PGRE
Paramount Group, Inc.6.59
+0.00+0%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '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
8-K
8-K
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.
10-Q
Q3 FY2025 results
Paramount Group's Q3 revenues fell 11.2% y/y to $173M, driven by lower rental income from expiring leases like Google's at One Market Plaza, while operating expenses dipped slightly to $79M. The company posted a net loss of $30M, or $0.13 per diluted share—worse than last year's $4M loss—mainly due to $10M in merger-related costs for its pending deal with Rithm Capital. Cash from operations held at $83M YTD, bolstered by $900M refinancing at 1301 Avenue of the Americas, leaving $654M in cash and restricted cash against $3.7B in fixed-rate debt averaging 4.3%. Sold partial interests in 900 Third Avenue (Jan 2025, $94M net proceeds, cash/equity mix) and One Front Street (May 2025, $11.5M net, with $40.5M seller note at 5.5% over 2 years), both consolidated as VIEs. Yet regulatory scrutiny from an SEC probe into disclosures lingers.
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