Investor Presentaiton
Appendix: Definitions (Cont'd)
PGRE's Share of Total Debt represents our share of debt of consolidated and unconsolidated joint ventures, based on our percentage ownership in the
underlying assets. We believe that PGRE's share of total debt provides useful information to investors regarding our financial condition because it includes our
share of debt from unconsolidated joint ventures and excludes the noncontrolling interests' share of debt from consolidated joint ventures that is attributable to
our partners.
Same Store NOI is used to measure the operating performance of properties in our New York and San Francisco portfolios that were owned by us in a similar
manner during both the current period and prior reporting periods, and represents Same Store NOI from consolidated and unconsolidated joint ventures based
on our percentage ownership in the underlying assets. Same Store NOI also excludes lease termination income, impairment of receivables arising from operating
leases and certain other items that may vary from period to period. We also present Same Store Cash NOI, which excludes the effect of non-cash items such as
the straight-line rent adjustments and the amortization of above and below-market leases.
Same Store Leased % represents percentage of square feet that is leased, including signed leases not yet commenced, for properties that were owned by us in a
similar manner during both the current period and prior reporting periods.
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