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.
Paramount Group Inc (PGRE) maintains a focused portfolio of Class A office properties in New York City and San Francisco's central business districts. This page serves as the definitive source for PGRE-related news, offering investors and stakeholders immediate access to essential updates.
Track the REIT's latest developments including earnings reports, strategic acquisitions, property redevelopment initiatives, and leasing activity. Our curated collection ensures you stay informed about operational milestones and market positioning in the competitive urban real estate sector.
Discover official press releases alongside third-party analysis of PGRE's financial performance and asset management strategies. Content spans quarterly results, sustainability efforts, tenant retention programs, and leadership announcements relevant to commercial real estate investors.
Bookmark this page for streamlined access to PGRE's evolving story in premium office markets. Check regularly for updates impacting long-term rental income streams and asset valuation trends in key metropolitan areas.
Paramount Group, Inc. (PGRE) reported its 2022 financial results, showing a net loss of $37.9 million, or $0.17 per diluted share, compared to net income of $1.2 million in Q4 2021. The loss includes a $29.6 million real estate impairment from a joint venture. Core FFO rose to $54.4 million, or $0.25 per diluted share, up from $52.8 million or $0.24 per diluted share in Q4 2021. For the year, net loss was $36.4 million, while FFO was $210.1 million, or $0.95 per diluted share. The company expects 2023 Core FFO guidance between $0.88 and $0.94 per share, influenced by anticipated lease expirations and increased debt costs.
Paramount Group, Inc. (NYSE: PGRE) announced its plan to file the annual report on Form 10-K for the fiscal year ending December 31, 2022, along with the fourth quarter financial results to be released on February 15, 2023, after NYSE trading hours. A conference call will be held on February 16, 2023, at 10:00 a.m. ET to discuss these results, followed by a Q&A session. The call can be accessed domestically at 877-407-0789 and internationally at 201-689-8562. An audio replay will be available from February 16 through February 23, 2023. The event will also be webcast live on the company's website.
Paramount Group, Inc. (NYSE: PGRE) disclosed the tax treatment of its 2022 common stock dividends. The quarterly cash dividend of
Paramount Group, Inc. (NYSE: PGRE) has declared a quarterly cash dividend of $0.0775 per share for Q4 2022. The dividend, for the period from October 1, 2022 to December 31, 2022, will be payable on January 13, 2023. Stockholders of record as of December 30, 2022 will receive this payment. Paramount is a real estate investment trust focusing on prime office properties in New York City and San Francisco, aiming to enhance portfolio value through strategic management and location advantages.
Paramount Group, Inc. (NYSE: PGRE) achieved a 5 Star rating in the 2022 GRESB Real Estate Assessment, placing it in the top 20% of 1,820 global entities. Despite a 20% growth in participation, Paramount maintained its market-leading performance and surpassed the average GRESB score by 16 points. Additionally, Paramount received an 'A' for its Public Disclosure Survey, indicating high transparency in ESG disclosures. This recognition reflects the company's commitment to ESG principles, which are central to its business strategy and growth.
Paramount Group, Inc. (NYSE: PGRE) reported a net loss of $1.5 million for Q3 2022, an improvement from a loss of $2.1 million in Q3 2021. Core FFO rose to $54.2 million ($0.24 per diluted share) from $50.1 million ($0.23 per diluted share) year-over-year. The Company updated its 2022 guidance, projecting net income per share between $0.00 and $0.02 and Core FFO between $0.96 and $0.98. Same Store NOI increased by 6.3% compared to the previous year. The Company repurchased shares totaling $41.7 million by October 2022.
Paramount Group, Inc. (NYSE: PGRE) will file its quarterly report on Form 10-Q for the period ending
Paramount Group, Inc. (NYSE: PGRE) has declared a quarterly cash dividend of $0.0775 per share of common stock, covering the period from July 1, 2022 to September 30, 2022. This dividend will be payable on October 14, 2022, to stockholders of record by the close of business on September 30, 2022. Paramount Group is a fully integrated real estate investment trust focused on high-quality, Class A office properties in New York City and San Francisco.
Paramount Group (NYSE: PGRE) has signed a significant 15-year lease for 142,000 square feet with esteemed law firm O'Melveny & Myers LLP at 1301 Avenue of the Americas in Midtown Manhattan. This transaction mitigates the risk of an impending lease expiration for Credit Agricole in February 2023. Over the last year, Paramount has successfully executed leases totaling over 450,000 square feet at this location, showcasing its strong appeal and strategic tenant acquisition.
Paramount Group reported a net loss of $0.4 million for Q2 2022, significantly improved from a loss of $15.9 million in Q2 2021. Core Funds from Operations (Core FFO) increased to $53.6 million ($0.24 per share) from $47.6 million ($0.22 per share) year-over-year. The company raised its 2022 earnings guidance, estimating a net loss of $0.01 to income of $0.03 per share, improved from prior estimates. Same Store Cash NOI grew by 5.6%, and same-store NOI rose by 9.0%. The company leased 250,231 square feet, with an occupancy increase to 91.4%.
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