v3.25.1
Segments - Schedule of Paramount's Share of Net Operating Income for Each Reportable Segment Information (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Segment Reporting Information [Line Items]    
Property-related revenues $ 181,994 $ 182,629
Less property-related operating expenses:    
Real estate related taxes (38,911) (36,551)
Other operating expenses [1] (39,139) (35,189)
NOI attributable to noncontrolling interests in consolidated joint ventures (22,083) (22,908)
NOI from unconsolidated joint ventures 4,927 5,602
Paramount's share of NOI [2] 86,788 93,583
New York [Member]    
Segment Reporting Information [Line Items]    
Property-related revenues 114,567 117,804
Less property-related operating expenses:    
Real estate related taxes (29,791) (28,876)
Other operating expenses [1] (26,035) (21,438)
NOI attributable to noncontrolling interests in consolidated joint ventures (3,246) (2,676)
NOI from unconsolidated joint ventures 3,158 3,555
Paramount's share of NOI [2] 58,653 68,369
San Francisco [Member]    
Segment Reporting Information [Line Items]    
Property-related revenues 66,988 65,190
Less property-related operating expenses:    
Real estate related taxes (9,120) (7,675)
Other operating expenses [1] (10,919) (13,090)
NOI attributable to noncontrolling interests in consolidated joint ventures (18,837) (20,232)
NOI from unconsolidated joint ventures 1,710 2,047
Paramount's share of NOI [2] 29,822 26,240
Other [Member]    
Segment Reporting Information [Line Items]    
Property-related revenues 439 (365)
Less property-related operating expenses:    
Real estate related taxes 0 0
Other operating expenses [1] (2,185) (661)
NOI attributable to noncontrolling interests in consolidated joint ventures 0 0
NOI from unconsolidated joint ventures 59 0
Paramount's share of NOI [2] $ (1,687) $ (1,026)
[1] Primarily comprised of cleaning, security, repairs and maintenance, and utilities.
[2] NOI is used to measure the operating performance of our properties. NOI consists of rental revenue (which includes property rentals, tenant reimbursements and lease termination income) and certain other property-related revenue less operating expenses (which includes property-related expenses such as cleaning, security, repairs and maintenance, utilities, property administration and real estate taxes). We present Paramount’s share of NOI which represents our share of NOI of consolidated and unconsolidated joint ventures, based on our percentage ownership in the underlying assets. We use NOI internally as a performance measure and believe it provides useful information to investors regarding our financial condition and results of operations because it reflects only those income and expense items that are incurred at the property level. Other real estate companies may use different methodologies for calculating NOI and, accordingly, our presentation of NOI may not be comparable to other real estate companies.