---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-051379"
form_type: "8-K"
ticker: null
cik: "0001605607"
company_name: "Paramount Group, Inc."
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T02:52:15.757771+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Paramount Q1 Core FFO $0.22/sh (down from $0.25 YoY); raises 2024 Core FFO guidance to $0.75-0.81

## Summary
- Net income $9.9M ($0.05/sh) vs $1.7M ($0.01) YoY; includes $14.1M non-cash tax gain.
- Core FFO $47.9M ($0.22/sh) vs $54.7M ($0.25) YoY; Same Store Cash NOI down 1.5% to $89.2M.
- Leased occupancy down 120bps to 86.5%; second-gen mark-to-market negative 4.1% cash.
- One Market Plaza loan modified: balance cut to $850M (PGRE share $61.25M), rate 4.08%, matures Feb 2027.
- Raised 2024 Core FFO guidance to $0.75-$0.81/sh (from $0.73-$0.79); net loss guidance improved.

## SEC filing metadata
- accession: 0000950170-24-051379
- form_type: 8-K
- cik: 0001605607
- company_name: Paramount Group, Inc.
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1605607/000095017024051379/0000950170-24-051379-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1605607/000095017024051379/pgre-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-051379
- JSON: https://secwatch.observer/filing/0000950170-24-051379.json
- Plain text: https://secwatch.observer/filing/0000950170-24-051379.txt

## Key facts
- Earnings Releases
  Paramount Group, Inc. reported first quarter ended March 31, 2024 results: net income $9.9 million, EPS $0.05 per diluted share. Guidance raised.
  - Period: first quarter ended March 31, 2024
  - Net income: $9.9 million
  - EPS: $0.05 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: On May 1, 2024, Paramount Group, Inc. (the “Company”) issued a press release announcing its financial results for the first quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1605607/000095017024051379/0000950170-24-051379-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.