| Market Capitalization (Millions $) |
1,455 |
| Shares
Outstanding (Millions) |
221 |
| Employees |
329 |
| Revenues (TTM) (Millions $) |
723 |
| Net Income (TTM) (Millions $) |
-104 |
| Cash Flow (TTM) (Millions $) |
162 |
| Capital Exp. (TTM) (Millions $) |
149 |
Business Description
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
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