Paramount Group

Paramount Earns 2024 ENERGY STAR® Partner of the Year Award

Retrieved on: 
Monday, April 1, 2024
Other Energy, Utilities, Alternative Energy, Commercial Building & Real Estate, Energy, Construction & Property, REIT, Organization, Paramount Group, Recognition, Paramount, Tenant, STAR, EPA, Partner, Risk management

Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) is proud to announce that it has achieved the 2024 ENERGY STAR Partner of the Year Award from the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy.

Key Points: 
  • Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) is proud to announce that it has achieved the 2024 ENERGY STAR Partner of the Year Award from the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy.
  • Paramount was honored among a select group of organizations for the company’s contributions to energy efficiency and the transition to a clean energy economy.
  • This year, Paramount achieved ENERGY STAR labels across 100% of its office portfolio, spanning 11.3 million square feet.
  • The company’s longstanding commitment to ENERGY STAR has yielded over 165 ENERGY STAR labels historically.

Paramount Signs 74,000 Square Foot Lease at 1301 Avenue of the Americas

Retrieved on: 
Monday, March 18, 2024
Commercial Building & Real Estate, Construction & Property, REIT, Avenue, Citizenship, Citizens Bank, Real estate, Paramount Group

Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it has signed a 74,000 square foot lease with Citizens at 1301 Avenue of the Americas, a 1.7 million square-foot Class A office building, located between 52nd and 53rd Streets in Midtown Manhattan.

Key Points: 
  • Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it has signed a 74,000 square foot lease with Citizens at 1301 Avenue of the Americas, a 1.7 million square-foot Class A office building, located between 52nd and 53rd Streets in Midtown Manhattan.
  • With this lease signing, the Company has made further progress leasing vacant space at 1301 Avenue of the Americas.
  • “This new lease builds on the momentum of recent leasing activity along Avenue of the Americas, and in our portfolio specifically.
  • Paramount Club, located at 1301 Avenue of the Americas, is a members only club created for corporate employees across our New York portfolio.

Paramount Declares Regular Quarterly Dividend

Retrieved on: 
Friday, March 15, 2024
Commercial Building & Real Estate, Construction & Property, REIT, Paramount Group

Paramount Group, Inc. (NYSE: PGRE) (“Paramount”) announced today that its board of directors has declared a regular quarterly cash dividend of $0.035 per share of common stock for the period from January 1, 2024 to March 31, 2024.

Key Points: 
  • Paramount Group, Inc. (NYSE: PGRE) (“Paramount”) announced today that its board of directors has declared a regular quarterly cash dividend of $0.035 per share of common stock for the period from January 1, 2024 to March 31, 2024.
  • The dividend will be payable on April 15, 2024, to stockholders of record as of the close of business on March 28, 2024.

Paramount Announces Fourth Quarter 2023 Results

Retrieved on: 
Wednesday, February 14, 2024
Commercial Building & Real Estate, Construction & Property, REIT, SVB Securities, FFO, Paramount Group, Annual report, Investment, One Front Street, Credit, Tenant, GAAP, JPMorgan Chase, Cryptocurrency

Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) filed its Annual Report on Form 10-K for the year ended December 31, 2023 today and reported results for the fourth quarter ended December 31, 2023.

Key Points: 
  • Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) filed its Annual Report on Form 10-K for the year ended December 31, 2023 today and reported results for the fourth quarter ended December 31, 2023.
  • Declared a fourth quarter cash dividend of $0.035 per common share on December 15, 2023, which was paid on January 12, 2024.
  • Same Store NOI decreased by $7.3 million, or 7.2%, to $94.1 million for the quarter ended December 31, 2023 from $101.4 million for the quarter ended December 31, 2022.
  • The Supplemental Information for the quarter ended December 31, 2023 can be found on the Company’s website at www.pgre.com .

Paramount Modifies and Extends Loan at One Market Plaza

Retrieved on: 
Tuesday, February 6, 2024
Commercial Building & Real Estate, Construction & Property, REIT, Paramount Group, Treasurer, Bank

Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that, together with its joint venture partner, it has modified and extended the existing mortgage loan at One Market Plaza, a 1.6 million square-foot two-building trophy asset in the South Financial District of San Francisco.

Key Points: 
  • Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that, together with its joint venture partner, it has modified and extended the existing mortgage loan at One Market Plaza, a 1.6 million square-foot two-building trophy asset in the South Financial District of San Francisco.
  • The existing $975 million loan, which bears interest at a fixed rate of 4.03%, was scheduled to mature on February 6, 2024.
  • In connection with the modification, the loan balance was reduced to $850 million, following a $125 million paydown by the joint venture.
  • “We are happy to announce the successful completion of this loan modification in a challenging capital markets environment.

