2020 Q4 Form 10-K Financial Statement

#000156459021005289 Filed on February 10, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2020 Q1
Revenue $182.4M $176.8M $184.0M
YoY Change -2.36% -7.57% -0.22%
Cost Of Revenue $68.40M $67.90M $67.00M
YoY Change 4.11% -1.31% 2.29%
Gross Profit $114.0M $108.9M $117.0M
YoY Change -5.86% -11.03% -1.6%
Gross Profit Margin 62.51% 61.6% 63.59%
Selling, General & Admin $18.00M $16.80M $12.20M
YoY Change 5.26% 3.07% -29.89%
% of Gross Profit 15.79% 15.43% 10.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $59.20M $58.90M $59.10M
YoY Change -0.5% -6.66% -6.34%
% of Gross Profit 51.93% 54.09% 50.51%
Operating Expenses $77.10M $75.60M $137.9M
YoY Change 2.12% -1.82% -4.47%
Operating Profit $36.90M $33.30M -$20.89M
YoY Change -19.08% -26.65% -17.91%
Interest Expense -$39.70M -$39.70M -$39.90M
YoY Change -13.32% -215.07% -216.93%
% of Operating Profit -107.59% -119.22%
Other Income/Expense, Net $1.900M -$137.0K -$151.0K
YoY Change 137.5% -76.38% -108.79%
Pretax Income -$1.400M -$5.877M $4.309M
YoY Change -88.62% -179.67% -28.56%
Income Tax $400.0K $393.0K $604.0K
% Of Pretax Income 14.02%
Net Earnings -$14.82M -$6.958M $3.348M
YoY Change -70.44% -198.25% -9.73%
Net Earnings / Revenue -8.13% -3.94% 1.82%
Basic Earnings Per Share -$0.07 -$0.03 $0.01
Diluted Earnings Per Share -$0.07 -$0.03 $0.01
COMMON SHARES
Basic Shares Outstanding 221.5M 227.8M
Diluted Shares Outstanding 221.5M 227.8M

Balance Sheet

Concept 2020 Q4 2020 Q3 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $451.7M $530.9M $400.5M
YoY Change 37.78% 66.24% 8.17%
Cash & Equivalents $434.5M $515.9M $377.7M
Short-Term Investments $17.18M $14.93M $22.85M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $17.50M $15.30M $17.80M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $452.0M $531.2M $395.5M
YoY Change 24.76% 66.78% 9.13%
LONG-TERM ASSETS
Property, Plant & Equipment $6.997B $7.016B $7.083B
YoY Change -2.74% -3.09% -4.8%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $425.6M $430.5M $442.5M
YoY Change -7.38% 76.72% 206.02%
Other Assets $477.3M $581.0M $561.7M
YoY Change 4.17% 29.6% 34.89%
Total Long-Term Assets $8.102B $8.275B $8.359B
YoY Change -3.22% 0.17% -0.01%
TOTAL ASSETS
Total Short-Term Assets $452.0M $531.2M $395.5M
Total Long-Term Assets $8.102B $8.275B $8.359B
Total Assets $8.554B $8.806B $8.754B
YoY Change -2.06% 2.64% 0.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $101.9M $109.2M $109.6M
YoY Change -13.2% -8.54% -12.74%
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 $118.7M $133.4M $133.9M
YoY Change -16.82% -7.81% -11.62%
LONG-TERM LIABILITIES
Long-Term Debt $3.801B $3.999B $3.989B
YoY Change -0.53% 11.8% 11.76%
Other Long-Term Liabilities $118.9M $121.0M $124.5M
YoY Change -14.95% -22.24% -15.02%
Total Long-Term Liabilities $3.920B $4.120B $4.113B
YoY Change -1.04% 10.39% 10.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $118.7M $133.4M $133.9M
Total Long-Term Liabilities $3.920B $4.120B $4.113B
Total Liabilities $4.038B $5.116B $5.032B
YoY Change -1.58% 31.96% 30.13%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $4.122B
YoY Change -0.32%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.653B $3.690B $3.722B
YoY Change
Total Liabilities & Shareholders Equity $8.554B $8.807B $8.754B
YoY Change -2.06% 2.64% 0.37%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2020 Q1
OPERATING ACTIVITIES
Net Income -$14.82M -$6.958M $3.348M
YoY Change -70.44% -198.25% -9.73%
Depreciation, Depletion And Amortization $59.20M $58.90M $59.10M
YoY Change -0.5% -6.66% -6.34%
Cash From Operating Activities $97.70M $36.50M $26.96M
YoY Change 23.98% -63.43% -71.46%
INVESTING ACTIVITIES
Capital Expenditures -$29.20M -$13.70M -$30.50M
YoY Change -13.61% -29.02% 9.32%
Acquisitions
YoY Change
Other Investing Activities $88.70M -$3.000M $30.60M
YoY Change -138.37% -101.38% -206.62%
Cash From Investing Activities $59.50M -$16.70M $115.0K
YoY Change -122.45% -108.41% -100.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $97.01M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -238.9M -29.30M 39.69M
YoY Change -222.95% -89.58% -192.86%
NET CHANGE
Cash From Operating Activities 97.70M 36.50M 26.96M
Cash From Investing Activities 59.50M -16.70M 115.0K
Cash From Financing Activities -238.9M -29.30M 39.69M
Net Change In Cash -81.70M -9.500M 66.77M
YoY Change -1108.64% -155.56% -1452.07%
FREE CASH FLOW
Cash From Operating Activities $97.70M $36.50M $26.96M
Capital Expenditures -$29.20M -$13.70M -$30.50M
Free Cash Flow $126.9M $50.20M $57.46M
YoY Change 12.7% -57.85% -53.04%

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CY2019 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
3027000
CY2018 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
-1604000
CY2020 pgre Unconsolidated Real Estate Funds Dividends Or Distributions
UnconsolidatedRealEstateFundsDividendsOrDistributions
616000
CY2019 pgre Unconsolidated Real Estate Funds Dividends Or Distributions
UnconsolidatedRealEstateFundsDividendsOrDistributions
1553000
CY2018 pgre Unconsolidated Real Estate Funds Dividends Or Distributions
UnconsolidatedRealEstateFundsDividendsOrDistributions
330000
CY2020 pgre Income Loss From Unconsolidated Real Estate Fund
IncomeLossFromUnconsolidatedRealEstateFund
272000
CY2019 pgre Income Loss From Unconsolidated Real Estate Fund
IncomeLossFromUnconsolidatedRealEstateFund
-343000
CY2018 pgre Income Loss From Unconsolidated Real Estate Fund
IncomeLossFromUnconsolidatedRealEstateFund
-269000
CY2019 pgre Disposal Group Including Discontinued Operation Real Estate Impairment Loss
DisposalGroupIncludingDiscontinuedOperationRealEstateImpairmentLoss
42000000
CY2018 pgre Disposal Group Including Discontinued Operation Real Estate Impairment Loss
DisposalGroupIncludingDiscontinuedOperationRealEstateImpairmentLoss
46000000
CY2019 pgre Receipt Of Accrued Interest On Preferred Equity Investment
ReceiptOfAccruedInterestOnPreferredEquityInvestment
2339000
CY2019 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-731000
CY2020 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-413000
CY2019 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
961000
CY2018 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-288000
CY2020 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
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CY2019 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
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CY2018 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
2994000
CY2020 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
10761000
CY2019 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
23029000
CY2018 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
31861000
CY2020 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2193000
