2017 Q3 Form 10-Q Financial Statement

#000156459017021845 Filed on November 06, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q4 2016 Q3
Revenue $179.8M $166.8M $171.3M
YoY Change 4.93% -2.18% 2.14%
Cost Of Revenue $68.30M $63.10M $64.00M
YoY Change 6.72% 2.27% 0.95%
Gross Profit $111.5M $103.7M $107.3M
YoY Change 3.91% -4.69% 2.78%
Gross Profit Margin 62.02% 62.17% 62.63%
Selling, General & Admin $14.50M $14.20M $13.20M
YoY Change 9.85% 4.41% 97.01%
% of Gross Profit 13.0% 13.69% 12.3%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $66.50M $61.00M $66.40M
YoY Change 0.15% -13.96% -6.08%
% of Gross Profit 59.64% 58.82% 61.88%
Operating Expenses $149.5M $75.10M $143.9M
YoY Change 3.89% -11.33% 1.95%
Operating Profit $30.25M $28.60M $27.40M
YoY Change 10.39% 18.67% 3.14%
Interest Expense $32.91M -$30.40M $36.82M
YoY Change -10.61% 721.62% -12.83%
% of Operating Profit 108.82% -106.29% 134.38%
Other Income/Expense, Net $800.0K $200.0K $700.0K
YoY Change 14.29%
Pretax Income -$26.41M -$200.0K $4.687M
YoY Change -663.54% -101.01% -53.8%
Income Tax -$1.010M $2.600M $218.0K
% Of Pretax Income 4.65%
Net Earnings -$10.21M -$6.489M -$139.0K
YoY Change 7248.2% -172.87% -112.46%
Net Earnings / Revenue -5.68% -3.89% -0.08%
Basic Earnings Per Share -$0.04 -$0.03 $0.00
Diluted Earnings Per Share -$0.04 -$0.03 $0.00
COMMON SHARES
Basic Shares Outstanding 239.4M 221.1M 219.4M
Diluted Shares Outstanding 239.4M 219.4M

Balance Sheet

Concept 2017 Q3 2016 Q4 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $185.0M $185.4M $83.30M
YoY Change 122.09% 12.06% -80.08%
Cash & Equivalents $185.0M $163.0M $83.28M
Short-Term Investments $22.39M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $13.80M $15.30M $12.20M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $198.8M $178.3M $95.50M
YoY Change 108.17% 15.26% -77.81%
LONG-TERM ASSETS
Property, Plant & Equipment $7.863B $7.531B $7.370B
YoY Change 6.69% 1.65% -0.51%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $117.8M $112.0M $108.9M
YoY Change 8.17% -77.56% -70.02%
Other Assets $330.4M $610.9M $262.5M
YoY Change 25.87% 213.93% 27.86%
Total Long-Term Assets $8.725B $8.689B $8.245B
YoY Change 5.83% 0.57% -3.65%
TOTAL ASSETS
Total Short-Term Assets $198.8M $178.3M $95.50M
Total Long-Term Assets $8.725B $8.689B $8.245B
Total Assets $8.924B $8.867B $8.340B
YoY Change 7.0% 0.83% -7.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $97.70M $103.9M $85.90M
YoY Change 13.74% 1.17% -11.63%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $122.9M $129.1M $111.1M
YoY Change 10.62% 1.02% -9.16%
LONG-TERM LIABILITIES
Long-Term Debt $3.566B $3.622B $3.094B
YoY Change 15.27% 20.12% 5.74%
Other Long-Term Liabilities $192.6M $228.5M $272.5M
YoY Change -29.32% -28.32% -32.1%
Total Long-Term Liabilities $3.759B $3.851B $3.366B
YoY Change 11.66% 15.48% 1.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $122.9M $129.1M $111.1M
Total Long-Term Liabilities $3.759B $3.851B $3.366B
Total Liabilities $3.882B $3.981B $4.544B
YoY Change -14.57% 14.91% -11.45%
SHAREHOLDERS EQUITY
Retained Earnings -$104.1M -$129.7M
YoY Change 258.95%
Common Stock $4.289B $4.119B
YoY Change 8.26%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.186B $3.990B $3.796B
YoY Change
Total Liabilities & Shareholders Equity $8.924B $8.867B $8.340B
YoY Change 7.0% 1.05% -7.2%

Cashflow Statement

Concept 2017 Q3 2016 Q4 2016 Q3
OPERATING ACTIVITIES
Net Income -$10.21M -$6.489M -$139.0K
YoY Change 7248.2% -172.87% -112.46%
Depreciation, Depletion And Amortization $66.50M $61.00M $66.40M
YoY Change 0.15% -13.96% -6.08%
Cash From Operating Activities $23.10M $74.90M -$61.90M
YoY Change -137.32% -199.6% 1409.76%
INVESTING ACTIVITIES
Capital Expenditures -$187.3M -$543.1M -$33.60M
YoY Change 457.44% 1278.43% 26.32%
Acquisitions
YoY Change
Other Investing Activities $17.00M $53.20M -$52.20M
YoY Change -132.57% 35.03% 42.62%
Cash From Investing Activities -$170.3M -$489.9M -$85.80M
YoY Change 98.48% 36.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 67.40M 494.6M 6.500M
YoY Change 936.92% -348.54% -86.23%
NET CHANGE
Cash From Operating Activities 23.10M 74.90M -61.90M
