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Paramount Group Inc Stock Research

PGRE

4.51USD+0.25(+5.87%)Market Closed

Market Summary

USD4.51+0.25
Market Closed
5.87%

PGRE Alerts

PGRE Stock Price

PGRE RSI Chart

PGRE Valuation

Market Cap

925.3M

Price/Earnings (Trailing)

-24.32

Price/Sales (Trailing)

1.24

EV/EBITDA

1.32

Price/Free Cashflow

3.76

PGRE Price/Sales (Trailing)

PGRE Profitability

EBT Margin

-3.37%

Return on Equity

-1.01%

Return on Assets

-0.43%

Free Cashflow Yield

26.58%

PGRE Fundamentals

PGRE Revenue

Revenue (TTM)

745.2M

Revenue Y/Y

2.61%

Revenue Q/Q

2.42%

PGRE Earnings

Earnings (TTM)

-38.0M

Earnings Y/Y

-48.71%

Earnings Q/Q

104.56%

Price Action

52 Week Range

3.988.86
(Low)(High)

Last 7 days

-1.2%

Last 30 days

0.5%

Last 90 days

-19.2%

Trailing 12 Months

-52.1%

PGRE Financial Health

PGRE Investor Care

Dividend Yield

7.28%

Dividend/Share (TTM)

0.31

Buy Backs (1Y)

0.85%

Diluted EPS (TTM)

-0.17

Peers (Alternatives to Paramount Group)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
50.6B
4.3B
-1.18% -10.19%
11.63
11.76
18.80% 113.99%
30.7B
4.9B
10.59% -20.46%
82.21
6.26
9.82% -73.28%
23.9B
2.0B
-1.28% -18.49%
26.03
12.09
-20.93% -31.79%
19.7B
2.7B
-6.01% -30.25%
26.3
7.37
18.91% 81.13%
13.2B
1.7B
-4.07% -25.83%
104.43
7.61
15.49% -81.09%
MID-CAP
7.4B
1.1B
-8.78% -21.04%
19.11
6.81
10.19% 46.60%
4.4B
814.4M
-5.06% -2.82%
480.55
5.4
63.41% 107.43%
2.7B
1.8B
-4.02% -58.75%
-7.41
1.51
9.23% -286.27%
2.2B
857.9M
-7.05% -14.51%
-24.97
2.55
-1.75% -315.36%
SMALL-CAP
2.1B
421.5M
5.92% 21.93%
24.16
5.1
1.34% 437.34%
1.6B
862.4M
1.35% -59.50%
-12.39
1.8
7.01% -127.00%
1.3B
184.6M
5.87% 32.38%
13.6
6.79
2.55% 1950.56%
925.3M
745.2M
0.47% -52.12%
-24.32
1.24
2.17% -183.81%

Financials for Paramount Group

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue0.6%745740741733729
Operating Expenses1.0%576570562556556
  S&GA Expenses-1.7%58.0059.0059.0059.0060.00
EBITDA-10.1%351391393381-
EBITDA Margin-10.0%0.47*0.53*0.54*0.52*-
Earnings Before Taxes7.8%-22.98-24.9320.0023.009.00
EBT Margin-225.9%-0.03*0.03*0.03*0.01*-
Interest Expenses1.5%146144143142142
Net Income-4.5%-38.04-36.403.002.00-13.40
Net Income Margin-1450.8%-0.05*0.00*0.00*-0.02*-
Free Cahsflow6.9%247231241245-
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets0.3%8,4808,4538,4968,4828,499
    Cash Equivalents10.5%452409469507462
Liabilities0.0%4,0434,0424,0734,0314,036
Shareholder's Equity23.5%4,4373,5923,6744,4514,463
  Additional Paid-In Capital-0.1%4,1824,1864,2104,2294,120
Shares Outstanding0.3%217217222226219
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations-0.3%246247231241245
  Share Based Compensation-7.6%18.0019.0019.0019.0020.00
Cashflow From Investing45.4%-83.31-152-100-109-165
Cashflow From Financing31.0%-119-173-142-107-99.27
  Dividend Payments2.2%69.0067.0065.0063.0061.00
  Buy Backs-25.9%63.0085.00---

Risks for PGRE

What is the probability of a big loss on PGRE?

