Paramount Group

Paramount Group, Inc. is a real estate investment and management company. It owns, operates, manages, acquires and redevelops office properties in central business district submarkets of New York, District of Columbia and San Francisco. The company operates through the following geographical segments: New York, San Francisco and Washington. Paramount Group was founded by Werner Otto in 1978 and is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Paramount Group meets FFO guidance, faces leasing challenges and undervaluation

Paramount Group delivered solid financial performance, strong leasing activity, and sustainability recognition. Challenges include leasing delays and market uncertainties. Opportunities exist in strategic partnerships and undervalued assets.

Paramount Group surpasses Q1 expectations, eyes growth opportunities cautiously

Paramount Group's Q1 performance exceeded expectations, with strong leasing activity and increased FFO guidance. The company's focus on strategic capital allocation and sustainability efforts are notable strengths. Challenges include muted transaction market activity and lease negotiation unpredictability.
Opportunities lie in the improving San Francisco market, potential value-add investments, and careful evaluation of dividend policy. Paramount Group remains cautious yet optimistic about market conditions and future growth strategies.

Paramount Group beats Q2 estimates but revises 2023 guidance downward

Paramount Group faced challenges with lease terminations impacting guidance and a loan default situation. Despite this, efforts to fill vacancies and attract tenants are ongoing, with a cautious approach to new acquisitions.

Paramount Group meets Q3 expectations, focuses on resilience and opportunities

Paramount Group's Q3 performance met expectations with strong leasing activity in key markets. The company maintains a focus on financial strength and resilience amidst economic uncertainties. Opportunities exist in early tenant renewals and strategic market positioning.
Challenges persist in the transaction market due to external factors, but Paramount Group's proactive approach to managing lease expirations and refinancing debt demonstrates sound financial management.

Paramount Group excels in Q4, eyes strategic leasing for 2024

Paramount Group's strong performance in Q4 2023 and focus on lease exploration for 2024 show resilience and strategic planning.
Emphasis on sustainability, strong lender relationships, and disciplined capital allocation are key strengths.
Challenges from 2023 addressed with a clear plan for 2024, leveraging market opportunities and enhancing tenant experience.

Paramount Group surpasses Q1 expectations with strong leasing activity

Paramount Group's Q1 performance exceeded expectations, driven by strong leasing activity and operational performance. The company's focus on sustainability, financial flexibility, and strategic leasing initiatives positions it well for growth. Challenges include maintaining pricing power in different markets and finalizing strategic decisions on dispositions and lease renewals.

Paramount Group (PGRE) reports strong Q3 earnings and outlook

Paramount Group (PGRE) demonstrated solid financial performance with Core FFO exceeding expectations.
Despite challenges in San Francisco leasing and dividend suspension, the company maintains a strong balance sheet.
Management's focus on tenant experience and cautious capital deployment positions them well for future growth.
Positive market trends and raised FFO guidance indicate a promising outlook for Paramount Group.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Paramount Group, Inc. is a real estate investment and management company, which engages in the ownership, operation, management, acquisition, and redevelopment of office properties in central business district submarkets. It operates through the New York and San Francisco geographical segments. The company was founded by Werner Otto in 1978 and is headquartered in New York, NY.

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it has completed the previously announced sale of 1899 Pennsylvania Avenue, a 190,955 square foot trophy office building located in Washington, D.C. The final sales price was $103 million, and reflected a $12 million, or 10% reduction versus the previously announced sales price, due to the ongoing COVID-19 pandemic. With the closing of this transaction, Paramount has completed its s

Paramount Completes Sale of 1899 Pennsylvania Avenue

PGRE is a Class A office property REIT that is down ~40% since March 2020. It is currently trading at a ~50% discount to NAV; in other words, it's a dollar bill selling for $0.50-$0.60, backed by cash-generating real estate.