Cash From Investing Activities -170.3M -489.9M -85.80M
Cash From Financing Activities 67.40M 494.6M 6.500M
Net Change In Cash -79.80M 79.60M -141.2M
YoY Change -43.48% -129.03% 609.55%
FREE CASH FLOW
Cash From Operating Activities $23.10M $74.90M -$61.90M
Capital Expenditures -$187.3M -$543.1M -$33.60M
Free Cash Flow $210.4M $618.0M -$28.30M
YoY Change -843.46% -1826.26% -225.78%

Facts In Submission

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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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pgre Net Operating Income
NetOperatingIncome
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CY2017Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterestInJointVentures
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us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
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us-gaap Increase Decrease In Deferred Income Taxes
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us-gaap Increase Decrease In Other Operating Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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70148000
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
59255000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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-147149000
pgre Common Shares Issued Upon Redemption Of Common Units
CommonSharesIssuedUponRedemptionOfCommonUnits
126142000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
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CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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pgre Decrease In Cash Due To Deconsolidation Of Real Estate Fund Investments
DecreaseInCashDueToDeconsolidationOfRealEstateFundInvestments
7987000
CY2016Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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us-gaap Interest Paid Net
InterestPaidNet
106731000
us-gaap Interest Paid Net
InterestPaidNet
106015000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5042000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1524000
pgre Common Shares Issued Upon Redemption Of Common Units
CommonSharesIssuedUponRedemptionOfCommonUnits
166524000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
991556000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
509578000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
290000000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
80000000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
60000000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
110000000
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
115549000
us-gaap Payments Of Dividends
PaymentsOfDividends
66469000
us-gaap Payments Of Dividends
PaymentsOfDividends
61241000
us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
19425000
us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
16040000
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
7877000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
7344000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
6532000
pgre Proceeds From Refund Of Transfer Taxes Paid For Acquisition Of Noncontrolling Interest
ProceedsFromRefundOfTransferTaxesPaidForAcquisitionOfNoncontrollingInterest
9555000
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
9100000
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
14124000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
154000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-398851000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
24385000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
22063000
pgre Dividends And Distributions Declared But Not Paid
DividendsAndDistributionsDeclaredButNotPaid
25211000
pgre Dividends And Distributions Declared But Not Paid
DividendsAndDistributionsDeclaredButNotPaid
25151000
pgre Assets Written Off
AssetsWrittenOff
8475000
pgre Additions To Real Estate Included In Accounts Payable And Accrued Expenses
AdditionsToRealEstateIncludedInAccountsPayableAndAccruedExpenses
10986000
pgre Noncash Activity Purchase Of Marketable Securities Resulting To Decrease In Restricted Cash