78.8%


Probability that Paramount Group stock will be more than 20% underwater in next one year

44.2%


Probability that Paramount Group stock will be more than 30% underwater in next one year.

35.4%


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

-15.2%


7-Year Cumulative Returns

-20.2%


5-Year Cumulative Returns

-16.8%


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
2023-06-01
MACQUARIE GROUP LTD
added
0.28
-52,321
175,021
-%
2023-05-26
ProShare Advisors LLC
reduced
-8.53
-42,639
100,521
-%
2023-05-23
Brookfield Corp /ON/
unchanged
-
-6,344,480
20,964,400
0.08%
2023-05-22
AMERIPRISE FINANCIAL INC
new
-
274,471
274,471
-%
2023-05-18
NEW YORK STATE COMMON RETIREMENT FUND
reduced
-27.39
-337,000
424,000
-%
2023-05-18
JPMORGAN CHASE & CO
reduced
-29.07
-4,937,000
5,902,000
-%
2023-05-17
VIRGINIA RETIREMENT SYSTEMS ET AL
sold off
-100
-1,639,740
-
-%
2023-05-16
Baker Avenue Asset Management, LP
new
-
1,017
1,017
-%
2023-05-16
JANE STREET GROUP, LLC
sold off
-100
-259,738
-
-%
2023-05-16
Strategic Family Wealth Counselors, L.L.C.
new
-
421,509
421,509
0.20%

1–10 of 45

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

MarketBeat
Paramount Group, Inc. (NYSE:PGRE) Shares Bought by First Trust ....
MarketBeat,
38 hours ago
InvestorsObserver
Seeking Alpha
The Fall Of Office REITs (NYSE:BDN).
Seeking Alpha,
11 days ago
InvestorsObserver
InvestorsObserver
Yahoo Finance
Seeking Alpha
Morningstar
Marketscreener.com

Schedule 13G FIlings of Paramount Group

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
norges bank
8.36%
18,378,272
SC 13G/A
Feb 09, 2023
vanguard group inc
12.34%
27,118,564
SC 13G/A
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
norges bank
9.03%
19,882,031
SC 13G/A
Feb 10, 2021
vanguard group inc
11.52%
25,354,463
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

PGRE Fair Value

Show Fair-Value

Recent SEC filings of Paramount Group

View All Filings
Date Filed Form Type Document
May 23, 2023
8-K
Current Report
May 22, 2023
4
Insider Trading
May 22, 2023
4
Insider Trading
May 22, 2023
4
Insider Trading
May 22, 2023
4
Insider Trading
May 22, 2023
4
Insider Trading
May 22, 2023
4
Insider Trading
May 22, 2023
4
Insider Trading
May 22, 2023
4
Insider Trading
May 22, 2023
4
Insider Trading

Latest Insider Trading transactions for PGRE

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-05-18
Saito Hitoshi
acquired
-
-
27,650
-
2023-05-18
Armbrust Thomas
acquired
-
-
27,650
-
2023-03-23
Behler Albert P.
bought
205,050
4.101
50,000
chairman, ceo and president
2023-03-23
Johnson Gage R.
acquired
-
-
3,000
svp, gc and secretary
2023-03-23
Johnson Gage R.
bought
17,851
3.967
4,500
svp, gc and secretary
2023-03-22
Behler Albert P.
bought
130,770
4.359
30,000
chairman, ceo and president
2023-03-21
Behler Albert P.
bought
86,900
4.345
20,000
chairman, ceo and president
2023-03-20
Behler Albert P.
bought
127,950
4.265
30,000
chairman, ceo and president
2023-03-17
Behler Albert P.
bought
171,200
4.28
40,000
chairman, ceo and president
2023-03-10
Behler Albert P.
bought
48,070
4.807
10,000
chairman, ceo and president

