Paramount Group, Inc. (NYSE:PGRE) Q1 2022 Earnings Conference Call April 28, 2022 10:00 AM ET

Company Participants

Albert Behler – Chairman, Chief Executive Officer, and President

Wilbur Paes – Chief Operating Officer, Chief Financial Officer, and Treasure

Peter Brindley – Head of Real Estate

Tom Hennessy – Vice President of Business Development and Investor Relations

Conference Call Participants

Steve Sakwa – Evercore

Vikraw Malhotra – Mizuho

Ronald Kamdem – Morgan Stanley

Blaine Heck – Wells Fargo

Operator

Good day, ladies and gentlemen. Thank you for standing by. Welcome to the Paramount Group First Quarter 2022 earnings conference call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. Please note that this conference call is being recorded today, April 28th, 2022. I will now turn the call over to Tom Hennessy, Vice President of Business Development and Investor Relations.

Tom Hennessy

Thank you, Operator, and good morning, everyone. Before we begin, I would like to point everyone to our first quarter 2022 earnings release and supplemental information which were released yesterday. Both can be found under the heading Financial Information, Quarterly Results in the Investors section of the Paramount Group website at www.pgre.com. Some of our comments will be forward-looking statements within the meaning of the Federal Securities Laws. Forward-looking statements which are usually identified by the words such as will, expect, should, or other similar phrases are subject to numerous risks and uncertainties that could cause actual results to differ materially from what we expect.

Therefore, you should exercise caution in interpreting and relying upon them. We refer you to our SEC filings for a more detailed discussion of the risks that could impact our future operating results and financial condition. During the call, we will discuss our non-GAAP measures which we believe can be useful in evaluating the company's operating performance. These measures should not be considered in isolation or as a substitute for our financial results prepared in accordance with GAAP.

A reconciliation of these measures to the most directly comparable GAAP measure is available in our first quarter 2022 earnings release and our supplemental information. Hosting the call today, we have Mr. Albert Behler, Chairman, Chief Executive Officer, and President of the company. Wilbur Paes, Chief Operating Officer, Chief Financial Officer, and Treasurer. And Peter Brindley, Executive Vice President, Head of Real Estate. Management will provide some opening remarks and we will then open the call to questions. With that, I will turn the call over to Albert.