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

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See PGRE on SEC.gov

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Overall Score: 6.6

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day January 20, 2022


Open Price: $9.03
Closing Price: $8.84
Price Change: -0.13 (-1.449%)
Lowest Price: $8.84
Highest Price: $9.175

52-Week Low: $7.73
52-Week High: $11.38
52-Week Change: 1.01%

5 Day Price Change: -1.75%
1 Month Price Change: 8.84%
3 Month Price Change: -1.58%
6 Month Price Change: -3.75%
YTD Price Change: 7.55%
1 Year Price Change: 1.45%
2 Year Price Change: -31.11%
5 Year Price Change: -36.09%

Dividend of Trading Day January 20, 2022


Dividend Yield: 3.167%*
Annualized Dividend: $0.28*
Dividend Yield (TTM): 3.085%
Annualized Dividend (TTM): $0.2767
Ex-Dividend Date: 2021-12-30
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)


Funds From Operations (FFO)

Key Stats of Trading Day January 20, 2022


Total Cash: $494,569,000
Current Debt: $134,655,000
Revenue: $728,046,000
Gross Profit: $728,046,000
Total Revenue: $728,046,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $372,578,000
Revenue Per Share: $3
Revenue Per Employee: N/A
Employee: 323
Debt to Equity Ratio (D/E): 2.38
Profit Margin: -0.05%
Enterprise Value (EV): $5,378,360,140
Enterprise Value to Revenue (EV/R): 7.39
Price to Sales (P/S): 2.80
Price to Book (P/B): 0.57
Price/Earnings-to-Growth (PEG) Ratio: -1.48
P/E Ratio: -53.03
P/E High: 40.09
P/E Low: 33.80
Forward P/E Ratio: N/A
Market Capitalization: $1,935,574,629
Beta: 1.02
Latest Volume: 1,688,744
Avg. Total Volume: 1,532,304
Avg. 10-Day Volume: 1,128,561
Avg. 30-Day Volume: 1,532,304
TTM EPS: -0.17
Shares Outstanding: 218,956,406
Float: N/A
50-Day Moving Avg.: $8.71
200-Day Moving Avg.: $8.96

Latest REIT Community Comments on #PGRE


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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 2021-01-21 costing $990.12 @ $13.38 per share you would have been able to buy 37 shares of PGRE on 2021-01-21 costing $495.06 @ $13.38 per share you would have been able to buy 18 shares of PGRE on 2021-01-21 costing $240.84 @ $13.38 per share you would have been able to buy 7 shares of PGRE on 2021-01-21 costing $93.66 @ $13.38 per share you would have been able to buy 3 shares of PGRE on 2021-01-21 costing $40.14
Current worth On 2022-01-20 these 74 shares would be worth $654.16 @ $8.84 On 2022-01-20 these 37 shares would be worth $327.08 @ $8.84 On 2022-01-20 these 18 shares would be worth $159.12 @ $8.84 On 2022-01-20 these 7 shares would be worth $61.88 @ $8.84 On 2022-01-20 these 3 shares would be worth $26.52 @ $8.84
Dividends earned $20.72 in dividends would have been earned since 2021-01-21 with 74 shares. $10 in dividends would have been earned since 2021-01-21 with 37 shares. $5.04 in dividends would have been earned since 2021-01-21 with 18 shares. $1.96 in dividends would have been earned since 2021-01-21 with 7 shares. $0.84 in dividends would have been earned since 2021-01-21 with 37 shares.
Net (gain / loss)* -315.24 USD -157.62 USD -76.68 USD -29.82 USD -12.78 USD
ROI** -31.84% -31.84% -31.84% -31.84% -31.84%

*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 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
PGRE 2017-06-28 0.095 --- 2017-06-15 2017-06-30 2017-07-14
PGRE 2017-03-29 0.095 --- 2017-03-15 2017-03-31 2017-04-14

