Grufity logoGrufity logo

Paramount Group Inc Stock Research

PGRE

6.40USD+0.21(+3.39%)Market Closed

Market Summary

USD6.40+0.21
Market Closed
3.39%

PGRE Alerts

PGRE Stock Price

PGRE RSI Chart

PGRE Valuation

Market Cap

1.4B

Price/Earnings (Trailing)

528.1

Price/Sales (Trailing)

1.92

EV/EBITDA

2.44

Price/Free Cashflow

6.17

PGRE Price/Sales (Trailing)

PGRE Profitability

EBT Margin

2.67%

Return on Equity

0.07%

Return on Assets

0.03%

Free Cashflow Yield

16.2%

PGRE Fundamentals

PGRE Revenue

Revenue (TTM)

740.6M

Revenue Y/Y

4.47%

Revenue Q/Q

0.88%

PGRE Earnings

Earnings (TTM)

2.7M

Earnings Y/Y

25.21%

Earnings Q/Q

-326.94%

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

Dividend Yield

4.73%

Dividend/Share (TTM)

0.3

Shares Dilution (1Y)

1.72%

Diluted EPS (TTM)

0.02

Peers (Alternatives to Paramount Group)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
52.5B
4.0B
7.67% -8.93%
11.52
13.06
24.01% 170.44%
36.1B
4.0B
11.78% -8.09%
14.04
7.05
-3.96% -2.35%
32.0B
4.6B
11.98% -21.93%
22.2
7
4.35% 106.20%
23.9B
2.5B
12.96% -11.45%
44.1
9.58
24.01% -42.18%
23.8B
2.7B
8.93% -25.05%
20.82
8.78
11.91% 8.14%
13.1B
1.7B
-4.07% -13.87%
50.83
7.71
40.37% -73.28%
MID-CAP
9.0B
1.0B
11.82% -6.19%
23.51
8.63
14.39% 59.45%
4.7B
760.3M
4.25% 8.52%
-42.67
6.22
172.75% -1146.68%
4.5B
-
12.49% -36.11%
28.41
13.26
-77.01% 441.99%
2.9B
828.2M
23.71% -12.14%
-34.67
3.55
9.54% 46.68%
2.6B
-
20.65% -40.24%
-39.69
2.65
-9.84% -109.68%
2.0B
-
9.49% 23.30%
23.66
4.36
4.67% 1705.32%
SMALL-CAP
1.4B
740.6M
12.63% -22.19%
528.1
1.92
2.16% 107.41%
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/Q2022Q32022Q22022Q12021Q42021Q3
Revenue1.1%741733729727725
Operating Expenses1.1%562556556558566
  S&GA Expenses-0.2%5959605964
EBITDA-0.6%391393381380-
EBITDA Margin-1.6%0.53*0.54*0.52*0.52*-
Earnings Before Taxes-15.4%202396-2.53
EBT Margin-16.3%0.03*0.03*0.01*0.01*-
Interest Expenses0.5%143142142142142
Net Income23.8%32-13.40-20.35-36.40
Net Income Margin22.4%0.00*0.00*-0.02*-0.03*-
Free Cahsflow-4.3%231241245244-
* denotes actual numbers (not divided by Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets0.2%8,4968,4828,4998,4958,546
    Cash Equivalents-7.4%469507462525495
Liabilities1.1%4,0734,0314,0364,0404,082
Shareholder's Equity-17.5%3,6744,4514,4633,5884,463
  Additional Paid-In Capital-0.4%4,2104,2294,1204,1234,118
Shares Outstanding-1.4%222226219219219
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-4.3%231241245244286
  Share Based Compensation-0.2%1919201920
Cashflow From Investing8.0%-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 Payments3.4%6563616168
  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 ascendingFund NameType% 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
-
-
-%

1–10 of 44

Latest Funds Activity

Are funds buying PGRE calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own PGRE
No. of Funds

Paramount Group News

SETE News

There is no way Paramount Group Inc. (PGRE) can keep these ....

SETE News,
34 hours ago

Stocks Register

Seeking Alpha

Zacks Investment Research

Seeking Alpha

Indexology: REITs Vs. The S&P 500.

