Paramount (PGRE)

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Paramount (PGRE) - 2025 Q1 - Earnings Call Transcript
2025-05-01 23:02
Paramount Group (PGRE) Q1 2025 Earnings Call May 01, 2025 10:00 AM ET Company Participants Tom Hennessy - Vice President of Business Development and Investor RelationsAlbert Behler - Chairman, CEO & PresidentPeter Brindley - Executive VP & Head of Real EstateWilbur Paes - COO, CFO & TreasurerManus E - Senior AssociateThomas Catherwood - MD & REITs Equity Research Conference Call Participants Blaine Heck - Executive Director & Senior Equity Research AnalystDylan Burzinski - Equity Research Analyst Operator G ...
Paramount (PGRE) - 2025 Q1 - Earnings Call Transcript
2025-05-01 23:02
Paramount Group (PGRE) Q1 2025 Earnings Call May 01, 2025 10:00 AM ET Company Participants Tom Hennessy - Vice President of Business Development and Investor RelationsAlbert Behler - Chairman, CEO & PresidentPeter Brindley - Executive VP & Head of Real EstateWilbur Paes - COO, CFO & TreasurerManus E - Senior AssociateThomas Catherwood - MD & REITs Equity Research Conference Call Participants Blaine Heck - Executive Director & Senior Equity Research AnalystDylan Burzinski - Equity Research Analyst Operator G ...
Paramount (PGRE) - 2025 Q1 - Earnings Call Transcript
2025-05-01 22:00
Paramount Group (PGRE) Q1 2025 Earnings Call May 01, 2025 10:00 AM ET Speaker0 Good day, ladies and gentlemen. Thank you for standing by. Welcome to the Paramount Group First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. Please note that this conference call is being recorded today, 05/01/2025. I will now turn the call over to Tom Hennessey, Vice President of Business Developme ...
Paramount (PGRE) - 2025 Q1 - Earnings Call Presentation
2025-05-01 06:14
业绩总结 - Paramount的现金净运营收入(Cash NOI)为2.99亿美元[11] - 2025年第一季度的净亏损为5317千美元[96] - 2025年第一季度的核心FFO为37891千美元,每股摊薄收益为0.17美元[96] - PGRE在2025年第一季度的现金净运营收入(Cash NOI)为$83,677,000,较2024年同期的$88,977,000下降了4.1%[101] - PGRE在2025年第一季度的同店现金净运营收入(Same Store Cash NOI)为$84,121,000,较2024年同期的$87,716,000下降了4.1%[101] - PGRE在2025年第一季度的同店净运营收入(Same Store NOI)为$87,339,000,较2024年同期的$92,369,000下降了5.4%[103] 用户数据 - Paramount在纽约和旧金山的Class A办公物业的整体出租率为86.2%[11] - 纽约的出租率为87.4%,旧金山的出租率为82.3%[11] - 截至2025年3月31日,核心资产的租赁占用率为90.1%,占总资产价值的10%[55] - 300 Mission Street的租赁占用率为72.3%,占总资产价值的6%[58] - 55 Second Street的租赁占用率为44.4%,占总资产价值的7%[60] - 111 Sutter Street的租赁占用率为47.4%,占总资产价值的1%[61] 租约到期情况 - 2025年到期的主要租约包括Charter Communications(96,000平方英尺)和Wilson Sonsini(61,000平方英尺)[41] - 2026年到期的主要租约包括Showtime Networks(235,000平方英尺)和Oaktree Capital(61,000平方英尺)[41] 财务状况 - 公司的总债务为36.11亿美元[74] - 公司的净债务为30.93亿美元,净债务与企业价值的比率为70.3%[74] - 公司的总市场资本化为49.20亿美元[74] 地区贡献 - PGRE在2025年第一季度的现金净运营收入中,纽约地区贡献$53,890,000,旧金山地区贡献$31,367,000[101] - PGRE在2024年第一季度的现金净运营收入中,纽约地区贡献$63,733,000,旧金山地区贡献$26,164,000[101] - PGRE在2024年第一季度的同店净运营收入中,纽约地区贡献$68,369,000,旧金山地区贡献$26,240,000[103] 其他信息 - Paramount在纽约的总资产价值占其总资产价值的72%[50] - Paramount在旧金山的总资产为430万平方英尺,出租率为82.3%[52] - PGRE在2025年第一季度的非同店调整中,租赁终止收入为$(1,168,000)[101] - PGRE在2024年第一季度的非同店调整中,租赁终止收入为$(944,000)[103] - PGRE在2025年第一季度的其他净收入为$1,719,000,较2024年同期的$1,304,000有所增加[103]
Paramount (PGRE) - 2025 Q1 - Quarterly Results
2025-05-01 04:35
- 2 - Exhibit 99.2 FORWARD-LOOKING STATEMENTS This supplemental information contains forward-looking statements within the meaning of the federal securities laws. You can identify these statements by our use of the words "assumes," "believes," "estimates," "expects," "guidance," "intends," "plans," "projects" and similar expressions that do not relate to historical matters. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, unc ...
