PGRE
Paramount Group, Inc.
REIT - Office
Market Cap$1.46B
5Y Perf.-14.4%
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Stock Comparison
PGRE vs PDM
Revenue, margins, valuation, and 5-year total return — side by side.
PDM
Piedmont Office Realty Trust, Inc.
REIT - Office
Market Cap$1.06B
5Y Perf.-47.6%
PGRE vs PDM — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | PGRE | PDM |
|---|---|---|
| Industry | REIT - Office | REIT - Office |
| Market Cap | $1.46B | $1.06B |
| Revenue (TTM) | $723M | $422M |
| Net Income (TTM) | $-97M | $-86M |
| Gross Margin | 57.2% | 19.1% |
| Operating Margin | 14.7% | 13.9% |
| Total Debt | $3.68B | $2.27B |
| Cash & Equiv. | $375M | $731K |
PGRE vs PDM — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
PGRE
PDM
| Stock | May 20 | Dec 25 | Return |
|---|---|---|---|
| Paramount Group, In… (PGRE) | 100 | 85.6 | -14.4% |
| Piedmont Office Rea… (PDM) | 100 | 52.4 | -47.6% |
Price return only. Dividends and distributions are not included.
Quick Verdict: PGRE vs PDM
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: PGRE leads in 5 of 6 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Piedmont Office Realty Trust, Inc. is the stronger pick specifically for dividend income and shareholder returns. As sector peers, any of these can serve as alternatives in the same allocation.
PGRE
Paramount Group, Inc.
The Real Estate Income Play
PGRE carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 0 yrs, beta 0.31, yield 1.6%
- Rev growth 2.0%, EPS growth 82.5%, 3Y rev CAGR 1.4%
- Lower volatility, beta 0.31, Low D/E 91.7%, current ratio 7.76x
Best for: income & stability and growth exposure
PDM
Piedmont Office Realty Trust, Inc.
The Real Estate Income Play
PDM is the clearest fit if your priority is long-term compounding.
- -23.4% 10Y total return vs PGRE's -46.2%
- 2.9% yield, vs PGRE's 1.6%
Best for: long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | PGRE | 2.0% FFO/revenue growth vs PDM's -0.9% |
| Quality / Margins | PGRE | -13.5% margin vs PDM's -20.5% |
| Stability / Safety | PGRE | Beta 0.31 vs PDM's 1.08, lower leverage |
| Dividends | PDM | 2.9% yield, vs PGRE's 1.6% |
| Momentum (1Y) | PGRE | +38.7% vs PDM's +26.5% |
| Efficiency (ROA) | PGRE | -1.2% ROA vs PDM's -2.2%, ROIC 1.5% vs 1.5% |
PGRE vs PDM — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2024
FY 2025
PGRE vs PDM — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLPGRELAGGINGPDM
PDMPiedmont Office Realt…
1leads
PGREParamount Group, Inc.
3leads
6 Total Categories
CATEGORYLEADERvs PDMMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
PGRE5/6
Valuation MetricsMultiples, price ratios, and targets
Tied
—
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
PGRE5/9
Total Returns1Y, 3Y, 5Y total returns with dividends
PGRE4/5
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
PDM1/1
Income & Cash Flow (Last 12 Months)
PGRE leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
PGRE is the larger business by revenue, generating $723M annually — 1.7x PDM's $422M. PGRE is the more profitable business, keeping -13.5% of every revenue dollar as net income compared to PDM's -20.5%. On growth, PGRE holds the edge at -11.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | PGREParamount Group, … | PDMPiedmont Office R… |
|---|---|---|
| RevenueTrailing 12 months | $723M | $422M |
| EBITDAEarnings before interest/tax | $342M | $229M |
| Net IncomeAfter-tax profit | -$97M | -$86M |
| Free Cash FlowCash after capex | $165M | $47M |
| Gross MarginGross profit ÷ Revenue | +57.2% | +19.1% |
| Operating MarginEBIT ÷ Revenue | +14.7% | +13.9% |
| Net MarginNet income ÷ Revenue | -13.5% | -20.5% |
| FCF MarginFCF ÷ Revenue | +22.9% | +11.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | -11.3% | -100.0% |
| EPS Growth (YoY)Latest quarter vs prior year | -191.5% | -23.0% |
PGRE leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
Evenly matched — PGRE and PDM each lead in 2 of 4 comparable metrics.