NoncashActivityPurchaseOfMarketableSecuritiesResultingToDecreaseInRestrictedCash
2278000
pgre Noncash Activity Purchase Of Marketable Securities Resulting To Decrease In Restricted Cash
NoncashActivityPurchaseOfMarketableSecuritiesResultingToDecreaseInRestrictedCash
139000
pgre Change In Fair Value Of Interest Rate Swaps
ChangeInFairValueOfInterestRateSwaps
-729000
pgre Change In Fair Value Of Interest Rate Swaps
ChangeInFairValueOfInterestRateSwaps
33812000
pgre Non Cash Transactions Consolidation Deconsolidation Of Real Estate And Real Estate Fund Investments
NonCashTransactionsConsolidationDeconsolidationOfRealEstateAndRealEstateFundInvestments
102512000
pgre Non Cash Transactions Consolidation Deconsolidation Of Real Estate And Real Estate Fund Investments
NonCashTransactionsConsolidationDeconsolidationOfRealEstateAndRealEstateFundInvestments
-396697000
us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
228000000
us-gaap Nature Of Operations
NatureOfOperations
<div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:3.33%;white-space:nowrap"> <p style="margin-bottom:0pt;margin-top:0pt;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:0pt;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-size:9pt;">&nbsp;</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:3.33%;font-size:9pt;">&nbsp;</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 financial statements, unless otherwise indicated, all references to &#8220;we,&#8221; &#8220;us,&#8221; &#8220;our,&#8221; the &#8220;Company,&#8221; and &#8220;Paramount&#8221; refer to Paramount Group, Inc., a Maryland corporation, and its consolidated subsidiaries, including Paramount Group Operating Partnership LP (the &#8220;Operating Partnership&#8221;), a Delaware Limited Partnership. We are a fully-integrated real estate investment trust (&#8220;REIT&#8221;) 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 September 30, 2017, our portfolio consisted of 14 Class A office properties aggregating approximately 12.5 million square feet. We conduct our business through, and substantially all of our interests in properties and investments are held by, the Operating Partnership. We are the sole general partner of, and owned approximately 90.6% of, the Operating Partnership as of September 30, 2017.</p></div>
pgre Net Operating Income
NetOperatingIncome
335950000
CY2017Q3 pgre Preferred Equity Investment Gross
PreferredEquityInvestmentGross
55351000
CY2016Q4 pgre Preferred Equity Investment Gross
PreferredEquityInvestmentGross
55051000
CY2017Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
562262000
CY2016Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
579066000
CY2017Q3 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
210016000
CY2016Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
208367000
CY2017Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
14
CY2017Q3 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
12500000
us-gaap Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
0.906
CY2017Q3 pgre Percentage Of Ownership Interest In New Joint Venture
PercentageOfOwnershipInterestInNewJointVenture
0.366
CY2017Q3 pgre Equity Method Investment Summarized Financial Information Realized Gain Losses Net
EquityMethodInvestmentSummarizedFinancialInformationRealizedGainLossesNet
-839000
pgre Equity Method Investment Summarized Financial Information Realized Gain Losses Net
EquityMethodInvestmentSummarizedFinancialInformationRealizedGainLossesNet
-665000
CY2017Q3 pgre Equity Method Investment Summarized Financial Information Unrealized Gain Losses Net
EquityMethodInvestmentSummarizedFinancialInformationUnrealizedGainLossesNet
202000
CY2016Q3 pgre Equity Method Investment Summarized Financial Information Unrealized Gain Losses Net
EquityMethodInvestmentSummarizedFinancialInformationUnrealizedGainLossesNet
-361000
pgre Equity Method Investment Summarized Financial Information Unrealized Gain Losses Net
EquityMethodInvestmentSummarizedFinancialInformationUnrealizedGainLossesNet
-26000
pgre Equity Method Investment Summarized Financial Information Unrealized Gain Losses Net
