Paramount Group, Inc. (PGRE)

NYSE: PGRE · Real-Time Price · USD
4.710
-0.050 (-1.05%)
Nov 20, 2024, 4:00 PM EST - Market closed
-1.05%
Market Cap 1.12B
Revenue (ttm) 553.64M
Net Income (ttm) -213.22M
Shares Out 237.56M
EPS (ttm) -0.99
PE Ratio n/a
Forward PE n/a
Dividend $0.14 (2.97%)
Ex-Dividend Date Jun 28, 2024
Volume 605,121
Open 4.720
Previous Close 4.760
Day's Range 4.665 - 4.735
52-Week Range 4.212 - 5.920
Beta 1.27
Analysts Hold
Price Target 4.50 (-4.46%)
Earnings Date Oct 30, 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, Paramount Group's revenue was $471.67 million, a decrease of -31.23% compared to the previous year's $685.89 million. Losses were -$259.79 million, 612.0% more than in 2022.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for PGRE stock is "Hold." The 12-month stock price forecast is $4.5, which is a decrease of -4.46% from the latest price.

Price Target
$4.5
(-4.46% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Paramount Achieves GRESB 5 Star Rating for Sixth 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 2024 GRESB Real Estate Assessment. This is the sixt...

2 days ago - Business Wire

5 U.S. REITs Suspend Dividends Amid 2024 Cuts

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...

15 days ago - Seeking Alpha

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

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 - Ch...

20 days ago - Seeking Alpha

Paramount Announces Third 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 September 30, 2024 today and reported results...

21 days ago - Business Wire

Paramount Announces Release Date for 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, 202...

5 weeks ago - Business Wire

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

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 t...

2 months ago - Seeking Alpha

REIT Paramount Group Suspends Dividend To 'Fortify' Balance Sheet

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...

2 months ago - Investopedia

Paramount Suspends Regular Quarterly Dividend

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 bee...

2 months ago - Business Wire

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

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 Albe...

3 months ago - Seeking Alpha

Paramount Announces Second 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 June 30, 2024 today and reported results for ...

4 months ago - Business Wire

Paramount Announces Release Date for Second 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 June 30, 2024 wit...

4 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...

5 months ago - Business Wire

Paramount Group, Inc. (PGRE) Q1 2024 Earnings Call Transcript

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 Beh...

7 months ago - Seeking Alpha

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...

7 months 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...

7 months 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...

8 months 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,...

8 months ago - Business Wire

Paramount Group: Blue Chip Tenants And Rock Bottom Valuation

Paramount Group's stock has dropped 70% in the past five years with the REIT now swapping hands for 5.8x its 2024 core FFO guidance. The office REIT has a high-quality tenant base, including JPMorgan,...

9 months ago - Seeking Alpha

Paramount Group, Inc. (PGRE) Q4 2023 Earnings Call Transcript

Paramount Group, Inc. (PGRE) Q4 2023 Earnings Call Transcript

9 months ago - Seeking Alpha

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...

10 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...

10 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 ...

10 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...

10 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 ...

1 year ago - Business Wire

Paramount Group, Inc. (PGRE) Q3 2023 Earnings Call Transcript

Paramount Group, Inc. (PGRE) Q3 2023 Earnings Call Transcript

1 year ago - Seeking Alpha