss On Trading Securities
NetRealizedOrUnrealizedGainLossOnTradingSecurities
|
-356000 | |
CY2015 | us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
3152000 | |
CY2014Q4 | us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
150000 | |
CY2015 | pgre |
Minority Interest Increase From Contributions By Noncontrolling Interest Holders
MinorityInterestIncreaseFromContributionsByNoncontrollingInterestHolders
|
167929000 | |
CY2015 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
56636000 | |
CY2015 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
-9241000 | |
CY2015 | pgre |
Acquisition Of Noncontrolling Interest In Consolidated Joint Ventures And Funds
AcquisitionOfNoncontrollingInterestInConsolidatedJointVenturesAndFunds
|
263416000 | |
CY2015 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
7784000 | |
CY2015 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
933000 | |
CY2015 | us-gaap |
Straight Line Rent
StraightLineRent
|
69522000 | |
CY2014Q4 | us-gaap |
Straight Line Rent
StraightLineRent
|
5653000 | |
CY2015 | pgre |
Realized And Unrealized Gains Losses On Real Estate Fund Investments
RealizedAndUnrealizedGainsLossesOnRealEstateFundInvestments
|
21201000 | |
CY2014Q4 | pgre |
Realized And Unrealized Gains Losses On Real Estate Fund Investments
RealizedAndUnrealizedGainsLossesOnRealEstateFundInvestments
|
-1357000 | |
CY2015 | us-gaap |
Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
|
-9917000 | |
CY2014Q4 | us-gaap |
Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
|
-467000 | |
CY2015 | pgre |
Amortization Of Stock Based Compensation Expenses
AmortizationOfStockBasedCompensationExpenses
|
7309000 | |
CY2015 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-5824000 | |
CY2014Q4 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-1368000 | |
CY2015 | us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
4966000 | |
CY2014Q4 | us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
532000 | |
CY2015 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
2565000 | |
CY2014Q4 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
240000 | |
CY2015 | us-gaap |
Net Realized Or Unrealized Gain Loss On Trading Securities
NetRealizedOrUnrealizedGainLossOnTradingSecurities
|
-119000 | |
CY2014Q4 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
14990000 | |
CY2014Q4 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
71000000 | |
CY2014Q4 | us-gaap |
Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
-6502000 | |
CY2015 | pgre |
Increase Decrease In Real Estate Fund Investments
IncreaseDecreaseInRealEstateFundInvestments
|
127743000 | |
CY2014Q4 | pgre |
Increase Decrease In Real Estate Fund Investments
IncreaseDecreaseInRealEstateFundInvestments
|
51362000 | |
CY2014Q4 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
14162000 | |
CY2015 | us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
328000 | |
CY2015 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
1151000 | |
CY2014Q4 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
14547000 | |
CY2015 | us-gaap |
Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
|
107859000 | |
CY2014Q4 | us-gaap |
Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
|
6143000 | |
CY2015 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
-12424000 | |
CY2014Q4 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
-18556000 | |
CY2015 | us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
19000 | |
CY2014Q4 | us-gaap |
Proceeds From Divestiture Of Businesses And Interests In Affiliates
ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates
|
192500000 | |
CY2015 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-16969000 | |
CY2014Q4 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-80572000 | |
CY2015 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-95416000 | |
CY2014Q4 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
204913000 | |
CY2015 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
1013544000 | |
CY2015 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
927633000 | |
CY2014Q4 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
1704330000 | |
CY2015 | us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
261464000 | |
CY2015 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
167929000 | |
CY2014Q4 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
57843000 | |
CY2015 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
85458000 | |
CY2015 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
56636000 | |
CY2014Q4 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
8488000 | |
CY2015 | us-gaap |
Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
|
33741000 | |
CY2014Q4 | us-gaap |
Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
|
14130000 | |
CY2015 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
20000000 | |
