Paramount Group, Inc. (PGRE)
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]
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 StatementsAnalyst 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.
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...
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...
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...
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...
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...
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...
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 ...
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...
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...
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...
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...
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...
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...
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,...
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,...
Paramount Group, Inc. (PGRE) Q4 2023 Earnings Call Transcript
Paramount Group, Inc. (PGRE) Q4 2023 Earnings Call Transcript
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...
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...
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 ...
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...
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 ...
Paramount Group, Inc. (PGRE) Q3 2023 Earnings Call Transcript
Paramount Group, Inc. (PGRE) Q3 2023 Earnings Call Transcript