Articles from Paramount Group, Inc.

Paramount Group, Inc. (NYSEPGRE) (“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.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) announced today that it has sold a 45% interest in 900 Third Avenue, a 600,000 square foot Class A office building located on Third Avenue between 54th and 55th Streets in Midtown Manhattan, at a gross asset valuation of $210 million. Paramount will continue to own the remaining 55% interest and manage and lease the property.

Paramount Group, Inc. (NYSEPGRE) (“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.

Paramount Group, Inc. (NYSEPGRE) (“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.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) filed its Quarterly Report on Form 10-Q for the quarter ended September 30, 2024 today and reported results for the third quarter ended September 30, 2024.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) announced today that it will file its quarterly report on Form 10-Q for the quarter ended September 30, 2024 with the U.S. Securities and Exchange Commission and release its third quarter 2024 financial results on Wednesday, October 30, 2024 after the end of trading on the New York Stock Exchange.

Paramount Group, Inc. (NYSEPGRE) (“Paramount”) announced today that its board of directors suspended the Company’s regular quarterly dividend that would have otherwise been payable on October 15, 2024. During 2024, Paramount paid three regular quarterly dividends aggregating $0.1050 per share of common stock, which approximates 100% of its estimated 2024 taxable income.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 today and reported results for the second quarter ended June 30, 2024.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) announced today that it will file its quarterly report on Form 10-Q for the quarter ended June 30, 2024 with the U.S. Securities and Exchange Commission and release its second quarter 2024 financial results on Wednesday, July 31, 2024 after the end of trading on the New York Stock Exchange.

Paramount Group, Inc. (NYSEPGRE) (“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 April 1, 2024 to June 30, 2024. The dividend will be payable on July 15, 2024, to stockholders of record as of the close of business on June 28, 2024.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 today and reported results for the first quarter ended March 31, 2024.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) announced today that it will file its quarterly report on Form 10-Q for the quarter ended March 31, 2024 with the U.S. Securities and Exchange Commission and release its first quarter 2024 financial results on Wednesday, May 1, 2024 after the end of trading on the New York Stock Exchange.

Paramount Group, Inc. (NYSEPGRE) (“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.

Paramount Group, Inc. (NYSEPGRE) (“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.

Paramount Group, Inc. (NYSEPGRE) (“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 Group, Inc. (NYSEPGRE) (“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.

Paramount Group, Inc. (NYSEPGRE) (“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.

Paramount Group, Inc. (NYSEPGRE) (“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.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) today announced the 2023 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.

Paramount Group, Inc. (NYSEPGRE) (“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 Group, Inc. (NYSEPGRE) (“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.

Paramount Group, Inc. (NYSEPGRE) (“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.

Paramount Group, Inc. (NYSEPGRE) (“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.

Paramount Group, Inc. (NYSEPGRE) (“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 July 1, 2023 to September 30, 2023. The dividend will be payable on October 13, 2023, to stockholders of record as of the close of business on September 29, 2023.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2023 today and reported results for the second quarter ended June 30, 2023.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) announced today that it has rescheduled its second quarter 2023 conference call and audio webcast from Tuesday, August 1, 2023 at 10:00 a.m. Eastern Time (ET) to 9:00 a.m. ET on the same day. As previously disclosed, the Company still intends to file its quarterly report on Form 10-Q for the quarter ended June 30, 2023 with the U.S. Securities and Exchange Commission and release its second quarter 2023 financial results on Monday, July 31, 2023 after the end of trading on the New York Stock Exchange.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) announced today that it will file its quarterly report on Form 10-Q for the quarter ended June 30, 2023 with the U.S. Securities and Exchange Commission and release its second quarter 2023 financial results on Monday, July 31, 2023 after the end of trading on the New York Stock Exchange.

