PGRE - Paramount Group Inc Stock Price, Fair Value and News

4.83USD+0.03 (+0.63%)Market Closed

Market Summary

USD4.83+0.03

Market Closed

0.63%

PGRE Alerts

Big jump in Earnings (Y/Y)

PGRE Stock Price

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PGRE RSI Chart

PGRE Valuation

Market Cap

1.0B

Price/Earnings (Trailing)

-4.17

Price/Sales (Trailing)

1.41

EV/EBITDA

16.73

Price/Free Cashflow

3.62

PGRE Price/Sales (Trailing)

PGRE Profitability

EBT Margin

-48.63%

Return on Equity

-6.17%

Return on Assets

-3.17%

Free Cashflow Yield

27.61%

PGRE Fundamentals

PGRE Revenue

Revenue (TTM)

743.2M

Rev. Growth (Yr)

0.21%

Rev. Growth (Qtr)

-1.87%

PGRE Earnings

Earnings (TTM)

-251.6M

Earnings Growth (Yr)

470.56%

Earnings Growth (Qtr)

104.8%

Breaking Down PGRE Revenue

Last 7 days

1.1%

Last 30 days

7.8%

Last 90 days

-0.6%

Trailing 12 Months

11.3%

How does PGRE drawdown profile look like?

PGRE Financial Health

PGRE Investor Care

Dividend Yield

2.9%

Dividend/Share (TTM)

0.14

Shares Dilution (1Y)

0.05%

Diluted EPS (TTM)

-1.16

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	743.2M	0	0	0
2023	745.2M	732.3M	734.3M	742.8M
2022	729.3M	732.6M	740.6M	740.4M
2021	711.4M	722.6M	724.9M	726.8M
2020	743.4M	733.1M	718.6M	714.2M
2019	759.1M	749.0M	747.7M	743.8M
2018	722.0M	735.7M	748.5M	759.0M
2017	691.7M	697.1M	705.5M	719.0M
2016	674.1M	683.5M	687.1M	683.3M
2015	0	0	0	662.4M
2014	0	0	0	0

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Paramount Group Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Aug 17, 2023	behler albert p.	bought	94,540	4.727	20,000	chairman, ceo and president
Aug 16, 2023	behler albert p.	bought	231,950	4.639	50,000	chairman, ceo and president
May 18, 2023	saito hitoshi	acquired	-	-	27,650	-
May 18, 2023	armbrust thomas	acquired	-	-	27,650	-
Mar 23, 2023	behler albert p.	bought	205,050	4.101	50,000	chairman, ceo and president
Mar 23, 2023	johnson gage r.	acquired	-	-	3,000	svp, gc and secretary
Mar 23, 2023	johnson gage r.	bought	17,851	3.967	4,500	svp, gc and secretary
Mar 22, 2023	behler albert p.	bought	130,770	4.359	30,000	chairman, ceo and president
Mar 21, 2023	behler albert p.	bought	86,900	4.345	20,000	chairman, ceo and president
Mar 20, 2023	behler albert p.	bought	127,950	4.265	30,000	chairman, ceo and president

Which funds bought or sold PGRE recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 17, 2024	New Covenant Trust Company, N.A.	new	-	4,592	4,592	-%
May 16, 2024	JANE STREET GROUP, LLC	reduced	-57.63	-661,221	412,898	-%
May 16, 2024	B. Riley Wealth Advisors, Inc.	added	23.08	68,150	744,800	0.02%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-6.00	-133,688	774,174	-%
May 15, 2024	Quinn Opportunity Partners LLC	unchanged	-	-6,912	67,536	0.01%
May 15, 2024	AQR CAPITAL MANAGEMENT LLC	added	12.71	1,810	82,338	-%
May 15, 2024	BROOKFIELD Corp /ON/	unchanged	-	-2,206,780	21,562,000	0.13%
May 15, 2024	MORGAN STANLEY	reduced	-17.82	-1,806,190	5,290,090	-%
May 15, 2024	DARK FOREST CAPITAL MANAGEMENT LP	added	631	452,140	532,404	0.09%
May 15, 2024	Cubist Systematic Strategies, LLC	sold off	-100	-253,811	-	-%

Are Funds Buying or Selling PGRE?

