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19.05.25 - 14:36
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Paramount Announces Review of Strategic Alternatives to Maximize Shareholder Value and Management Transition (Business Wire)
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NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that its Board of Directors has initiated a review and evaluation of strategic alternatives to maximize shareholder value. The announcement follows a successful first quarter marked by strong leasing activity.
Albert Behler, Chairman, Chief Executive Officer and President, said, “As Paramount continues to build on the strong leasing momentum from the first quarter, the Board and management team remain focused on closing the persistent gap between the Company's public market valuation and our assessment of its intrinsic value. We are committed to acting in the best interests of our shareholders as we evaluate a comprehensive range of strategic alternatives to maximize shareholder value.”
The Company has engaged BofA Securities as its financial advisor and Latham & Watkins LLP as its legal advisor to work with the Company and a Transaction Committee of the Board, comprised of independent...
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30.04.25 - 22:21
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Paramount Announces First Quarter 2025 Results (Business Wire)
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NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 today and reported results for the first quarter.
First Quarter Highlights:
Results of Operations:
Reported net loss attributable to common stockholders of $10.0 million, or $0.05 per share, for the first quarter of 2025, compared to net income attributable to common stockholders of $9.9 million, or $0.05 per share, for the first quarter of 2024. Net income attributable to common stockholders for the first quarter of 2024 includes a $14.1 million, or $0.07 per share, non-cash gain on extinguishment of a tax liability related to the Company's initial public offering.
Reported Core Funds from Operations (“Core FFO”) attributable to common stockholders of $37.9 million, or $0.17 per share, for the first quarter of 2025, compared to $47.9 million, or $0.22 per share, for the first quarter of 2024.
Reported a 5.4% decrease in Same...
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10.04.25 - 22:21
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Paramount Announces Release Date for First Quarter 2025 Results (Business Wire)
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NEW YORK--(BUSINESS WIRE)--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 March 31, 2025 with the U.S. Securities and Exchange Commission and release its first quarter 2025 financial results on Wednesday, April 30, 2025 after the end of trading on the New York Stock Exchange.
The Company will host a conference call and audio webcast on Thursday, May 1, 2025 at 10:00 a.m. Eastern Time (ET), during which management will discuss the first quarter results and provide commentary on business performance. A question and answer session with analysts and investors will follow the prepared remarks.
The conference call can be accessed by dialing 877-407-0789 (domestic) or 201-689-8562 (international). An audio replay of the conference call will be available from 1:00 p.m. ET on May 1, 2025 through May 8, 2025 and can be accessed by dialing 844-512-2921 (domestic) or 412-317-6671 (international) and en...
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25.03.25 - 16:30
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Are Investors Undervaluing Paramount Group (PGRE) Right Now? (Zacks)
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks....
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27.02.25 - 22:18
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Paramount Announces Fourth Quarter 2024 Results (Business Wire)
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– Initiates Guidance for Full Year 2025 –NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) filed its Annual Report on Form 10-K for the year ended December 31, 2024 today and reported results for the fourth quarter ended December 31, 2024.
Fourth Quarter Highlights:
Results of Operations:
Reported net loss attributable to common stockholders of $38.6 million, or $0.18 per diluted share, for the quarter ended December 31, 2024, compared to $205.6 million, or $0.95 per diluted share, for the quarter ended December 31, 2023. Net loss attributable to common stockholders for the quarter ended December 31, 2024 includes $30.9 million, or $0.14 per diluted share, for our share of non-cash real estate impairment losses related to investments in unconsolidated joint ventures. Net loss attributable to common stockholders for the quarter ended December 31, 2023 includes (i) $185.0 million, or $0.85 per diluted share, for our share of non-cash real estate impairm...
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04.02.25 - 22:21
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Paramount Announces Release Date for Fourth Quarter 2024 Results (Business Wire)
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NEW YORK--(BUSINESS WIRE)--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, 2024 with the U.S. Securities and Exchange Commission and release its fourth quarter 2024 financial results on Thursday, February 27, 2025 after the close of trading on the New York Stock Exchange.
The Company will host a conference call and audio webcast on Friday, February 28, 2025 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.
The conference call can be accessed by dialing 877-407-0789 (domestic) or 201-689-8562 (international). An audio replay of the conference call will be available from 1:00 p.m. ET on February 28, 2025 through March 7, 2025 and can be accessed by dialing 844-512-2921 (domestic) or 412-317-6671 (intern...
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21.01.25 - 22:21
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Paramount Announces Tax Treatment of 2024 Common Stock Dividends (Business Wire)
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NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) today announced the 2024 tax treatment of its common stock dividends as described below. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Paramount's dividends.
Common Shares (CUSIP #69924R108)
Record Date
Payable Date
Total Dividends Per Share
Total Dividends Allocable to 2024
2024 Taxable Ordinary Dividends (1)
Total Capital Gain Distribution
Total Section 1250 Unrecaptured Gain
2024 Non-taxable Dividend (Return of Capital)
12/29/2023
01/12/2024
$
0.035000
$
0.035000
$
0.019610
$
0.000000
$
0.000000
$
0.015390
03/28/2024
04/15/2024
0.035000
0.035000
0.019610
0.000000
0.000000
0.015390
06/28/2024
07/15/2024
0.035000
0.035000
0.019610
0.000000
0.000000
0.01539...
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