Paramount Group, Inc. (NYSEPGRE) (“Paramount”) announced today that its board of directors has declared a reduced quarterly cash dividend of $0.035 per share of common stock (a new indicated annual rate of $0.14 per share), for the period from April 1, 2023 to June 30, 2023. The dividend will be payable on July 14, 2023, to stockholders of record as of the close of business on June 30, 2023. The reduced dividend will enable Paramount to retain an additional $40 million of cash annually, further enhancing Paramount’s already strong financial position.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 today and reported results for the first quarter ended March 31, 2023.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) announced today that it will file its quarterly report on Form 10-Q for the quarter ended March 31, 2023 with the U.S. Securities and Exchange Commission and release its first quarter 2023 financial results on Wednesday, May 3, 2023 after the end of trading on the New York Stock Exchange.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) announced today that it signed a 16.5-year, 119,000 square foot lease with Wilson Sonsini Goodrich & Rosati (“Wilson Sonsini”), an internationally acclaimed law firm, at 31 West 52nd Street, a 768,000 square-foot trophy office building, located in Midtown Manhattan.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) is proud to announce that it has achieved the 2023 ENERGY STAR Partner of the Year Award from the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy. Paramount was selected from a network of thousands of ENERGY STAR partners, distinguishing the Company as a leader in the sustainability space.

Paramount Group, Inc. (NYSEPGRE) (“Paramount”) announced today that its board of directors has declared a regular quarterly cash dividend of $0.0775 per share of common stock for the period from January 1, 2023 to March 31, 2023. The dividend will be payable on April 14, 2023, to stockholders of record as of the close of business on March 31, 2023.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) filed its Annual Report on Form 10-K for the year ended December 31, 2022 today and reported results for the fourth quarter ended December 31, 2022.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) announced today that it will file its annual report on Form 10-K for the year ended December 31, 2022 with the U.S. Securities and Exchange Commission and release its fourth quarter 2022 financial results on Wednesday, February 15, 2023 after the end of trading on the New York Stock Exchange.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) today announced the 2022 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.

Paramount Group, Inc. (NYSEPGRE) (“Paramount”) announced today that its board of directors has declared a regular quarterly cash dividend of $0.0775 per share of common stock for the period from October 1, 2022 to December 31, 2022. The dividend will be payable on January 13, 2023, to stockholders of record as of the close of business on December 30, 2022.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) announced today that it achieved a 5 Star rating in the 2022 GRESB Real Estate Assessment. This is the highest GRESB rating that distinguishes Paramount’s ESG performance in the top 20% among the 1,820 entities that responded globally. Benchmarked against 150,000 assets across 74 countries, these results demonstrate Paramount’s position as a leader in the real estate industry.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) filed its Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 today and reported results for the third quarter ended September 30, 2022.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) announced today that it will file its quarterly report on Form 10-Q for the quarter ended September 30, 2022 with the U.S. Securities and Exchange Commission and release its third quarter 2022 financial results on Wednesday, October 26, 2022 after the end of trading on the New York Stock Exchange.

Paramount Group, Inc. (NYSEPGRE) (“Paramount”) announced today that its board of directors has declared a regular quarterly cash dividend of $0.0775 per share of common stock for the period from July 1, 2022 to September 30, 2022. The dividend will be payable on October 14, 2022, to stockholders of record as of the close of business on September 30, 2022.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) announced today that it signed a 15-year, 142,000 square foot lease with O’Melveny & Myers LLP (“OMM”), an internationally acclaimed law firm, at 1301 Avenue of the Americas, a 1.7 million square-foot trophy office building, located between 52nd and 53rd Streets in Midtown Manhattan.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2022 today and reported results for the second quarter ended June 30, 2022.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) announced today that it has appointed Paula Sutter to its Board of Directors (the “Board”) as an independent director, effective immediately. With the addition of Ms. Sutter, Paramount’s Board now comprises ten members, nine of whom are independent.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) announced today that it will file its quarterly report on Form 10-Q for the quarter ended June 30, 2022 with the U.S. Securities and Exchange Commission and release its second quarter 2022 financial results on Tuesday, July 26, 2022 after the end of trading on the New York Stock Exchange.