CY2019 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-57318000
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
156523000
CY2018 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
137915000
CY2020 pgre Proceeds From Sale Of Real Estate Related To Discontinued Operations
ProceedsFromSaleOfRealEstateRelatedToDiscontinuedOperations
89206000
CY2019 pgre Proceeds From Sale Of Real Estate Related To Discontinued Operations
ProceedsFromSaleOfRealEstateRelatedToDiscontinuedOperations
150307000
CY2018 pgre Proceeds From Sale Of Real Estate Related To Discontinued Operations
ProceedsFromSaleOfRealEstateRelatedToDiscontinuedOperations
349013000
CY2020 us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
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CY2018 us-gaap Increase Decrease In Other Operating Assets
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57216000
CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1299000
CY2019 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-8949000
CY2018 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
4200000
CY2020 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
3313000
CY2019 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
2388000
CY2018 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-2758000
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
237272000
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
285441000
CY2019 us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
181000000
CY2020 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
22188000
CY2019 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
19282000
CY2018 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
24794000
CY2020 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
15809000
CY2019 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
15232000
CY2018 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
20019000
CY2020 pgre Payments For Contributions To Unconsolidated Real Estate Funds
PaymentsForContributionsToUnconsolidatedRealEstateFunds
2945000
CY2019 pgre Payments For Contributions To Unconsolidated Real Estate Funds
PaymentsForContributionsToUnconsolidatedRealEstateFunds
3937000
CY2018 pgre Payments For Contributions To Unconsolidated Real Estate Funds
PaymentsForContributionsToUnconsolidatedRealEstateFunds
3779000
CY2020 pgre Investments In And Contributions Of Capital To Unconsolidated Joint Ventures
InvestmentsInAndContributionsOfCapitalToUnconsolidatedJointVentures
60000
CY2019 pgre Investments In And Contributions Of Capital To Unconsolidated Joint Ventures
InvestmentsInAndContributionsOfCapitalToUnconsolidatedJointVentures
368852000
CY2018 pgre Investments In And Contributions Of Capital To Unconsolidated Joint Ventures
InvestmentsInAndContributionsOfCapitalToUnconsolidatedJointVentures
29883000
CY2019 pgre Receivable From Affiliate
ReceivableFromAffiliate
217918000
CY2019 pgre Proceeds From Redemption Of Preferred Equity Investments
ProceedsFromRedemptionOfPreferredEquityInvestments
33750000
CY2019 pgre Proceeds From Unconsolidated Real Estate Funds Capital Distributions
ProceedsFromUnconsolidatedRealEstateFundsCapitalDistributions
2076000
CY2018 pgre Proceeds From Unconsolidated Real Estate Funds Capital Distributions
ProceedsFromUnconsolidatedRealEstateFundsCapitalDistributions
79000
CY2018 pgre Payments To Escrow Deposits And Loans Receivable For Residential Development Fund
PaymentsToEscrowDepositsAndLoansReceivableForResidentialDevelopmentFund
15680000
CY2018 us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
10000000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
40035000
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-323440000
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
156610000
CY2020 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
163082000
CY2019 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
231918000
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
120000000
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
97137000
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
102863000
CY2020 pgre Proceeds From The Sale Of Noncontrolling Interest In Real Estate
ProceedsFromTheSaleOfNoncontrollingInterestInRealEstate
111984000
CY2020 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
89225000
CY2019 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
93038000
CY2018 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
94991000
CY2020 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
8837000
CY2019 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
10073000
CY2020 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
12717000
CY2019 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
45239000
CY2018 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
18184000
CY2020 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
11555000
CY2019 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
14989000
CY2018 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
45116000
CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
9791000
CY2019 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1259843000
CY2018 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
16700000
CY2020 pgre Repayment Of Note Payable Issued In Connection With Acquisition Of Noncontrolling Interest In Consolidated Real Estate Fund
RepaymentOfNotePayableIssuedInConnectionWithAcquisitionOfNoncontrollingInterestInConsolidatedRealEstateFund
8771000
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
332000
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
324000
CY2019 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1050000000
CY2019 pgre Payments Of Debt Issuance Costs And Other
PaymentsOfDebtIssuanceCostsAndOther
10131000
CY2018 pgre Payments Of Debt Issuance Costs And Other
PaymentsOfDebtIssuanceCostsAndOther
6564000
CY2019 pgre Payments For Acquisition Of Noncontrolling Interest In Consolidated Real Estate Fund
PaymentsForAcquisitionOfNoncontrollingInterestInConsolidatedRealEstateFund
1000000
CY2019 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
731000
CY2018 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
27299000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-143470000
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4077000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-198149000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
133837000
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-33922000
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
114984000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
331487000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
365409000
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
306215000
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
