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Paramount Group Inc   (PGRE)
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Price: $4.6100 $0.03 0.655%
Day's High: $4.67 Week Perf: -1.91 %
Day's Low: $ 4.54 30 Day Perf: 2.44 %
Volume (M): 2,897 52 Wk High: $ 5.92
Volume (M$): $ 13,353 52 Wk Avg: $4.70
Open: $4.60 52 Wk Low: $3.90



 Market Capitalization (Millions $) 1,001
 Shares Outstanding (Millions) 217
 Employees 230
 Revenues (TTM) (Millions $) 734
 Net Income (TTM) (Millions $) -139
 Cash Flow (TTM) (Millions $) -39
 Capital Exp. (TTM) (Millions $) 122

Paramount Group Inc
Paramount Group Inc is a leading real estate investment trust (REIT) that is headquartered in New York City. The company is focused on owning, operating, managing and investing in Class A office properties in select central business districts in major urban markets in the United States. Paramount Group Inc was founded in 1978 and was publicly listed on the New York Stock Exchange in 2014.

The company's portfolio consists of 13 high-quality office properties totaling approximately 14.5 million square feet. These properties are located in key markets such as New York City, San Francisco, and Washington D.C. Many of these properties are iconic landmarks that dominate their respective skylines, such as One Market Plaza in San Francisco and 1633 Broadway in New York.

One of Paramount Group's strengths is its focus on long-term leasing to high-quality tenants. This has resulted in a highly diversified tenant base, which includes leading companies in the finance, legal, and technology sectors. Some of Paramount Group's largest tenants include Morgan Stanley, American Express, and Salesforce.com. These long-term leases also provide the company with stable and predictable cash flows.

Another key aspect of Paramount Group's business model is its commitment to sustainability. The company has a strong track record of incorporating sustainable design features and strategies in its buildings, resulting in LEED certifications for several of its properties. Paramount Group also has a robust sustainability program that includes reducing its carbon footprint, conserving water and energy, and promoting sustainable practices across all its properties.

Paramount Group is led by a highly experienced management team with a strong track record of delivering strong results for its shareholders. The company has consistently grown its funds from operations (FFO) and dividend payouts, which currently yield a healthy8%. Paramount Group has also successfully executed on several strategic initiatives, including completing major renovations and redevelopments of its iconic properties.

In summary, Paramount Group Inc is a leading REIT with a highly diversified portfolio of Class A office properties in key urban markets in the United States. The company's focus on long-term leasing to high-quality tenants and its commitment to sustainability has resulted in stable and predictable cash flows and a strong track record of delivering value for shareholders.


   Company Address: 1633 Broadway New York 10019 NY
   Company Phone Number: 237-3100   Stock Exchange / Ticker: NYSE PGRE
    Next quarterly dividend pay out on April 15, 2024.


   

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Product Service News

Paramount Group Secures Major Lease with Citizens Bank, Bolstering Midtown Manhattan's Office Market

Published Mon, Mar 18 2024 12:00 PM UTC

Paramount Group Signs Major Lease with Citizens Bank at 1301 Avenue of the Americas, Boosting Occupancy and Highlighting the Strength of Midtown Manhattan's Office MarketParamount Group, Inc. (NYSE: PGRE), a leading real estate investment trust (REIT), recently announced the signing of a significant lease agreement with Citizens Bank, further solidifying the occupancy rate a...

Dividend

Paramount Group Inc. Declares $0.035 per Share Quarterly Dividend, Boosting Investor Confidence and Share Prices

Published Fri, Mar 15 2024 12:00 PM UTC

Paramount Group Inc. Declares Regular Quarterly Dividend, Boosting Investor Confidence
Paramount Group, Inc. (NYSE: PGRE) recently announced the declaration of 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, which is payable on April 15, 2024, has generated positive reactions from ...

Product Service News

Paramount Group Secures Futuristic Financial Boost to Propel One Market Plaza's Dominance in San Francisco's Real Estate Realm

Published Tue, Feb 6 2024 9:15 PM UTC

Paramount Group Modifies and Extends Loan at One Market Plaza, Cementing Its Dominance in San Francisco's Real Estate Market In a move that further solidifies its position as a key player in the real estate market, Paramount Group, Inc. (NYSE: PGRE) and its joint venture partner have announced the modification and extension of the existing mortgage loan at One Market Plaza. ...

Dividend

Paramount Announces Tax Treatment of 2023 Common Stock Dividends: Boosting Shares and Investor Confidence

Published Mon, Jan 22 2024 9:15 PM UTC



In a press release issued today, Paramount Group, Inc. (NYSE: PGRE) disclosed the tax treatment of its common stock dividends for the year 2023. Paramount shareholders are advised to consult with their personal tax advisors for a detailed understanding of how the dividends will be taxed. This announcement comes in the wake of Paramount Group Inc's dividend announce...

Dividend

Bright Spot Amid Volatility: Paramount Group Boosts Investor Confidence with Regular Quarterly Dividend Announcement

Published Fri, Dec 15 2023 1:00 PM UTC


Paramount Group, Inc. (NYSE:PGRE) announced today that it has declared a quarterly cash dividend of $0.035 per share of the common stock for the fourth quarter of the year 2023, that runs from October to December. To this announcement from Paramount Group, Inc., the NYSE-traded shares reacted by firmly climbing in market value and sees an uplift in investor confidence.<...






 

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