Name | Value |
---|---|
Revenues | 172.7M |
Cost of Revenue | 71.1M |
Gross Profit | 101.6M |
Operating Expense | 78.9M |
Operating I/L | -1.7M |
Other Income/Expense | -105.0M |
Interest Income | 3.0M |
Pretax | -82.3M |
Income Tax Expense | 0.6M |
Net Income/Loss | -47.5M |
Paramount Group, Inc. is a fully-integrated real estate investment trust specializing in high-quality, Class A office properties in prime central business district submarkets of New York City and San Francisco. The company generates revenue through owning, operating, managing, acquiring, and redeveloping these properties. Paramount focuses on maximizing portfolio value by leveraging sought-after locations and proven property management capabilities to attract and retain high-quality tenants, thereby ensuring a steady stream of rental income and property appreciation.