INVESTOR PRESENTATION NOVEMBER 2023

Cautionary Note on Forward-Looking Statements

This presentation contains forward-looking statements within the meaning of the federal securities laws. You can identify these statements by our use of the words "assumes," "believes," "estimates," "expects," "guidance," "intends," "plans," "projects" and similar expressions that do not relate to historical matters. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and could materially affect actual results, performance or achievements. These factors include, without limitation, the ability to enter into new leases or renew leases on favorable terms; dependence on tenants' financial condition; the risk we may lose a major tenant or that a major tenant may be adversely impacted by market and economic conditions, including rising inflation and interest rates; trends in the office real estate industry including telecommuting, flexible work schedules, open workplaces and teleconferencing; the uncertainties of real estate development, acquisition and disposition activity; the ability to effectively integrate acquisitions; fluctuations in interest rates and the costs and availability of financing; the ability of our joint venture partners to satisfy their

obligations; the effects of local, national and international economic and market conditions and the impact of

rising inflation and interest rates on such market conditions; the effects of acquisitions, dispositions and possible impairment charges on our operating results; the negative impact of any future pandemic, endemic or outbreak of infectious disease on the U.S., regional and global economies and our tenants' financial condition and results of operations; regulatory changes, including changes to tax laws and regulations; and other risks and uncertainties detailed from time to time in our filings with the U.S. Securities and Exchange Commission. We do not undertake a duty to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise..

The data and information herein are as of September 30, 2023, unless otherwise indicated.

2

Table of Contents

1

2

3

4

Introduction to Paramount

Business Update

Balance Sheet & Capital Structure

Portfolio Composition

5

ESG Strategy

6

Appendix

3

Paramount at a Glance

Paramount prides itself on being a best-in-class owner and operator of high- quality, Class A office properties in New York and San Francisco.

Ticker: PGRE

1978

13.8 MM

SQUARE FEET

NYSE-LISTED COMPANY

FOUNDED IN

(across 18 assets)

(1)

~$8.5 B (2)

$370 MM (3)

88.1%

TOTAL AUM

CASH NOI (4)

LEASED (4)

(across 18 assets) (1)

  1. Includes 14 REIT wholly and partially owned assets aggregating 13.0 million square feet and four managed assets, aggregating 0.8 million square feet that are managed by Paramount.
  2. Calculated based on (i) Green Street's estimate of Gross Asset Value as of October 15, 2023, for REIT-owned assets, (ii) management's estimate of values for managed assets and (iii) invested and committed capital for Fund assets as of September 30, 2023.
  3. Represents the midpoint of Cash NOI assumptions used in deriving the Full Year 2023 guidance as of September 30, 2023.
  4. Please see Appendix for our definition of this measure.

4

4

Office Centric Business with High-quality Properties, Commanding Premium Rents

95%

Exposure to Trophy

and Class A office rent revenues with limited retail exposure

6.4 years

Average lease term

for office leases

New York - 7.2 years

San Francisco - 3.8 years

$87/sqft

Annualized rent

5

High Credit Quality Tenant Base

Top 10 Tenants

Expiration Date

PGRE's

Square Feet

Occupied

(1)

Share of

  • of Ann. Rent (2)

1.

Various

I n d u s t r y D i v e r s i f i c a t i o n - %

2.

6/2024

o f A n n u a l i z e d R e n t ( 2 )

3.

1/2031

Other Professional

Services

4.

9/2034

1.5%

Consumer Products

1.6%

Other

5.

3/2032

Travel & Leisure

8.3%

2.1%

Legal

6.

7/2029

Retail

Services

2.8%

Insurance

24.2%

7.

1/2026

6.2%

8.

4/2025

Financial

9.

3/2037

Services, all

Technology and

others

Media

16.3%

10.

