Paramount Group, Inc. (PGRE)

In the past six months, Paramount Group's stock price has been impacted by several events. The announcement of a merger agreement with Rithm Capital Corp. for $1.6 billion led to a stock price dip. The company completed a $900 million refinancing of its 1301 Avenue of the Americas property. Second-quarter 2025 results showed a net loss of $19.8 million, but the company raised its full-year core FFO and leasing guidance. The Board of Directors initiated a review of strategic alternatives to maximize shareholder value. First-quarter 2025 financial results showed a net loss of $10.0 million, but highlighted strong leasing momentum, particularly in New York City. Morgan Stanley upgraded Paramount Group to Equal Weight from Underweight. The stock price increased by 23.44% between October 22, 2024, and October 21, 2025.

Demand seasonality for Paramount Group, Inc.'s Class A office spaces is influenced by broader commercial real estate trends, with activity generally increasing in spring and summer and slowing down in winter. Leasing activity for non-retail commercial spaces may slow down in November. However, Paramount Group's focus on prime urban markets and long-term lease agreements helps mitigate some seasonal fluctuations.

Paramount Group, Inc. (PGRE) is a fully integrated real estate investment trust (REIT) that specializes in the ownership, operation, management, acquisition, and redevelopment of high-quality, Class A office properties, primarily in select central business district (CBD) submarkets within major urban areas. The company operates within the Real Estate sector and the REIT - Office industry, focusing on owning and managing Class A office buildings, providing leasing services to a diverse tenant base, and offering property management services. Paramount Group also has an investment management business, serving as the general partner of real estate funds for institutional investors and high-net-worth individuals.

Paramount Group, Inc.'s geographic footprint is concentrated in high-barrier-to-entry markets across the United States, primarily New York City and San Francisco. The company owns and/or manages approximately 8.7 million square feet in New York and 4.3 million square feet in San Francisco. Additionally, Paramount Group manages four properties aggregating 0.8 million square feet in New York and Washington, D.C.

Paramount Group, Inc. has maintained a positive brand reputation, particularly in sustainability, achieving a GRESB 5 Star rating for the seventh consecutive year in October 2025, ranking in the top 20% of global real estate participants. The company is known for its commitment to excellence, innovation, and tenant satisfaction, fostering long-term relationships with its diverse tenant base.

Paramount Group, Inc. (PGRE) is primarily owned by institutional shareholders, who hold 67.11% of the stock, with 16.30% held by insiders and 16.59% by retail investors. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., Cohen & Steers Inc., and State Street Corp. Alexander Otto is the largest individual shareholder, owning 14.63 million shares, representing 6.64% of the company.