CY2015 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
18871000 | |
CY2014Q4 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
8599000 | |
CY2014Q4 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
214949000 | |
CY2014Q4 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
262172000 | |
CY2015 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-294715000 | |
CY2014Q4 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
2590599000 | |
CY2014Q4 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
435774000 | |
CY2015 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-182330000 | |
CY2014Q4 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
386513000 | |
CY2014Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
52086000 | |
CY2015 | us-gaap |
Interest Paid Net
InterestPaidNet
|
159186000 | |
CY2014Q4 | us-gaap |
Interest Paid Net
InterestPaidNet
|
23728000 | |
CY2015 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
2798000 | |
CY2015 | pgre |
Dividends And Distributions Declared But Not Paid
DividendsAndDistributionsDeclaredButNotPaid
|
25067000 | |
CY2015 | pgre |
Additions To Real Estate Included In Accounts Payable And Accrued Expenses
AdditionsToRealEstateIncludedInAccountsPayableAndAccruedExpenses
|
32009000 | |
CY2014Q4 | pgre |
Additions To Real Estate Included In Accounts Payable And Accrued Expenses
AdditionsToRealEstateIncludedInAccountsPayableAndAccruedExpenses
|
16598000 | |
CY2015 | pgre |
Change In Value Of Interest Rate Swaps
ChangeInValueOfInterestRateSwaps
|
9241000 | |
CY2015 | pgre |
Noncash Activity Purchase Or Sale Of Marketable Securities
NoncashActivityPurchaseOrSaleOfMarketableSecurities
|
-1481000 | |
CY2014Q4 | pgre |
Noncash Activity Purchase Or Sale Of Marketable Securities
NoncashActivityPurchaseOrSaleOfMarketableSecurities
|
146000 | |
CY2015 | pgre |
Assets Written Off
AssetsWrittenOff
|
1399000 | |
CY2014Q4 | us-gaap |
Real Estate Period Increase Decrease
RealEstatePeriodIncreaseDecrease
|
7043651000 | |
CY2014Q4 | pgre |
Increase Decrease In Real Estate Funds
IncreaseDecreaseInRealEstateFunds
|
-2045922000 | |
CY2014Q4 | pgre |
Increase Decrease In Investments In Affiliates Subsidiaries Associates And Joint Ventures
IncreaseDecreaseInInvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
-18264000 | |
CY2014Q4 | us-gaap |
Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
|
26784000 | |
CY2014Q4 | us-gaap |
Finite Lived Intangible Assets Period Increase Decrease
FiniteLivedIntangibleAssetsPeriodIncreaseDecrease
|
689894000 | |
CY2014Q4 | pgre |
Increase Decrease In Notes And Loans Payable
IncreaseDecreaseInNotesAndLoansPayable
|
4261903000 | |
CY2014Q4 | us-gaap |
Below Market Lease Period Increase Decrease
BelowMarketLeasePeriodIncreaseDecrease
|
222985000 | |
CY2014Q4 | pgre |
Increase Decrease In Preferred Equity Obligation
IncreaseDecreaseInPreferredEquityObligation
|
114147000 | |
CY2014Q4 | us-gaap |
Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
|
-57296000 | |
CY2014Q4 | us-gaap |
Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
|
223411000 | |
CY2014Q4 | pgre |
Marketable Securities Transferred In Connection With The Defeasance Of Notes And Mortgages Payable
MarketableSecuritiesTransferredInConnectionWithTheDefeasanceOfNotesAndMortgagesPayable
|
435774000 | |
CY2014Q4 | us-gaap |
Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
|
420784000 | |
CY2014Q4 | pgre |
Reduction Of Equity For Deferred Offering Costs
ReductionOfEquityForDeferredOfferingCosts
|
31284000 | |
CY2015 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">PARAMOUNT GROUP, INC. AND PARAMOUNT PREDECESSOR </p> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">NOTES TO COMBINED CONSOLIDATED FINANCIAL STATEMENTS</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;"> </p> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-bottom:0pt;margin-top:12pt;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">1.</font></p></td> <td valign="top"> <p style="margin-bottom:0pt;margin-top:12pt;font-weight:bold;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Organization and Business</p></td></tr></table></div> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:3.33%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:3.33%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">As used in these consolidated and combined financial statements, unless indicated otherwise, all references to “we,” “us,” “our,” the “Company,” and “Paramount” refer to Paramount Group, Inc. and its consolidated subsidiaries, including Paramount Group Operating Partnership LP, upon completion of the Formation Transactions (as more fully described below) and the initial public offering of common stock. </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:3.33%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We are a fully-integrated