31044000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
365409000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
250425000
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
434530000
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
306215000
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
339653000
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
30794000
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
25272000
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
25756000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
465324000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
331487000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
365409000
CY2020 us-gaap Interest Paid Net
InterestPaidNet
135607000
CY2019 us-gaap Interest Paid Net
InterestPaidNet
139130000
CY2018 us-gaap Interest Paid Net
InterestPaidNet
136452000
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1366000
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2474000
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
4049000
CY2020 pgre Dividends And Distributions Declared But Not Paid
DividendsAndDistributionsDeclaredButNotPaid
16796000
CY2019 pgre Dividends And Distributions Declared But Not Paid
DividendsAndDistributionsDeclaredButNotPaid
25255000
CY2018 pgre Dividends And Distributions Declared But Not Paid
DividendsAndDistributionsDeclaredButNotPaid
25902000
CY2020 pgre Assets Written Off
AssetsWrittenOff
9141000
CY2020 pgre Additions To Real Estate Included In Accounts Payable And Accrued Expenses
AdditionsToRealEstateIncludedInAccountsPayableAndAccruedExpenses
8640000
CY2019 pgre Change In Fair Value Of Interest Rate Swaps
ChangeInFairValueOfInterestRateSwaps
28069000
CY2018 pgre Change In Fair Value Of Interest Rate Swaps
ChangeInFairValueOfInterestRateSwaps
-7273000
CY2019 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
8771000
CY2018 pgre Adjustment To Investments In Unconsolidated Joint Ventures
AdjustmentToInvestmentsInUnconsolidatedJointVentures
7086000
CY2020 us-gaap Nature Of Operations
NatureOfOperations
<div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:3.33%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:0pt;font-weight:bold;font-style:normal;color:#auto;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;letter-spacing:0pt;"><span style="font-weight:bold;font-style:normal;text-decoration:none;Background-color:#auto;color:#auto;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;letter-spacing:0pt;">1.</span></p></td> <td valign="top"> <p id="NOTES_TO_CONSOLIDATED_FINANCIAL_STATEMEN" style="text-align:left;margin-bottom:0pt;margin-top:0pt;font-weight:bold;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"><span style="Background-color:#auto;text-decoration:none;"/><span style="font-weight:normal;color:#000000;"/><span style="color:#000000;">Organization and Business</span></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;"> </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 “we,” “us,” “our,” the “Company,” and “Paramount” refer to Paramount Group, Inc., a Maryland corporation, and its consolidated subsidiaries, including Paramount Group Operating Partnership LP (the “Operating Partnership”), a Delaware limited partnership. 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 and San Francisco. As of December 31, 2020, our portfolio consisted of 13 Class A properties aggregating 12.9 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 91.3% of, the Operating Partnership as of December 31, 2020. </p> <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;">In March 2020, the World Health Organization declared coronavirus 2019 (“COVID-19”) a global pandemic. The outbreak of COVID-19 has caused, and continues to cause, severe disruptions in the global economy, and has adversely impacted businesses and financial markets, including that of the United States. Specifically, New York and San Francisco, the markets in which we operate and where a majority of our assets are located, have reacted by instituting quarantines, “pause” orders, “shelter-in-place” rules, restrictions on travel, and restriction on the types of business that could operate. These measures have had and continue to have a significant adverse impact on businesses. </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;">While our buildings have remained open throughout the pandemic, a majority of our tenants have worked remotely. The health and safety of our employees and tenants have been our highest priority and we have adopted a number of initiatives focused on ensuring a healthy and safe environment for all building occupants, including but not limited to the following:</p> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:3.33%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:12pt;"> </p></td> <td style="width:3.33%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;color:#auto;font-size:12pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"><span style="font-weight:normal;font-style:normal;text-decoration:none;Background-color:#auto;color:#auto;font-size:12pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"/><span style="font-size:12pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:12pt;"><span style="Background-color:#auto;text-decoration:none;"/><span style="color:#000000;"/><span style="font-size:10pt;color:#000000;">Adding signage, physical barriers and floor markings in common areas designed to promote social distancing;</span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:3.33%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:12pt;"> </p></td> <td style="width:3.33%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;color:#auto;font-size:12pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"><span style="font-weight:normal;font-style:normal;text-decoration:none;Background-color:#auto;color:#auto;font-size:12pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"/><span style="font-size:12pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:12pt;"><span style="Background-color:#auto;text-decoration:none;"/><span style="color:#000000;"/><span style="font-size:10pt;color:#000000;">Increasing cleaning and disinfecting protocols and the use of EPA registered cleaning products;  </span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:3.33%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:12pt;"> </p></td> <td style="width:3.33%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;color:#auto;font-size:12pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"><span style="font-weight:normal;font-style:normal;text-decoration:none;Background-color:#auto;color:#auto;font-size:12pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"/><span style="font-size:12pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:12pt;"><span