Paramount Group, Inc. | REIT Profile

Symbol: PGRE
CIK: 1605607
Exchange: NYSE
Founded: 2014 (8 years)
HQ: New York, NY, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Office

See PGRE on Google Finance
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See PGRE on SEC.gov

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About Paramount Group, Inc.

Paramount Group, Inc. is a real estate investment and management firm with in-house expertise in asset management, property management, leasing, acquisition, repositioning, redevelopment and financing. Established in 1978 by Werner Otto, Paramount is one of the largest publicly-owned real estate companies headquartered in New York City. Over several decades and numerous market cycles, Paramount has provided first class properties, services and amenities to its tenants. Albert Behler, President and CEO, has led Paramount since 1991 and, along with a seasoned, committed and proven management team, has assembled the company’s current 11.9 million-square-foot portfolio of high quality, Class A office building investments, a retail property, as well as debt and equity investments in New York, Washington, D.C. and San Francisco.


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REITMovers


REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 3 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Close Previous Close Volume Change $ Change % Market Cap PE Ratio 52W High 52W Low Ytd Change
$7.38 $7.59 $7.35 $7.57 $7.54 $7.54 386,331 -$0.16 -2.12% $1,663,123,110 768.75 $11.34 $6.76 -10.12%

Last update: 2022-08-09 09:56:08 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 5.9

Hightlights of Trading Day August 8, 2022


Open Price: $7.48
Closing Price: $7.54
Price Change: 0.08 (1.072%)
Lowest Price: $7.51
Highest Price: $7.73
52-Week Low: $6.76
52-Week High: $11.34
52-Week Change: -16.34%
5 Day Price Change: -4.97%
1 Month Price Change: 2.33%
3 Month Price Change: -18.77%
6 Month Price Change: -14.32%
YTD Price Change: -8.97%
1 Year Price Change: -16.34%
2 Year Price Change: 8.77%
5 Year Price Change: -46.12%

Dividend of Trading Day August 8, 2022


Dividend Yield: 4.111%*
Annualized Dividend: $0.31*
Dividend Yield (TTM): 3.904%
Annualized Dividend (TTM): $0.2912
Ex-Dividend Date: 2022-06-29
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)



FFO Amount and Payout Ratio

Below are the FFO amounts, dividends, and payout ratios for the last two quarters for PGRE.

Year Quarter Type Amount Dividend Paid Payout Ratio
2022 Q1 FFO Core $--- $--- ---%
2022 Q1 FFO $--- $--- ---%
2021 Q4 FFO $--- $--- ---%
2021 Q4 FFO Core $--- $--- ---%

REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.


Funds From Operations (FFO)

Key Stats of Trading Day August 8, 2022


Total Cash: $506,933,000
Current Debt: $127,251,000
Revenue: $732,553,000
Gross Profit: $732,553,000
Total Revenue: $732,553,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $391,240,000
Revenue Per Share: $3
Revenue Per Employee: N/A
Employee: 323
Debt to Equity Ratio (D/E): 2.29
Profit Margin: 0.00%
Enterprise Value (EV): $5,100,075,165
Enterprise Value to Revenue (EV/R): 6.96
Price to Sales (P/S): 2.41
Price to Book (P/B): 0.48
Price/Earnings-to-Growth (PEG) Ratio: 7.99
P/E Ratio: 785.42
P/E High: -891.86
P/E Low: -1,089.12
Forward P/E Ratio: N/A
Market Capitalization: $1,699,179,980
Beta: 1.01
Latest Volume: 917,370
Avg. Total Volume: 938,262
Avg. 10-Day Volume: 726,607
Avg. 30-Day Volume: 938,262
TTM EPS: 0.01
Shares Outstanding: 225,355,435
Float: N/A
50-Day Moving Avg.: $7.38
200-Day Moving Avg.: $8.95

