$PGRE
Paramount Group Inc

2019 Q1 Form 10-Q Financial Statement

#000156459019014824 Filed on May 01, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $184.4M $184.3M
YoY Change 0.06% 1.67%
Cost Of Revenue $65.50M $69.00M
YoY Change -5.07% 4.55%
Gross Profit $118.9M $115.3M
YoY Change 3.12% 0.0%
Gross Profit Margin 64.48% 62.57%
Selling, General & Admin $17.40M $12.60M
YoY Change 38.1% -7.35%
% of Gross Profit 14.63% 10.93%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $63.10M $65.20M
YoY Change -3.22% 3.49%
% of Gross Profit 53.07% 56.55%
Operating Expenses $144.4M $146.9M
YoY Change -1.72% 2.85%
Operating Profit -$25.45M $37.39M
YoY Change -168.08% -2.68%
Interest Expense $34.12M $33.32M
YoY Change 2.41% -2.82%
% of Operating Profit 89.13%
Other Income/Expense, Net $1.717M $248.0K
YoY Change 592.34% -85.41%
Pretax Income $6.032M $3.192M
YoY Change 88.97% -46.0%
Income Tax $1.138M $477.0K
% Of Pretax Income 18.87% 14.94%
Net Earnings $3.709M $1.114M
YoY Change 232.94% 199.46%
Net Earnings / Revenue 2.01% 0.6%
Basic Earnings Per Share $0.02 $0.00
Diluted Earnings Per Share $0.02 $0.00
COMMON SHARES
Basic Shares Outstanding 233.4M 240.3M
Diluted Shares Outstanding 233.5M 240.3M

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $370.3M $212.5M
YoY Change 74.25% 69.05%
Cash & Equivalents $342.3M $245.6M
Short-Term Investments $27.98M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $20.10M $17.00M
Other Receivables $0.00 $0.00
Total Short-Term Assets $362.4M $229.5M
YoY Change 57.91% 65.94%
LONG-TERM ASSETS
Property, Plant & Equipment $7.440B $7.825B
YoY Change -4.92% 4.36%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $144.6M $135.5M
YoY Change 6.72% -3.76%
Other Assets $416.4M $374.2M
YoY Change 11.28% -44.91%
Total Long-Term Assets $8.359B $8.744B
YoY Change -4.41% -0.03%
TOTAL ASSETS
Total Short-Term Assets $362.4M $229.5M
Total Long-Term Assets $8.359B $8.744B
Total Assets $8.722B $8.974B
YoY Change -2.81% 0.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $125.6M $128.6M
YoY Change -2.33% 45.64%
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 $151.5M $155.2M
YoY Change -2.38% 36.74%
LONG-TERM LIABILITIES
Long-Term Debt $3.569B $3.588B
YoY Change -0.52% -3.17%
Other Long-Term Liabilities $146.5M $177.0M
YoY Change -17.23% -19.66%
Total Long-Term Liabilities $3.715B $3.765B
YoY Change -1.3% -4.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $151.5M $155.2M
Total Long-Term Liabilities $3.715B $3.765B
Total Liabilities $3.867B $4.811B
YoY Change -19.63% -1.64%
SHAREHOLDERS EQUITY
Retained Earnings -$239.9M
YoY Change
Common Stock $4.220B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.989B $4.162B
YoY Change
Total Liabilities & Shareholders Equity $8.722B $8.974B
YoY Change -2.81% 0.99%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $3.709M $1.114M
YoY Change 232.94% 199.46%
Depreciation, Depletion And Amortization $63.10M $65.20M
YoY Change -3.22% 3.49%
Cash From Operating Activities $94.45M $35.57M
YoY Change 165.54% 100.95%
INVESTING ACTIVITIES
Capital Expenditures -$27.90M -$25.40M
YoY Change 9.84% 68.21%
Acquisitions
YoY Change
Other Investing Activities -$28.70M -$27.90M
YoY Change 2.87% -42.47%
Cash From Investing Activities -$56.65M -$53.35M
YoY Change 6.19% -15.99%
FINANCING ACTIVITIES
Cash Dividend Paid $22.84M
YoY Change 4.53%
Common Stock Issuance & Retirement, Net $213.0K
YoY Change 38.31%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -42.74M 12.93M
YoY Change -430.58% 50.35%
NET CHANGE
Cash From Operating Activities 94.45M 35.57M
Cash From Investing Activities -56.65M -53.35M
Cash From Financing Activities -42.74M 12.93M
Net Change In Cash -4.938M -4.846M
YoY Change 1.9% -86.97%
FREE CASH FLOW
Cash From Operating Activities $94.45M $35.57M
Capital Expenditures -$27.90M -$25.40M
Free Cash Flow $122.4M $60.97M
YoY Change 100.68% 85.88%

Facts In Submission

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CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
250425000
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
360471000
CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
245579000
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
31044000
CY2018Q1 us-gaap Interest Paid Net
InterestPaidNet
33170000
CY2018Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
299000
CY2018Q1 pgre Dividends And Distributions Declared But Not Paid
DividendsAndDistributionsDeclaredButNotPaid
26627000
CY2019Q1 pgre Additions To Real Estate Included In Accounts Payable And Accrued Expenses
AdditionsToRealEstateIncludedInAccountsPayableAndAccruedExpenses
15630000
CY2018Q1 pgre Additions To Real Estate Included In Accounts Payable And Accrued Expenses
AdditionsToRealEstateIncludedInAccountsPayableAndAccruedExpenses
13334000
CY2018Q1 pgre Common Shares Issued Upon Redemption Of Common Units
CommonSharesIssuedUponRedemptionOfCommonUnits
123000
CY2019Q1 pgre Change In Fair Value Of Interest Rate Swaps
ChangeInFairValueOfInterestRateSwaps
9026000
CY2018Q1 pgre Change In Fair Value Of Interest Rate Swaps
ChangeInFairValueOfInterestRateSwaps
-14551000
CY2019Q1 pgre Assets Written Off
AssetsWrittenOff
1578000
CY2018Q1 pgre Adjustment To Investments In Unconsolidated Joint Ventures
AdjustmentToInvestmentsInUnconsolidatedJointVentures
7086000
CY2019Q1 us-gaap Nature Of Operations
NatureOfOperations
<p style="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;"><a name="NOTES_TO_CONSOLIDATED_FINANCIAL_STATEMEN"></a><a name="NOTES_TO_CONSOLIDATED_FINANCIAL_STATEMEN"></a>1.&nbsp;&nbsp;&nbsp;&nbsp; Organization and Business</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-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;&#160; 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, San Francisco and Washington, D.C. As of March 31, 2019, our portfolio consisted of 13 Class A office properties aggregating approximately 12.2 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 90.5% of, the Operating Partnership as of March 31, 2019.</p>
CY2019Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;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;">We have made estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ materially from those estimates. The results of operations for the three months ended March 31, 2019, are not necessarily indicative of the operating results for the full year.</p>
CY2019Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Reclassifications</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:3.33%;font-family:Times New Roman;font-size:10pt;">&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;">Certain prior year balances have been reclassified to conform to current year presentation.</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
CY2019Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
13
CY2019Q1 us-gaap Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
0.905
CY2019Q1 pgre Equity Method Investment Summarized Financial Information Real Estate Net
EquityMethodInvestmentSummarizedFinancialInformationRealEstateNet
1460396000
CY2018Q4 pgre Equity Method Investment Summarized Financial Information Real Estate Net
EquityMethodInvestmentSummarizedFinancialInformationRealEstateNet
1236989000
CY2019Q1 pgre Equity Method Investment Summarized Financial Information Intangible Assets Net
EquityMethodInvestmentSummarizedFinancialInformationIntangibleAssetsNet
106781000
CY2018Q4 pgre Equity Method Investment Summarized Financial Information Intangible Assets Net
EquityMethodInvestmentSummarizedFinancialInformationIntangibleAssetsNet
97658000
CY2019Q1 pgre Equity Method Investment Summarized Financial Information Other Assets
EquityMethodInvestmentSummarizedFinancialInformationOtherAssets
95031000
CY2018Q4 pgre Equity Method Investment Summarized Financial Information Other Assets
EquityMethodInvestmentSummarizedFinancialInformationOtherAssets
91552000
CY2019Q1 us-gaap Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
1662208000
CY2018Q4 us-gaap Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
1426199000
CY2019Q1 pgre Equity Method Investment Summarized Financial Information Mortgage And Notes Payable
