Paramount Group, Inc. (PGRE)

NYSE: PGRE · IEX Real-Time Price · USD
4.860
-0.030 (-0.61%)
May 15, 2024, 4:00 PM EDT - Market closed
-0.61%
Market Cap 1.06B
Revenue (ttm) 743.19M
Net Income (ttm) -251.61M
Shares Out 217.33M
EPS (ttm) -1.16
PE Ratio n/a
Forward PE n/a
Dividend $0.14 (2.88%)
Ex-Dividend Date Mar 27, 2024
Volume 1,866,354
Open 4.980
Previous Close 4.890
Day's Range 4.840 - 4.995
52-Week Range 4.060 - 5.920
Beta 1.22
Analysts Hold
Price Target 4.60 (-5.35%)
Earnings Date May 1, 2024

About PGRE

Paramount Group, Inc. (Paramount or the Company) is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants. [Read more]

Industry REIT - Office
Sector Real Estate
IPO Date Nov 19, 2014
Employees 329
Stock Exchange NYSE
Ticker Symbol PGRE
Full Company Profile

Financial Performance

In 2023, PGRE's revenue was $742.79 million, an increase of 0.33% compared to the previous year's $740.38 million. Losses were -$259.74 million, 613.5% more than in 2022.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for PGRE stock is "Hold." The 12-month stock price forecast is $4.6, which is a decrease of -5.35% from the latest price.

Price Target
$4.6
(-5.35% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Paramount Announces First Quarter 2024 Results

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 March 31, 2024 today and reported results for...

14 days ago - Business Wire

Paramount Announces Release Date for First 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 March 31, 2024 wi...

4 weeks ago - Business Wire

Paramount Earns 2024 ENERGY STAR® Partner of the Year Award

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) is proud to announce that it has achieved the 2024 ENERGY STAR Partner of the Year Award from the U.S. Envi...

6 weeks ago - Business Wire

Paramount Signs 74,000 Square Foot Lease at 1301 Avenue of the Americas

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it has signed a 74,000 square foot lease with Citizens at 1301 Avenue of the Americas,...

2 months ago - Business Wire

Paramount Declares Regular Quarterly Dividend

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 sto...

2 months ago - Business Wire

Paramount Announces Fourth Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) filed its Annual Report on Form 10-K for the year ended December 31, 2023 today and reported results for th...

3 months ago - Business Wire

Paramount Modifies and Extends Loan at One Market Plaza

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that, together with its joint venture partner, it has modified and extended the existing mo...

3 months ago - Business Wire

Paramount Announces Release Date for Fourth Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it will file its annual report on Form 10-K for the year ended December 31, 2023 with ...

3 months ago - Business Wire

Paramount Announces Tax Treatment of 2023 Common Stock Dividends

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) today announced the 2023 tax treatment of its common stock dividends as described below. Shareholders are e...

4 months ago - Business Wire

Paramount Achieves GRESB 5 Star Rating for Fifth Consecutive Year

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it achieved a 5 Star rating in the 2023 GRESB Real Estate Assessment. Maintaining the ...

6 months ago - Business Wire

Paramount Announces Third Quarter 2023 Results

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, 2023 today and reported results...

7 months ago - Business Wire

Paramount Announces Release Date for Third Quarter 2023 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, 202...

7 months ago - Business Wire

Paramount Announces Second Quarter 2023 Results

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, 2023 today and reported results for ...

10 months ago - Business Wire

Paramount Reschedules Second Quarter 2023 Earnings Call to Tuesday August 1, 2023 at 9:00 AM

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it has rescheduled its second quarter 2023 conference call and audio webcast from Tues...

10 months ago - Business Wire

Paramount Announces Release Date for Second Quarter 2023 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, 2023 wit...

11 months ago - Business Wire

Paramount Group REIT to take an earnings hit as JPMorgan surrenders some lease space acquired through First Republic, SVB lease agreement terminated

Paramount Group Inc. PGRE, +6.58% disclosed Friday that it will take an earnings hit as JPMorgan Chase & Co. gave up about one-fourth of the leased office space acquired through First Republic Bank an...

11 months ago - Market Watch

Paramount Declares Quarterly Cash Dividend

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount”) announced today that its board of directors has declared a reduced quarterly cash dividend of $0.035 per share of common sto...

11 months ago - Business Wire

Paramount Announces First Quarter 2023 Results

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 March 31, 2023 today and reported results for...

1 year ago - Business Wire

Paramount Announces Release Date for First Quarter 2023 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 March 31, 2023 wi...

1 year ago - Business Wire

Paramount Signs 119,000 Square Foot Lease at 31 West 52nd Street in New York

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it signed a 16.5-year, 119,000 square foot lease with Wilson Sonsini Goodrich & Rosati...

1 year ago - Business Wire

Paramount Earns 2023 ENERGY STAR® Partner of the Year Award

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) is proud to announce that it has achieved the 2023 ENERGY STAR Partner of the Year Award from the U.S. Envi...

1 year ago - Business Wire

Paramount Announces Fourth Quarter 2022 Results

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) filed its Annual Report on Form 10-K for the year ended December 31, 2022 today and reported results for th...

1 year ago - Business Wire

Paramount Announces Release Date for Fourth Quarter 2022 Results

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it will file its annual report on Form 10-K for the year ended December 31, 2022 wit...

1 year ago - Business Wire

Paramount Announces Tax Treatment of 2022 Common Stock Dividends

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) today announced the 2022 tax treatment of its common stock dividends as described below. Shareholders are...

1 year ago - Business Wire

Paramount Achieves GRESB 5 Star Rating for Fourth Consecutive Year

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it achieved a 5 Star rating in the 2022 GRESB Real Estate Assessment.

1 year ago - Business Wire