Headquartered in New York City, Paramount Group, Inc. 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 City 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.
IPO Year: 2014
Exchange: NYSE
Website: paramount-group.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/20/2025 | $8.00 | In-line → Outperform | Evercore ISI |
| 4/15/2025 | $3.25 | Equal-Weight → Underweight | Morgan Stanley |
| 3/18/2024 | $5.00 | Underperform → In-line | Evercore ISI |
| 11/13/2023 | $5.00 → $4.00 | Neutral → Underperform | BofA Securities |
| 3/1/2023 | $5.50 | Neutral | BofA Securities |
| 11/23/2022 | $8.00 → $6.50 | Overweight → Equal-Weight | Morgan Stanley |
| 11/21/2022 | $8.00 → $6.50 | In-line → Underperform | Evercore ISI |
| 10/19/2022 | Buy → Neutral | BTIG Research | |
| 3/1/2022 | $10.50 → $14.00 | Overweight | Morgan Stanley |
| 1/20/2022 | $11.00 → $10.50 | Neutral → Buy | Mizuho |
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 to maximize shareholder value. The announcement follows a successful first quarter marked by strong leasing activity. Albert Behler, Chairman, Chief Executive Officer and President, said, "As Paramount continues to build on the strong leasing momentum from the first quarter, the Board and management team remain focused on closing the persistent gap between the Company's public market valuation and our assessment of its intrinsic value. We are committed to acting in the best interests of our shareholders as we evaluate a
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 building located on the corner of Front and Market Streets in San Francisco, at a gross asset valuation of $255 million. Paramount will continue to own the remaining 75% interest and manage and lease the property. As part of the transaction, Paramount has provided $40.5 million of seller financing for a two-year term at a fixed rate of 5.50%. The Company retained net proceeds of $11.5 million from the sale, after transaction and other costs. "We are excited to announce the sale of this minority interest in One Front Stree
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 & Aronoff LLP ("Benesch") at 1301 Avenue of the Americas, a 1.8 million square-foot Class A office building, located between 52nd and 53rd Streets in Midtown Manhattan. Of the 121,000 square feet, approximately 30,000 square feet is short term. "We are proud to welcome Benesch to 1301 Avenue of the Americas," said Douglas Neye, Senior Vice President. "This significant commitment is a testament to the building's many appealing attributes and another example of the New York office market's resurgence. By joining our tenan
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 with the U.S. Securities and Exchange Commission and release its first quarter 2025 financial results on Wednesday, April 30, 2025 after the end of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Thursday, May 1, 2025 at 10:00 a.m. Eastern Time (ET), during which management will discuss the first quarter results and provide commentary on business performance. A question and answer session with analysts and investors will follow the prepared remarks. The conference call
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 the U.S. Securities and Exchange Commission and release its fourth quarter 2024 financial results on Thursday, February 27, 2025 after the close of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Friday, February 28, 2025 at 10:00 a.m. Eastern Time (ET), during which management will discuss the fourth quarter results and provide commentary on business performance. A question-and-answer session with analysts and investors will follow the prepared remarks. The confere
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 building located on Third Avenue between 54th and 55th Streets in Midtown Manhattan, at a gross asset valuation of $210 million. Paramount will continue to own the remaining 55% interest and manage and lease the property. "We are excited to announce the sale of this non-controlling interest in 900 Third. This transaction underscores the underappreciated value of our assets in the market," said Albert Behler, Chairman, Chief Executive Officer & President of Paramount. "Furthermore, this deal strengthens our balance sheet
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 encouraged to consult with their personal tax advisors as to their specific tax treatment of Paramount's dividends. Common Shares (CUSIP #69924R108) Record Date Payable Date Total Dividends Per Share Total Dividends Allocable to 2024 2024 Taxable Ordinary Dividends (1) Total Capital Gain Distribution Total Section 1250 Unrecaptured Gain 2024 Non-taxable Dividend (Return of Capital)
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, region, and nature of ownership from across the GRESB Assessments. "Achieving GRESB's highest accolades, outperforming the GRESB average score by 21%, and improving upon our 2023 score validates the effectiveness of our ESG str
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. Eastern Time (ET), during which management will discuss the third quarter results and provide commentary on business performance. A question and answer session with analysts and investors will follow the prepared remarks. The confe
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 decision by our Board of Directors to suspend our regular quarterly dividend aligns with our commitment to fortify our balance sheet and maintain the utmost financial flexibility." About Paramount Group, Inc. Headquartered in New
4 - Paramount Group, Inc. (0001605607) (Issuer)
4 - Paramount Group, Inc. (0001605607) (Issuer)
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 to maximize shareholder value. The announcement follows a successful first quarter marked by strong leasing activity. Albert Behler, Chairman, Chief Executive Officer and President, said, "As Paramount continues to build on the strong leasing momentum from the first quarter, the Board and management team remain focused on closing the persistent gap between the Company's public market valuation and our assessment of its intrinsic value. We are committed to acting in the best interests of our shareholders as we evaluate a
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 building located on the corner of Front and Market Streets in San Francisco, at a gross asset valuation of $255 million. Paramount will continue to own the remaining 75% interest and manage and lease the property. As part of the transaction, Paramount has provided $40.5 million of seller financing for a two-year term at a fixed rate of 5.50%. The Company retained net proceeds of $11.5 million from the sale, after transaction and other costs. "We are excited to announce the sale of this minority interest in One Front Stree
