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home / news releases / PGRE - Paramount Group: Tenant Concentration And Upcoming Lease Expirations Are Headwinds

PGRE - Paramount Group: Tenant Concentration And Upcoming Lease Expirations Are Headwinds

Paramount Group Inc.

2023-05-11 03:36:43 ET

Summary

  • 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 concerns regarding their tenant concentration to First Republic Bank, which has since been sold to JPMorgan.
  • Since then, shares have weakened. But I am less pessimistic about the outlook now than I was then.
  • Nevertheless, I remain cautious on new initiation due to the uncertainty of the eventual fate of their current First Republic leases, as well their near-term lease expirations.

For further details see:

Paramount Group: Tenant Concentration And Upcoming Lease Expirations Are Headwinds
Stock Information
Company Name: Paramount Group Inc.
Stock Symbol: PGRE
Market: NYSE
Website: paramount-group.com
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