EquityMethodInvestmentSummarizedFinancialInformationMortgageAndNotesPayable
1022931000
CY2018Q4 pgre Equity Method Investment Summarized Financial Information Mortgage And Notes Payable
EquityMethodInvestmentSummarizedFinancialInformationMortgageAndNotesPayable
887882000
CY2019Q1 pgre Equity Method Investment Summarized Financial Information Intangible Liabilities Net
EquityMethodInvestmentSummarizedFinancialInformationIntangibleLiabilitiesNet
5685000
CY2019Q1 pgre Equity Method Investment Summarized Financial Information Other Liabilities
EquityMethodInvestmentSummarizedFinancialInformationOtherLiabilities
23758000
CY2018Q4 pgre Equity Method Investment Summarized Financial Information Other Liabilities
EquityMethodInvestmentSummarizedFinancialInformationOtherLiabilities
22310000
CY2019Q1 us-gaap Equity Method Investment Summarized Financial Information Liabilities
EquityMethodInvestmentSummarizedFinancialInformationLiabilities
1052374000
CY2018Q4 us-gaap Equity Method Investment Summarized Financial Information Liabilities
EquityMethodInvestmentSummarizedFinancialInformationLiabilities
910192000
CY2019Q1 us-gaap Equity Method Investment Summarized Financial Information Equity
EquityMethodInvestmentSummarizedFinancialInformationEquity
609834000
CY2018Q4 us-gaap Equity Method Investment Summarized Financial Information Equity
EquityMethodInvestmentSummarizedFinancialInformationEquity
516007000
CY2018Q1 pgre Equity Method Investment Summarized Financial Information Interest And Debt Expense
EquityMethodInvestmentSummarizedFinancialInformationInterestAndDebtExpense
9179000
CY2019Q1 pgre Equity Method Investment Summarized Financial Information Net Income Loss Before Income Taxes
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossBeforeIncomeTaxes
-1635000
CY2018Q1 pgre Equity Method Investment Summarized Financial Information Net Income Loss Before Income Taxes
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossBeforeIncomeTaxes
1274000
CY2019Q1 pgre Equity Method Investment Summarized Financial Information Income Tax Expense
EquityMethodInvestmentSummarizedFinancialInformationIncomeTaxExpense
8000
CY2018Q1 pgre Equity Method Investment Summarized Financial Information Income Tax Expense
EquityMethodInvestmentSummarizedFinancialInformationIncomeTaxExpense
10000
CY2019Q1 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
-1643000
CY2018Q1 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
1264000
CY2019Q1 us-gaap Equity Method Investment Summarized Financial Information Liabilities And Equity
EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity
1662208000
CY2018Q4 us-gaap Equity Method Investment Summarized Financial Information Liabilities And Equity
EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity
1426199000
CY2019Q1 pgre Equity Method Investment Summarized Financial Information Rental Revenue
EquityMethodInvestmentSummarizedFinancialInformationRentalRevenue
38224000
CY2018Q1 pgre Equity Method Investment Summarized Financial Information Rental Revenue
EquityMethodInvestmentSummarizedFinancialInformationRentalRevenue
35835000
CY2019Q1 pgre Equity Method Investment Summarized Financial Information Fee And Other Income
EquityMethodInvestmentSummarizedFinancialInformationFeeAndOtherIncome
98000
CY2018Q1 pgre Equity Method Investment Summarized Financial Information Fee And Other Income
EquityMethodInvestmentSummarizedFinancialInformationFeeAndOtherIncome
136000
CY2019Q1 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
38322000
CY2018Q1 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
35971000
CY2019Q1 pgre Equity Method Investment Summarized Financial Information Operating Costs And Expenses
EquityMethodInvestmentSummarizedFinancialInformationOperatingCostsAndExpenses
14403000
CY2018Q1 pgre Equity Method Investment Summarized Financial Information Operating Costs And Expenses
EquityMethodInvestmentSummarizedFinancialInformationOperatingCostsAndExpenses
13527000
CY2019Q1 pgre Equity Method Investment Summarized Financial Information Depreciation And Amortization
EquityMethodInvestmentSummarizedFinancialInformationDepreciationAndAmortization