style="Background-color:#auto;text-decoration:none;"/><span style="color:#000000;"/><span style="font-size:10pt;color:#000000;">Reducing physical touch points in common areas;</span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:3.33%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:12pt;"> </p></td> <td style="width:3.33%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;color:#auto;font-size:12pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"><span style="font-weight:normal;font-style:normal;text-decoration:none;Background-color:#auto;color:#auto;font-size:12pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"/><span style="font-size:12pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:12pt;"><span style="Background-color:#auto;text-decoration:none;"/><span style="color:#000000;"/><span style="font-size:10pt;color:#000000;">Improving indoor air quality by installing the highest rated minimum efficiency reporting value (“MERV”) filters and additional air purifiers in lobby areas;  </span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:3.33%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:12pt;"> </p></td> <td style="width:3.33%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;color:#auto;font-size:12pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"><span style="font-weight:normal;font-style:normal;text-decoration:none;Background-color:#auto;color:#auto;font-size:12pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"/><span style="font-size:12pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:12pt;"><span style="Background-color:#auto;text-decoration:none;"/><span style="color:#000000;"/><span style="font-size:10pt;color:#000000;">Installing thermal scanners in lobby areas to screen for temperature checks; and</span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:3.33%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:12pt;"> </p></td> <td style="width:3.33%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;color:#auto;font-size:12pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"><span style="font-weight:normal;font-style:normal;text-decoration:none;Background-color:#auto;color:#auto;font-size:12pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"/><span style="font-size:12pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:12pt;"><span style="Background-color:#auto;text-decoration:none;"/><span style="color:#000000;"/><span style="font-size:10pt;color:#000000;">Developing efficient communication channels to communicate important health and safety information to employees and tenants.</span></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;">Since the outbreak of COVID-19, we have received several requests from tenants seeking “short-term” rent relief and have entered into agreements with select tenants to abate and/or defer a portion of their 2020 rental obligations. We have closely monitored our rent collections and have evaluated and continue to evaluate tenant requests on a case-by-case basis. From April through December 31, 2020, our portfolio-wide rent collections were 97.2%, comprised of 98.5% from office tenants (which account for approximately 96.5% of our annualized rents) and 61.6% from non-office tenants (which account for the remaining 3.5% of our annualized rents). In connection with our evaluation of the probability of rent collections of future lease receivables, we recorded $33,205,000 of non-cash write-offs, primarily for straight-line rent receivables, and $2,051,000 of reserves for uncollectible accounts receivable, during the year ended December 31, 2020.</p> <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;">On December 11, 2020 and December 18, 2020, the U.S. Food and Drug Administration issued emergency use authorizations of two vaccines for the prevention of COVID-19. While there are other vaccines currently under development, multiple variants of the virus that cause COVID-19 are also currently present globally. The rapid development and fluidity of this situation precludes us at this time from making any predictions as to the ultimate impact COVID-19 may have on our future financial condition, results of operations and cash flows.</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:0%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p>
CY2020Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
13
CY2020Q4 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
12900000
pgre Rent Collections Expressed As A Percentage Of Billing
RentCollectionsExpressedAsAPercentageOfBilling
0.972
CY2020 pgre Writeoff Of Straight Line Rent Receivable
WriteoffOfStraightLineRentReceivable
33205000
CY2020 pgre Accounts Receivable Reserve Expense
AccountsReceivableReserveExpense
2051000
CY2020 pgre Minimum Percentage Of Taxable Income Distributed To Shareholders
MinimumPercentageOfTaxableIncomeDistributedToShareholders
0.90
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-24704000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-36899000
CY2018 us-gaap Net Income Loss
NetIncomeLoss
9147000
CY2020 pgre Income Tax Reconciliation Straight Lining Of Rents And Amortization Of Above And Below Market Leases Net Adjustments
IncomeTaxReconciliationStraightLiningOfRentsAndAmortizationOfAboveAndBelowMarketLeasesNetAdjustments
10462000
CY2019 pgre Income Tax Reconciliation Straight Lining Of Rents And Amortization Of Above And Below Market Leases Net Adjustments
IncomeTaxReconciliationStraightLiningOfRentsAndAmortizationOfAboveAndBelowMarketLeasesNetAdjustments
37244000
CY2018 pgre Income Tax Reconciliation Straight Lining Of Rents And Amortization Of Above And Below Market Leases Net Adjustments
IncomeTaxReconciliationStraightLiningOfRentsAndAmortizationOfAboveAndBelowMarketLeasesNetAdjustments
48604000
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Depreciation And Amortization
IncomeTaxReconciliationNondeductibleExpenseDepreciationAndAmortization
-62002000
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Depreciation And Amortization
IncomeTaxReconciliationNondeductibleExpenseDepreciationAndAmortization
-79750000
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense Depreciation And Amortization
IncomeTaxReconciliationNondeductibleExpenseDepreciationAndAmortization
-92512000
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-17766000
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-20812000
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-17847000
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
38237000
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
41788000
CY2020 pgre Income Tax Reconciliation Nondeductible Expense Adjustments From Sale Of Real Estate
IncomeTaxReconciliationNondeductibleExpenseAdjustmentsFromSaleOfRealEstate
55640000
