Paramount Group Q3 net loss widens on merger related costs

Paramount

29/10/2025 20:41

Overview

Paramount reports Q3 net loss of $28.9 mln, impacted by merger-related costs

Core FFO for Q3 2025 declines to $31.5 mln from $40.5 mln in 2024

Company to be acquired by Rithm Capital for $1.6 bln, expected Q4 2025 close

Outlook

Paramount will not provide updated guidance due to pending merger with Rithm

Result Drivers

LEASING ACTIVITY - Paramount leased 547,812 sq ft in Q3, increasing same store leased occupancy by 430 basis points

REFINANCING - Co completed $900 mln refinancing of 1301 Avenue of the Americas, retaining $26 mln in proceeds

MERGER COSTS - Q3 net loss includes $9 mln of transaction costs related to proposed merger with Rithm

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
-$0.13
Q3 Net Income
-$28.9 mln
Q3 Core FFO
$31.5 mln
Q3 FFO
$17.1 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the commercial reits peer group is "buy."

Wall Street's median 12-month price target for Paramount Group Inc is $6.60, about 0.9% above its October 28 closing price of $6.54

Press Release: ID:nBw1BWLt6a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)