Are funds buying PGRE calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own PGRE

No. of Funds

PGRE Alerts

Big jump in Earnings (Y/Y)

Unveiling Paramount Group Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	11.77%	25,584,146	SC 13G/A
Jan 23, 2024	blackrock inc.	14.1%	30,665,348	SC 13G/A
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
Dec 07, 2022	blackrock inc.	12.0%	26,485,816	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

Recent SEC filings of Paramount Group Inc

View All Filings

Date Filed	Form Type	Document
May 17, 2024	8-K	Current Report
May 17, 2024	S-8	Employee Benefits Plan
May 15, 2024	DEFA14A	DEFA14A
May 01, 2024	10-Q	Quarterly Report
May 01, 2024	8-K	Current Report
Apr 04, 2024	ARS	ARS
Apr 04, 2024	DEF 14A	DEF 14A
Apr 04, 2024	DEFA14A	DEFA14A
Mar 04, 2024	4	Insider Trading
Mar 04, 2024	4	Insider Trading

Peers (Alternatives to Paramount Group Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	90.9B	11.2B	13.13%	1.87%	46.04	8.11	3.63%	50.79%
CCI	44.7B	6.8B	10.57%	-9.74%	32.06	6.53	-2.39%	-16.60%
AVB	28.3B	2.8B	9.91%	13.04%	29.6	10.08	5.72%	-6.47%
ARE	21.7B	3.0B	6.63%	6.21%	110.61	7.35	10.44%	-73.79%
AMH	13.5B	-	6.12%	9.11%	31.9	8.3	8.93%	11.87%
REG	11.3B	1.4B	6.30%	4.57%	30.12	8.22	10.48%	-2.93%
BXP	9.9B	3.3B	9.08%	28.09%	51.64	3	4.82%	-75.15%
MID-CAP
FRT	8.5B	1.2B	5.40%	14.57%	35.59	7.38	5.48%	-38.69%
SLG	3.4B	892.3M	6.62%	140.10%	-6.71	3.85	-5.33%	-307.54%
MAC	3.4B	878.0M	1.11%	67.10%	-9.8	3.82	2.35%	-290.60%
SMALL-CAP
AAT	1.4B	444.1M	12.17%	21.82%	20.36	3.15	3.54%	8.91%
AIV	1.2B	198.2M	6.70%	-0.84%	-7.55	6.02	-43.33%	-308.08%
MFA	1.1B	650.2M	7.51%	2.13%	36.77	1.73	27.93%	140.31%
NYMT	572.0M	285.4M	-8.06%	-36.92%	-4.15	2	11.05%	83.70%
IVR	459.4M	277.2M	15.74%	-12.95%	-56.03	1.66	25.89%	94.64%