real estate investment trust (“REIT”) focused on owning, operating, managing, acquiring and redeveloping high-quality, Class A office properties in select central business district submarkets of New York City, Washington, D.C. and San Francisco. As of December 31, 2015, our portfolio consisted of 12 Class A office properties aggregating approximately 10.4 million square feet. </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:3.33%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We were incorporated in Maryland as a corporation on April 14, 2014 to continue the business of our Predecessor, as defined, and did not have any meaningful operations until the acquisition of substantially all of the assets of our Predecessor and the assets of the Property Funds, as defined, that it controlled, as well as the interests of unaffiliated third parties in certain properties. Our properties were acquired through a series of Formation Transactions (the “Formation Transactions”) concurrently with our initial public offering of 150,650,000 common shares at a public offering price of $17.50 per share on November 24, 2014 (the “Offering”). </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:3.33%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We conduct our business through, and substantially all of our interests are held by, Paramount Group Operating Partnership LP, a Delaware limited partnership (the “Operating Partnership”). We are the sole general partner of, and owned approximately 80.4% of, the Operating Partnership as of December 31, 2015. </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Our Predecessor </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:4.17%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:3.33%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Our Predecessor is not a legal entity but a combination of entities under common control as they were entities controlled by members of the Otto Family that held various assets, including interests in (i) 15 private equity real estate funds controlled by our Predecessor (which included nine primary funds and six parallel funds) (collectively, the “Funds”) that owned interests in 12 properties, (ii) a wholly-owned property, Waterview, in Rosslyn, Virginia and (iii) three partially owned properties in New York, NY (See Note 6, <font style="font-style:italic;">Investments in Unconsolidated Joint Ventures</font>).</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:3.33%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Below is a summary of the 15 private equity real estate funds that were controlled by our Predecessor prior to the completion of the Formation Transactions.</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.94%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:3.33%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The following funds are collectively referred to herein as the “Property Funds”:</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:3.33%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:9.06%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;"> </p></td> <td valign="top" style="width:3.4%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">• </font></p></td> <td valign="top"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Paramount Group Real Estate Fund I, L.P. (“Fund I”) </p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:9.06%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;"> </p></td> <td valign="top" style="width:3.4%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">• </font></p></td> <td valign="top"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Paramount Group Real Estate Fund II, L.P. (“Fund II”) </p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:9.06%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;"> </p></td> <td valign="top" style="width:3.4%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">• </font></p></td> <td valign="top"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Paramount Group Real Estate Fund III, L.P. (“Fund III”) </p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:9.06%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;"> </p></td> <td valign="top" style="width:3.4%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">• </font></p></td> <td valign="top"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Paramount Group Real Estate Fund IV, L.P. (“Fund IV”) </p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:9.06%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;"> </p></td> <td valign="top" style="width:3.4%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">• </font></p></td> <td valign="top"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">PGREF IV Parallel Fund (Cayman), L.P. (“Fund IV