Market Summary
USD6.40+0.21
Market Closed3.39%
PGRE Alerts
PGRE Stock Price
PGRE RSI Chart
PGRE Valuation
PGRE Price/Sales (Trailing)
PGRE Profitability
PGRE Fundamentals
PGRE Revenue
PGRE Earnings
Price Action
52 Week Range
5.4811.34
(Low)(High)
Last 7 days
4.1%
Last 30 days
12.6%
Last 90 days
-2.0%
Trailing 12 Months
-22.2%
PGRE Financial Health
PGRE Investor Care
Peers (Alternatives to Paramount Group)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
PSA | 52.5B | 4.0B | 7.67% | -8.93% | 11.52 | 13.06 | 24.01% | 170.44% |
SPG | 36.1B | 4.0B | 11.78% | -8.09% | 14.04 | 7.05 | -3.96% | -2.35% |
DLR | 32.0B | 4.6B | 11.98% | -21.93% | 22.2 | 7 | 4.35% | 106.20% |
ARE | 23.9B | 2.5B | 12.96% | -11.45% | 44.1 | 9.58 | 24.01% | -42.18% |
EQR | 23.8B | 2.7B | 8.93% | -25.05% | 20.82 | 8.78 | 11.91% | 8.14% |
KIM | 13.1B | 1.7B | -4.07% | -13.87% | 50.83 | 7.71 | 40.37% | -73.28% |
| MID-CAP | ||||||||
FRT | 9.0B | 1.0B | 11.82% | -6.19% | 23.51 | 8.63 | 14.39% | 59.45% |
KRG | 4.7B | 760.3M | 4.25% | 8.52% | -42.67 | 6.22 | 172.75% | -1146.68% |
VNO | 4.5B | - | 12.49% | -36.11% | 28.41 | 13.26 | -77.01% | 441.99% |
MAC | 2.9B | 828.2M | 23.71% | -12.14% | -34.67 | 3.55 | 9.54% | 46.68% |
SLG | 2.6B | - | 20.65% | -40.24% | -39.69 | 2.65 | -9.84% | -109.68% |
SKT | 2.0B | - | 9.49% | 23.30% | 23.66 | 4.36 | 4.67% | 1705.32% |
| SMALL-CAP | ||||||||
PGRE | 1.4B | 740.6M | 12.63% | -22.19% | 528.1 | 1.92 | 2.16% | 107.41% |
AIV | 1.1B | 195.1M | 8.56% | 15.83% | 3.83 | 5.82 | 20.60% | 1640.65% |
Financials for Paramount Group
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 |
| Revenue | 1.1% | 741 | 733 | 729 | 727 | 725 |
| Operating Expenses | 1.1% | 562 | 556 | 556 | 558 | 566 |
| S&GA Expenses | -0.2% | 59 | 59 | 60 | 59 | 64 |
| EBITDA | -0.6% | 391 | 393 | 381 | 380 | - |
| EBITDA Margin | -1.6% | 0.53* | 0.54* | 0.52* | 0.52* | - |
| Earnings Before Taxes | -15.4% | 20 | 23 | 9 | 6 | -2.53 |
| EBT Margin | -16.3% | 0.03* | 0.03* | 0.01* | 0.01* | - |
| Interest Expenses | 0.5% | 143 | 142 | 142 | 142 | 142 |
| Net Income | 23.8% | 3 | 2 | -13.40 | -20.35 | -36.40 |
| Net Income Margin | 22.4% | 0.00* | 0.00* | -0.02* | -0.03* | - |
| Free Cahsflow | -4.3% | 231 | 241 | 245 | 244 | - |
* denotes actual numbers (not divided by Millions)
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 |
| Assets | 0.2% | 8,496 | 8,482 | 8,499 | 8,495 | 8,546 |
| Cash Equivalents | -7.4% | 469 | 507 | 462 | 525 | 495 |
| Liabilities | 1.1% | 4,073 | 4,031 | 4,036 | 4,040 | 4,082 |
| Shareholder's Equity | -17.5% | 3,674 | 4,451 | 4,463 | 3,588 | 4,463 |
| Additional Paid-In Capital | -0.4% | 4,210 | 4,229 | 4,120 | 4,123 | 4,118 |
| Shares Outstanding | -1.4% | 222 | 226 | 219 | 219 | 219 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 |
| Cashflow From Operations | -4.3% | 231 | 241 | 245 | 244 | 286 |
| Share Based Compensation | -0.2% | 19 | 19 | 20 | 19 | 20 |
| Cashflow From Investing | 8.0% | -100.77 | -109.54 | -165.30 | -103.48 | -28.81 |
| Cashflow From Financing | -32.8% | -142.58 | -107.38 | -99.27 | -76.48 | -281.31 |
| Dividend Payments | 3.4% | 65 | 63 | 61 | 61 | 68 |
| Buy Backs | - | 85 | - | - | - | - |
Risks for PGRE
What is the probability of a big loss on PGRE?
