Paramount Group, Inc.
pgre.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q3 FY2025 10-Q, filed Oct 29, 2025. Its latest SEC filing is a 15-12G from Dec 29, 2025.
10-Q for Q3 FY2025, filed Oct 29, 2025
The sections below describe the company as of the FY2024 annual report.
What Did They Do?
Leases and operates Class A office properties in New York City and San Francisco for tenants, and manages real estate funds for institutional investors and high-net-worth individuals.
10-K for FY2024, filed Feb 27, 2025Paramount Group, Inc. is a fully-integrated REIT focused on owning, operating, managing, acquiring and redeveloping high-quality, Class A…View ↗
Additionally, we have an investment management business, where we serve as the general partner of several real estate related funds for…View ↗
Proven Investment Management Business. We have a successful investment management business, where we serve as the general partner and…View ↗
How Did They Make Money?
Tenants pay rent under leases and reimburse property operating costs and taxes. Asset and property management fees are earned over time, while fees for acquisitions, dispositions and leasing services are earned when those services are completed.
10-K for FY2024, filed Feb 27, 2025
-
10-K for FY2024, filed Feb 27, 2025
FY2024 revenue by product or service (Property management, asset management, leasing and other related services fee income) ↗
$757.5M
-
10-K for FY2024, filed Feb 27, 2025
$757.5M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Asset Management Fees
Recurring
|
40%
FY2021: 47%
|
Asset Management Fees, FY2024
$8.8M Sources
|
Recurring |
|
Property Management Fees
Recurring
|
30%
FY2021: 30%
|
Property Management Fees, FY2024
$6.7M Sources
|
Recurring |
|
Acquisition, Disposition, Leasing And Other
Sold outright
|
29%
FY2021: 23%
|
Acquisition, Disposition, Leasing And Other, FY2024
$6.4M Sources
|
Sold outright |
Who Were Their Customers?
Businesses lease office, retail and storage space; institutional investors and high-net-worth individuals invest through real estate funds for which Paramount serves as general partner and property manager.
10-K for FY2024, filed Feb 27, 2025
Did Revenues Turn Into Profits?
No. It lost $46.3M in FY2024.
10-K for FY2024, filed Feb 27, 2025
10-K for FY2024, filed Feb 27, 2025
−$46.3MView ↗
How Were They Changing?
- Net income
-
Sources
10-Q for Q3 FY2025, filed Oct 29, 2025
−$28.9MView ↗
- ▲ +199% (Loss)
- vs −$9.7M in Q3 FY2024
10-Q for Q3 FY2025, filed Oct 29, 2025
Open tableView ↗
-
Dec 19, 2025
Paramount's merger converted common shares into cash consideration
Each common share converted into the right to receive $6.60 in cash.
Sources
8-K, filed Dec 19, 2025
As a result of the Partnership Merger, in accordance with the terms and conditions of the Merger Agreement, at the effective time of the…View ↗
-
Sep 17, 2025
Rithm agreed to acquire Paramount
Rithm agreed to acquire all shares for $6.60 per fully diluted share, subject to stockholder approval and customary closing conditions.
Sources
8-K, filed Sep 17, 2025
Under the terms of the agreement, which has been approved by the Boards of Directors of both companies, Rithm will acquire all of the…View ↗
-
May 19, 2025
CFO Wilbur Paes departed; Ermelinda Berberi was appointed CFO
The departures and appointment took effect immediately.
Sources
8-K, filed May 19, 2025
On May 15, 2025, Paramount Group, Inc. (the “Company” or “Paramount Group”) announced that Wilbur Paes, the Company’s Chief Operating…View ↗
Held flat. Revenue was $757.5M in FY2024, about the same as the $714.2M of FY2020.
Loading...