Paramount Group Inc News

Latest updates

Paramount Group Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-1.9%	189	192	189	173	188	184	187	186	184	184	179	182	181	182	177	171	184	187	191	181	184
Operating Expenses	-7.5%	150	162	151	150	144	145	144	142	138	138	138	143	140	146	144	141	138	141	147	143	144
S&GA Expenses	-100.0%	-	16.00	15.00	16.00	15.00	14.00	13.00	17.00	16.00	13.00	13.00	18.00	14.00	18.00	17.00	18.00	12.00	17.00	16.00	18.00	17.00
EBITDA Margin	36.9%	0.06*	0.05*	0.35*	0.38*	0.48*	0.47*	0.53*	0.54*	0.52*	0.52*	0.52*	0.50*	0.51*	0.51*	0.51*	0.52*	0.53*	0.54*	-	-	-
Interest Expenses	-5.7%	38.00	41.00	39.00	37.00	36.00	37.00	37.00	36.00	34.00	36.00	36.00	35.00	35.00	36.00	36.00	36.00	37.00	45.00	37.00	37.00	37.00
Income Taxes	14.9%	0.00	0.00	0.00	1.00	0.00	2.00	1.00	0.00	1.00	1.00	1.00	0.00	1.00	0.00	0.00	0.00	1.00	-0.51	-0.58	0.00	1.00
Earnings Before Taxes	106.3%	17.00	-271	-24.80	-82.26	9.00	-37.87	2.00	4.00	7.00	7.00	6.00	-9.69	3.00	-1.37	-5.88	-9.69	4.00	-12.27	7.00	3.00	6.00
EBT Margin	2.3%	-0.49*	-0.50*	-0.19*	-0.15*	-0.03*	-0.03*	0.03*	0.03*	0.01*	0.01*	0.00*	-0.02*	-0.02*	-0.02*	-0.03*	-0.01*	0.00*	0.01*	-	-	-
Net Income	104.8%	10.00	-205	-8.38	-47.54	2.00	-37.88	-1.54	-0.36	3.00	1.00	-2.06	-15.94	-3.58	-14.82	-6.96	-6.27	3.00	-50.14	7.00	2.00	4.00
Net Income Margin	3.2%	-0.34*	-0.35*	-0.13*	-0.12*	-0.05*	-0.05*	0.00*	0.00*	-0.02*	-0.03*	-0.05*	-0.06*	-0.04*	-0.03*	-0.08*	-0.06*	-0.05*	-0.05*	-	-	-
Free Cashflow	-31.7%	70.00	102	38.00	80.00	58.00	72.00	43.00	72.00	59.00	56.00	54.00	76.00	58.00	98.00	36.00	76.00	27.00	79.00	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-1.0%	7,930	8,006	8,289	8,368	8,480	8,453	8,496	8,482	8,499	8,495	8,546	8,533	8,572	8,554	8,806	8,833	8,754	8,734	8,580	8,854	8,722
Cash Equivalents	-35.5%	276	428	400	435	452	409	469	507	462	525	495	475	465	435	516	523	378	306	298	283	342
Liabilities	-3.5%	3,851	3,991	3,979	4,020	4,043	4,042	4,073	4,031	4,036	4,040	4,082	4,053	4,066	4,038	4,253	4,246	4,247	4,103	3,877	4,040	3,867
Shareholder's Equity	27.3%	4,079	3,203	3,429	4,348	4,437	3,592	4,423	4,451	4,463	4,455	4,463	4,480	4,506	4,516	4,553	4,588	4,507	4,631	4,703	4,813	4,855
Retained Earnings	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-276	-260	-239
Additional Paid-In Capital	-0.1%	4,132	4,134	4,128	4,184	4,182	4,186	4,210	4,229	4,120	4,123	4,118	4,114	4,111	4,120	4,128	4,134	4,102	4,133	4,134	4,214	4,218
Shares Outstanding	0.0%	217	217	217	217	217	217	222	221	219	219	219	219	219	222	224	225	228	232	-	-	-
Float	-	-	-	-	810	-	-	-	1,386	-	-	-	1,863	-	-	-	1,448	-	-	-	2,806	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-31.7%	69,890	102,262	37,541	80,088	57,968	72,220	43,315	72,428	58,674	56,246	53,602	76,128	58,330	97,703	36,458	76,151	26,960	78,794	99,834	12,362	94,451
Share Based Compensation	-1.8%	6,194	6,310	4,680	4,214	5,117	4,150	4,149	4,142	6,562	4,191	4,192	4,743	5,486	5,098	4,503	4,241	5,397	5,001	5,174	5,083	7,602
Cashflow From Investing	22.4%	-41,248	-53,153	-23,063	-64,999	-18,883	-66,911	-17,571	20,057	-88,158	-15,103	-26,335	-35,701	-26,344	59,568	-16,741	-2,907	115	-265,053	198,597	-200,339	-56,645
Cashflow From Financing	-799.3%	-90,230	-10,033	-51,386	-18,633	22,073	-65,346	-47,757	-28,944	-31,856	-34,023	-12,562	-20,826	-9,070	-238,854	-29,269	84,963	39,690	194,308	-281,372	133,885	-42,744
Dividend Payments	-100.0%	-	7,606	7,607	16,833	16,827	17,269	17,486	16,978	15,329	15,327	15,327	15,326	15,317	22,060	22,176	22,246	22,743	22,795	23,439	23,448	23,356
Buy Backs	-	-	-	-	-	-	43,153	21,313	-	-	-	-	-	-	11,480	8,520	2,987	97,013	8,132	82,517	6,488	-

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PGRE Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)	3 Months Ended
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)	Mar. 31, 2024	Mar. 31, 2023
Revenues:
Rental revenue	$ 179,723,000	$ 181,713,000
Fee and other income	9,154,000	6,761,000
Total revenues	188,877,000	188,474,000
Expenses:
Operating	71,740,000	70,309,000
Depreciation and amortization	61,114,000	58,888,000
General and administrative	16,634,000	14,623,000
Transaction related costs	178,000	128,000
Total expenses	149,666,000	143,948,000
Other income (expense):
(Loss) income from real estate related fund investments	(43,000)	3,550,000
Income (loss) from unconsolidated real estate related funds	105,000	(178,000)
Loss from unconsolidated joint ventures	(1,346,000)	(5,762,000)
Interest and other income, net	19,420,000	2,925,000
Interest and debt expense	(40,269,000)	(36,459,000)
Income before income taxes	17,078,000	8,602,000
Income tax expense	(347,000)	(288,000)
Net income	16,731,000	8,314,000
Less net income attributable to noncontrolling interests in:
Consolidated joint ventures	(5,206,000)	(5,641,000)
Consolidated real estate related funds	(762,000)	(823,000)
Operating Partnership	(898,000)	(121,000)
Net income attributable to common stockholders	$ 9,865,000	$ 1,729,000
Income per Common Share - Basic:
Income per common share	$ 0.05	$ 0.01
Weighted average common shares outstanding	217,105,686	216,563,108
Income per Common Share - Diluted:
Income per common share	$ 0.05	$ 0.01
Weighted average common shares outstanding	217,186,409	216,617,020