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 & Aronoff LLP ("Benesch") at 1301 Avenue of the Americas, a 1.8 million square-foot Class A office building, located between 52nd and 53rd Streets in Midtown Manhattan. Of the 121,000 square feet, approximately 30,000 square feet is short term. "We are proud to welcome Benesch to 1301 Avenue of the Americas," said Douglas Neye, Senior Vice President. "This significant commitment is a testament to the building's many appealing attributes and another example of the New York office market's resurgence. By joining our tenan
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 the first quarter. First Quarter Highlights: Results of Operations: Reported net loss attributable to common stockholders of $10.0 million, or $0.05 per share, for the first quarter of 2025, compared to net income attributable to common stockholders of $9.9 million, or $0.05 per share, for the first quarter of 2024. Net income attributable to common stockholders for the first quarter of 2024 includes a $14.1 million, or $0.07 per share, non-cash gain on extinguishment of a tax liability related to the Company's initi
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 with the U.S. Securities and Exchange Commission and release its first quarter 2025 financial results on Wednesday, April 30, 2025 after the end of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Thursday, May 1, 2025 at 10:00 a.m. Eastern Time (ET), during which management will discuss the first quarter results and provide commentary on business performance. A question and answer session with analysts and investors will follow the prepared remarks. The conference call
– Initiates Guidance for Full Year 2025 – 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 the fourth quarter ended December 31, 2024. Fourth Quarter Highlights: Results of Operations: Reported net loss attributable to common stockholders of $38.6 million, or $0.18 per diluted share, for the quarter ended December 31, 2024, compared to $205.6 million, or $0.95 per diluted share, for the quarter ended December 31, 2023. Net loss attributable to common stockholders for the quarter ended December 31, 2024 includes $30.9 million, or $0.14 per diluted share, for our s
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 the U.S. Securities and Exchange Commission and release its fourth quarter 2024 financial results on Thursday, February 27, 2025 after the close of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Friday, February 28, 2025 at 10:00 a.m. Eastern Time (ET), during which management will discuss the fourth quarter results and provide commentary on business performance. A question-and-answer session with analysts and investors will follow the prepared remarks. The confere
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 building located on Third Avenue between 54th and 55th Streets in Midtown Manhattan, at a gross asset valuation of $210 million. Paramount will continue to own the remaining 55% interest and manage and lease the property. "We are excited to announce the sale of this non-controlling interest in 900 Third. This transaction underscores the underappreciated value of our assets in the market," said Albert Behler, Chairman, Chief Executive Officer & President of Paramount. "Furthermore, this deal strengthens our balance sheet
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 encouraged to consult with their personal tax advisors as to their specific tax treatment of Paramount's dividends. Common Shares (CUSIP #69924R108) Record Date Payable Date Total Dividends Per Share Total Dividends Allocable to 2024 2024 Taxable Ordinary Dividends (1) Total Capital Gain Distribution Total Section 1250 Unrecaptured Gain 2024 Non-taxable Dividend (Return of Capital)
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, region, and nature of ownership from across the GRESB Assessments. "Achieving GRESB's highest accolades, outperforming the GRESB average score by 21%, and improving upon our 2023 score validates the effectiveness of our ESG str
4 - Paramount Group, Inc. (0001605607) (Issuer)
4 - Paramount Group, Inc. (0001605607) (Issuer)
4 - Paramount Group, Inc. (0001605607) (Issuer)
4 - Paramount Group, Inc. (0001605607) (Issuer)
4 - Paramount Group, Inc. (0001605607) (Issuer)
4 - Paramount Group, Inc. (0001605607) (Issuer)
4 - Paramount Group, Inc. (0001605607) (Issuer)
4 - Paramount Group, Inc. (0001605607) (Issuer)
4 - Paramount Group, Inc. (0001605607) (Issuer)
4 - Paramount Group, Inc. (0001605607) (Issuer)
8-K - Paramount Group, Inc. (0001605607) (Filer)
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8-K - Paramount Group, Inc. (0001605607) (Filer)
8-K - Paramount Group, Inc. (0001605607) (Filer)
10-Q - Paramount Group, Inc. (0001605607) (Filer)
DEFA14A - Paramount Group, Inc. (0001605607) (Filer)
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8-K - Paramount Group, Inc. (0001605607) (Filer)
8-K - Paramount Group, Inc. (0001605607) (Filer)
8-K - Paramount Group, Inc. (0001605607) (Filer)
Evercore ISI upgraded Paramount Group from In-line to Outperform and set a new price target of $8.00
Morgan Stanley downgraded Paramount Group from Equal-Weight to Underweight and set a new price target of $3.25
Evercore ISI upgraded Paramount Group from Underperform to In-line and set a new price target of $5.00
BofA Securities downgraded Paramount Group from Neutral to Underperform and set a new price target of $4.00 from $5.00 previously
BofA Securities resumed coverage of Paramount Group with a rating of Neutral and set a new price target of $5.50
Morgan Stanley downgraded Paramount Group from Overweight to Equal-Weight and set a new price target of $6.50 from $8.00 previously
Evercore ISI downgraded Paramount Group from In-line to Underperform and set a new price target of $6.50 from $8.00 previously
BTIG Research downgraded Paramount Group from Buy to Neutral
Morgan Stanley reiterated coverage of Paramount Group with a rating of Overweight and set a new price target of $14.00 from $10.50 previously
Mizuho upgraded Paramount Group from Neutral to Buy and set a new price target of $10.50 from $11.00 previously
Paramount Group, Inc. (NYSE:PGRE) ("Paramount" or the "Company") announced today that it has appointed Paula Sutter to its Board of Directors (the "Board") as an independent director, effective immediately. With the addition of Ms. Sutter, Paramount's Board now comprises ten members, nine of whom are independent. "Paula is a highly experienced business executive who brings added depth and perspective to our Board of Directors," said Albert Behler, Chairman, Chief Executive Officer and President of Paramount Group. "Her appointment is also in keeping with our commitment to increase the number of women on the Board. Paula will be a valuable addition to the Board and we look forward to workin
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