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.

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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 achieved a 5 Star rating in the 2024 GRESB Real Estate Assessment. This is the sixth consecutive year Paramount was awarded GRESB's highest rating. The Company was a top performer among over 2,200 global real estate participants and received “Sector Leader” status within the Office/Americas category. The GRESB Sector Leaders are distinguished as the best performers by sector, reg.

Paramount Achieves GRESB 5 Star Rating for Sixth Consecutive Year

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Five US real estate investment trusts have suspended dividends so far this year, while six other REITs have lowered regular dividend payouts. The activity contrasts with the more than one-third of the US REIT industry that have raised dividends during the first three quarters of 2024. Shopping center landlord SITE Centers Corp. was the most recent addition to the list of REITs that suspended dividends this year.

5 U.S. REITs Suspend Dividends Amid 2024 Cuts

Paramount Group, Inc. (NYSE:PGRE ) Q3 2024 Earnings Call October 31, 2024 10:00 AM ET Company Participants Tom Hennessy - Vice President, Business Development and Investor Relations Albert Behler - Chairman, Chief Executive Officer and President Wilbur Paes - Chief Operating Officer, Chief Financial Officer and Treasurer Peter Brindley - Executive Vice President and Head, Real Estate Conference Call Participants Blaine Heck - Wells Fargo Stephen Sakwa - Evercore ISI Dylan Burzinski - Green Street Operator Good day, ladies and gentlemen. Thank you for standing by.

Paramount Group, Inc. (PGRE) Q3 2024 Earnings Call Transcript

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, 2024 today and reported results for the third quarter ended September 30, 2024. Third Quarter Highlights: Results of Operations: Reported net loss attributable to common stockholders of $9.7 million, or $0.04 per diluted share, for the quarter ended September 30, 2024, compared to $8.4 million, or $0.04 per diluted share, for th.

Paramount Announces Third Quarter 2024 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, 2024 with the U.S. Securities and Exchange Commission and release its third quarter 2024 financial results on Wednesday, October 30, 2024 after the end of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Thursday, October 31, 2024 at 10:00 a.m. Easte.

Paramount Announces Release Date for Third Quarter 2024 Results

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Paramount Group suspended its quarterly dividend for cash savings to better address its upcoming maturities. The REIT is trading for just 4x its free cash flow with a total debt of $3.6 billion, set to see its burden lessened by the Fed's rate cuts. Rate cuts will also enhance investor sentiment, with a recovery of the REIT's valuation from its 5-year low possible through the next year.

Paramount Group: A Speculative Buy As Era Of Rate Cuts Begins (Rating Upgrade)

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Investors interested in REIT and Equity Trust - Other stocks are likely familiar with Paramount Group (PGRE) and EastGroup Properties (EGP). But which of these two stocks presents investors with the better value opportunity right now?

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

Paramount Group (PGRE) shares edged higher Friday as the real estate investment trust (REIT) that specializes in commercial properties suspended its regular quarterly dividend of $0.035 that was to be paid Oct. 15.

REIT Paramount Group Suspends Dividend To 'Fortify' Balance Sheet

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount”) announced today that its board of directors suspended the Company's regular quarterly dividend that would have otherwise been payable on October 15, 2024. During 2024, Paramount paid three regular quarterly dividends aggregating $0.1050 per share of common stock, which approximates 100% of its estimated 2024 taxable income. Albert Behler, Chairman, Chief Executive Officer and President of Paramount commented, “The decis.

Paramount Suspends Regular Quarterly Dividend

Investors interested in REIT and Equity Trust - Other stocks are likely familiar with Paramount Group (PGRE) and EastGroup Properties (EGP). But which of these two stocks offers value investors a better bang for their buck right now?

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

Investors looking for stocks in the REIT and Equity Trust - Other sector might want to consider either Paramount Group (PGRE) or EastGroup Properties (EGP). But which of these two stocks offers value investors a better bang for their buck right now?

PGRE vs. EGP: Which Stock Should Value Investors Buy Now?

Paramount Group, Inc. (NYSE:PGRE ) Q2 2024 Earnings Conference Call August 1, 2024 10:00 AM ET Company Participants Thomas Hennessy - Vice President of Business Development and Investor Relations Albert Behler - Chairman, President and Chief Executive Officer Peter Brindley - Executive Vice President and Head of Real Estate Wilbur Paes - Chief Operating Officer and Chief Financial Officer Conference Call Participants Steve Sakwa - Evercore ISI Vikram Malhotra - Mizuho Camille Bonnel - Bank of America Merrill Lynch Blaine Heck - Wells Fargo Securities, LLC Ronald Kamdem - Morgan Stanley Dylan Burzinski - Green Street Advisors LLC Operator Good day, ladies and gentlemen. Thank you for standing by.

Paramount Group, Inc. (PGRE) Q2 2024 Earnings Call Transcript

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, 2024 today and reported results for the second quarter ended June 30, 2024. Second Quarter Highlights: Results of Operations: Reported net loss attributable to common stockholders of $7.8 million, or $0.04 per diluted share, for the quarter ended June 30, 2024, compared to $47.5 million, or $0.22 per diluted share, for the quarter en.

Paramount Announces Second Quarter 2024 Results

Real estate investment trusts (REIT) provide steady income, and most recently, capital appreciation for most investors. Still, I believe that it is advisable to divest in REITs because of different economic and real estate-related issues.

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

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Paramount Group (PGRE) Stock Undervalued Right Now?

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, 2024 with the U.S. Securities and Exchange Commission and release its second quarter 2024 financial results on Wednesday, July 31, 2024 after the end of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Thursday, August 1, 2024 at 10:00 a.m. Eastern Time (.

Paramount Announces Release Date for Second Quarter 2024 Results

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

Should Value Investors Buy Paramount Group (PGRE) Stock?

Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both Paramount Group (PGRE) and Omega Healthcare Investors (OHI). But which of these two stocks offers value investors a better bang for their buck right now?

PGRE vs. OHI: Which Stock Should Value Investors Buy Now?

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount”) announced today that its board of directors has declared a regular quarterly cash dividend of $0.035 per share of common stock for the period from April 1, 2024 to June 30, 2024. The dividend will be payable on July 15, 2024, to stockholders of record as of the close of business on June 28, 2024. About Paramount Group, Inc. Headquartered in New York City, Paramount Group, Inc. is a fully-integrated real estate investmen.

Paramount Declares Regular Quarterly Dividend

Investors interested in stocks from the REIT and Equity Trust - Other sector have probably already heard of Paramount Group (PGRE) and Omega Healthcare Investors (OHI). But which of these two companies is the best option for those looking for undervalued stocks?

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

Are Investors Undervaluing Paramount Group (PGRE) Right Now?

Paramount Group, Inc. (NYSE:PGRE ) Q1 2024 Earnings Conference Call May 2, 2024 10:00 AM ET Company Participants Tom Hennessy - Vice President of Business Development and Investor Relations Albert Behler - Chairman, President and Chief Executive Officer Peter Brindley - Executive Vice President and Head of Real Estate Wilbur Paes - Chief Operating Officer and Chief Financial Officer Conference Call Participants Steve Sakwa - Evercore ISI Camille Bonnel - Bank of America Merrill Lynch Blaine Heck - Wells Fargo Securities, LLC Dylan Burzinski - Green Street Advisors LLC Tamim Sarwary - Morgan Stanley Operator Good day, ladies and gentlemen. Thank you for standing by.

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