CY2019 pgre Income Tax Reconciliation Nondeductible Expense Adjustments From Sale Of Real Estate
IncomeTaxReconciliationNondeductibleExpenseAdjustmentsFromSaleOfRealEstate
12107000
CY2018 pgre Income Tax Reconciliation Nondeductible Expense Adjustments From Sale Of Real Estate
IncomeTaxReconciliationNondeductibleExpenseAdjustmentsFromSaleOfRealEstate
-14381000
CY2019 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-12753000
CY2018 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
11635000
CY2019 pgre Taxable Income Loss
TaxableIncomeLoss
89516000
CY2018 pgre Taxable Income Loss
TaxableIncomeLoss
86674000
CY2019 pgre Percentage Of Ordinary Income
PercentageOfOrdinaryIncome
0.807
CY2018 pgre Percentage Of Ordinary Income
PercentageOfOrdinaryIncome
0.724
CY2019 pgre Percentage Of Long Term Capital Gain
PercentageOfLongTermCapitalGain
0.155
CY2018 pgre Percentage Of Long Term Capital Gain
PercentageOfLongTermCapitalGain
0.187
CY2019 pgre Percentage Of Return Of Capital
PercentageOfReturnOfCapital
0.038
CY2018 pgre Percentage Of Return Of Capital
PercentageOfReturnOfCapital
0.089
CY2020 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.400
CY2019 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.400
CY2019 pgre Percentage Of Dividend Distribution
PercentageOfDividendDistribution
1.000
CY2018 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.395
CY2018 pgre Percentage Of Dividend Distribution
PercentageOfDividendDistribution
1.000
CY2020Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.10
CY2019Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.10
CY2020 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2019 pgre Equity Method Investment Summarized Financial Information Unrealized Gain Losses Net
EquityMethodInvestmentSummarizedFinancialInformationUnrealizedGainLossesNet
-828000
CY2018 pgre Equity Method Investment Summarized Financial Information Unrealized Gain Losses Net
EquityMethodInvestmentSummarizedFinancialInformationUnrealizedGainLossesNet
-560000
CY2020 pgre Income Loss From Unconsolidated Real Estate Fund
IncomeLossFromUnconsolidatedRealEstateFund
272000
CY2020Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
412724000
CY2019Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
449180000
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-18619000
CY2019 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-4706000
CY2018 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3468000
CY2020Q4 us-gaap Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures
RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures
12917000
CY2019Q4 us-gaap Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures
RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures
10317000
CY2020 pgre Equity Method Investment Summarized Financial Information Realized Gain Losses Net
EquityMethodInvestmentSummarizedFinancialInformationRealizedGainLossesNet
-2000
CY2019 pgre Equity Method Investment Summarized Financial Information Realized Gain Losses Net
EquityMethodInvestmentSummarizedFinancialInformationRealizedGainLossesNet
-54000
CY2020 pgre Equity Method Investment Summarized Financial Information Unrealized Gain Losses Net
EquityMethodInvestmentSummarizedFinancialInformationUnrealizedGainLossesNet
-352000
CY2019 pgre Income Loss From Unconsolidated Real Estate Fund
IncomeLossFromUnconsolidatedRealEstateFund
-343000
CY2018 pgre Income Loss From Unconsolidated Real Estate Fund
IncomeLossFromUnconsolidatedRealEstateFund
-269000
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
436851000
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
466099000
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
283332000
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
262930000
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
153519000
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
203169000
CY2020Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
163977000
CY2019Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
174670000
CY2020Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
107981000
CY2019Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
100881000
CY2020Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
55996000
CY2019Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
73789000
CY2020Q4 pgre Amortization Of Above And Below Market Leases Next Twelve Months
AmortizationOfAboveAndBelowMarketLeasesNextTwelveMonths
-3567000
CY2020Q4 pgre Amortization Of Above And Below Market Leases Year Two
AmortizationOfAboveAndBelowMarketLeasesYearTwo
-1629000
CY2020Q4 pgre Amortization Of Above And Below Market Leases Year Three
AmortizationOfAboveAndBelowMarketLeasesYearThree
-5056000
CY2020Q4 pgre Amortization Of Above And Below Market Leases Year Four
AmortizationOfAboveAndBelowMarketLeasesYearFour
-5994000
CY2020Q4 pgre Amortization Of Above And Below Market Leases Year Five
AmortizationOfAboveAndBelowMarketLeasesYearFive
-4633000
CY2020Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.0332
CY2020Q4 us-gaap Notes And Loans Payable
NotesAndLoansPayable
3819434000
CY2019Q4 us-gaap Notes And Loans Payable
NotesAndLoansPayable
3809643000
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
18695000
CY2019Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
25792000
CY2020Q4 pgre Notes And Loans Payable Net
NotesAndLoansPayableNet
3800739000
CY2019Q4 pgre Notes And Loans Payable Net
NotesAndLoansPayableNet
3783851000
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
850000000
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
244434000
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
975000000
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
1750000000
CY2020 pgre Shares Repurchased During Period Price Per Share
SharesRepurchasedDuringPeriodPricePerShare
8.69
CY2020 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
120000000
CY2020Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
80000000
CY2020 pgre Pro Rata Share Of Other Comprehensive Income Loss Of Unconsolidated Joint Ventures Before Reclassification After Tax1
ProRataShareOfOtherComprehensiveIncomeLossOfUnconsolidatedJointVenturesBeforeReclassificationAfterTax1
-16141000
CY2019 pgre Pro Rata Share Of Other Comprehensive Income Loss Of Unconsolidated Joint Ventures Before Reclassification After Tax1
ProRataShareOfOtherComprehensiveIncomeLossOfUnconsolidatedJointVenturesBeforeReclassificationAfterTax1
206000
CY2018 pgre Pro Rata Share Of Other Comprehensive Income Loss Of Unconsolidated Joint Ventures Before Reclassification After Tax1
ProRataShareOfOtherComprehensiveIncomeLossOfUnconsolidatedJointVenturesBeforeReclassificationAfterTax1
-129000
CY2020 pgre Pro Rata Share Of Reclassification From Accumulated Other Comprehensive Income Related To Unconsolidated Joint Ventures