PGRE Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)

Mar. 31, 2024

Dec. 31, 2023

Real estate, at cost:

Land

$ 1,966,237,000

Buildings and improvements

6,278,863,000

6,250,379,000

Rental property, at cost

8,245,100,000

8,216,616,000

Accumulated depreciation and amortization

(1,524,078,000)

(1,471,819,000)

Real estate, net

6,721,022,000

6,744,797,000

Cash and cash equivalents

276,235,000

428,208,000

Restricted cash

171,776,000

81,391,000

Accounts and other receivables

16,048,000

18,053,000

Real estate related fund investments

775,000

Investments in unconsolidated real estate related funds

4,603,000

4,549,000

Investments in unconsolidated joint ventures

132,788,000

132,239,000

Deferred rent receivable

353,826,000

351,209,000

Deferred charges, net of accumulated amortization of $86,845 and $82,265

107,407,000

108,751,000

Intangible assets, net of accumulated amortization of $197,756 and $194,536

62,609,000

68,005,000

Other assets

83,411,000

68,238,000

Total assets

^[1]

7,929,725,000

8,006,215,000

Liabilities and Equity

Notes and mortgages payable, net of unamortized deferred financing costs of $22,200 and $13,566

3,669,850,000

3,803,484,000

Revolving credit facility

Accounts payable and accrued expenses

115,038,000

114,463,000

Dividends and distributions payable

8,376,000

8,360,000

Intangible liabilities, net of accumulated amortization of $108,708 and $108,817

26,026,000

28,003,000

Other liabilities

31,774,000

37,017,000

Total liabilities

^[1]

3,851,064,000

3,991,327,000

Commitments and contingencies

Paramount Group, Inc. equity:

Common stock $0.01 par value per share; authorized 900,000,000 shares; issued and outstanding 217,329,254 and 217,366,089 shares in 2024 and 2023, respectively

2,173,000

Additional paid-in-capital

4,131,652,000

4,133,801,000

Earnings less than distributions

(941,855,000)

(943,935,000)

Accumulated other comprehensive income

7,080,000

11,246,000

Paramount Group, Inc. equity

3,199,050,000

3,203,285,000

Noncontrolling interests in:

Consolidated joint ventures

480,542,000

413,925,000

Consolidated real estate related funds

103,886,000

110,589,000

Operating Partnership (20,035,314 and 19,468,095 units outstanding)

295,183,000

287,089,000

Total equity

4,078,661,000

4,014,888,000

Total liabilities and equity

$ 7,929,725,000

$ 8,006,215,000

[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 91.6% as of March 31, 2024. As of March 31, 2024, the assets and liabilities of the Operating Partnership include $3,844,572 and $2,390,281 of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership. See Note 12, Variable Interest Entities (“VIEs”).

About Paramount Group Inc

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.

CEO	Mr. Albert P. Behler
WEBSITE	paramount-group.com
INDUSTRY	REIT Mortgage
EMPLOYEES	326

Paramount Group Inc Frequently Asked Questions

What is the ticker symbol for Paramount Group Inc? What does PGRE stand for in stocks?

PGRE is the stock ticker symbol of Paramount Group Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Paramount Group Inc (PGRE)?

As of Fri May 17 2024, market cap of Paramount Group Inc is 1.05 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of PGRE stock?

You can check PGRE's fair value in chart for subscribers.

What is the fair value of PGRE stock?

You can check PGRE's fair value in chart for subscribers. The fair value of Paramount Group Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Paramount Group Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for PGRE so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Paramount Group Inc a good stock to buy?

The fair value guage provides a quick view whether PGRE is over valued or under valued. Whether Paramount Group Inc is cheap or expensive depends on the assumptions which impact Paramount Group Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for PGRE.

What is Paramount Group Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, PGRE's PE ratio (Price to Earnings) is -4.17 and Price to Sales (PS) ratio is 1.41. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. PGRE PE ratio will change depending on the future growth rate expectations of investors.