Various

20.0%

Financial Services -

Other Blue Chip Tenants

Commercial and

Investment

Banking

17.0%

(3)

(4)

(5)

(6)

(7)

344,010

(3)

328,543

(4)

288,823

290,875

(5)

234,749

259,428

227,879

166,518

183,057

(6)

(7)

108,072

4.8% 4.6% 4.4% 4.3% 3.1% 2.8% 2.7% 2.5% 2.3% 1.9%

  1. Represents office and retail space only.
  2. See Appendix for our definition of this measure.
  3. Includes (i) 241,854 square feet that expires in June 2025, (ii) 76,999 square feet that expires in December 2029 and
    1. 25,157 square feet that expires in December 2030.
  5. Includes 105,756 square feet that has been pre-leased to Wilson Sonsini through March 2041.
  6. Includes 111,589 square feet leased that expires in March 2032.
  7. Includes 45,647 square feet leased that expires in May 2024.
  8. Includes (i) 17,854 square feet that expires in December 2023, (ii) 53,622 square feet that expires in June 2026 and
    1. 36,596 square feet that expires in February 2032.

6

Experienced and Diverse Management Team

Executive

Management

ALBERT BEHLER

WILBUR PAES

PETER BRINDLEY

GAGE JOHNSON

ERMELINDA BERBERI

Chairman, Chief Executive

Chief Operating Officer, Chief

Head of Real Estate

General Counsel

Chief Accounting Officer

Officer & President

Financial Officer & Treasurer

Senior

Vice

Presidents

MATT

CHRISTOPHER

CHASE

DAVID

EVIN

MARIO

BAUTISTA

BRANDT

CHEHADE

EATON

EPSTEIN

FULGIERI

Construction &

Asset Management

Acquisitions

Leasing,

Energy &

Tax & Compliance

Development

San Francisco

Sustainability

TODD

MAY

BERNARD

DOUGLAS

BHAVESH

RICHARD

JOSEPH

JANUZZI

LAU

MARASCO

NEYE

RAVAL

RECZKA

SZABO

Chief Information &

Human Resources

Counsel - Leasing &

Leasing, New York

SEC & Corporate

Acquisitions &

Property Management

Technology Officer

Property Management

Accounting

Capital Markets

Vice

Presidents

JENNIFER

HOLLY

AARTI

DOUG

LAURA

TIMOTHY

MELISSA

AMATO

BAGLIERI

BALACHANDRAN

BARNES

DOWEK

DEMBO

GRAFFEO

Financial Applications

Tax & Compliance

Treasury

Asset Management

Retail & Special

Legal Counsel

Property Accounting

Projects

THOMAS

SEAN

AMY

NEIL

FRANK

ANDREW

ANDREW

CHRISTOPHER

HENNESSY

KIRK

MONACHELLI

MORGAN

PAPANIA

PHELAN

SGRO

THOMPSON

Investor Relations &

Leasing

Property Management,

Property Management,

Asset Management

Finance

Construction &

Financial Planning &

Business Development

New York

San Francisco

Development

Analysis

7

1

2

3

4

5

6

Introduction to Paramount

Business Update

Balance Sheet & Capital Structure

Portfolio Composition

ESG Strategy

Appendix

8

Large-Block Vacancy & Lease Expirations

3,500,000

3,000,000

458k sf

305k sf

157k sf

329k sf

PGRE's Share of Sq. Ft. of Expiring

Large-Block Vacancies/Upcoming Roll (PGRE share)

1301 Avenue of the Americas, NY

258k sf/56% Leased

200k sf/Currently Vacant

1301 Avenue of the Americas, NY

161k sf/53% Leased

144k sf/Currently Vacant

Market Center, SF

51k sf/

106k sf/

33% Leased

Currently Vacant

31 West 52nd Street, NY

106k sf/

223k sf/Expires June 2024

32% Leased

leased

vacant

vacant upon expiration

2,500,000

2,000,000

1,500,000

1,000,000

500,000

0

5-Year

2,202,590sf

Average:

738,690 sf or

9.4% per

annum

1,046,290sf

28.1%

953,368sf

815,129sf

649,950sf

538,315sf

551,576sf

519,453sf

13.3%

12.1%

10.4%

248,232sf

8.3%

219,154sf

6.9%

7.0%

6.6%

105,490sf

2.8%

3.2%

1.3%

Note: Figures do not include 7,141 sf of month-to-month leases at our share and existing vacant space.

9

1

2

3

4

5

6

Introduction to Paramount

Business Update

Balance Sheet & Capital Structure

Portfolio Composition

ESG Strategy

Appendix

1 0

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Disclaimer

Paramount Group Inc. published this content on 01 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 November 2023 21:05:17 UTC.