ProRataShareOfReclassificationFromAccumulatedOtherComprehensiveIncomeRelatedToUnconsolidatedJointVentures
2247000
CY2019 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-23147000
CY2018 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
9203000
CY2019 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-4922000
CY2018 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-1930000
CY2019 pgre Other Comprehensive Income Loss Reclassified To Loss On Early Extinguishment Of Debt
OtherComprehensiveIncomeLossReclassifiedToLossOnEarlyExtinguishmentOfDebt
11258000
CY2020Q4 us-gaap Minority Interest In Joint Ventures
MinorityInterestInJointVentures
437161000
CY2019Q4 us-gaap Minority Interest In Joint Ventures
MinorityInterestInJointVentures
360778000
CY2020Q4 pgre Minority Interest In Real Estate Funds
MinorityInterestInRealEstateFunds
79017000
CY2019Q4 pgre Minority Interest In Real Estate Funds
MinorityInterestInRealEstateFunds
72396000
CY2020 us-gaap Common Stock Conversion Basis
CommonStockConversionBasis
one-for-one
CY2020Q4 us-gaap Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
346379000
CY2019Q4 us-gaap Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
412058000
CY2020Q4 us-gaap Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
187640000
CY2019Q4 us-gaap Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
344638000
CY2020Q4 us-gaap Marketable Securities
MarketableSecurities
17178000
CY2020Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
17178000
CY2019Q4 us-gaap Marketable Securities
MarketableSecurities
21639000
CY2019Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
21639000
CY2020 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
627352000
CY2019 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
647345000
CY2018 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
626745000
CY2020 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
51663000
CY2019 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
62163000
CY2018 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
50393000
CY2020 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
679015000
CY2019 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
709508000
CY2018 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
677138000
CY2020 pgre Writeoff Of Straight Line Rent Receivable
WriteoffOfStraightLineRentReceivable
33205000
CY2020 pgre Accounts Receivable Reserve Expense
AccountsReceivableReserveExpense
2051000
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
638723000
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
631503000
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
606371000
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
579138000
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
519018000
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
2367495000
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
5342248000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
28070000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
22744000
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
18629000
CY2020 us-gaap Other Income
OtherIncome
7152000
CY2019 us-gaap Other Income
OtherIncome
11502000
CY2018 us-gaap Other Income
OtherIncome
11904000
CY2020 pgre Fee And Other Real Estate Revenue
FeeAndOtherRealEstateRevenue
35222000
CY2019 pgre Fee And Other Real Estate Revenue
FeeAndOtherRealEstateRevenue
34246000
CY2018 pgre Fee And Other Real Estate Revenue
FeeAndOtherRealEstateRevenue
30533000
CY2020 us-gaap Interest And Other Income
InterestAndOtherIncome
2054000
CY2019 us-gaap Interest And Other Income
InterestAndOtherIncome
5484000
CY2018 us-gaap Interest And Other Income
InterestAndOtherIncome
5203000
CY2020 pgre Investment Income Loss On Investments In Deferred Compensation Plan
InvestmentIncomeLossOnInvestmentsInDeferredCompensationPlan
2436000
CY2019 pgre Investment Income Loss On Investments In Deferred Compensation Plan
InvestmentIncomeLossOnInvestmentsInDeferredCompensationPlan
3906000
CY2018 pgre Investment Income Loss On Investments In Deferred Compensation Plan
InvestmentIncomeLossOnInvestmentsInDeferredCompensationPlan
-922000
CY2019 pgre Preferred Equity Investment Income
PreferredEquityInvestmentIncome
454000
CY2018 pgre Preferred Equity Investment Income
PreferredEquityInvestmentIncome
3655000
CY2020 pgre Interest And Other Income Loss Net
InterestAndOtherIncomeLossNet
4490000
CY2019 pgre Interest And Other Income Loss Net
InterestAndOtherIncomeLossNet
9844000
CY2018 pgre Interest And Other Income Loss Net
InterestAndOtherIncomeLossNet
7936000
CY2020 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
134931000
CY2019 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
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InterestExpenseDebtExcludingAmortization
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AmortizationOfFinancingCosts
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InterestExpenseDebt
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InterestExpenseDebt
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InterestExpenseDebt
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ShareBasedCompensation
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ShareBasedCompensation
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ShareBasedCompensation
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CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
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CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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IncomeLossFromContinuingOperations
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IncomeLossFromContinuingOperations
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IncomeLossFromContinuingOperations
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IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
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IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
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EarningsLossAllocatedToUnvestedParticipatingSecuritiesBasicAndDilutedOnDiscontinuedOperation
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CY2019 pgre Earnings Loss Allocated To Unvested Participating Securities Basic And Diluted On Discontinued Operation
EarningsLossAllocatedToUnvestedParticipatingSecuritiesBasicAndDilutedOnDiscontinuedOperation
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CY2018 pgre Earnings Loss Allocated To Unvested Participating Securities Basic And Diluted On Discontinued Operation
EarningsLossAllocatedToUnvestedParticipatingSecuritiesBasicAndDilutedOnDiscontinuedOperation
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NumeratorForIncomeLossPerCommonShareBasicAndDilutedOnDiscontinuedOperation