Paramount Group: An All-In Wager On The Economic Future Of NYC With A 50% Upside

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount”) announced today that its board of directors has declared a decreased quarterly cash dividend of $0.07 per share of common stock for the period from October 1, 2020 to December 31, 2020. The dividend will be payable on January 15, 2021 to stockholders of record as of the close of business on December 31, 2020. The reduction in dividend policy is viewed by the board as a prudent and proactive strategy to preserve liquidit

Paramount Declares Quarterly Dividend of $0.07 Per Share, for a New Indicated Annual Rate of $0.28 Per Share

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) today announced that it has achieved a 5-Star Rating for the second consecutive year under the 2020 Global Real Estate Sustainability Benchmark (GRESB) assessment, as well as an overall score of 87, ranking Paramount among the top 20% of all respondents and ninth out of 55 listed office companies worldwide. The 5-Star Rating is the highest possible achievement under GRESB standards. Paramount's overall

Paramount Earns Maximum of Five Green Stars for Second Consecutive Year Under 2020 GRESB Assessment

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) today announced that its Board of Directors has unanimously rejected an unsolicited proposal received from Bow Street LLC (“Bow Street”) on November 4, 2020 to acquire all of the Company's outstanding shares for between $9.50 and $10.00 per share in cash. Consistent with its fiduciary duties, the Paramount Board engaged extensively with Bow Street and carefully reviewed and considered Bow Street's propo

Paramount Board of Directors Unanimously Rejects Unsolicited Proposal from Bow Street

Paramount Group, Inc. (PGRE) CEO Albert Behler on Q3 2020 Results - Earnings Call Transcript

Paramount Group (PGRE) delivered FFO and revenue surprises of -4.35% and 1.06%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Paramount Group (PGRE) Lags Q3 FFO Estimates

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) filed its Quarterly Report on Form 10-Q for the quarter ended September 30, 2020 today and reported results for the third quarter ended September 30, 2020. Third Quarter Highlights: Results of Operations: Reported net loss attributable to common stockholders of $7.0 million, or $0.03 per diluted share, for the quarter ended September 30, 2020, compared to net income attributable to common stockholders o

Paramount Announces Third Quarter 2020 Results

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it will file its quarterly report on Form 10-Q for the quarter ended September 30, 2020 with the U.S. Securities and Exchange Commission and release its third quarter 2020 financial results on Wednesday, October 28, 2020 after the end of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Thursday, October 29, 2020 at 10:00 a.m. Easte

Paramount Announces Release Date for Third Quarter 2020 Results

Let's see if Paramount Group, Inc. (PGRE) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.

Should Value Investors Pick Paramount Group (PGRE) Stock?

SAN FRANCISCO, Aug. 13, 2020 /PRNewswire/ -- Paramount Group, Inc.

One Steuart Lane, San Francisco's Ultra-Luxury Waterfront Condominium Tower, Celebrates Official Topping Off

Paramount Group, Inc. (PGRE) CEO Albert Behler on Q2 2020 Results - Earnings Call Transcript

Paramount Group (PGRE) delivered FFO and revenue surprises of 0.00% and -4.69%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Paramount Group (PGRE) Matches Q2 FFO Estimates

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2020 today and reported results for the second quarter ended June 30, 2020.

Paramount Announces Second Quarter 2020 Results

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it will file its quarterly report on Form 10-Q for the quarter ended June 30, 2020 with the U.S. Securities and Exchange Commission and release its second quarter 2020 financial results on Wednesday, July 29, 2020 after the end of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Thursday, July 30, 2020 at 10:00 a.m. Eastern Time (E

Paramount Announces Release Date for Second Quarter 2020 Results

CubeSmart

PGRE vs. CUBE: Which Stock Is the Better Value Option?

PGRE or CUBE: Which Is the Better Value Stock Right Now?

Paramount Group, Inc. (PGRE) CEO Albert Behler on Q1 2020 Results - Earnings Call Transcript

Paramount Group, Inc. (PGRE) CEO Albert Behler on Q4 2019 Results - Earnings Call Transcript

Paramount Group's (PGRE) CEO Albert Behler on Q3 2019 Results - Earnings Call Transcript

Paramount Group (PGRE) delivered FFO and revenue surprises of 4.17% and 1.27%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Paramount Group (PGRE) Beats Q3 FFO and Revenue Estimates

Paramount Group has been struggling lately, but the selling pressure may be coming to an end soon.

Paramount Sees Hammer Chart Pattern: Time to Buy?

Paramount Group, Inc. (PGRE) CEO James Brannen on Q1 2019 Results - Earnings Call Transcript

News for Paramount Group Stock (PGRE)