14125000
CY2018Q1 pgre Equity Method Investment Summarized Financial Information Depreciation And Amortization
EquityMethodInvestmentSummarizedFinancialInformationDepreciationAndAmortization
12161000
CY2019Q1 pgre Equity Method Investment Summarized Financial Information Operating Expenses
EquityMethodInvestmentSummarizedFinancialInformationOperatingExpenses
28528000
CY2018Q1 pgre Equity Method Investment Summarized Financial Information Operating Expenses
EquityMethodInvestmentSummarizedFinancialInformationOperatingExpenses
25688000
CY2019Q1 pgre Equity Method Investment Summarized Financial Information Interest And Other Income Net
EquityMethodInvestmentSummarizedFinancialInformationInterestAndOtherIncomeNet
98000
CY2018Q1 pgre Equity Method Investment Summarized Financial Information Interest And Other Income Net
EquityMethodInvestmentSummarizedFinancialInformationInterestAndOtherIncomeNet
170000
CY2019Q1 pgre Equity Method Investment Summarized Financial Information Interest And Debt Expense
EquityMethodInvestmentSummarizedFinancialInformationInterestAndDebtExpense
11527000
CY2019Q1 pgre Equity Method Investment Summarized Financial Information Realized Gain Losses Net
EquityMethodInvestmentSummarizedFinancialInformationRealizedGainLossesNet
-54000
CY2019Q1 pgre Equity Method Investment Summarized Financial Information Unrealized Gain Losses Net
EquityMethodInvestmentSummarizedFinancialInformationUnrealizedGainLossesNet
-33000
CY2019Q1 pgre Preferred Equity Ownership Percentage
PreferredEquityOwnershipPercentage
0.244
CY2019Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
506627000
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
515889000
CY2019Q1 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
181008000
CY2018Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
185191000
CY2019Q1 pgre Below Market Lease Amortization Income Net Of Above Market Lease Amortization Remainder Of Fiscal Year
BelowMarketLeaseAmortizationIncomeNetOfAboveMarketLeaseAmortizationRemainderOfFiscalYear
6637000
CY2019Q1 pgre Below Market Lease Amortization Income Net Of Above Market Lease Amortization Year Two
BelowMarketLeaseAmortizationIncomeNetOfAboveMarketLeaseAmortizationYearTwo
3357000
CY2019Q1 pgre Below Market Lease Amortization Income Net Of Above Market Lease Amortization Year Three
BelowMarketLeaseAmortizationIncomeNetOfAboveMarketLeaseAmortizationYearThree
892000
CY2019Q1 pgre Below Market Lease Amortization Income Net Of Above Market Lease Amortization Year Four
BelowMarketLeaseAmortizationIncomeNetOfAboveMarketLeaseAmortizationYearFour
4407000
CY2019Q1 pgre Below Market Lease Amortization Income Net Of Above Market Lease Amortization Year Five
BelowMarketLeaseAmortizationIncomeNetOfAboveMarketLeaseAmortizationYearFive
5416000
CY2019Q1 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.0373
CY2019Q1 us-gaap Notes And Loans Payable
NotesAndLoansPayable
3599800000
CY2018Q4 us-gaap Notes And Loans Payable
NotesAndLoansPayable
3599800000
CY2019Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-7238000
CY2018Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
14079000
CY2019Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-1788000
CY2018Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
472000
CY2019Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
0
CY2018Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
0
CY2019Q1 us-gaap Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
349759000
CY2018Q4 us-gaap Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
315595000
CY2019Q1 us-gaap Common Stock Conversion Basis
CommonStockConversionBasis
one-for-one
CY2019Q1 us-gaap Marketable Securities
MarketableSecurities
27976000
CY2019Q1 us-gaap Interest Rate Derivative Assets At Fair Value
InterestRateDerivativeAssetsAtFairValue
9074000
CY2019Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
37050000
CY2019Q1 us-gaap Interest Rate Derivative Liabilities At Fair Value
InterestRateDerivativeLiabilitiesAtFairValue
1289000
CY2019Q1 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