Paramount (PGRE) - 2025 Q1 - Quarterly Report
2025-05-01 04:24
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended: March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . (Exact name of registrant as specified in its charter) Maryland 32-0439307 (State or other jurisdiction of incorporation or organization) 1633 Broadway, New York, ...
Is Paramount Group (PGRE) a Great Value Stock Right Now?
ZACKS· 2025-04-29 22:45
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental a ...
Paramount Group: Suspended Dividends Keep Me Away Even As New York Office Booms
Seeking Alpha· 2025-04-29 03:23
Paramount Group (NYSE: PGRE ) suspended its dividend to common shareholders in the summer of 2024 with no near-term indication that it will bring this back. The Manhattan and San Francisco-focused office REIT was previously paying $0.04 per share every quarter, down from $0.10 perThe equity market is a powerful mechanism as daily fluctuations in price get aggregated to incredible wealth creation or destruction over the long term. Pacifica Yield aims to pursue long-term wealth creation with a focus on underv ...
FCC, Paramount Start Talks Around Skydance Merger
Deadline· 2025-04-25 07:04
The Federal Communications Commission and Paramount have been in contact about steps needed for the agency to approve its sale to Skydance, Deadline has confirmed. The WSJ first reported the start of discussions over how the parties might work towards a green light of the deal announced last summer that’s been parked at the watchdog agency ever since. Not surprisingly, one initial concession by Paramount could include the company continuing to abstain from DEI efforts, a target of President Donald Trump an ...
Paramount to begin mediation with President Trump in $20B lawsuit over ‘60 Minutes' interview: report
New York Post· 2025-04-08 07:39
文章核心观点 派拉蒙环球与特朗普就200亿美元诉讼案将在未来几天进行调解,同时派拉蒙与天空舞媒体80亿美元的合并交易截止日期延长90天,此外联邦通信委员会正在调查特朗普对“60分钟”节目采访哈里斯的指控 [1][3][10] 诉讼相关 - 特朗普起诉CBS新闻节目“60分钟”,指控其对哈里斯采访进行欺骗性剪辑,索赔200亿美元,CBS否认指控 [4][9] - 两个月前双方开始讨论可能的和解方案,“60分钟”员工认为节目无错,节目顶级制作人比尔·欧文斯表示不会道歉 [4][5] - 上月CBS新闻律师申请驳回诉讼,称其违反第一修正案且无法律和事实依据,公司部分人希望和解以符合派拉蒙整体利益 [6] - 特朗普律师表示将把此事推进到公正合法的结论 [9] 合并交易相关 - 派拉蒙与天空舞媒体80亿美元的合并交易截止日期周一到期后延长90天,若届时仍未完成交易,将自动再延长90天 [1][3] - 交易自动延期条件为除监管批准相关条件外,所有交易完成条件已满足或被放弃 [3] - 派拉蒙控股股东莎莉·雷石东表示有兴趣引入调解人促成协议,使交易获批 [11] - 天空舞媒体老板大卫·埃里森渴望合并交易获联邦通信委员会批准 [12][13] 监管调查相关 - 联邦通信委员会正在调查特朗普对“60分钟”节目采访哈里斯的指控,2月发布采访全文,正在审查是否违反“新闻失真”规则,该机构批准是合并交易通过的必要条件 [10]