Welcome to our dedicated page for Paramount Group news (Ticker: PGRE), a resource for investors and traders seeking the latest updates and insights on Paramount Group stock.
This page provides a historical news archive for Paramount Group, Inc. (formerly NYSE: PGRE), a fully integrated real estate investment trust that owned, operated, managed, acquired and redeveloped high-quality, Class A office properties in select central business district submarkets of New York City and San Francisco. The company’s news flow documents its evolution from a standalone office REIT to a business that was ultimately acquired by Rithm Capital Corp.
News items for PGRE cover several key themes. Paramount’s earnings releases discuss quarterly and year-to-date results, including net income or loss, Funds From Operations (FFO), Core FFO, Same Store NOI and Same Store Cash NOI, along with detailed leasing statistics such as square footage leased, weighted average initial rents, lease terms, and tenant improvements and leasing commissions. Operational updates highlight leasing momentum across its New York City and San Francisco portfolios, including activity in second generation space and changes in same store leased occupancy.
Another important category of news relates to capital markets and portfolio activity. Paramount announced transactions such as the $900 million refinancing of 1301 Avenue of the Americas, a Class A office building in Midtown Manhattan, and the sale of a 25% equity interest in One Front Street, a Class A office building in San Francisco, including information about loan terms, use of proceeds and seller financing.
The archive also includes strategic and corporate developments, such as the board’s May 2025 decision to review strategic alternatives to maximize shareholder value and subsequent leadership changes. Later releases describe the Agreement and Plan of Merger with Rithm Capital Corp., the terms of the cash acquisition, and the shareholder approval process. Additional news highlights Paramount’s sustainability profile, including its repeated GRESB 5 Star ratings and “A” Public Disclosure score.
Together, these articles offer context on Paramount’s historical operating performance, portfolio management decisions and the steps that led to its acquisition and delisting. Investors and researchers can use this news history to understand how the PGRE story developed over time.
Paramount Group, Inc. (NYSE: PGRE) announced the rejection of an unsolicited acquisition proposal from Bow Street LLC, made on November 4, 2020, offering $9.50 to $10.00 per share. The Board deemed the proposal inadequate, asserting it significantly undervalues the company and its assets. The Board's decision followed extensive discussions with Bow Street, financial advice, and a review of the company's portfolio transformation amidst COVID-19's impact. Paramount's stock has risen by about 40% since vaccine news broke on November 9, 2020, emphasizing the potential for future value enhancement.
Paramount Group, Inc. (NYSE: PGRE) reported a net loss of $7.0 million, or $0.03 per diluted share, for Q3 2020, contrasting with a $7.1 million net income in Q3 2019. Core Funds from Operations (Core FFO) declined to $49.6 million from $58.5 million year-over-year. The company saw a 1.8% decrease in Same Store Cash Net Operating Income (NOI) but a 1.1% increase in Same Store NOI. Paramount leased 104,522 square feet with a positive mark-to-market, and maintained high rent collections at 97.5%. The company ended the quarter with $1.35 billion in liquidity and announced a $0.10 cash dividend.
Paramount Group, Inc. (NYSE: PGRE) will file its quarterly report on Form 10-Q for Q3 2020 on October 28, 2020, after market close. The company will also host a conference call on October 29, 2020, at 10:00 AM ET to discuss financial results and business performance. The call can be accessed by dialing 877-407-0789 for domestic calls or 201-689-8562 for international calls. A replay will be available from 1:00 PM ET on the same day through November 5, 2020. Paramount focuses on high-quality, Class A office properties in select areas of New York City and San Francisco.
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