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CY2019 pgre Numerator For Income Loss Per Common Share Basic And Diluted On Discontinued Operation
NumeratorForIncomeLossPerCommonShareBasicAndDilutedOnDiscontinuedOperation
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CY2018 pgre Numerator For Income Loss Per Common Share Basic And Diluted On Discontinued Operation
NumeratorForIncomeLossPerCommonShareBasicAndDilutedOnDiscontinuedOperation
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NumeratorForIncomeLossPerCommonShareBasicAndDiluted
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CY2019 pgre Numerator For Income Loss Per Common Share Basic And Diluted
NumeratorForIncomeLossPerCommonShareBasicAndDiluted
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CY2018 pgre Numerator For Income Loss Per Common Share Basic And Diluted
NumeratorForIncomeLossPerCommonShareBasicAndDiluted
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CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
222436000
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
231538000
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WeightedAverageNumberOfSharesOutstandingBasic
239527000
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
29000
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
222436000
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
231538000
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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EarningsPerShareDiluted
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Revenues
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CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2020 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.09
CY2019 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
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CY2018 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.02
CY2020 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic And Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare
-0.02
CY2019 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic And Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare
-0.13
CY2018 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic And Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare
0.02
CY2020 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.11
CY2019 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
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CY2018 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.04
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
23540000
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
27191000
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
27510000
CY2020Q4 us-gaap Revenues
Revenues
182358000
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
-14824000
CY2020Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
CY2020Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
CY2020Q3 us-gaap Revenues
Revenues
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CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
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EarningsPerShareDiluted
-0.03
CY2020Q2 us-gaap Revenues
Revenues
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CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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EarningsPerShareDiluted
-0.03
CY2020Q1 us-gaap Revenues
Revenues
183986000
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2019Q4 us-gaap Revenues
Revenues
186769000
CY2019Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.22
CY2019Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.22
CY2019Q3 us-gaap Revenues
Revenues
191253000
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
CY2019Q2 us-gaap Revenues
Revenues
181343000
CY2020 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2020 pgre Property Related Revenues Including Discontinued Operations
PropertyRelatedRevenuesIncludingDiscontinuedOperations
700410000
CY2020 pgre Operating Costs And Expenses Including Discontinued Operations
OperatingCostsAndExpensesIncludingDiscontinuedOperations
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CY2020 pgre Net Operating Income From Equity Method Investments
NetOperatingIncomeFromEquityMethodInvestments
48631000
CY2020 pgre Net Operating Income
NetOperatingIncome
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CY2019 pgre Property Related Revenues Including Discontinued Operations
PropertyRelatedRevenuesIncludingDiscontinuedOperations
746436000
CY2019 pgre Operating Costs And Expenses Including Discontinued Operations
OperatingCostsAndExpensesIncludingDiscontinuedOperations
274836000
CY2019 pgre Net Operating Income From Equity Method Investments
NetOperatingIncomeFromEquityMethodInvestments
22409000
CY2018 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1740000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-12628000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4520000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
16554000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1493000
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
312000
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3139000
CY2020 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-14121000
CY2019 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
4208000
CY2018 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
13415000
CY2020 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-5075000
CY2019 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-33811000
CY2018 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
5578000
CY2019 pgre Net Operating Income
NetOperatingIncome
494009000
CY2018 pgre Property Related Revenues Including Discontinued Operations
PropertyRelatedRevenuesIncludingDiscontinuedOperations
740332000
CY2018 pgre Operating Costs And Expenses Including Discontinued Operations
OperatingCostsAndExpensesIncludingDiscontinuedOperations
274078000
CY2018 pgre Net Operating Income From Equity Method Investments
NetOperatingIncomeFromEquityMethodInvestments
20730000
CY2018 pgre Net Operating Income
NetOperatingIncome
486984000
CY2020 pgre Net Operating Income
NetOperatingIncome
475601000
CY2019 pgre Net Operating Income
NetOperatingIncome
494009000
CY2018 pgre Net Operating Income
NetOperatingIncome
486984000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
28070000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
22744000
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
18629000
CY2020 us-gaap Depreciation And Amortization
DepreciationAndAmortization
235200000
CY2019 us-gaap Depreciation And Amortization
DepreciationAndAmortization
240104000
CY2018 us-gaap Depreciation And Amortization
DepreciationAndAmortization
240868000