Latest REIT Community Comments on #PGRE


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Properties Owned by PGRE


PGRE Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

Occupancy Rate



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $13.38 per share you would have been able to buy 74 shares of PGRE on 2021-08-09 costing $990.12 @ $13.38 per share you would have been able to buy 37 shares of PGRE on 2021-08-09 costing $495.06 @ $13.38 per share you would have been able to buy 18 shares of PGRE on 2021-08-09 costing $240.84 @ $13.38 per share you would have been able to buy 7 shares of PGRE on 2021-08-09 costing $93.66 @ $13.38 per share you would have been able to buy 3 shares of PGRE on 2021-08-09 costing $40.14
Current worth On 2022-08-08 these 74 shares would be worth $557.96 @ $7.54 On 2022-08-08 these 37 shares would be worth $278.98 @ $7.54 On 2022-08-08 these 18 shares would be worth $135.72 @ $7.54 On 2022-08-08 these 7 shares would be worth $52.78 @ $7.54 On 2022-08-08 these 3 shares would be worth $22.62 @ $7.54
Dividends earned $21.83 in dividends would have been earned since 2021-08-09 with 74 shares. $11 in dividends would have been earned since 2021-08-09 with 37 shares. $5.31 in dividends would have been earned since 2021-08-09 with 18 shares. $2.07 in dividends would have been earned since 2021-08-09 with 7 shares. $0.89 in dividends would have been earned since 2021-08-09 with 37 shares.
Net (gain / loss)* -410.33 USD -205.17 USD -99.81 USD -38.82 USD -16.64 USD
ROI** -41.44% -41.44% -41.44% -41.44% -41.44%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by PGRE. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
PGRE 2022-06-29 0.078 --- 2022-06-15 2022-06-30 2022-07-15
PGRE 2022-03-30 0.078 10.71% 2022-03-15 2022-03-31 2022-04-15
PGRE 2021-12-30 0.070 --- 2021-12-15 2021-12-31 2022-01-14
PGRE 2021-09-29 0.070 --- 2021-09-15 2021-09-30 2021-10-15
PGRE 2021-06-29 0.070 --- 2021-06-15 2021-06-30 2021-07-15
PGRE 2021-03-30 0.070 --- 2021-03-15 2021-03-31 2021-04-15
PGRE 2020-12-30 0.070 -30.00% 2020-12-15 2020-12-31 2021-01-15
PGRE 2020-09-29 0.100 --- 2020-09-15 2020-09-30 2020-10-15
PGRE 2020-06-29 0.100 --- 2020-06-15 2020-06-30 2020-07-15
PGRE 2020-03-30 0.100 --- 2020-03-13 2020-03-31 2020-04-15
PGRE 2019-12-30 0.100 --- 2019-12-13 2019-12-31 2020-01-15
PGRE 2019-09-27 0.100 --- 2019-09-13 2019-09-30 2019-10-15
PGRE 2019-06-27 0.100 --- 2019-06-14 2019-06-28 2019-07-15
PGRE 2019-03-28 0.100 --- 2019-03-15 2019-03-29 2019-04-15
PGRE 2018-12-28 0.100 --- 2018-12-14 2018-12-31 2019-01-15
PGRE 2018-09-27 0.100 --- 2018-09-14 2018-09-28 2018-10-15
PGRE 2018-06-28 0.100 --- 2018-06-15 2018-06-29 2018-07-13
PGRE 2018-03-28 0.100 5.26% 2018-03-15 2018-03-29 2018-04-13
PGRE 2017-12-28 0.095 --- 2017-12-15 2017-12-29 2018-01-12
PGRE 2017-09-28 0.095 --- 2017-09-15 2017-09-29 2017-10-13

Earnings Press Releases


Below are the Earnings Press Releases for PGRE. To see the complete Earnings Report please visit the sec.gov.

Year Quarter Title
2022 Q1 Paramount Announces First Quarter 2022 Results
2021 Q4 Paramount Announces Fourth Quarter 2021 Results