Cayman”) </p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:9.06%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;"> </p></td> <td valign="top" style="width:3.4%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">• </font></p></td> <td valign="top"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Paramount Group Real Estate Fund V (CIP), L.P. (“Fund V CIP”) </p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:9.06%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;"> </p></td> <td valign="top" style="width:3.4%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">• </font></p></td> <td valign="top"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Paramount Group Real Estate Fund V (Core), L.P. (“Fund V Core”) </p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:9.06%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;"> </p></td> <td valign="top" style="width:3.4%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">• </font></p></td> <td valign="top"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">PGREF V (Core) Parallel Fund (Cayman), L.P. (“Fund V Cayman”) </p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:9.06%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;"> </p></td> <td valign="top" style="width:3.4%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">• </font></p></td> <td valign="top"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Paramount Group Real Estate Fund VII, LP (“Fund VII”) </p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:9.06%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;"> </p></td> <td valign="top" style="width:3.4%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">• </font></p></td> <td valign="top"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Paramount Group Real Estate Fund VII-H, LP (“Fund VII-H”) </p></td></tr></table></div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> The following fund was formed to acquire, develop and manage the residential development project at 75 Howard Street: </p> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:9.06%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;"> </p></td> <td valign="top" style="width:3.33%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•</font></p></td> <td valign="top"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Paramount Group Residential Development Fund, LP (“Residential Fund”) </p></td></tr></table></div> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:3.33%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:3.33%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The following funds are collectively referred to herein as the “Alternative Investment Funds”: </p> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:9.06%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;"> </p></td> <td valign="top" style="width:3.4%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•</font></p></td> <td valign="top"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Paramount Group Real Estate Special Situations Fund, L.P. (“PGRESS”) </p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:9.06%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;"> </p></td> <td valign="top" style="width:3.4%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">• </font></p></td> <td valign="top"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Paramount Group Real Estate Special Situations Fund–H, L.P. (“PGRESS–H”) </p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:9.06%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;"> </p></td> <td valign="top" style="width:3.4%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">• </font></p></td> <td valign="top"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Paramount Group Real Estate Special Situations Fund–A, L.P. (“PGRESS–A”)</p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:9.06%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;"> </p></td> <td valign="top" style="width:3.4%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">• </font></p></td> <td valign="top"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Paramount Group Real Estate Fund VIII, L.P. (“Fund VIII”)</p></td></tr></table></div> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;margin-left:12.46%;text-indent:-3.4%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:3.33%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Property Funds and Residential Fund owned interests in the following properties: </p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;margin-left:1.06%;text-indent:8%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•<font style="margin-left:36pt;">1633 Broadway, New York, NY </font></p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;margin-left:1.06%;text-indent:8%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•<font style="margin-left:36pt;">60 