Paramount Announces Release Date for Fourth Quarter 2023 Results

Retrieved on: 
Thursday, January 25, 2024
Commercial Building & Real Estate, Construction & Property, REIT, Form 10-K, Paramount Group, Annual report, Webcast

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, 2023 with the U.S. Securities and Exchange Commission and release its fourth quarter 2023 financial results on Wednesday, February 14, 2024 after the end of trading on the New York Stock Exchange.

Key Points: 
  • 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, 2023 with the U.S. Securities and Exchange Commission and release its fourth quarter 2023 financial results on Wednesday, February 14, 2024 after the end of trading on the New York Stock Exchange.
  • The Company will host a conference call and audio webcast on Thursday, February 15, 2024 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.
  • A live audio webcast of the conference call will be available through the “Investors” section of the Company’s website, www.pgre.com .

Paramount Declares Regular Quarterly Dividend

Retrieved on: 
Friday, December 15, 2023
Commercial Building & Real Estate, Construction & Property, REIT, Paramount Group, NYSE, Holding company

Paramount Group, Inc. (NYSE: PGRE) (“Paramount”) announced today that its board of directors has declared a regular quarterly cash dividend of $0.035 per share of common stock for the period from October 1, 2023 to December 31, 2023.

Key Points: 
  • Paramount Group, Inc. (NYSE: PGRE) (“Paramount”) announced today that its board of directors has declared a regular quarterly cash dividend of $0.035 per share of common stock for the period from October 1, 2023 to December 31, 2023.
  • The dividend will be payable on January 12, 2024, to stockholders of record as of the close of business on December 29, 2023.

Paramount Achieves GRESB 5 Star Rating for Fifth Consecutive Year

Retrieved on: 
Thursday, November 9, 2023
REIT, Environmental, Social and Governance (ESG), Professional Services, Commercial Building & Real Estate, Construction & Property, Paramount Group, Star, NYSE, Public disclosure, Management, ESG, Paramount

Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it achieved a 5 Star rating in the 2023 GRESB Real Estate Assessment.

Key Points: 
  • Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it achieved a 5 Star rating in the 2023 GRESB Real Estate Assessment.
  • Maintaining the highest GRESB rating for the fifth consecutive year is an impressive feat, especially given that survey participation increased in 2023 by 15% to include 2,084 listed and non-listed portfolios across 75 countries.
  • Paramount was a top performer within both the Management and Performance scoring categories from the GRESB module.
  • The objective of this rating is to enhance transparency so that investment decisions are backed by high-quality data, an area where Paramount excels.

Paramount Announces Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 1, 2023
REIT, Building Systems, Other Construction & Property, Commercial Building & Real Estate, Construction & Property, 1301 Avenue of the Americas, Paramount Group, NYSE, SVB Securities, Market Center, Disclosure, GAAP, Projection, Securities and Exchange Commission of Pakistan, FFO, Tenant, Mission Street, JPMorgan Chase, Credit, Depreciation, Rare-earth element, Cryptocurrency, Risk management, Pharmaceutical industry, Self storage, Lease, Clothing

Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) filed its Quarterly Report on Form 10-Q for the quarter ended September 30, 2023 today and reported results for the third quarter ended September 30, 2023.

Key Points: 
  • Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) filed its Quarterly Report on Form 10-Q for the quarter ended September 30, 2023 today and reported results for the third quarter ended September 30, 2023.
  • Reported net loss attributable to common stockholders of $8.4 million, or $0.04 per diluted share, for the quarter ended September 30, 2023, compared to $1.5 million, or $0.01 per diluted share, for the quarter ended September 30, 2022.
  • Declared a third quarter cash dividend of $0.035 per common share on September 15, 2023, which was paid on October 13, 2023.
  • Same Store NOI decreased by $10.5 million, or 10.3%, to $91.9 million for the quarter ended September 30, 2023 from $102.4 million for the quarter ended September 30, 2022.

Paramount Announces Release Date for Third Quarter 2023 Results

Retrieved on: 
Thursday, October 12, 2023
Commercial Building & Real Estate, Construction & Property, REIT, NYSE, Webcast, Paramount Group, Cryptocurrency

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, 2023 with the U.S. Securities and Exchange Commission and release its third quarter 2023 financial results on Wednesday, November 1, 2023 after the end of trading on the New York Stock Exchange.

Key Points: 
  • 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, 2023 with the U.S. Securities and Exchange Commission and release its third quarter 2023 financial results on Wednesday, November 1, 2023 after the end of trading on the New York Stock Exchange.
  • The Company will host a conference call and audio webcast on Thursday, November 2, 2023 at 9:00 a.m. Eastern Time (ET), during which management will discuss the third quarter results and provide commentary on business performance.
  • ET on November 2, 2023 through November 9, 2023 and can be accessed by dialing 844-512-2921 (domestic) or 412-317-6671 (international) and entering the passcode 13740770.
  • A live audio webcast of the conference call will be available through the “Investors” section of the Company’s website, www.pgre.com .