1289000
CY2018Q4 us-gaap Marketable Securities
MarketableSecurities
22660000
CY2018Q4 us-gaap Interest Rate Derivative Assets At Fair Value
InterestRateDerivativeAssetsAtFairValue
16859000
CY2018Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
39519000
CY2018Q4 us-gaap Interest Rate Derivative Liabilities At Fair Value
InterestRateDerivativeLiabilitiesAtFairValue
48000
CY2018Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
48000
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5999000
CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3465000
CY2019Q1 us-gaap Other Income
OtherIncome
3177000
CY2018Q1 us-gaap Other Income
OtherIncome
3127000
CY2019Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
17373000
CY2019Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
461668000
CY2019Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
612577000
CY2019Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
568412000
CY2019Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
536275000
CY2019Q1 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
497176000
CY2019Q1 pgre Lessor Operating Lease Payments To Be Received Six Years
LessorOperatingLeasePaymentsToBeReceivedSixYears
462287000
CY2019Q1 pgre Lessor Operating Lease Payments To Be Received Six Years Thereafter
LessorOperatingLeasePaymentsToBeReceivedSixYearsThereafter
2284890000
CY2019Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
5423285000
CY2019Q1 pgre Preferred Equity Investment Income
PreferredEquityInvestmentIncome
454000
CY2018Q1 pgre Preferred Equity Investment Income
PreferredEquityInvestmentIncome
899000
CY2019Q1 us-gaap Interest And Other Income
InterestAndOtherIncome
1377000
CY2018Q1 us-gaap Interest And Other Income
InterestAndOtherIncome
1026000
CY2019Q1 pgre Investment Income Loss On Investments In Deferred Compensation Plan
InvestmentIncomeLossOnInvestmentsInDeferredCompensationPlan
2069000
CY2018Q1 pgre Investment Income Loss On Investments In Deferred Compensation Plan
InvestmentIncomeLossOnInvestmentsInDeferredCompensationPlan
91000
CY2019Q1 us-gaap Interest Expense
InterestExpense
34123000
CY2018Q1 us-gaap Interest Expense
InterestExpense
33321000
CY2019Q1 us-gaap Share Based Compensation
ShareBasedCompensation
7602000
CY2018Q1 us-gaap Share Based Compensation
ShareBasedCompensation
6265000
CY2019Q1 pgre Earnings Loss Allocated To Unvested Participating Securities Basic And Diluted
EarningsLossAllocatedToUnvestedParticipatingSecuritiesBasicAndDiluted
19000
CY2018Q1 pgre Earnings Loss Allocated To Unvested Participating Securities Basic And Diluted
EarningsLossAllocatedToUnvestedParticipatingSecuritiesBasicAndDiluted
18000
CY2019Q1 pgre Numerator For Income Loss Per Common Share Basic And Diluted
NumeratorForIncomeLossPerCommonShareBasicAndDiluted
3690000
CY2018Q1 pgre Numerator For Income Loss Per Common Share Basic And Diluted
NumeratorForIncomeLossPerCommonShareBasicAndDiluted
1096000
CY2019Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
39000
CY2018Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
27000
CY2019Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.02
CY2018Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.00
CY2019Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
27561000
CY2018Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
27532000
CY2019Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2019Q1 pgre Property Related Revenues
PropertyRelatedRevenues
185793000
CY2019Q1 pgre Net Operating Income From Equity Method Investments
NetOperatingIncomeFromEquityMethodInvestments
5411000
CY2019Q1 pgre Net Operating Income
NetOperatingIncome
122823000
CY2018Q1 pgre Property Related Revenues
PropertyRelatedRevenues
180806000
CY2018Q1 pgre Net Operating Income From Equity Method Investments
NetOperatingIncomeFromEquityMethodInvestments
4740000
CY2018Q1 pgre Net Operating Income
NetOperatingIncome
116568000
CY2019Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1717000
CY2018Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
248000

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