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PGRE / Paramount Group stock soars after Monarch Alternative Capital's buyout bid values REIT at $2.2 billion

Paramount Group stock soars after Monarch Alternative Capital's buyout bid values REIT at $2.2 billion
Shares of Paramount Group Inc. PGRE, +21.15% soared 21.3% toward an 8-month high after the real estate investment trust (REIT) focused on officer properties confirmed it received an "unsolicited" buyout bid from private-equity firm Monarch Alternative Capital LP. The bid, for $12 a share in cash, represents a 29.2% premium over Thursday's closing price of $9.29, and implies a market capitalization for Paramount of about $2.2 billion. Read More
Posted: Feb 25 2022, 11:38
Author Name: Market Watch
Views: 111463

PGRE News  

Paramount Group: Upcoming Debt Maturity Wall Could Mean More Downside

By Seeking Alpha
August 21, 2023

Paramount Group: Upcoming Debt Maturity Wall Could Mean More Downside

The office REIT index has crashed to nearly the same bottom as the Great Financial Crisis, indicating substantial strain for the sector. Paramount Gro more_horizontal

Paramount Group: Tenant Concentration And Upcoming Lease Expirations Are Headwinds

By Seeking Alpha
May 11, 2023

Paramount Group: Tenant Concentration And Upcoming Lease Expirations Are Headwinds

Paramount Group owns and operates Class-A office properties in key submarkets in New York City and San Francisco. In a previous update, I cited concer more_horizontal

Paramount Group, Inc. (PGRE) Q1 2023 Earnings Call Transcript

By Seeking Alpha
May 7, 2023

Paramount Group, Inc. (PGRE) Q1 2023 Earnings Call Transcript

Paramount Group, Inc. (NYSE:PGRE ) Q1 2023 Earnings Conference Call May 4, 2023 10:00 AM ET Company Participants Tom Hennessy - Investor Relations Alb more_horizontal

Paramount Group (PGRE) Tops Q1 FFO and Revenue Estimates

By Zacks Investment Research
May 3, 2023

Paramount Group (PGRE) Tops Q1 FFO and Revenue Estimates

Paramount Group (PGRE) came out with quarterly funds from operations (FFO) of $0.26 per share, beating the Zacks Consensus Estimate of $0.23 per share more_horizontal

Paramount Group: Key Tenancy Risk Relating To Fallout Of SVB Failure

By Seeking Alpha
March 13, 2023

Paramount Group: Key Tenancy Risk Relating To Fallout Of SVB Failure

Paramount Group owns and operates Class-A office properties in two primary markets, New York and San Francisco. The company is reporting promising str more_horizontal

Paramount Group, Inc. (PGRE) Q4 2022 Earnings Call Transcript

By Seeking Alpha
February 16, 2023

Paramount Group, Inc. (PGRE) Q4 2022 Earnings Call Transcript

Paramount Group, Inc. (NYSE:PGRE ) Q4 2022 Earnings Conference Call February 16, 2023 10:00 AM ET Company Participants Tom Hennessy - Vice President o more_horizontal

Paramount Group (PGRE) Meets Q4 FFO Estimates

By Zacks Investment Research
February 15, 2023

Paramount Group (PGRE) Meets Q4 FFO Estimates

Paramount Group (PGRE) delivered FFO and revenue surprises of 0% and 0.68%, respectively, for the quarter ended December 2022. Do the numbers hold clu more_horizontal

Paramount Group: More Progress Needed On Upcoming Expirations

By Seeking Alpha
January 3, 2023

Paramount Group: More Progress Needed On Upcoming Expirations

Paramount Group, Inc. has an interest in a targeted portfolio of Class A office properties in select central business districts in New York and San Fr more_horizontal


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