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) 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%.
Paramount Group, Inc. (NYSE: PGRE) will file its quarterly report on Form 10-Q for the period ended June 30, 2022, on July 26, 2022, after market close. The second quarter 2022 financial results will be discussed in a conference call on July 27, 2022, at 12:00 p.m. ET, which will include a Q&A session with analysts. The conference call can be accessed through a dedicated phone line or via a live audio webcast on their website. A replay will be available shortly after the call.
Paramount Group, Inc. (NYSE: PGRE) has declared a quarterly cash dividend of