Financial Statements Overview


The next Earnings Report for PGRE is 2022-10-26

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Current Cash 506,933,000 461,995,000 524,900,000 494,569,000
Receivables 354,524,000 391,938,000 348,317,000 349,550,000
Inventory 0 0 0 0
Current Assets 886,391,000 860,264,000 1,579,478,000 872,096,000
Current Assets (Other) 0 0 281,978,000 0
Short Term Investments 0 0 701,495,000 0
Long-term Investments 7,595,838,000 7,638,318,000 6,915,084,000 7,673,489,000
Property, Plant & Equipment Net 6,870,984,000 6,894,262,000 6,915,084,000 6,928,466,000
Goodwill 0 0 0 0
Intangible Assets 104,929,000 112,108,000 0 127,529,000
Other Assets 176,351,000 197,156,000 0 199,878,000
Net Tangible Assets 3,592,263,000 3,485,893,000 3,588,163,000 3,461,152,000
Total Assets 8,482,229,000 8,498,582,000 8,494,562,000 8,545,585,000
Accounts Payable 0 0 0 0
Liabilities (Other) 65,656,000 68,817,000 70,823,000 113,268,000
Current Liabilities (Other) 127,251,000 129,948,000 133,087,000 134,655,000
Total Current Liabilities 127,251,000 129,948,000 133,087,000 134,655,000
Current Long-term Debt 0 0 0 0
Long-term Debt 3,837,968,000 3,836,794,000 3,835,620,000 3,834,445,000
Total Liabilities 4,785,037,000 4,900,581,000 4,906,399,000 4,956,904,000
Minority Interest 754,162,000 865,022,000 866,869,000 874,536,000
Common Stock 222,971,886 218,782,296 218,736,351 218,706,356
Retained Earnings -570,577,000 -552,732,000 0 -524,717,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 3,697,192,000 3,598,001,000 3,588,163,000 3,588,681,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Total Revenue 185,517,000 183,685,000 184,220,000 179,131,000
Cost of Revenue 0 0 0 0
Gross Profit 185,517,000 183,685,000 184,220,000 179,131,000
Research and Development 0 0 0 0
Selling General and Admin 16,706,000 15,645,000 13,093,000 13,257,000
Operating Expense 146,493,000 143,160,000 141,162,000 137,774,000
Operating Income 39,024,000 40,525,000 43,058,000 41,357,000
Income Expense Net (Other) 0 0 0 0
EBIT 39,179,000 40,695,000 42,454,000 41,633,000
Interest Income 33,243,000 32,508,000 34,099,000 33,379,000
Pretax Income 4,397,000 6,649,000 6,866,000 5,505,000
Income Tax 359,000 527,000 1,195,000 873,000
Minority Interest 4,398,000 2,751,000 4,449,000 6,687,000
Net Income -360,000 3,371,000 1,152,000 -2,055,000
Net Income Basic -360,000 3,371,000 1,152,000 -2,055,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Net Income -360,000 3,371,000 1,152,000 -2,055,000
Depreciation 57,083,000 55,266,000 56,000,000 53,574,000
Changes in Receivables 354,524,000 391,938,000 348,317,000 349,550,000
Changes in Inventories 0 0 0 0
Cash Change 506,933,000 461,995,000 524,900,000 494,569,000
Cash Flow 72,428,000 58,674,000 60,196,000 53,602,000
Capital Expenditures -25,111,000 -29,025,000 -37,867,000 -22,020,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows 20,057,000 -88,158,000 -19,053,000 -26,335,000
Dividends Paid 0 0 0 0
Net Borrowings 3,331,035,000 3,374,799,000 2,609,225,000 3,339,876,000
Cash Flow Financing -28,944,000 -31,856,000 -34,023,000 -12,562,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
0 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.7
7 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.7
7 Dividend to FFO Core Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Core Payout Ratios during the last four quarters. 8.7
Rating AFFO & Efficiency Section Avg. Rating
9 FFO Core Trend: Analysis of the REIT’s FFO Core trend during the last two years. 8.8
6 FFO Core to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
7 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.0
4 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.5
Rating Leverage Section Avg. Rating
4 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 6.5
3 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 6.9
9 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.6
8 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
6 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
9 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.2
Rating Asset & Revenue Section Avg. Rating
8 G&A Effeciency Level: Analysis of the REIT’s General and Administrative expenses in relationship to its Revenues. 8.0
10 G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. 8.8
6 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 7.7
5 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.0
Rating Properties Section Avg. Rating
7 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.4
6 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.2
8 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.0
Rating Market Cap Section Avg. Rating
1 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 4.0
5.9 Overall REITRating™ Score (See trend) 6.1

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2022-08-09 - v3.4