Paramount Declares Regular Quarterly Dividend

Rhea-AI Summary

Paramount Group, Inc. (NYSE: PGRE) has announced a quarterly cash dividend of $0.07 per share, covering the period from July 1, 2021 to September 30, 2021. This dividend will be payable on October 15, 2021 to stockholders of record as of September 30, 2021. Paramount focuses on managing high-quality, Class A office properties in strategic locations in New York City and San Francisco, leveraging its property management capabilities to enhance portfolio value.

Positive

• Quarterly cash dividend declared at $0.07 per share.
• Dividend payment date set for October 15, 2021, demonstrating shareholder returns.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Paramount Group, Inc. (NYSE: PGRE) (“Paramount”) announced today that its board of directors has declared a regular quarterly cash dividend of $0.07 per share of common stock for the period from July 1, 2021, to September 30, 2021. The dividend will be payable on October 15, 2021, to stockholders of record as of the close of business on September 30, 2021.

About Paramount Group, Inc.

Headquartered in New York City, Paramount Group, Inc. is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York City and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210915005056/en/

Wilbur Paes

Chief Operating Officer,

Chief Financial Officer & Treasurer

212-237-3122

ir@paramount-group.com

Sumit Sharma

Vice President, Business Development &

Investor Relations

212-237-3138

ir@paramount-group.com

Paramount Media Contact:

212-492-2285

pr@paramount-group.com

Source: Paramount Group, Inc.

FAQ

What is the dividend amount declared by Paramount Group, Inc. for Q3 2021?

Paramount Group, Inc. declared a quarterly cash dividend of $0.07 per share.

When will the dividend be paid to shareholders?

The dividend will be payable on October 15, 2021.

What are the record dates for the dividend payment?

Shareholders must be on record by September 30, 2021, to receive the dividend.

What kind of properties does Paramount Group, Inc. focus on?

Paramount Group, Inc. focuses on high-quality, Class A office properties in New York City and San Francisco.