Paramount Group, Inc. (NYSEPGRE) (“Paramount”) announced today that its board of directors has declared a regular quarterly cash dividend of $0.0775 per share of common stock for the period from April 1, 2022 to June 30, 2022. The dividend will be payable on July 15, 2022, to stockholders of record as of the close of business on June 30, 2022.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) announced today that SVB Securities, a subsidiary of SVB and a leading investment bank specializing in healthcare and technology, has expanded at 1301 Avenue of the Americas signing a 68,183 square foot lease for the entire 5th floor. This lease increases SVB Securities’ commitment at 1301 Avenue of the Americas to 139,176 square feet. 1301 Avenue of the Americas is a 1.7 million square-foot trophy office building, located between 52nd and 53rd Streets in Midtown Manhattan.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) is proud to announce that it has achieved the 2022 ENERGY STAR Partner of the Year Award from the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy. Winners of this coveted award are selected from a network of thousands of ENERGY STAR partners and are recognized for demonstrating superior leadership, innovation, and commitment to sustainability.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2022 today and reported results for the first quarter ended March 31, 2022.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) announced today that it will file its quarterly report on Form 10-Q for the quarter ended March 31, 2022 with the U.S. Securities and Exchange Commission and release its first quarter 2022 financial results on Wednesday, April 27, 2022 after the end of trading on the New York Stock Exchange.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) announced today that 111 Sutter Street has achieved LEED (Leadership in Energy and Environmental Design) Platinum and was San Francisco’s highest scoring LEED Project in 2021. The USGBC’s (U.S. Green Building Council) LEED certification is among the most esteemed sustainable building recognition programs globally.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) today announced that its Board of Directors has unanimously rejected an unsolicited, non-binding proposal received from Monarch Alternative Capital LP (“Monarch”) to acquire all of the Company’s outstanding common stock for $12.00 per share in cash.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) today confirmed that it has received an unsolicited, non-binding proposal from Monarch Alternative Capital LP to acquire all of the Company’s outstanding common stock for $12.00 per share in cash.

Bayerische Versorgungskammer (“BVK”) and Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) announced today that they have formed a joint venture and acquired a retail condominium at 1600 Broadway for $191.5 million from Sherwood Equities. The 26,000 square foot retail property, which is located in the heart of Times Square, is 100% leased to Mars, Inc. and serves as the flagship location for M&M’s World. In connection with the acquisition, the joint venture obtained a 10-year, $98.0 million interest-only loan that has a fixed rate of 3.45%. Paramount owns a 9.2% stake in the property and will serve as the manager of the asset.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) announced today that world-renowned restaurant Din Tai Fung has signed a 15-year lease covering approximately 26,400 square feet for its Michelin Star rated restaurant at 1633 Broadway, Paramount’s 48-story, 2.5 million square foot, trophy office tower located between 50th and 51st Street in Midtown Manhattan.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) filed its Annual Report on Form 10-K for the year ended December 31, 2021 today and reported results for the fourth quarter ended December 31, 2021.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) announced today that it has achieved 2021 ENERGY STAR labels across 100% of its office portfolio, spanning 11.3 million square feet. The U.S. Environmental Protection Agency’s (EPA’s) ENERGY STAR certification signifies that Paramount’s assets perform within the top 25 percent for energy efficiency when compared to similar buildings nationwide.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) announced today that it will file its annual report on Form 10-K for the year ended December 31, 2021 with the U.S. Securities and Exchange Commission and release its fourth quarter 2021 financial results on Tuesday, February 22, 2022 after the end of trading on the New York Stock Exchange.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) today announced the 2021 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.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) announced today that it has refinanced its existing senior unsecured revolving credit facility with a new $750 million senior unsecured revolving credit facility that matures in March 2026, with two six-month extension options. The interest rate on the new facility is 115 basis points over the secured overnight financing rate (SOFR) with adjustments based on the term of advances, plus a facility fee of 20 basis points.