71.9%
Probability that Paramount Group stock will be more than 20% underwater in next one year
37.3%
Probability that Paramount Group stock will be more than 30% underwater in next one year.
28.5%
Probability that Paramount Group stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does PGRE drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Paramount Group was unfortunately bought at previous high price.
Drawdowns
Returns for PGRE
Cumulative Returns on PGRE
-10.1%
7-Year Cumulative Returns
-13.0%
5-Year Cumulative Returns
-20.8%
3-Year Cumulative Returns
What are the long-term rolling returns for PGRE?
FIve years rolling returns for Paramount Group.
Annualized Returns
Which funds bought or sold PGRE recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-01-26 | STRS OHIO | reduced | -5.86 | -125,000 | 1,099,000 | -% |
2023-01-26 | Sumitomo Mitsui DS Asset Management Company, Ltd | unchanged | - | -6,279 | 119,721 | -% |
2023-01-25 | Lindbrook Capital, LLC | sold off | -100 | -11,000 | - | -% |
2023-01-25 | FIFTH THIRD BANCORP | reduced | -10 | -38 | 962 | -% |
2023-01-24 | XPONANCE, INC. | reduced | -0.17 | -2,777 | 64,223 | -% |
2023-01-23 | Allspring Global Investments Holdings, LLC | reduced | -10.34 | -169,442 | 1,002,560 | -% |
2023-01-23 | CAPROCK Group, Inc. | sold off | -100 | -92,000 | - | -% |
2023-01-20 | Presima Securities ULC | reduced | -0.74 | -400,876 | 7,080,120 | 2.04% |
2023-01-13 | JANUS HENDERSON GROUP PLC | added | 92.65 | 170,000 | 428,000 | -% |
2023-01-13 | Allworth Financial LP | sold off | -100 | - | - | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
PGRE Alerts
Paramount Group News
Schedule 13G FIlings of Paramount Group
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Jan 23, 2023 | blackrock inc. | 12.6% | 27,644,295 | SC 13G/A | |
| Mar 04, 2022 | monarch alternative capital lp | 5.57% | 12,200,000 | SC 13D/A | |
| Feb 25, 2022 | monarch alternative capital lp | 5.57% | 12,200,000 | SC 13D | |
| Feb 03, 2022 | blackrock inc. | 8.8% | 19,272,090 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 11.52% | 25,354,463 | SC 13G/A | |
| Feb 10, 2021 | norges bank | 9.03% | 19,882,031 | SC 13G/A | |
| Feb 05, 2021 | blackrock inc. | 5.6% | 12,336,225 | SC 13G/A | |
| Feb 14, 2020 | price t rowe associates inc /md/ | 2.6% | 6,121,978 | SC 13G/A | |
| Feb 11, 2020 | norges bank | 8.74% | 19,882,031 | SC 13G/A | |
| Feb 11, 2020 | vanguard group inc | 12.57% | 28,600,009 | SC 13G/A |
PGRE Fair Value
Recent SEC filings of Paramount Group
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Jan 23, 2023 | SC 13G/A | Major Ownership Report | |
| Dec 23, 2022 | 4 | Insider Trading | |
| Dec 23, 2022 | 4 | Insider Trading | |
| Dec 22, 2022 | 144 | Notice of Insider Sale Intent | |
| Dec 09, 2022 | 4 | Insider Trading | |
| Dec 09, 2022 | 4 | Insider Trading | |
| Dec 07, 2022 | SC 13G/A | Major Ownership Report | |
| Nov 08, 2022 | SC 13D/A | 13D - Major Acquisition | |
| Oct 26, 2022 | 10-Q | Quarterly Report | |
| Oct 26, 2022 | 8-K | Current Report |