EquityMethodInvestmentSummarizedFinancialInformationUnrealizedGainLossesNet
-2939000
CY2017Q3 pgre Preferred Equity Ownership Percentage
PreferredEquityOwnershipPercentage
0.244
CY2017Q3 pgre Loss Accrual On Preferred Equity Investment
LossAccrualOnPreferredEquityInvestment
19588000
CY2017Q3 pgre Below Market Lease Amortization Income Net Of Above Market Lease Amortization Next Twelve Months
BelowMarketLeaseAmortizationIncomeNetOfAboveMarketLeaseAmortizationNextTwelveMonths
16281000
CY2017Q3 pgre Other Fees
OtherFees
689000
CY2016Q3 pgre Other Fees
OtherFees
382000
pgre Other Fees
OtherFees
1356000
pgre Other Fees
OtherFees
827000
CY2017Q3 us-gaap Management Fees Revenue
ManagementFeesRevenue
5834000
CY2016Q3 us-gaap Management Fees Revenue
ManagementFeesRevenue
3976000
us-gaap Management Fees Revenue
ManagementFeesRevenue
19838000
us-gaap Management Fees Revenue
ManagementFeesRevenue
11568000
CY2017Q3 pgre Lease Termination Income
LeaseTerminationIncome
954000
CY2016Q3 pgre Lease Termination Income
LeaseTerminationIncome
3460000
CY2017Q3 pgre Below Market Lease Amortization Income Net Of Above Market Lease Amortization Year Two
BelowMarketLeaseAmortizationIncomeNetOfAboveMarketLeaseAmortizationYearTwo
14355000
CY2017Q3 pgre Below Market Lease Amortization Income Net Of Above Market Lease Amortization Year Three
BelowMarketLeaseAmortizationIncomeNetOfAboveMarketLeaseAmortizationYearThree
8750000
CY2017Q3 pgre Below Market Lease Amortization Income Net Of Above Market Lease Amortization Year Four
BelowMarketLeaseAmortizationIncomeNetOfAboveMarketLeaseAmortizationYearFour
4491000
CY2017Q3 pgre Below Market Lease Amortization Income Net Of Above Market Lease Amortization Year Five
BelowMarketLeaseAmortizationIncomeNetOfAboveMarketLeaseAmortizationYearFive
1091000
CY2017Q3 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.0360
CY2017Q3 us-gaap Notes And Loans Payable
NotesAndLoansPayable
3583100000
CY2016Q4 us-gaap Notes And Loans Payable
NotesAndLoansPayable
3408179000
CY2017Q3 us-gaap Assets Needed For Immediate Settlement Aggregate Fair Value
AssetsNeededForImmediateSettlementAggregateFairValue
1138000
CY2017Q3 us-gaap Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
0
CY2017Q3 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
-630000
CY2016Q3 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
3727000
us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
-4669000
CY2017Q3 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
1297000
CY2016Q3 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
2747000
CY2016Q4 us-gaap Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
551834000
us-gaap Common Stock Conversion Basis
CommonStockConversionBasis
one-for-one
CY2017Q3 us-gaap Interest Rate Derivative Assets At Fair Value
InterestRateDerivativeAssetsAtFairValue
1375000
CY2017Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
29242000
CY2017Q3 us-gaap Interest Rate Derivative Liabilities At Fair Value
InterestRateDerivativeLiabilitiesAtFairValue
1726000
CY2017Q3 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
1726000
CY2016Q4 us-gaap Interest Rate Derivative Assets At Fair Value
InterestRateDerivativeAssetsAtFairValue
139000
CY2016Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
22532000
CY2016Q4 us-gaap Interest Rate Derivative Liabilities At Fair Value
InterestRateDerivativeLiabilitiesAtFairValue
22446000
CY2016Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
22446000
CY2017Q3 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
1673000
CY2016Q3 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
1404000
us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
4815000
us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
4464000
CY2017Q3 us-gaap Asset Management Fees1
AssetManagementFees1
1997000
CY2016Q3 us-gaap Asset Management Fees1
AssetManagementFees1
2003000
us-gaap Asset Management Fees1
AssetManagementFees1
6622000
us-gaap Asset Management Fees1
AssetManagementFees1
5500000
CY2017Q3 pgre Acquisition And Disposition Fees
AcquisitionAndDispositionFees
1475000
CY2016Q3 pgre Acquisition And Disposition Fees
AcquisitionAndDispositionFees
187000
pgre Acquisition And Disposition Fees
