secwatch.observer — SEC 8-K summary
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Issuer:     Paramount Group, Inc. (—)
CIK:        0001605607
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0000950170-24-051379
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1605607/000095017024051379/0000950170-24-051379-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1605607/000095017024051379/pgre-20240501.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-051379

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer