Paramount Group Management

Management criteria checks 2/4

Paramount Group's CEO is Albert Paul Behler, appointed in Jan 2014, has a tenure of 10.25 years. total yearly compensation is $20.24M, comprised of 5.4% salary and 94.6% bonuses, including company stock and options. directly owns 0.3% of the company’s shares, worth $3.24M. The average tenure of the management team and the board of directors is 7.5 years and 8.1 years respectively.

Key information

Albert Paul Behler

Chief executive officer

US$20.2m

Total compensation

CEO salary percentage	5.4%
CEO tenure	10.3yrs
CEO ownership	0.3%
Management average tenure	7.5yrs
Board average tenure	8.1yrs

Recent management updates

Recent updates

Paramount FFO of $0.25 beats by $0.01, revenue of $184.03M misses by $2.58M, guidance in-line

Feb 15

Paramount declares $0.0775 dividend

Dec 15

Paramount FFO of $0.24 in-line, revenue of $187.15M beats by $2.17M

Oct 26

Paramount Group: A Concentrated Portfolio Of Class A Office Buildings

Oct 03

Paramount declares $0.0775 dividend

Sep 15

Paramount Q2 FFO, revenue up, raises FY22 core FFO guidance

Jul 26

Paramount Group: Nothing Special Here

Jun 12

Paramount declares $0.07 dividend

Jun 15

CEO Compensation Analysis

How has Albert Paul Behler's remuneration changed compared to Paramount Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$20m	US$1m	-US$260m
Sep 30 2023	n/a	n/a	-US$92m
Jun 30 2023	n/a	n/a	-US$85m
Mar 31 2023	n/a	n/a	-US$38m
Dec 31 2022	US$9m	US$1m	-US$36m
Sep 30 2022	n/a	n/a	US$3m
Jun 30 2022	n/a	n/a	US$2m
Mar 31 2022	n/a	n/a	-US$13m
Dec 31 2021	US$10m	US$1m	-US$20m
Sep 30 2021	n/a	n/a	-US$26m
Jun 30 2021	n/a	n/a	-US$33m
Mar 31 2021	n/a	n/a	-US$25m
Dec 31 2020	US$9m	US$1m	-US$20m
Sep 30 2020	n/a	n/a	-US$25m
Jun 30 2020	n/a	n/a	-US$12m
Mar 31 2020	n/a	n/a	-US$3m
Dec 31 2019	US$9m	US$1m	-US$3m
Sep 30 2019	n/a	n/a	US$11m
Jun 30 2019	n/a	n/a	US$45m
Mar 31 2019	n/a	n/a	US$10m
Dec 31 2018	US$10m	US$1m	US$3m
Sep 30 2018	n/a	n/a	-US$3m
Jun 30 2018	n/a	n/a	-US$51m
Mar 31 2018	n/a	n/a	US$87m
Dec 31 2017	US$10m	US$1m	US$86m

Compensation vs Market: Albert Paul's total compensation ($USD20.24M) is above average for companies of similar size in the US market ($USD3.44M).

Compensation vs Earnings: Albert Paul's compensation has increased whilst the company is unprofitable.

CEO

Albert Paul Behler (71 yo)

10.3yrs

Tenure

US$20,235,912

Compensation

Mr. Albert Paul Thomas Behler serves as Chief Executive officer, President and Chairman at Paramount Group Real Estate Advisor LLC. He has been the Chief Executive Officer, President of Paramount Group, In...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Albert Paul Behler	Chairman	10.3yrs	US$20.24m	0.30% $ 3.2m
Wilbur Paes	COO, CFO & Treasurer	8.1yrs	US$9.07m	0.0046% $ 50.5k
Gage Johnson	Senior VP	14.9yrs	US$2.45m	0.0034% $ 37.9k
Peter Brindley	Executive VP & Head of Real Estate	6.3yrs	US$6.31m	no data
Ermelinda Berberi	Senior VP & Chief Accounting Officer	7yrs	no data	no data
Thomas Hennessy	Vice President of Business Development & Investor Relations	no data	no data	no data
Vito Messina	Senior Vice President of Asset Management	no data	no data	no data
David Eaton	Senior Vice President of Leasing	5.9yrs	no data	no data

7.5yrs

Average Tenure

53yo

Average Age

Experienced Management: PGRE's management team is seasoned and experienced (7.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Albert Paul Behler	Chairman	10.3yrs	US$20.24m	0.30% $ 3.2m
Peter Linneman	Independent Director	9.4yrs	US$209.36k	0.014% $ 151.5k
Thomas Armbrust	Independent Director	10.3yrs	US$196.25k	0.13% $ 1.4m
Martin Bussmann	Lead Independent Director	8.1yrs	US$249.36k	no data
Hitoshi Saito	Independent Director	1.9yrs	US$191.25k	0.019% $ 209.7k
Karin Klein	Independent Director	8.1yrs	US$184.36k	no data
Paula Sutter	Independent Director	1.8yrs	US$184.36k	no data
Mark Patterson	Independent Director	5.9yrs	US$184.36k	no data
Katharina Otto-Bernstein	Independent Director	9.4yrs	US$179.36k	15.44% $ 169.6m
Gregory Wright	Independent Director	3.9yrs	US$197.49k	no data

8.1yrs

Average Tenure

67yo

Average Age

Experienced Board: PGRE's board of directors are considered experienced (8.1 years average tenure).

Paramount Group Management

Management criteria checks 2/4

Key information

Recent management updates

Paramount Group, Inc., Annual General Meeting, May 16, 2024

Chairman recently bought US$326k worth of stock

Chairman recently bought US$299k worth of stock

Chairman recently bought US$215k worth of stock

Lead Independent Director notifies of intention to sell stock

Chairman recently bought US$117k worth of stock

Recent updates

Paramount Group, Inc. to Report Q1, 2024 Results on May 01, 2024

Paramount Group, Inc., Annual General Meeting, May 16, 2024

Upcoming dividend of US$0.035 per share

Fourth quarter dividend of US$0.035 announced

Paramount Group, Inc. Declares Quarterly Cash Dividend, Payable on April 15, 2024

New minor risk - Shareholder dilution

Paramount Group: Blue Chip Tenants And Rock Bottom Valuation

Now 21% overvalued

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Paramount Group, Inc. Reports Impairment for the Three Months Ended December 31, 2023

Paramount Group, Inc. to Report Q4, 2023 Results on Feb 14, 2024

Upcoming dividend of US$0.035 per share at 5.9% yield

Consensus EPS estimates fall by 52%

Paramount Group, Inc. Declares Regular Quarterly Cash Dividend for the Period from October 1, 2023 to December 31, 2023, Payable on January 12, 2024

Consensus EPS estimates fall by 24%

Paramount Group: Pull The Plug

Price target decreased by 8.3% to US$4.40

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Paramount Group, Inc. Revises Earnings Guidance for the Full Year 2023

Paramount Group, Inc. to Report Q3, 2023 Results on Nov 01, 2023

Upcoming dividend of US$0.035 per share at 6.4% yield

Paramount Group: Upcoming Debt Maturity Wall Could Mean More Downside

Chairman recently bought US$326k worth of stock

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Paramount Group, Inc. Updates Earnings Guidance for the Full Year 2023

Consensus EPS estimates fall by 400%

Paramount Group, Inc. to Report Q2, 2023 Results on Jul 31, 2023

Upcoming dividend of US$0.035 per share at 7.0% yield

Paramount Group, Inc. Declares Reduced Quarterly Cash Dividend for the Period from April 1, 2023 to June 30, 2023, Payable on July 14, 2023

Price target decreased by 7.5% to US$4.70

Consensus EPS estimates upgraded to US$0.02 loss

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Paramount Group, Inc. Revises Earnings Guidance for the Year 2023

Price target decreased by 14% to US$5.29

Chairman recently bought US$299k worth of stock

Consensus EPS estimates fall by 186%

Price target decreased by 8.6% to US$6.13

Chairman recently bought US$215k worth of stock

Full year 2022 earnings: EPS and revenues miss analyst expectations

Paramount Group, Inc. Provides Earnings Guidance for the Full Year 2023

Paramount FFO of $0.25 beats by $0.01, revenue of $184.03M misses by $2.58M, guidance in-line

Paramount Group, Inc. to Report Q4, 2022 Results on Feb 15, 2023

Lead Independent Director notifies of intention to sell stock

Chairman recently bought US$117k worth of stock

Upcoming dividend of US$0.077 per share

Paramount Group, Inc. Declares Regular Quarterly Cash Dividend of Common Stock for the Period from October 1, 2022 to December 31, 2022, Payable on January 13, 2023

Paramount declares $0.0775 dividend

Price target decreased to US$6.70

Chairman recently bought US$288k worth of stock

Consensus forecasts updated

Price target decreased to US$8.67

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Paramount Group, Inc. Updates Earnings Guidance for the Full Year 2022

Paramount FFO of $0.24 in-line, revenue of $187.15M beats by $2.17M

Price target decreased to US$7.40

Consensus forecasts updated

Paramount Group, Inc. to Report Q3, 2022 Results on Oct 26, 2022

Paramount Group: A Concentrated Portfolio Of Class A Office Buildings

Upcoming dividend of US$0.077 per share

Paramount Declares Regular Quarterly Dividend, Payable on October 14, 2022

Paramount declares $0.0775 dividend

Consensus EPS estimates increase by 97%

Price target decreased to US$9.83

Paramount Group, Inc. Revises Earnings Guidance for the Year 2022

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Paramount Q2 FFO, revenue up, raises FY22 core FFO guidance

Paramount Group, Inc. to Report Q2, 2022 Results on Jul 26, 2022

Price target decreased to US$11.00

Upcoming dividend of US$0.077 per share