Wall Street, New York, NY </font></p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;margin-left:1.06%;text-indent:8%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•<font style="margin-left:36pt;">900 Third Avenue, New York, NY </font></p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;margin-left:1.06%;text-indent:8%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•<font style="margin-left:36pt;">31 West 52nd Street, New York, NY </font></p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;margin-left:1.06%;text-indent:8%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•<font style="margin-left:36pt;">1301 Avenue of the Americas, New York, NY </font></p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;margin-left:1.06%;text-indent:8%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•<font style="margin-left:36pt;">One Market Plaza, San Francisco, CA </font></p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;margin-left:1.06%;text-indent:8%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•<font style="margin-left:36pt;">50 Beale Street, San Francisco, CA </font></p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;margin-left:1.06%;text-indent:8%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•<font style="margin-left:36pt;">75 Howard Street, San Francisco, CA </font></p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;margin-left:1.06%;text-indent:8%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•<font style="margin-left:36pt;">Liberty Place, Washington, D.C. </font></p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;margin-left:1.06%;text-indent:8%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•<font style="margin-left:36pt;">1899 Pennsylvania Avenue, Washington, D.C. </font></p> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;margin-left:1.06%;text-indent:8%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•<font style="margin-left:36pt;">2099 Pennsylvania Avenue, Washington, D.C. </font></p> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;margin-left:1.06%;text-indent:8%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">•<font style="margin-left:36pt;">425 Eye Street, Washington, D.C.</font></p> <p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;"> </p></div> | |
CY2015Q4 | us-gaap |
Number Of Real Estate Properties
NumberOfRealEstateProperties
|
12 | |
CY2015Q4 | us-gaap |
Area Of Real Estate Property
AreaOfRealEstateProperty
|
10400000 | |
CY2015 | us-gaap |
Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
|
0.804 | |
CY2015 | pgre |
Minimum Percentage Of Taxable Income Distributed To Shareholders
MinimumPercentageOfTaxableIncomeDistributedToShareholders
|
0.90 | |
CY2015 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | |
CY2015Q4 | pgre |
Investments In Property Funds
InvestmentsInPropertyFunds
|
248824000 | |
CY2014Q4 | pgre |
Investments In Property Funds
InvestmentsInPropertyFunds
|
183216000 | |
CY2015Q4 | us-gaap |
Alternative Investments Fair Value Disclosure
AlternativeInvestmentsFairValueDisclosure
|
167614000 | |
CY2014Q4 | us-gaap |
Alternative Investments Fair Value Disclosure
AlternativeInvestmentsFairValueDisclosure
|
140171000 | |
CY2015Q4 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
416438000 | |
CY2014Q4 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
323387000 | |
CY2015Q4 | pgre |
Capital Commitment Amount
CapitalCommitmentAmount
|
580200000 | |
CY2015Q4 | pgre |
Capital Commitment Invested
CapitalCommitmentInvested
|
166560000 | |
CY2015Q4 | us-gaap |
Loans Receivable Net
LoansReceivableNet
|
167614000 | |
CY2014Q4 | us-gaap |
Loans Receivable Net
LoansReceivableNet
|
45947000 | |
CY2014Q4 | pgre |
Preferred Equity Investments Of Fund
PreferredEquityInvestmentsOfFund
|
94224000 | |
CY2015Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
655194000 | |
CY2014Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
689894000 | |
CY2015Q4 | us-gaap |
Below Market Lease Gross
BelowMarketLeaseGross
|
221672000 | |
CY2014Q4 | us-gaap |
Below Market Lease Gross
BelowMarketLeaseGross
|
222985000 | |
CY2015Q4 | pgre |
Below Market Lease Amortization Income Net Of Above Market Lease Amortization Next Twelve Months
BelowMarketLeaseAmortizationIncomeNetOfAboveMarketLeaseAmortizationNextTwelveMonths
|
20229000 | |
CY2015Q4 | pgre |
Below Market Lease Amortization Income Net Of Above Market Lease Amortization Year Two
BelowMarketLeaseAmortizationIncomeNetOfAboveMarketLeaseAmortizationYearTwo
|
6738000 | |
CY2015Q4 | pgre |
Below Market Lease Amortization Income Net Of Above Market Lease Amortization Year Three
BelowMarketLeaseAmortizationIncomeNetOfAboveMarketLeaseAmortizationYearThree
|
8646000 | |
CY2015Q4 | pgre |
Below Market Lease Amortization Income Net Of Above Market Lease Amortization Year Four
