STOCK TITAN

Paramount Achieves GRESB 5 Star Rating for Sixth Consecutive Year

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags

Paramount Group (NYSE: PGRE) has achieved a 5 Star rating in the 2024 GRESB Real Estate Assessment for the sixth consecutive year. The company emerged as a top performer among over 2,200 global real estate participants and received Sector Leader status in the Office/Americas category. Paramount outperformed the GRESB average score by 21% and improved upon its 2023 score. The company also achieved an 'A' rating in GRESB's Public Disclosure assessment, surpassing the global average score of 'B', demonstrating strong data transparency and stakeholder engagement practices.

Paramount Group (NYSE: PGRE) ha ottenuto una valutazione di 5 Stelle nella GRESB Real Estate Assessment 2024 per il sesto anno consecutivo. L'azienda si è classificata come una dei migliori performer tra oltre 2.200 partecipanti globali nel settore immobiliare, ricevendo lo status di Leader di Settore nella categoria Uffici/Americhe. Paramount ha superato il punteggio medio GRESB del 21% e ha migliorato il proprio punteggio del 2023. Inoltre, l'azienda ha ottenuto una valutazione 'A' nella valutazione sulla Pubblica Comunicazione di GRESB, superando il punteggio medio globale di 'B', dimostrando una forte trasparenza dei dati e pratiche efficaci di coinvolgimento degli stakeholder.

Paramount Group (NYSE: PGRE) ha logrado una calificación de 5 Estrellas en la Evaluación de Bienes Raíces GRESB 2024 por sexto año consecutivo. La compañía se destacó como uno de los mejores desempeños entre más de 2.200 participantes globales en el sector inmobiliario y recibió el estatus de Líder de Sector en la categoría Oficinas/Américas. Paramount superó el puntaje promedio de GRESB en un 21% y mejoró su puntaje de 2023. La empresa también obtuvo una calificación 'A' en la evaluación de Divulgación Pública de GRESB, superando el puntaje promedio global de 'B', lo que demuestra una fuerte transparencia de datos y prácticas de compromiso con los interesados.

파라마운트 그룹 (NYSE: PGRE)는 2024 GRESB 부동산 평가에서 6년 연속 5성급 평가를 달성했습니다. 이 회사는 2,200개 이상의 글로벌 부동산 참가자 중 최상위 성과를 내며 사무실/미주 카테고리에서 섹터 리더 지위를 획득했습니다. 파라마운트는 GRESB 평균 점수를 21% 초과 달성했으며 2023년 점수를 개선했습니다. 또한 이 회사는 GRESB의 공공 공개 평가에서 'A' 등급을 받으며 글로벌 평균 점수인 'B'를 초과 달성하였으며, 데이터 투명성과 이해관계자 참여 관행이 높음을 보여주었습니다.

Paramount Group (NYSE: PGRE) a atteint une note de 5 étoiles dans l'évaluation immobilière GRESB 2024 pour la sixième année consécutive. L'entreprise s'est distinguée comme l'un des meilleurs performeurs parmi plus de 2.200 participants immobiliers mondiaux et a reçu le statut de Leader de Secteur dans la catégorie Bureau/Amériques. Paramount a dépassé le score moyen de GRESB de 21 % et a amélioré son score de 2023. L'entreprise a également obtenu une note 'A' dans l'évaluation de la divulgation publique de GRESB, dépassant le score global moyen de 'B', démontrant une forte transparence des données et des pratiques d'engagement des parties prenantes.

Paramount Group (NYSE: PGRE) hat im GRESB Immobilienbewertung 2024 zum sechsten Mal in Folge eine 5-Sterne-Bewertung erzielt. Das Unternehmen zeichnete sich als einer der besten Anbieter unter mehr als 2.200 globalen Immobilienbeteiligten aus und erhielt den Status Sektorleiter in der Kategorie Büro/USA. Paramount übertraf den GRESB-Durchschnittswert um 21% und verbesserte seinen Wert aus dem Jahr 2023. Das Unternehmen erzielte zudem eine Bewertung 'A' in der GRESB-Bewertung der öffentlichen Offenlegung und übertraf den globalen Durchschnittswert von 'B', was eine starke Datentransparenz und effektive Praktiken zur Einbindung der Stakeholder zeigt.

Positive
  • Achieved highest GRESB 5 Star rating for sixth consecutive year
  • Outperformed GRESB average score by 21%
  • Received 'Sector Leader' status in Office/Americas category
  • Achieved 'A' rating in GRESB Public Disclosure assessment
  • Improved performance despite 23% increase in evaluated assets
Negative
  • None.

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 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 strategy,” said Wilbur Paes, Paramount’s Chief Operating Officer, Chief Financial Officer, and Treasurer. “We balance incremental action with proactive preparedness to maintain a portfolio of high performing, energy efficient assets.”

Paramount also achieved an “A” on GRESB’s Public Disclosure rating, which is a secondary assessment issued by GRESB that evaluates data transparency and stakeholder engagement practices. By publishing accessible, quality data that is available to investors and shareholders, Paramount surpassed the GRESB global average score of “B.”

“Paramount’s score improvement in 2024 is impressive given a 23% increase in assets evaluated, coupled with investor-driven advances in methodology,” said Dan Winters, Senior Director for GRESB. “Consistent, high performance on GRESB year over year demonstrates Paramount’s ESG leadership, active management of investment risks and opportunities, and commitment to responsible operations.”

Additional details about Paramount’s ESG program can be found within the Company’s 2023 ESG Report and at pgre.com/sustainability.

About Paramount Group, Inc.

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.

About GRESB

GRESB is a mission-driven and industry-led organization providing standardized and validated Environmental, Social and Governance (ESG) data to financial markets. Established in 2009, GRESB has become the leading ESG benchmark for real estate and infrastructure investments across the world, used by 170 institutional and financial investors to inform decision-making. For more information, visit GRESB.com.

Wilbur Paes

Chief Operating Officer, Chief Financial Officer, and Treasurer

212-237-3122

ir@pgre.com

Tom Hennessy

Vice President, Investor Relations and Business Development

212-237-3138

ir@pgre.com

Media:

212-492-2285

pr@pgre.com

https://www.gresb.com/nl-en/2024-real-estate-assessment-results/

https://www.gresb.com/nl-en/gresb-public-results/

Source: Paramount Group, Inc.

FAQ

What GRESB rating did Paramount Group (PGRE) receive in 2024?

Paramount Group (PGRE) received a 5 Star rating in the 2024 GRESB Real Estate Assessment, which is GRESB's highest rating.

How did Paramount Group (PGRE) perform compared to the GRESB average in 2024?

Paramount Group outperformed the GRESB average score by 21% in the 2024 assessment.

What was Paramount Group's (PGRE) Public Disclosure rating in the 2024 GRESB assessment?

Paramount Group received an 'A' rating in GRESB's Public Disclosure assessment, exceeding the global average score of 'B'.

PARAMOUNT GROUP, INC.

NYSE:PGRE

PGRE Rankings

PGRE Latest News

PGRE Stock Data

1.06B
182.90M
15.92%
66.52%
1.23%
REIT - Office
Real Estate Investment Trusts
Link
United States of America
NEW YORK