Latest Insider Trading transactions for PGRE
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2022-12-23 | Bussmann Martin | sold | -98,702 | 5.806 | -17,000 | - |
2022-12-23 | Behler Albert P. | bought | 117,080 | 5.854 | 20,000 | chairman, ceo and president |
2022-12-22 | Bussmann Martin | acquired | 99,450 | 5.85 | 17,000 | - |
2022-12-08 | Behler Albert P. | bought | 57,980 | 5.798 | 10,000 | chairman, ceo and president |
2022-12-07 | Behler Albert P. | bought | 229,800 | 5.745 | 40,000 | chairman, ceo and president |
2022-12-07 | Armbrust Thomas | bought | 114,180 | 5.709 | 20,000 | - |
2022-05-12 | Saito Hitoshi | acquired | - | - | 13,857 | - |
2022-05-12 | Armbrust Thomas | acquired | - | - | 13,857 | - |
2021-05-13 | Armbrust Thomas | acquired | - | - | 11,731 | - |
2020-11-17 | Armbrust Thomas | bought | 47,150 | 9.43 | 5,000 | - |
Headquartered in New York City, Paramount Group, Inc. is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York City and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.
PGRE Income Statement
2022-09-30CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) | 3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
| Revenues: | ||||
| Rental revenue | $ 179,250,000 | $ 170,851,000 | $ 526,415,000 | $ 518,625,000 |
| Fee and other income | 7,897,000 | 8,280,000 | 29,934,000 | 23,941,000 |
| Total revenues | 187,147,000 | 179,131,000 | 556,349,000 | 542,566,000 |
| Expenses: | ||||
| Operating | 72,845,000 | 67,131,000 | 207,320,000 | 197,821,000 |
| Depreciation and amortization | 58,284,000 | 57,522,000 | 171,306,000 | 175,752,000 |
| General and administrative | 13,150,000 | 13,257,000 | 45,501,000 | 46,039,000 |
| Transaction related costs | 105,000 | 87,000 | 381,000 | 503,000 |
| Total expenses | 144,384,000 | 137,997,000 | 424,508,000 | 420,115,000 |
| Other income (expense): | ||||
| (Loss) income from unconsolidated joint ventures | (5,797,000) | 223,000 | (15,326,000) | (20,810,000) |
| Income from unconsolidated real estate funds | 300,000 | 276,000 | 625,000 | 604,000 |
| Interest and other income, net | 1,580,000 | 138,000 | 2,607,000 | 2,510,000 |
| Interest and debt expense | (36,949,000) | (36,266,000) | (106,804,000) | (105,919,000) |
| Income (loss) before income taxes | 1,897,000 | 5,505,000 | 12,943,000 | (1,164,000) |
| Income tax expense | (673,000) | (873,000) | (1,559,000) | (2,448,000) |
| Net income (loss) | 1,224,000 | 4,632,000 | 11,384,000 | (3,612,000) |
| Less net (income) loss attributable to noncontrolling interests in: | ||||
| Consolidated joint ventures | (4,179,000) | (3,768,000) | (12,383,000) | (16,924,000) |
| Consolidated real estate fund | 1,309,000 | (3,123,000) | 2,677,000 | (3,179,000) |
| Operating Partnership | 109,000 | 204,000 | (204,000) | 2,139,000 |
| Net (loss) income attributable to common stockholders | $ (1,537,000) | $ (2,055,000) | $ 1,474,000 | $ (21,576,000) |
| (Loss) Income per Common Share - Basic: | ||||
| (Loss) income per common share | $ (0.01) | $ (0.01) | $ 0.01 | $ (0.10) |