BelowMarketLeaseAmortizationIncomeNetOfAboveMarketLeaseAmortizationYearFour
|
7965000 | |
CY2015Q4 | pgre |
Below Market Lease Amortization Income Net Of Above Market Lease Amortization Year Five
BelowMarketLeaseAmortizationIncomeNetOfAboveMarketLeaseAmortizationYearFive
|
6590000 | |
CY2015Q4 | pgre |
Payment Of Costs Related To Refinancing Including Prepayment Penalties And Swap Breakage
PaymentOfCostsRelatedToRefinancingIncludingPrepaymentPenaltiesAndSwapBreakage
|
42011000 | |
CY2015Q4 | us-gaap |
Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
|
0.0468 | |
CY2015Q4 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
200000000 | |
CY2015Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
1441000 | |
CY2015Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
899340000 | |
CY2015Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
105588000 | |
CY2015Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
858705000 | |
CY2015Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
|
82906000 | |
CY2015Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
|
1013544000 | |
CY2015 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-7843000 | |
CY2015 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-7843000 | |
CY2015Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
|
935048000 | |
CY2015 | us-gaap |
Common Stock Conversion Basis
CommonStockConversionBasis
|
one-for-one | |
CY2015Q4 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
437959000 | |
CY2015Q4 | us-gaap |
Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
|
93936000 | |
CY2014Q4 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
343546000 | |
CY2014Q4 | us-gaap |
Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
|
194196000 | |
CY2015Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
|
486384000 | |
CY2015Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
|
515160000 | |
CY2015Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
|
515559000 | |
CY2015Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
|
502487000 | |
CY2015Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
|
479075000 | |
CY2015Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
|
3112430000 | |
CY2015Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
|
5611095000 | |
CY2015 | us-gaap |
Property Management Fee Revenue
PropertyManagementFeeRevenue
|
5763000 | |
CY2014Q4 | us-gaap |
Property Management Fee Revenue
PropertyManagementFeeRevenue
|
587000 | |
CY2015 | pgre |
Acquisition And Disposition Fee Revenue
AcquisitionAndDispositionFeeRevenue
|
1985000 | |
CY2015 | pgre |
Income Tax Reconciliation Unrealized Gains On Interest Rate Swaps
IncomeTaxReconciliationUnrealizedGainsOnInterestRateSwaps
|
-29586000 | |
CY2015 | pgre |
Effective Income Tax Rate Reconciliation Swaps Breakage Cost
EffectiveIncomeTaxRateReconciliationSwapsBreakageCost
|
27147000 | |
CY2014Q4 | pgre |
Effective Income Tax Rate Reconciliation Swaps Breakage Cost
EffectiveIncomeTaxRateReconciliationSwapsBreakageCost
|
11316000 | |
CY2014Q4 | pgre |
Income Tax Reconciliation Unrealized Gains On Interest Rate Swaps
IncomeTaxReconciliationUnrealizedGainsOnInterestRateSwaps
|
-6832000 | |
CY2015 | us-gaap |
Income Tax Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
IncomeTaxReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary
|
-12909000 | |
CY2014Q4 | us-gaap |
Income Tax Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
IncomeTaxReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary
|
-5347000 | |
CY2015 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
-7356000 | |
CY2014Q4 | pgre |
Acquisition And Disposition Fee Revenue
AcquisitionAndDispositionFeeRevenue
|
510000 | |
CY2015 | us-gaap |
Construction Revenue
ConstructionRevenue
|
216000 | |
CY2014Q4 | us-gaap |
Construction Revenue
ConstructionRevenue
|
58000 | |
CY2015 | pgre |
Other Fees
OtherFees
|
2284000 | |
CY2014Q4 | pgre |
Other Fees
OtherFees
|
21000 | |
CY2015 | us-gaap |
Management Fees Revenue
ManagementFeesRevenue
|
10248000 | |
CY2014Q4 | us-gaap |
Management Fees Revenue
ManagementFeesRevenue
|
1176000 | |
CY2015 | us-gaap |
Other Real Estate Revenue
OtherRealEstateRevenue
|
14745000 | |
CY2014Q4 | us-gaap |
Other Real Estate Revenue
OtherRealEstateRevenue
|
1629000 | |
CY2015 | pgre |
Investment Income Loss On Investments In Deferred Compensation Plan
InvestmentIncomeLossOnInvestmentsInDeferredCompensationPlan
|
197000 | |
CY2014Q4 | pgre |
Investment Income Loss On Investments In Deferred Compensation Plan
InvestmentIncomeLossOnInvestmentsInDeferredCompensationPlan
|
-321000 | |
CY2015 | us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
674000 | |
CY2014Q4 | us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
142000 | |
CY2015 | pgre |
Interest And Debt Costs Including Capitalized Interest Excluding Amortization Of Financing Costs