CY2020 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
64917000
CY2019 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
68556000
CY2018 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
57563000
CY2020 pgre Net Operating Income From Equity Method Investments
NetOperatingIncomeFromEquityMethodInvestments
48631000
CY2019 pgre Net Operating Income From Equity Method Investments
NetOperatingIncomeFromEquityMethodInvestments
22409000
CY2018 pgre Net Operating Income From Equity Method Investments
NetOperatingIncomeFromEquityMethodInvestments
20730000
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-18619000
CY2019 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-4706000
CY2018 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3468000
CY2020 pgre Interest And Other Income Loss Net
InterestAndOtherIncomeLossNet
4490000
CY2019 pgre Interest And Other Income Loss Net
InterestAndOtherIncomeLossNet
9844000
CY2018 pgre Interest And Other Income Loss Net
InterestAndOtherIncomeLossNet
7936000
CY2020 us-gaap Interest Expense Debt
InterestExpenseDebt
144208000
CY2019 us-gaap Interest Expense Debt
InterestExpenseDebt
156679000
CY2018 us-gaap Interest Expense Debt
InterestExpenseDebt
147653000
CY2019 pgre Gains Losses On Extinguishment Of Debt Including Swap Breakage Costs
GainsLossesOnExtinguishmentOfDebtIncludingSwapBreakageCosts
-11989000
CY2020 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-8390000
CY2019 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-15292000
CY2018 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-31909000
CY2020 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
824000
CY2019 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2342000
CY2020 us-gaap Profit Loss
ProfitLoss
-19196000
CY2019 us-gaap Profit Loss
ProfitLoss
-29603000
CY2018 us-gaap Profit Loss
ProfitLoss
18993000
CY2020 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
9257000
CY2019 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
11022000
CY2018 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
8182000
CY2020 pgre Noncontrolling Interest In Net Income Loss Real Estate Funds
NoncontrollingInterestInNetIncomeLossRealEstateFunds
-1450000
CY2019 pgre Noncontrolling Interest In Net Income Loss Real Estate Funds
NoncontrollingInterestInNetIncomeLossRealEstateFunds
313000
CY2018 pgre Noncontrolling Interest In Net Income Loss Real Estate Funds
NoncontrollingInterestInNetIncomeLossRealEstateFunds
720000
CY2020 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
-2299000
CY2019 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
-4039000
CY2018 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
944000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-24704000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-36899000
CY2018 us-gaap Net Income Loss
NetIncomeLoss
9147000
CY2020Q4 us-gaap Assets
Assets
8554097000
CY2019Q4 us-gaap Assets
Assets
8734135000
CY2018Q4 us-gaap Assets
Assets
8755978000
CY2017Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
19865000
CY2018 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
324000
CY2018 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
19596000
CY2018Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
593000
CY2020Q4 pgre Sec Schedule Iii Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Buildings And Improvements Other
SECScheduleIIIRealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionBuildingsAndImprovementsOther
9625000
CY2020Q4 pgre Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements Other
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovementsOther
9625000
CY2020Q4 pgre Real Estate Gross At Carrying Value Other
RealEstateGrossAtCarryingValueOther
9625000
CY2020 pgre Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense Other
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpenseOther
4199000
CY2020Q4 srt Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
3819434000
CY2020Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
1966237000
CY2020Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
5430368000
CY2020Q4 us-gaap Sec Schedule Iii Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Buildings And Improvements
SECScheduleIIIRealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionBuildingsAndImprovements
566710000
CY2020Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
1966237000
CY2020Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
5997078000
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
7963315000
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
966697000
CY2020Q4 pgre Net Basis Difference Of Assets And Liabilities Between Tax Basis And Gaap Basis
NetBasisDifferenceOfAssetsAndLiabilitiesBetweenTaxBasisAndGaapBasis
2400000000
CY2018Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
7793784000
CY2017Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
7653276000
CY2020 us-gaap Real Estate Improvements
RealEstateImprovements
82571000
CY2019 us-gaap Real Estate Improvements
RealEstateImprovements
104408000
CY2018 us-gaap Real Estate Improvements
RealEstateImprovements
144666000
CY2020 pgre Real Estate Cost Of Real Estate Sold And Written Off
RealEstateCostOfRealEstateSoldAndWrittenOff
9141000
CY2019 pgre Real Estate Cost Of Real Estate Sold And Written Off
RealEstateCostOfRealEstateSoldAndWrittenOff
8307000
CY2018 pgre Real Estate Cost Of Real Estate Sold And Written Off
RealEstateCostOfRealEstateSoldAndWrittenOff
4158000
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
7963315000
CY2019Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
7889885000
CY2018Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
7793784000
CY2019Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
790216000
CY2018Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
617974000
CY2017Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
445328000
CY2020 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
185622000
CY2019 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
180549000
CY2018 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
176804000
CY2020 pgre Real Estate Accumulated Depreciation Real Estate Sold And Written Off
RealEstateAccumulatedDepreciationRealEstateSoldAndWrittenOff
9141000
CY2019 pgre Real Estate Accumulated Depreciation Real Estate Sold And Written Off
RealEstateAccumulatedDepreciationRealEstateSoldAndWrittenOff
8307000
CY2018 pgre Real Estate Accumulated Depreciation Real Estate Sold And Written Off
RealEstateAccumulatedDepreciationRealEstateSoldAndWrittenOff
4158000
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
966697000
CY2019Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
790216000
CY2018Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
617974000

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