The earnings call reflected a generally positive outlook with several key achievements, including exceeding core FFO expectations, strong leasing activity, and balanced market performance. The company showed financial stability and adaptability to market conditions, particularly in San Francisco, where positive trends are emerging. However, challenges remain in managing lease expirations in San Francisco and upcoming lease rolls in New York.

Company Guidance -

Q3 2025

During Paramount Group's second quarter 2025 earnings call, the company provided optimistic guidance, raising full year expectations across key metrics due to strong performance. They reported core FFO of $0.17 per share, exceeding consensus by $0.03, driven by significant leasing activity with 405,000 square feet executed in the quarter, marking the highest quarterly total since 2019. This leasing was balanced between New York (52%) and San Francisco (48%), with New York occupancy reaching 88.1% and San Francisco showing signs of stabilization despite challenges. Paramount increased their full-year leasing volume guidance to 1.3 million square feet and raised core FFO guidance to a range of $0.55 to $0.59 per share. Additionally, they reported a robust leasing pipeline and strong liquidity with over $534 million in cash, positioning them well for opportunistic capital allocation.

Exceeding Core FFO Expectations

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

Strong Leasing Activity

Executed over 400,000 square feet of leases in the quarter, the highest quarterly total since 2019, bringing the year-to-date total to approximately 690,000 square feet.

Balanced Market Performance

Leasing was well balanced across New York (52%) and San Francisco (48%), highlighting strength in both markets.

Raising Full Year Guidance

Increased full-year guidance across all key metrics, including core FFO, leasing volume, cash NOI, and year-end leased occupancy.

High Occupancy in New York Portfolio

New York portfolio reached 88.1% leased, the highest level since early 2022, with significant tenant commitments in flagship assets.

Financial Stability

Ended the quarter with over $534 million of cash, providing flexibility and confidence to navigate the evolving macro environment.

Positive San Francisco Market Trends

Executed over 190,000 square feet of leasing in San Francisco with signs of stabilization and renewed interest from AI, legal, and professional services sectors.

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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