Paramount Group, Inc. Stock News

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“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. The Company was a top performer among over 2,200 global real estate participants and received “Sector Leader” status within the Offi...

Five US real estate investment trusts have suspended dividends so far this year, while six other REITs have lowered regular dividend payouts. The activity contrasts with the more than one-third of the US REIT industry that have raised dividends during the first three quarters of 2024. Shopping center landlord SITE Centers Corp. was the most recent addition to the list of REITs that suspended di...

Paramount Group, Inc. (NYSE:PGRE ) Q3 2024 Earnings Call October 31, 2024 10:00 AM ET Company Participants Tom Hennessy - Vice President, Business Development and Investor Relations Albert Behler - Chairman, Chief Executive Officer and President Wilbur Paes - Chief Operating Officer, Chief Financial Officer and Treasurer Peter Brindley - Executive Vice President and Head, Real Estate Conference...

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 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. The C...

Paramount Group suspended its quarterly dividend for cash savings to better address its upcoming maturities. The REIT is trading for just 4x its free cash flow with a total debt of $3.6 billion, set to see its burden lessened by the Fed's rate cuts. Rate cuts will also enhance investor sentiment, with a recovery of the REIT's valuation from its 5-year low possible through the next year.

Following their worst week since mid-2023, U.S. equity markets rebounded this week while benchmark interest rates dipped to two-year lows as investors parsed a relatively encouraging slate of inflation data. The critical CPI and PPI reports showed that - excluding the dubious shelter component - consumer and producer price pressures now appear well-contained, following the painful pandemic-era ...

Paramount Group (PGRE) shares edged higher Friday as the real estate investment trust (REIT) that specializes in commercial properties suspended its regular quarterly dividend of $0.035 that was to be paid Oct. 15.

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“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 inc...