AcquisitionAndDispositionFees
7045000
pgre Acquisition And Disposition Fees
AcquisitionAndDispositionFees
777000
pgre Lease Termination Income
LeaseTerminationIncome
1915000
CY2017Q3 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
2545000
CY2016Q3 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
2885000
CY2017Q3 pgre Net Operating Income From Equity Method Investments
NetOperatingIncomeFromEquityMethodInvestments
4993000
CY2017Q3 pgre Net Operating Income
NetOperatingIncome
110665000
CY2016Q3 pgre Property Related Revenues
PropertyRelatedRevenues
167342000
CY2016Q3 pgre Net Operating Income From Equity Method Investments
NetOperatingIncomeFromEquityMethodInvestments
3974000
CY2017Q3 pgre Preferred Equity Investment Income
PreferredEquityInvestmentIncome
961000
pgre Preferred Equity Investment Income
PreferredEquityInvestmentIncome
4299000
us-gaap Interest And Other Income
InterestAndOtherIncome
743000
us-gaap Interest And Other Income
InterestAndOtherIncome
533000
CY2016Q3 pgre Investment Income Loss On Investments In Deferred Compensation Plan
InvestmentIncomeLossOnInvestmentsInDeferredCompensationPlan
736000
pgre Investment Income Loss On Investments In Deferred Compensation Plan
InvestmentIncomeLossOnInvestmentsInDeferredCompensationPlan
3536000
pgre Investment Income Loss On Investments In Deferred Compensation Plan
InvestmentIncomeLossOnInvestmentsInDeferredCompensationPlan
197000
CY2017Q3 us-gaap Interest Expense
InterestExpense
32914000
CY2016Q3 us-gaap Interest Expense
InterestExpense
36820000
us-gaap Interest Expense
InterestExpense
99201000
us-gaap Interest Expense
InterestExpense
109285000
CY2017Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2819000
CY2016Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1458000
CY2017Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3825000
CY2016Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2583000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
1855000
CY2017Q3 pgre Earnings Loss Allocated To Unvested Participating Securities Basic And Diluted
EarningsLossAllocatedToUnvestedParticipatingSecuritiesBasicAndDiluted
13000
CY2016Q3 pgre Earnings Loss Allocated To Unvested Participating Securities Basic And Diluted
EarningsLossAllocatedToUnvestedParticipatingSecuritiesBasicAndDiluted
9000
pgre Earnings Loss Allocated To Unvested Participating Securities Basic And Diluted
EarningsLossAllocatedToUnvestedParticipatingSecuritiesBasicAndDiluted
86000
pgre Earnings Loss Allocated To Unvested Participating Securities Basic And Diluted
EarningsLossAllocatedToUnvestedParticipatingSecuritiesBasicAndDiluted
28000
pgre Numerator For Income Loss Per Common Share Basic And Diluted
NumeratorForIncomeLossPerCommonShareBasicAndDiluted
93088000
pgre Numerator For Income Loss Per Common Share Basic And Diluted
NumeratorForIncomeLossPerCommonShareBasicAndDiluted
-3473000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
27000
CY2017Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.04
CY2016Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.00
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.40
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.02
CY2017Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
27911000
CY2016Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
46930000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
32036000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
49854000
CY2017Q3 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
34000
CY2016Q3 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
43000
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
103000
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
112000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2017Q3 pgre Property Related Revenues
PropertyRelatedRevenues
173936000
pgre Net Operating Income From Equity Method Investments
NetOperatingIncomeFromEquityMethodInvestments
14774000
pgre Property Related Revenues
PropertyRelatedRevenues
504971000
pgre Net Operating Income From Equity Method Investments
NetOperatingIncomeFromEquityMethodInvestments
12938000

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