PGRE
Paramount Group, Inc.6.59
+0.00+0%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
1.57BP/E (TTM)
-Basic EPS (TTM)
-0.44Dividend Yield
0.01%Recent Filings
8-K
Merger closes at $6.60/share
Paramount Group completed its merger with Rithm Capital subsidiaries on December 19, 2025, handing control to Rithm for $6.60 per share of common stock and equivalent cash for Operating Partnership units. Trading halted on NYSE; board and key officers resigned, replaced by Rithm executives. Company delisting follows. Public shareholders cashed out.
8-K
Stockholders approve Rithm merger
Paramount Group stockholders overwhelmingly approved the merger with Rithm Capital subsidiaries on December 16, 2025, with 168.8 million for versus 7.5 million against, clearing the key hurdle for the dual Partnership and Company mergers outlined in the September 17 agreement. Advisory pay for executives tanked, drawing 118.4 million against votes. Deal advances now.
8-K
Rejects inferior $6.95 bid
Paramount Group received a non-binding $6.95 per share cash bid from Sponsor A on December 8, 2025, eight days before the special meeting on its Rithm Capital merger. The board swiftly rejected it as inferior—lacking committed financing, full specific performance, and deal certainty—versus Rithm's terms. Board reaffirmed Rithm recommendation. Risks persist from litigation and closing uncertainties.
8-K
Merger bonuses approved
Paramount Group board approved $5M in transaction bonuses for key employees, including $950,000 each to EVP Peter Brindley and CFO Ermelinda Berberi, payable at Rithm merger closing or June 30, 2026, if employed. Non-employee directors got $100,000 or $50,000 retainers for merger efforts. Bonuses tie retention to deal success amid pending acquisition.
8-K
Paramount merger and Q3 results
Paramount Group agreed on September 17, 2025, to a $1.6 billion cash buyout by Rithm Capital at $6.60 per share, eyeing a Q4 close pending shareholder nod. Q3 net loss hit $28.9 million amid $9.0 million merger costs, with Core FFO dipping to $31.5 million from $40.5 million last year; same-store NOI fell 12.0%. Yet leasing surged, securing 1.2 million square feet year-to-date. Merger hinges on approvals.
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