1–10 of 41

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

2023-03-31
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:  
Rental revenue$ 181,713,000$ 169,922,000
Fee and other income6,761,00013,763,000
Total revenues188,474,000183,685,000
Expenses:  
Operating70,309,00066,661,000
Depreciation and amortization58,888,00055,624,000
General and administrative14,623,00015,645,000
Transaction related costs128,000117,000
Total expenses143,948,000138,047,000
Other income (expense):  
Income from real estate related fund investments3,550,0000
(Loss) income from unconsolidated real estate related funds(178,000)170,000
Loss from unconsolidated joint ventures(5,762,000)(5,113,000)
Interest and other income, net2,925,000231,000
Interest and debt expense(36,459,000)(34,277,000)
Income before income taxes8,602,0006,649,000
Income tax expense(288,000)(527,000)
Net income8,314,0006,122,000
Less net (income) loss attributable to noncontrolling interests in:  
Consolidated joint ventures(5,641,000)(3,425,000)
Consolidated real estate related funds(823,000)1,016,000
Operating Partnership(121,000)(342,000)
Net income attributable to common stockholders$ 1,729,000$ 3,371,000
Income per Common Share - Basic:  
Income per common share$ 0.01$ 0.02
Weighted average shares outstanding216,563,108218,782,296
Income per Common Share - Diluted:  
Income per common share$ 0.01$ 0.02
Weighted average shares outstanding216,617,020218,840,094

PGRE Balance Sheet

2023-03-31
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Real estate, at cost:  
Land$ 1,966,237,000$ 1,966,237,000
Buildings and improvements6,185,311,0006,177,540,000
Rental property, at cost8,151,548,0008,143,777,000
Accumulated depreciation and amortization(1,337,552,000)(1,297,553,000)
Real estate, net6,813,996,0006,846,224,000
Cash and cash equivalents451,796,000408,905,000
Restricted cash59,179,00040,912,000
Accounts and other receivables19,409,00023,866,000
Real estate related fund investments108,176,000105,369,000
Investments in unconsolidated real estate related funds3,180,0003,411,000
Investments in unconsolidated joint ventures385,034,000393,503,000
Deferred rent receivable354,326,000346,338,000
Deferred charges, net of accumulated amortization of $72,965 and $68,686120,359,000120,685,000
Intangible assets, net of accumulated amortization of $185,725 and $246,72384,352,00090,381,000
Other assets80,282,00073,660,000
Total assets[1]8,480,089,0008,453,254,000
Liabilities and Equity  
Notes and mortgages payable, net of unamortized deferred financing costs of $16,508 and $17,6823,841,492,0003,840,318,000
Revolving credit facility00
Accounts payable and accrued expenses118,932,000123,176,000
Dividends and distributions payable18,110,00018,026,000
Intangible liabilities, net of accumulated amortization of $104,415 and $102,53333,938,00036,193,000
Other liabilities30,537,00024,775,000
Total liabilities[1]4,043,009,0004,042,488,000
Commitments and contingencies
Paramount Group, Inc. equity:  
Common stock $0.01 par value per share; authorized 900,000,000 shares; issued and outstanding 217,211,716 and 216,559,406 shares in 2023 and 2022, respectively2,171,0002,165,000
Additional paid-in-capital4,181,983,0004,186,161,000
Earnings less than distributions(659,641,000)(644,331,000)
Accumulated other comprehensive income38,058,00048,296,000
Paramount Group, Inc. equity3,562,571,0003,592,291,000
Noncontrolling interests in:  
Consolidated joint ventures403,902,000402,118,000
Consolidated real estate related funds220,206,000173,375,000
Operating Partnership (15,212,454 and 14,586,411 units outstanding)250,401,000242,982,000
Total equity4,437,080,0004,410,766,000
Total liabilities and equity$ 8,480,089,000$ 8,453,254,000
[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 93.5% as of March 31, 2023. As of March 31, 2023, the assets and liabilities of the Operating Partnership include $4,065,842 and $2,587,614 of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership. See Note 12, Variable Interest Entities (“VIEs”).