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PARAMOUNT GROUP Paramount Announces Third Quarter 2021 Results NEW YORK October 27 , 2021 Paramount Group , Inc. ( NYSE : PGRE ) ( " Paramount " or the " Company " ) filed its Quarterly Report on Form 10 - Q for the quarter ended September 30 , 2021 today and reported results for the third quarter ended September 30 , 2021 . Third Quarter Highlights : - Raises Guidance for Full Year 2021 – - Leases over 809,000 square feet through September - ● Results of Operations : Reported net loss attributable to common stockholders of $ 2.1 million , or $ 0.01 per diluted share , for the quarter ended September 30 , 2021 , compared to $ 7.0 million , or $ 0.03 per diluted share , for the quarter ended September 30 , 2020 . Reported Core Funds from Operations ( " Core FFO " ) attributable to common stockholders of $ 50.1 million , or $ 0.23 per diluted share , for the quarter ended September 30 , 2021 , compared to $ 49.6 million , or $ 0.22 per diluted share , for the quarter ended September 30 , 2020 . Reported a 6.0 % increase in Same Store Cash Net Operating Income ( “ NOI " ) and a 9.8 % decrease in Same Store NOI in the quarter ended September 30 , 2021 , compared to the same period in the prior year . Leased 374,385 square feet , of which the Company's share was 314,673 square feet that was leased at a weighted average initial rent of $ 74.47 per square foot . Of the 374,385 square feet that was leased , 301,568 square feet represented the Company's share of second generation space , for which the Company achieved a positive mark - to market of 0.4 % on a cash basis and 5.8 % on a GAAP basis . Transactions and Capital Markets Activity : Completed an $ 860.0 million refinancing of 1301 Avenue of the Americas , a 1.7 million square foot trophy office building located between 52nd and 53rd Streets in Midtown Manhattan , on July 29 , 2021. The new five - year interest only loan has a weighted average interest rate of 2.95 % and is comprised of a $ 500.0 million fixed rate tranche and a $ 360.0 million variable rate tranche . The proceeds from the refinancing were used to repay the existing $ 850.0 million loan that was scheduled to mature in November 2021 . Ended the quarter with $ 1.52 billion in liquidity , comprised of $ 522.5 million of cash and restricted cash and $ 1.0 billion of borrowing capacity under its revolving credit facility . Declared a third quarter cash dividend of $ 0.07 per common share on September 15 , 2021 , which was paid on October 15 , 2021 .