Paramount Declares Regular Quarterly Dividend

Rhea-AI Summary

Paramount Group, Inc. (NYSE: PGRE) has declared a quarterly cash dividend of $0.0775 per share for the period from January 1, 2023 to March 31, 2023. This dividend will be payable on April 14, 2023, to shareholders of record as of March 31, 2023. Paramount, headquartered in New York City, is a fully-integrated real estate investment trust focusing on high-quality, Class A office properties in New York and San Francisco. The company aims to maximize portfolio value by leveraging its prime locations and exceptional property management capabilities.

Positive

• Quarterly cash dividend of $0.0775 per share announced.
• Dividend payment scheduled for April 14, 2023.
• Focus on high-quality Class A office properties in prime locations.

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 $0.0775 per share of common stock for the period from January 1, 2023 to March 31, 2023. The dividend will be payable on April 14, 2023, to stockholders of record as of the close of business on March 31, 2023.

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/20230315005105/en/

Wilbur Paes

Chief Operating Officer,

Chief Financial Officer and Treasurer

212-237-3122

ir@pgre.com

Tom Hennessy

Vice President, Investor Relations and

Business Development

212-237-3138

ir@pgre.com

Media:

212-492-2285

pr@pgre.com

Source: Paramount Group, Inc.

FAQ

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

The declared quarterly cash dividend is $0.0775 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on April 14, 2023.

What is the record date for the dividend payment?

The record date for the dividend payment is March 31, 2023.

What properties does Paramount Group, Inc. focus on?

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