InterestAndDebtCostsIncludingCapitalizedInterestExcludingAmortizationOfFinancingCosts
|
165801000 | |
CY2014Q4 | pgre |
Interest And Debt Costs Including Capitalized Interest Excluding Amortization Of Financing Costs
InterestAndDebtCostsIncludingCapitalizedInterestExcludingAmortizationOfFinancingCosts
|
43503000 | |
CY2015 | pgre |
Defeasance And Debt Breakage Costs
DefeasanceAndDebtBreakageCosts
|
25717000 | |
CY2015 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
7000000 | |
CY2014Q4 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
391000 | |
CY2015 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
|
1861000 | |
CY2014Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
17.50 | |
CY2015 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
19.08 | |
CY2015 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
17.50 | |
CY2015 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
|
17.50 | |
CY2015Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
17.69 | |
CY2015Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
|
17.69 | |
CY2015Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
17.50 | |
CY2015 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P8Y10M24D | |
CY2015 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
|
P8Y10M24D | |
CY2015 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P8Y10M24D | |
CY2015Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
854670 | |
CY2015Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
|
803000 | |
CY2015Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
221000 | |
CY2015 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
4.44 | |
CY2014 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
3.39 | |
CY2015 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Leases
IncomeTaxReconciliationNondeductibleExpenseLeases
|
36131000 | |
CY2014Q4 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Leases
IncomeTaxReconciliationNondeductibleExpenseLeases
|
-6927000 | |
CY2015 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Depreciation And Amortization
IncomeTaxReconciliationNondeductibleExpenseDepreciationAndAmortization
|
-104399000 | |
CY2014Q4 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Depreciation And Amortization
IncomeTaxReconciliationNondeductibleExpenseDepreciationAndAmortization
|
-11691000 | |
CY2015 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
|
-5794000 | |
CY2014Q4 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
|
-57740000 | |
CY2014Q4 | us-gaap |
Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
|
192891000 | |
CY2014Q4 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
-20832000 | |
CY2015 | pgre |
Effective Income Tax Rate Reconciliation Estimated Taxable Income Loss
EffectiveIncomeTaxRateReconciliationEstimatedTaxableIncomeLoss
|
7357000 | |
CY2014Q4 | pgre |
Effective Income Tax Rate Reconciliation Estimated Taxable Income Loss
EffectiveIncomeTaxRateReconciliationEstimatedTaxableIncomeLoss
|
-61888000 | |
CY2015 | pgre |
Percentage Of Return On Capital
PercentageOfReturnOnCapital
|
0.892 | |
CY2015 | pgre |
Percentage Of Ordinary Dividend
PercentageOfOrdinaryDividend
|
0.108 | |
CY2014Q4 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1000 | |
CY2015 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.02 | |
CY2014Q4 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.27 | |
CY2015 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
53281000 | |
CY2014Q4 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
53043000 | |
CY2015Q4 | us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
170528000 | |
CY2015Q3 | us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
167726000 | |
CY2015Q2 | us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
162928000 | |
CY2015Q1 | us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
161226000 | |
CY2015Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
8905000 | |
CY2015Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1116000 | |
CY2015Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4709000 | |
CY2015Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-9731000 | |
CY2015Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.04 | |
CY2015Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.01 | |
CY2015Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.02 | |
CY2015Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.05 | |
CY2015Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.04 | |
CY2015Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.01 | |
CY2015Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.02 | |
CY2015Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.05 | |
CY2015 | pgre |
Debt Instrument Maturity Date In Month And Year
DebtInstrumentMaturityDateInMonthAndYear
|
2017-10 | |
CY2015 | us-gaap |
Related Party Transaction Rate
RelatedPartyTransactionRate
|
0.0050 | |