Financial Statements Overview


The next Earnings Report for PGRE is 2022-02-09

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Current Cash 494,569,000 475,289,000 464,652,000 434,530,000
Receivables 349,550,000 353,240,000 350,176,000 347,741,000
Inventory 0 0 0 0
Current Assets 872,096,000 861,081,000 838,416,000 1,557,479,000
Current Assets (Other) 0 0 0 318,773,000
Short Term Investments 0 0 0 744,414,000
Long-term Investments 7,673,489,000 7,672,059,000 7,733,532,000 6,996,618,000
Property, Plant & Equipment Net 6,928,466,000 6,950,934,000 6,967,369,000 6,996,618,000
Goodwill 0 0 0 0
Intangible Assets 127,529,000 135,764,000 144,161,000 0
Other Assets 199,878,000 164,818,000 197,251,000 0
Net Tangible Assets 3,461,152,000 3,464,515,000 3,484,312,000 3,653,177,000
Total Assets 8,545,585,000 8,533,140,000 8,571,948,000 8,554,097,000
Accounts Payable 0 0 0 0
Liabilities (Other) 113,268,000 115,466,000 116,902,000 118,927,000
Current Liabilities (Other) 134,655,000 120,792,000 134,149,000 118,697,000
Total Current Liabilities 134,655,000 120,792,000 134,149,000 118,697,000
Current Long-term Debt 0 0 0 0
Long-term Debt 3,834,445,000 3,816,759,000 3,814,962,000 3,800,739,000
Total Liabilities 4,956,904,000 4,932,861,000 4,943,475,000 4,900,920,000
Minority Interest 874,536,000 879,844,000 877,462,000 862,557,000
Common Stock 218,706,356 218,696,284 218,666,005 218,940,641
Retained Earnings -524,717,000 -507,321,000 -476,051,000 0
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 3,588,681,000 3,600,279,000 3,628,473,000 3,653,177,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Total Revenue 179,131,000 182,269,000 181,166,000 185,480,000
Cost of Revenue 0 0 0 0
Gross Profit 179,131,000 182,269,000 181,166,000 185,480,000
Research and Development 0 0 0 0
Selling General and Admin 13,257,000 18,418,000 14,364,000 17,962,000
Operating Expense 137,774,000 158,267,000 144,884,000 149,926,000
Operating Income 41,357,000 24,002,000 36,282,000 35,554,000
Income Expense Net (Other) 0 0 0 0
EBIT 41,633,000 24,150,000 36,462,000 35,413,000
Interest Income 33,379,000 32,196,000 32,030,000 29,888,000
Pretax Income 5,505,000 -9,694,000 3,025,000 -1,367,000
Income Tax 873,000 434,000 1,141,000 358,000
Minority Interest 6,687,000 5,815,000 5,462,000 2,209,000
Net Income -2,055,000 -15,943,000 -3,578,000 -14,890,000
Net Income Basic -2,055,000 -15,943,000 -3,578,000 -14,890,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Net Income -2,055,000 -15,943,000 -3,578,000 -14,890,000
Depreciation 53,574,000 61,538,000 58,305,000 231,156,000
Changes in Receivables 349,550,000 353,240,000 350,176,000 6,402,000
Changes in Inventories 0 0 0 0
Cash Change 494,569,000 475,289,000 464,652,000 -81,412,000
Cash Flow 53,602,000 76,128,000 58,330,000 237,272,000
Capital Expenditures -22,020,000 -32,775,000 -19,339,000 -89,463,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -26,335,000 -35,701,000 -26,344,000 40,035,000
Dividends Paid 0 0 0 0
Net Borrowings 3,339,876,000 3,341,470,000 3,350,310,000 2,621,795,000
Cash Flow Financing -12,562,000 -20,826,000 -9,070,000 -143,470,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

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.

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. 3.8
6 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.5
8 Dividend to FFO Core Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Core Payout Ratios during the last four quarters. 8.8
Rating AFFO & Efficiency Section Avg. Rating
7 FFO Core Trend: Analysis of the REIT’s FFO Core trend during the last two years. 7.7
6 FFO Core to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
9 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.3
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.0
Rating Leverage Section Avg. Rating
7 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.2
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.7
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
10 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. 5.1
6 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
6 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.2
5 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.2
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.1
6 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 6.4
7 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 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
3 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.5
6.6 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: 2022-01-21 - v2.9