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Paramount Group (PGRE)
NYSE:PGRE
Earnings Data
Report Date
Jul 29, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.05Last Year’s EPS
-0.04Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 30, 2025
|% Change Since: 10.26%
|Next Earnings Date:Jul 29, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a positive outlook with numerous achievements in leasing activity, especially in New York, and successful capital transactions. However, challenges in the San Francisco market and negative same-store growth present notable hurdles.Company Guidance
During the Paramount Group's Q1 2025 earnings call, the company provided notable guidance and metrics, reflecting strong performance and strategic positioning. The company reported core FFO of $0.17 per share, surpassing consensus by $0.01. They executed leases totaling approximately 284,000 square feet, marking their strongest first quarter of leasing since 2019. The Manhattan office market showed significant improvement, with new leasing activity reaching the highest quarterly total since Q4 2021, driven largely by demand for Class A office space, which accounted for 82% of total activity. Paramount Group's New York portfolio achieved a leased occupancy rate of 87.4%, up 240 basis points from the previous quarter, while San Francisco's leased occupancy was at 82.3%, down 150 basis points. The company's leasing pipeline remains robust with over 375,000 square feet of leases under negotiation. Moreover, the sale of a 45% interest in 900 Third Avenue raised approximately $95 million in net proceeds, valuing the property at $210 million or $354 per square foot. The company has also increased its leasing guidance to between 900,000 and 1.1 million square feet for the year and raised its same-store leased occupancy guidance to between 84.4% and 86.4%.Strong Leasing Activity
Executed leases totaling approximately 284,000 square feet, marking the strongest first quarter of leasing since 2019.
Significant New Lease with Kirkland & Ellis
Signed a 179,000 square-foot lease with Kirkland & Ellis, improving the leased occupancy of 900 Third Avenue from 68.9% to 90.2%.
Positive Market Trends in New York
Midtown's leasing activity exceeded the five-year quarterly average for the sixth consecutive quarter, with significant demand for Class A office space.
Expansion in Leasing Guidance
Increased leasing guidance to between 900,000 and 1.1 million square feet, representing an 11% increase at the midpoint.
Successful Capital Transaction
Closed the sale of a 45% interest in 900 Third Avenue, raising approximately $95 million in net proceeds.
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PGRE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PGRE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2025 | $4.29 | $4.60 | +7.23% |
Feb 27, 2025 | $4.60 | $4.51 | -1.96% |
Oct 30, 2024 | $5.05 | $4.85 | -3.96% |
Jul 31, 2024 | $5.24 | $5.06 | -3.44% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Paramount Group (PGRE) report earnings?
Paramount Group (PGRE) is schdueled to report earning on Jul 29, 2025, TBA Not Confirmed.
What is Paramount Group (PGRE) earnings time?
Paramount Group (PGRE) earnings time is at Jul 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PGRE EPS forecast?
PGRE EPS forecast for the fiscal quarter 2025 (Q2) is -0.05.
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