Paramount Group, INC
Market Movers (8-K)
Paramount Group, Inc. has completed its merger with Rithm Capital Corp. subsidiaries, resulting in its cessation as a separate corporate entity and delisting from the NYSE.
Paramount Group, Inc. stockholders approved the merger with Rithm Capital Corp. at a special meeting held on December 16, 2025, while rejecting executive compensation related to the transaction.
Paramount Group's Board of Directors reaffirmed its merger agreement with Rithm Capital Corp. after rejecting a lower, less certain acquisition proposal from Sponsor A.
Capital raise
Paramount Group's Board approved $5 million in transaction bonuses for key executives and retainers for directors in connection with its pending merger with Rithm Capital Corp.
Paramount Group, Inc. announced a net loss of $28.9 million for the third quarter of 2025, impacted by transaction costs related to its proposed $1.6 billion acquisition by Rithm Capital Corp.
Worse than expected
Rithm Capital Corp. will acquire Paramount Group, Inc. for approximately $1.6 billion in cash, valuing Paramount common stock at $6.60 per share.
Capital raise
Quarterly Earnings (10-Q)
Paramount Group, Inc. reported a significant net loss and declining FFO for Q3 2025, overshadowed by a pending merger with Rithm Capital Corp. and an ongoing SEC investigation.
Worse than expected
Paramount Group, Inc. reported a significant increase in net loss and a decline in key financial metrics for the second quarter and first half of 2025, driven by lower rental revenue and increased expenses, alongside a notable decrease in San Francisco same-store leased occupancy.
Worse than expected
Paramount Group's Q1 2025 results reflect a net loss, strategic asset sale, and adjustments to its credit facility amid evolving market conditions.
Delay expected
Worse than expected
Paramount Group's Q3 2024 results show a net loss, a decrease in same-store occupancy, and the suspension of its dividend, reflecting ongoing challenges in the office real estate market.
Worse than expected
Paramount Group's Q2 2024 results show a net loss but improved FFO, alongside strategic debt modifications and a decrease in same-store leased occupancy.
Worse than expected
Paramount Group's first quarter of 2024 saw a net income increase driven by a non-cash gain, alongside strategic debt modifications and a decrease in same-store occupancy.
Worse than expected
Annual Reports (10-K)
10-K: Paramount Group, Inc. Reports Annual Results: Portfolio Occupancy Declines Amid Strategic Shifts
Paramount Group's 2024 annual report reveals a net loss despite increased revenues, driven by real estate impairments and strategic decisions impacting portfolio occupancy and dividend payouts.
Worse than expected
Paramount Group Inc.'s 10-K filing for the year ended December 31, 2023, reveals a net loss, alongside key financial metrics, risk factors, and strategic objectives.
Worse than expected
Insider Trading (Form 4)
Timothy Dembo, Senior VP and General Counsel of Paramount Group, reported the cancellation and exchange of his equity holdings for cash following the company's merger with Rithm Capital Corp. at $6.60 per share.
Paramount Group Director Gregory S. Wright's LTIP and OP Units were converted to cash or OP Units as part of the Rithm Capital merger.
Paramount Group Director Hitoshi Saito disposed of 91,877 shares of common stock at $6.60 per share as part of the company's merger agreement.
Paramount Group Director Mark R. Patterson reported the disposition of equity units for cash following the company's merger with Rithm Capital Corp.
Paramount Group Director Martin Bussmann disposed of derivative securities and received cash consideration of $6.60 per unit as part of a merger transaction.
Paramount Group director Wolfgang Arndts disposed of 25,370 shares of common stock at $6.60 per share as part of the company's merger with Rithm Capital Corp.
Proxy Statements (Def-14A)
Paramount Group's Board of Directors unanimously recommends stockholders approve a cash merger with Rithm Capital Corp. at $6.60 per share, offering a significant premium and immediate liquidity.
Better than expected
Paramount Group, Inc. announced a definitive merger agreement with Rithm Capital Corp. following a comprehensive strategic review.
Better than expected
Paramount Group, Inc. announced its merger agreement with Rithm Capital Corp. following a comprehensive strategic review, expected to close in late Q4 2025.
Paramount Group, Inc. announced an agreement to merge with Rithm Capital Corp., a global alternative asset manager, with the transaction expected to close in late Q4 2025.
Paramount Group, Inc. announced a definitive merger agreement with Rithm Capital Corp., following a comprehensive strategic review, expected to close in late Q4 2025.
Rithm Capital Corp. will acquire Paramount Group, Inc. for approximately $1.6 billion in cash, expanding its commercial real estate and asset management platform.
Capital raise
Schedule 13D - Activist Investments
Saray Capital's offer to acquire all outstanding shares of Paramount Group not already owned by its affiliates was rejected by the Board of Directors, citing an existing merger agreement.
SCHEDULE 13D: Saray Capital and Saray Value Fund Disclose 5.14% Stake in Paramount Group, Signaling Strategic Engagement
Saray Capital (DIFC) Limited and Saray Value Fund SPC have jointly disclosed a 5.14% beneficial ownership stake in Paramount Group, Inc., acquired for approximately $50.5 million, indicating an intent for strategic discussions with the issuer's management and board.
Schedule 13G - Passive Investments
Cohen & Steers, Inc. and its affiliates have filed an amended Schedule 13G, disclosing a beneficial ownership of 3.51% in Paramount Group, Inc. common stock.
Cohen & Steers, Inc. and its affiliates have filed an amended Schedule 13G, reporting their beneficial ownership in Paramount Group, Inc. common stock has decreased to 3.51%.
Cohen & Steers, Inc. and its affiliates reported a passive beneficial ownership of 8.66% of Paramount Group, Inc.'s common stock as of June 30, 2025.
Long Pond Capital, LP and its affiliates have disclosed a beneficial ownership of 5.35% in Paramount Group, Inc., holding 11,737,433 shares of common stock.
BlackRock, Inc. has filed an amended Schedule 13G, reporting a 9.7% beneficial ownership stake in Paramount Group, Inc. as of March 31, 2025, held in the ordinary course of business.