Seeking Alpha,
31 days ago

Schedule 13G FIlings of Paramount Group

Date FiledName of FilerPercent of ClassNo. of SharesForm 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 ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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
-

1–10 of 21

Albert P. Behler
320
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

2022-09-30
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:    
Rental revenue$ 179,250,000$ 170,851,000$ 526,415,000$ 518,625,000
Fee and other income7,897,0008,280,00029,934,00023,941,000
Total revenues187,147,000179,131,000556,349,000542,566,000
Expenses:    
Operating72,845,00067,131,000207,320,000197,821,000
Depreciation and amortization58,284,00057,522,000171,306,000175,752,000
General and administrative13,150,00013,257,00045,501,00046,039,000
Transaction related costs105,00087,000381,000503,000
Total expenses144,384,000137,997,000424,508,000420,115,000
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 funds300,000276,000625,000604,000
Interest and other income, net1,580,000138,0002,607,0002,510,000
Interest and debt expense(36,949,000)(36,266,000)(106,804,000)(105,919,000)
Income (loss) before income taxes1,897,0005,505,00012,943,000(1,164,000)
Income tax expense(673,000)(873,000)(1,559,000)(2,448,000)
Net income (loss)1,224,0004,632,00011,384,000(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 fund1,309,000(3,123,000)2,677,000(3,179,000)
Operating Partnership109,000204,000(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 outstanding224,864,791218,706,356222,228,605218,689,696
(Loss) Income per Common Share - Diluted:    
(Loss) income per common share$ (0.01)$ (0.01)$ 0.01$ (0.10)
Weighted average shares outstanding224,864,791218,706,356222,262,748218,689,696

PGRE Balance Sheet

2022-09-30
CONSOLIDATED 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 improvements6,152,652,0006,061,824,000
Rental property, at cost8,118,889,0008,028,061,000
Accumulated depreciation and amortization(1,248,059,000)(1,112,977,000)
Real estate, net6,870,830,0006,915,084,000
Cash and cash equivalents469,398,000524,900,000
Restricted cash40,456,0004,766,000
Investments in unconsolidated joint ventures428,785,000408,096,000
Investments in unconsolidated real estate funds14,558,00011,421,000
Accounts and other receivables19,865,00015,582,000
Deferred rent receivable340,540,000332,735,000
Deferred charges, net of accumulated amortization of $65,144 and $70,666123,864,000122,177,000
Intangible assets, net of accumulated amortization of $239,733 and $252,14297,371,000119,413,000
Other assets90,813,00040,388,000
Total assets[1]8,496,480,0008,494,562,000
Liabilities and Equity  
Notes and mortgages payable, net of unamortized deferred financing costs of $18,856 and $22,3803,839,144,0003,835,620,000
Revolving credit facility00
Accounts payable and accrued expenses152,371,000116,192,000
Dividends and distributions payable18,564,00016,895,000
Intangible liabilities, net of accumulated amortization of $99,689 and $105,79039,037,00045,328,000
Other liabilities24,171,00025,495,000
Total liabilities[1]4,073,287,0004,039,530,000
Commitments and contingencies
Paramount Group, Inc. equity:  
Common stock $0.01 par value per share; authorized 900,000,000 shares; issued and outstanding 222,461,093 and 218,991,795 shares in 2022 and 2021, respectively2,224,0002,190,000
Additional paid-in-capital4,210,442,0004,122,680,000
Earnings less than distributions(589,623,000)(538,845,000)
Accumulated other comprehensive income51,320,0002,138,000
Paramount Group, Inc. equity3,674,363,0003,588,163,000
Noncontrolling interests in:  
Consolidated joint ventures407,402,000428,833,000
Consolidated real estate fund79,248,00081,925,000
Operating Partnership (15,822,806 and 21,740,404 units outstanding)262,180,000356,111,000
Total equity4,423,193,0004,455,032,000
Total liabilities and equity$ 8,496,480,000$ 8,494,562,000
[1]Represents the consolidated assets and liabilities of Paramount Group Operating Partnership LP, a Delaware limited partnership (the “Operating Partnership”). The Operating Partnership is a consolidated variable interest entity (“VIE”), of which we are the sole general partner and own approximately 93.4% as of September 30, 2022. As of September 30, 2022, the assets and liabilities of the Operating Partnership include $3,940,253 and $2,585,416 of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership. See Note 11, Variable Interest Entities (“VIEs”).