| Weighted average shares outstanding | 224,864,791 | 218,706,356 | 222,228,605 | 218,689,696 |
| (Loss) Income per Common Share - Diluted: | ||||
| (Loss) income per common share | $ (0.01) | $ (0.01) | $ 0.01 | $ (0.10) |
| Weighted average shares outstanding | 224,864,791 | 218,706,356 | 222,262,748 | 218,689,696 |
PGRE Balance Sheet
2022-09-30CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) | Sep. 30, 2022 | Dec. 31, 2021 | ||
|---|---|---|---|---|
| Real estate, at cost: | ||||
| Land | $ 1,966,237,000 | $ 1,966,237,000 | ||
| Buildings and improvements | 6,152,652,000 | 6,061,824,000 | ||
| Rental property, at cost | 8,118,889,000 | 8,028,061,000 | ||
| Accumulated depreciation and amortization | (1,248,059,000) | (1,112,977,000) | ||
| Real estate, net | 6,870,830,000 | 6,915,084,000 | ||
| Cash and cash equivalents | 469,398,000 | 524,900,000 | ||
| Restricted cash | 40,456,000 | 4,766,000 | ||
| Investments in unconsolidated joint ventures | 428,785,000 | 408,096,000 | ||
| Investments in unconsolidated real estate funds | 14,558,000 | 11,421,000 | ||
| Accounts and other receivables | 19,865,000 | 15,582,000 | ||
| Deferred rent receivable | 340,540,000 | 332,735,000 | ||
| Deferred charges, net of accumulated amortization of $65,144 and $70,666 | 123,864,000 | 122,177,000 | ||
| Intangible assets, net of accumulated amortization of $239,733 and $252,142 | 97,371,000 | 119,413,000 | ||
| Other assets | 90,813,000 | 40,388,000 | ||
| Total assets | [1] | 8,496,480,000 | 8,494,562,000 | |
| Liabilities and Equity | ||||
| Notes and mortgages payable, net of unamortized deferred financing costs of $18,856 and $22,380 | 3,839,144,000 | 3,835,620,000 | ||
| Revolving credit facility | 0 | 0 | ||
| Accounts payable and accrued expenses | 152,371,000 | 116,192,000 | ||
| Dividends and distributions payable | 18,564,000 | 16,895,000 | ||
| Intangible liabilities, net of accumulated amortization of $99,689 and $105,790 | 39,037,000 | 45,328,000 | ||
| Other liabilities | 24,171,000 | 25,495,000 | ||
| Total liabilities | [1] | 4,073,287,000 | 4,039,530,000 | |
| Commitments and contingencies | ||||
| Paramount Group, Inc. equity: | ||||
| Common stock $0.01 par value per share; authorized 900,000,000 shares; issued and outstanding 222,461,093 and 218,991,795 shares in 2022 and 2021, respectively | 2,224,000 | 2,190,000 | ||
| Additional paid-in-capital | 4,210,442,000 | 4,122,680,000 | ||
| Earnings less than distributions | (589,623,000) | (538,845,000) | ||
| Accumulated other comprehensive income | 51,320,000 | 2,138,000 | ||
| Paramount Group, Inc. equity | 3,674,363,000 | 3,588,163,000 | ||
| Noncontrolling interests in: | ||||
| Consolidated joint ventures | 407,402,000 | 428,833,000 | ||
| Consolidated real estate fund | 79,248,000 | 81,925,000 | ||
| Operating Partnership (15,822,806 and 21,740,404 units outstanding) | 262,180,000 | 356,111,000 | ||
| Total equity | 4,423,193,000 | 4,455,032,000 | ||
| Total liabilities and equity | $ 8,496,480,000 | $ 8,494,562,000 | ||
| ||||