Paramount Group, Inc. (PGRE)
| Market Cap | 1.51B |
| Revenue (ttm) | 711.73M |
| Net Income (ttm) | -66.18M |
| Shares Out | 238.01M |
| EPS (ttm) | -0.31 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | $0.04 (0.55%) |
| Ex-Dividend Date | Jun 28, 2024 |
| Volume | 1,424,382 |
| Open | 6.40 |
| Previous Close | 6.38 |
| Day's Range | 6.31 - 6.45 |
| 52-Week Range | 3.75 - 6.62 |
| Beta | 1.34 |
| Analysts | Hold |
| Price Target | 5.38 (-15.01%) |
| Earnings Date | Jul 30, 2025 |
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]
Financial Performance
In 2024, Paramount Group's revenue was $710.37 million, an increase of 50.61% compared to the previous year's $471.67 million. Losses were -$46.30 million, -82.18% less than in 2023.
Financial StatementsAnalyst Forecast
According to 4 analysts, the average rating for PGRE stock is "Hold." The 12-month stock price forecast is $5.38, which is a decrease of -15.01% from the latest price.
News
U.S. REIT Same-Store Net Operating Income Growth Slips In Q1
US equity REITs reported a marginal decline in the median growth rate of their same-store NOI in Q1 as the commercial real estate market continues to face macroeconomic challenges. Among all US equity...
The State Of REITs: May 2025 Edition
The REIT sector saw another month of red in April (-6.45%) and REITs now average a -9.10% return over the first 4 months of the year. Microcap (-8.87%) and small-cap REITs (-8.69%) endured bigger aver...
Major Office Landlord is Exploring a Sale of the Company
Paramount Group's announcement comes after its CEO revealed $4 million in previously undisclosed payments to his outside business interests.
Paramount Announces Review of Strategic Alternatives to Maximize Shareholder Value and Management Transition
NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that its Board of Directors has initiated a review and evaluation of strategic alternatives...
Paramount Announces Sale of 25% Interest in One Front Street
NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it has sold a 25% interest in One Front Street, a 649,000 square foot Class A office b...
Paramount Group, Inc. (PGRE) Q1 2025 Earnings Call Transcript
Paramount Group, Inc. (PGRE) Q1 2025 Earnings Call Transcript
Paramount Signs 121,000 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 121,000 square foot, 16.5 year lease with Benesch, Friedlander, Coplan...
Sell These 10 REITs While You Still Can
This neither the best of times nor the worst of times for REIT investors. This article presents a list of 10 REITs that would merit a Sell rating even in the best of times, given their current conditi...
Paramount Announces First Quarter 2025 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, 2025 today and reported results for...
Paramount Group: Suspended Dividends Keep Me Away Even As New York Office Booms
Paramount Group suspended its dividend in the summer of 2024, impacting total returns, which now depend on strong quarterly results or valuation expansion. PGRE trades at 8.12x the midpoint of its gui...
Paramount Announces Release Date for First Quarter 2025 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, 2025 wi...
Paramount Group, Inc. (PGRE) Q4 2024 Earnings Call Transcript
Paramount Group, Inc. (NYSE:PGRE) Q4 2024 Earnings Conference Call February 28, 2025 10:00 AM ET Company Participants Tom Hennessy - Vice President of Investor Relations and Business Development Albe...
Paramount Announces Fourth Quarter 2024 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, 2024 today and reported results for th...
Paramount Group: Upcoming Debt Maturities And San Francisco Exposure Make This A Hold
Paramount Group is an internally managed REIT focused on New York and San Francisco office properties, with 13.8 million square feet across 18 properties. PGRE's Manhattan properties are 85% leased an...
Paramount Announces Release Date for Fourth Quarter 2024 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, 2024 with ...
Paramount Announces Sale of 45% Interest in 900 Third Avenue
NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it has sold a 45% interest in 900 Third Avenue, a 600,000 square foot Class A office b...
Paramount Announces Tax Treatment of 2024 Common Stock Dividends
NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) today announced the 2024 tax treatment of its common stock dividends as described below. Shareholders are e...
Regulatory scrutiny surrounds Skydance-Paramount Media's $8.4B merger
The planned $8.4 billion merger between Skydance Media and Paramount Global has sparked debates over its potential to redefine the competitive landscape of US media. While the proposal has faced signi...
Earnings Metrics Of Several U.S. Office REITs Drop In Q3
Most US office REITs ended Q3 with weaker operating metrics compared with the previous 3-month period, as demand for offices continued to drop amid higher rent. In terms of recurring EBITDA, 13 office...
NAV Monitor: U.S. Equity REITs End November At 6.5% Median Discount
Publicly listed US equity real estate investment trusts closed Nov. 29 at a median 6.5% discount to their consensus net asset value per share estimates. The hotel sector continued to trade at the larg...
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...
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...
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...
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...
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...