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PARAMOUNT GROUP Paramount Announces Second Quarter 2021 Results - - Raises Guidance for Full Year 2021 - - Backfills over 62 % of recent vacancy at 31 West 52nd Street- NEW YORK – July 27 , 2021 - Paramount Group , Inc. ( NYSE : PGRE ) ( “ Paramount ” or the “ Company ” ) filed its Quarterly Report on Form 10 - Q for the quarter ended June 30 , 2021 today and reported results for the second quarter ended June 30 , 2021 . Second Quarter Highlights : Results of Operations : • • • • Reported net loss attributable to common stockholders of $ 15.9 million , or $ 0.07 per diluted share , for the quarter ended June 30 , 2021 , compared to $ 6.3 million , or $ 0.03 per diluted share , for the quarter ended June 30 , 2020 . Reported Core Funds from Operations ( “ Core FFO ” ) attributable to common stockholders of $ 47.6 million , or $ 0.22 per diluted share , for the quarter ended June 30 , 2021 , compared to $ 50.1 million , or $ 0.23 per diluted share , for the quarter ended June 30 , 2020 . Reported a 3.0 % increase in Same Store Cash Net Operating Income ( “ NOI " ) and an 11.0 % decrease in Same Store NOI in the quarter ended June 30 , 2021 , compared to the same period in the prior year . Leased 246,922 square feet , including ( i ) 81,516 square feet that served to backfill the recent vacancy at 31 West 52nd Street , that was leased for a weighted average term of 14 years at positive cash and GAAP mark - to - markets of 11.1 % and 8.6 % , respectively , and ( ii ) 34,570 square feet that was leased to the Thespian Theatre at 1633 Broadway for a 15 - year term . Excluding the theatre lease , 212,352 square feet was leased in the quarter , of which the Company's share was 197,035 square feet that was leased at a weighted average initial rent of $ 70.81 per square foot . Of the 212,352 square feet leased , 156,117 square feet represented the Company's share of second generation space , for which the mark - to - markets were negative 1.4 % on a cash basis and negative 5.2 % on a GAAP basis . Capital Markets and Other : • • Ended the quarter with $ 1.51 billion in liquidity , comprised of $ 507.8 million of cash and restricted cash and $ 1.0 billion of borrowing capacity under its revolving credit facility . Declared a second quarter cash dividend of $ 0.07 per common share on June 15 , 2021 , which was paid on July 15 , 2021 .