The earnings call reflected a strong overall performance, with significant leasing activity and increased guidance highlighting the company's success. However, challenges remain in San Francisco with occupancy declines and upcoming lease expirations. Despite these challenges, the positive momentum in leasing and strategic capital allocation suggest a favorable outlook.

Company Guidance

During Paramount Group's second quarter 2025 earnings conference call, the company reported strong financial performance, with core funds from operations (FFO) of $0.17 per share, surpassing consensus estimates by $0.03. The company executed over 405,000 square feet of leases in Q2, with a balanced distribution across New York (52%) and San Francisco (48%), marking the highest quarterly leasing activity since 2019. Paramount raised its full-year guidance for core FFO, leasing volume, cash NOI, and year-end leased occupancy due to robust leasing activity and operational discipline. The New York portfolio achieved an 88.1% leased occupancy rate, while San Francisco's leasing showed signs of stabilization despite market challenges. Paramount ended the quarter with $534 million in cash, maintaining a strong liquidity position, and plans to refinance its $860 million loan on 1301 Sixth Avenue. The company also completed a strategic equity sale and a noncore asset disposition to enhance balance sheet strength and focus on high-quality assets.

Strong Second Quarter Performance

Core FFO of $0.17 per share exceeded consensus by $0.03, driven by robust leasing activity and operational discipline.

Record Leasing Activity

Over 400,000 square feet of leases executed in the quarter, the highest quarterly total since 2019, with a balanced distribution between New York (52%) and San Francisco (48%).

Increased Guidance

Full year guidance raised across all key metrics: core FFO, leasing volume, cash NOI, and year-end leased occupancy.

New York Market Strength

New York portfolio leased at 88.1%, the highest level since early 2022, with significant new leases at 1301 Sixth Avenue and 900 Third Avenue.

San Francisco Leasing Momentum

Executed over 190,000 square feet of leasing in San Francisco, indicating signs of market stabilization and growing demand from sectors like AI and legal services.

Capital Allocation and Liquidity

Ended the quarter with over $534 million in cash, maintaining flexibility for strategic opportunities and balance sheet strength.

Paramount Group (PGRE) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

PGRE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	-0.09 / -	-0.04	―	―	―
Jul 30, 2025	2025 (Q2)	-0.08 / -0.09	-0.04	-125.00% (-0.05)
Apr 30, 2025	2025 (Q1)	-0.02 / -0.05	-0.015	-233.33% (-0.04)
Feb 27, 2025	2024 (Q4)	-0.04 / -0.18	-0.95	81.05% (+0.77)
Oct 30, 2024	2024 (Q3)	-0.05 / -0.04	-0.04	0.00% (0.00)
Jul 31, 2024	2024 (Q2)	-0.03 / -0.04	-0.22	81.82% (+0.18)
May 01, 2024	2024 (Q1)	-0.07 / -0.01	0.01	-250.00% (-0.03)
Feb 14, 2024	2023 (Q4)	-0.04 / -0.95	-0.17	-458.82% (-0.78)
Nov 01, 2023	2023 (Q3)	-0.04 / -0.04	-0.01	-300.00% (-0.03)
Jul 31, 2023	2023 (Q2)	-0.07 / -0.22	0	―

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

PGRE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$6.03	$6.12	+1.49%
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%

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.

FAQ

When does Paramount Group (PGRE) report earnings?

Paramount Group (PGRE) is schdueled to report earning on Oct 22, 2025, After Close (Confirmed).

What is Paramount Group (PGRE) earnings time?

Paramount Group (PGRE) earnings time is at Oct 22, 2025, After Close (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 (Q3) is -0.09.

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