Paramount Group, Inc. (NYSEPGRE) (“Paramount”) announced today that its board of directors has declared a regular quarterly cash dividend of $0.07 per share of common stock for the period from October 1, 2021, to December 31, 2021. The dividend will be payable on January 14, 2022, to stockholders of record as of the close of business on December 31, 2021.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) filed its Quarterly Report on Form 10-Q for the quarter ended September 30, 2021 today and reported results for the third quarter ended September 30, 2021.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) announced today that it achieved a 5 Star rating in the 2021 GRESB Real Estate Assessment. This is the highest GRESB rating that distinguishes Paramount’s ESG performance in the top 20% among the 1,520 companies and funds that responded globally.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) announced today that it will file its quarterly report on Form 10-Q for the quarter ended September 30, 2021 with the U.S. Securities and Exchange Commission and release its third quarter 2021 financial results on Wednesday, October 27, 2021 after the end of trading on the New York Stock Exchange.

Paramount Group, Inc. (NYSEPGRE) (“Paramount”) announced today that its board of directors has declared a regular quarterly cash dividend of $0.07 per share of common stock for the period from July 1, 2021, to September 30, 2021. The dividend will be payable on October 15, 2021, to stockholders of record as of the close of business on September 30, 2021.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) announced today that it signed leases aggregating 279,000 square feet at 1301 Avenue of the Americas, a 1.7 million square-foot trophy office building, located between 52nd and 53rd Streets in Midtown Manhattan.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) announced today that it has completed an $860 million refinancing of 1301 Avenue of the Americas, a 1.7 million square-foot trophy office building, located between 52nd and 53rd Streets in Midtown Manhattan, that is currently 71.5% leased.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2021 today and reported results for the second quarter ended June 30, 2021.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) announced today that it has rescheduled its second quarter 2021 conference call and audio webcast from Wednesday, July 28, 2021 at 10:00 a.m. Eastern Time (ET) to 9:00 a.m. ET on the same day. As previously disclosed, the Company still intends to file its quarterly report on Form 10-Q for the quarter ended June 30, 2021 with the U.S. Securities and Exchange Commission and release its second quarter 2021 financial results on Tuesday, July 27, 2021 after the end of trading on the New York Stock Exchange.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) announced today that it will file its quarterly report on Form 10-Q for the quarter ended June 30, 2021 with the U.S. Securities and Exchange Commission and release its second quarter 2021 financial results on Tuesday, July 27, 2021 after the end of trading on the New York Stock Exchange.

Paramount Group, Inc. (NYSEPGRE) (“Paramount”) announced today that its board of directors has declared a regular quarterly cash dividend of $0.07 per share of common stock for the period from April 1, 2021 to June 30, 2021. The dividend will be payable on July 15, 2021 to stockholders of record as of the close of business on June 30, 2021.

Paramount Group, Inc.(NYSEPGRE) (“Paramount” or the “Company”) announced today that Albert Behler, Chairman, Chief Executive Officer and President, Wilbur Paes, Chief Operating Officer, Chief Financial Officer, and Treasurer, and Peter Brindley, Executive Vice President, Head of Real Estate, will participate in Nareit’s REITWeek: 2021 Virtual Investor Conference on Tuesday, June 8, 2021.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) is pleased to announce that it has become a Fitwel Champion, reflecting its strong commitment to create office environments that encourage health and wellness among tenants and employees. Paramount has achieved Fitwel certification across 10 properties aggregating approximately nine million square feet.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) announced today that subsequent to the end of the first quarter, it signed a 54,095 square foot lease with Bracewell LLP (“Bracewell”) at 31 West 52nd Street, a 29-story Class A trophy office tower located between 5th and 6th Avenue in Midtown Manhattan. Bracewell will occupy the entire 18th and 19th floors for an initial lease term of 16.1 years. The signing of this lease backfills over 40% of the upcoming vacancy, aggregating 131,000 square feet that is scheduled to expire on April 30, 2021.

Paramount Group, Inc. (NYSEPGRE) (“Paramount” or the “Company”) filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 today and reported results for the first quarter ended March 31, 2021.