CY2015 | us-gaap |
Interest Expense Related Party
InterestExpenseRelatedParty
|
136000 | |
CY2015 | pgre |
Net Operating Income From Equity Method Investments
NetOperatingIncomeFromEquityMethodInvestments
|
16580000 | |
CY2015 | pgre |
Net Operating Income
NetOperatingIncome
|
423986000 | |
CY2014Q4 | pgre |
Net Operating Income From Equity Method Investments
NetOperatingIncomeFromEquityMethodInvestments
|
1680000 | |
CY2014Q4 | pgre |
Net Operating Income
NetOperatingIncome
|
42040000 | |
CY2014Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
333000 | |
CY2014Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
257000 | |
CY2015 | us-gaap |
Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
|
87000 | |
CY2014Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
|
76000 | |
CY2015 | us-gaap |
Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
|
55000 | |
CY2015Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
365000 | |
CY2015Q4 | us-gaap |
Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
|
2941524000 | |
CY2015Q4 | us-gaap |
Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
|
2042071000 | |
CY2015Q4 | us-gaap |
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
|
5442199000 | |
CY2015Q4 | us-gaap |
Sec Schedule Iii Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Buildings And Improvements
SECScheduleIIIRealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionBuildingsAndImprovements
|
167847000 | |
CY2015Q4 | us-gaap |
Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
|
2042071000 | |
CY2015Q4 | us-gaap |
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
|
5610046000 | |
CY2015Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
7652117000 | |
CY2015Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
243089000 | |
CY2015Q4 | pgre |
Sec Schedule Iii Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Buildings And Improvements Other
SECScheduleIIIRealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionBuildingsAndImprovementsOther
|
1627000 | |
CY2015Q4 | pgre |
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements Other
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovementsOther
|
1627000 | |
CY2015Q4 | pgre |
Real Estate Gross At Carrying Value Other
RealEstateGrossAtCarryingValueOther
|
1627000 | |
CY2015 | pgre |
Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense Other
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpenseOther
|
36000 | |
CY2015 | pgre |
Real Estate And Accumulated Depreciation Date Acquired Other
RealEstateAndAccumulatedDepreciationDateAcquiredOther
|
2014-11-24 | |
CY2015Q4 | pgre |
Net Basis Difference Of Assets And Liabilities Between Tax Basis And Gaap Basis
NetBasisDifferenceOfAssetsAndLiabilitiesBetweenTaxBasisAndGaapBasis
|
2300000000 | |
CY2014Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
7530239000 | |
CY2013Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
414998000 | |
CY2012Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
414855000 | |
CY2014 | pgre |
Real Estate Acquisitions
RealEstateAcquisitions
|
64650000 | |
CY2014 | pgre |
Real Estate Acquisition Of Properties In Connection With The Formation Transactions
RealEstateAcquisitionOfPropertiesInConnectionWithTheFormationTransactions
|
7043650000 | |
CY2015 | us-gaap |
Real Estate Improvements
RealEstateImprovements
|
123277000 | |
CY2014 | us-gaap |
Real Estate Improvements
RealEstateImprovements
|
9676000 | |
CY2013 | us-gaap |
Real Estate Improvements
RealEstateImprovements
|
147000 | |
CY2014 | pgre |
Real Estate Cost Of Real Estate Sold And Written Off
RealEstateCostOfRealEstateSoldAndWrittenOff
|
2735000 | |
CY2015 | pgre |
Real Estate Cost Of Real Estate Sold And Written Off
RealEstateCostOfRealEstateSoldAndWrittenOff
|
1399000 | |
CY2013 | pgre |
Real Estate Cost Of Real Estate Sold And Written Off
RealEstateCostOfRealEstateSoldAndWrittenOff
|
4000 | |
CY2014Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
81050000 | |
CY2013Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
57689000 | |
CY2012Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
48425000 | |
CY2015 | us-gaap |
Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
|
163438000 | |
CY2014 | us-gaap |
Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
|
26096000 | |
CY2013 | us-gaap |
Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
|
9268000 | |
CY2015 | pgre |
Real Estate Accumulated Depreciation Real Estate Sold And Written Off
RealEstateAccumulatedDepreciationRealEstateSoldAndWrittenOff
|
1399000 | |
CY2014 | pgre |
Real Estate Accumulated Depreciation Real Estate Sold And Written Off
RealEstateAccumulatedDepreciationRealEstateSoldAndWrittenOff
|
2735000 | |
CY2013 | pgre |
Real Estate Accumulated Depreciation Real Estate Sold And Written Off
RealEstateAccumulatedDepreciationRealEstateSoldAndWrittenOff
|
4000 |