Valuation Metrics
On an enterprise value basis, PDM's 10.9x EV/EBITDA is more attractive than PGRE's 12.3x.
| Metric | PGREParamount Group, … | PDMPiedmont Office R… |
|---|---|---|
| Market CapShares × price | $1.5B | $1.1B |
| Enterprise ValueMkt cap + debt − cash | $4.8B | $3.3B |
| Trailing P/EPrice ÷ TTM EPS | -31.43x | -12.67x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 12.29x | 10.88x |
| Price / SalesMarket cap ÷ Revenue | 1.93x | 1.88x |
| Price / BookPrice ÷ Book value/share | 0.36x | 0.71x |
| Price / FCFMarket cap ÷ FCF | 5.53x | — |
Evenly matched — PGRE and PDM each lead in 2 of 4 comparable metrics.
Profitability & Efficiency
PGRE leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
PGRE delivers a -2.4% return on equity — every $100 of shareholder capital generates $-2 in annual profit, vs $-6 for PDM. PGRE carries lower financial leverage with a 0.92x debt-to-equity ratio, signaling a more conservative balance sheet compared to PDM's 1.52x. On the Piotroski fundamental quality scale (0–9), PGRE scores 7/9 vs PDM's 5/9, reflecting strong financial health.
| Metric | PGREParamount Group, … | PDMPiedmont Office R… |
|---|---|---|
| ROE (TTM)Return on equity | -2.4% | -5.7% |
| ROA (TTM)Return on assets | -1.2% | -2.2% |
| ROICReturn on invested capital | +1.5% | +1.5% |
| ROCEReturn on capital employed | +1.9% | +2.0% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 5 |
| Debt / EquityFinancial leverage | 0.92x | 1.52x |
| Net DebtTotal debt minus cash | $3.3B | $2.3B |
| Cash & Equiv.Liquid assets | $375M | $731,000 |
| Total DebtShort + long-term debt | $3.7B | $2.3B |
| Interest CoverageEBIT ÷ Interest expense | 0.95x | 0.35x |
PGRE leads this category, winning 5 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
PGRE leads this category, winning 4 of 5 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in PGRE five years ago would be worth $6,949 today (with dividends reinvested), compared to $6,084 for PDM. Over the past 12 months, PGRE leads with a +38.7% total return vs PDM's +26.5%. The 3-year compound annual growth rate (CAGR) favors PGRE at 14.9% vs PDM's 13.8% — a key indicator of consistent wealth creation.
| Metric | PGREParamount Group, … | PDMPiedmont Office R… |
|---|---|---|
| YTD ReturnYear-to-date | — | +2.4% |
| 1-Year ReturnPast 12 months | +38.7% | +26.5% |
| 3-Year ReturnCumulative with dividends | +51.6% | +47.5% |
| 5-Year ReturnCumulative with dividends | -30.5% | -39.2% |
| 10-Year ReturnCumulative with dividends | -46.2% | -23.4% |
| CAGR (3Y)Annualised 3-year return | +14.9% | +13.8% |
PGRE leads this category, winning 4 of 5 comparable metrics.
Risk & Volatility
Evenly matched — PGRE and PDM each lead in 1 of 2 comparable metrics.
Risk & Volatility
PGRE is the less volatile stock with a 0.31 beta — it tends to amplify market swings less than PDM's 1.08 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. PDM currently trades 92.4% from its 52-week high vs PGRE's 84.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | PGREParamount Group, … | PDMPiedmont Office R… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.31x | 1.08x |
| 52-Week HighHighest price in past year | $7.85 | $9.19 |
| 52-Week LowLowest price in past year | $4.48 | $6.32 |
| % of 52W HighCurrent price vs 52-week peak | +84.1% | +92.4% |
| RSI (14)Momentum oscillator 0–100 | 56.8 | 67.0 |
| Avg Volume (50D)Average daily shares traded | 1.5M | 1.1M |
Evenly matched — PGRE and PDM each lead in 1 of 2 comparable metrics.
Analyst Outlook
PDM leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates PGRE as "Hold" and PDM as "Hold". Consensus price targets imply 81.8% upside for PGRE (target: $12) vs 17.8% for PDM (target: $10). For income investors, PDM offers the higher dividend yield at 2.92% vs PGRE's 1.59%.
| Metric | PGREParamount Group, … | PDMPiedmont Office R… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | $12.00 | $10.00 |
| # AnalystsCovering analysts | 13 | 11 |
| Dividend YieldAnnual dividend ÷ price | +1.6% | +2.9% |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | $0.11 | $0.25 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.0% | 0.0% |
PDM leads this category, winning 1 of 1 comparable metric.
Key Takeaway
PGRE leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). PDM leads in 1 (Analyst Outlook). 2 tied.
Best OverallParamount Group, Inc. (PGRE)Leads 3 of 6 categories
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PGRE vs PDM: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is PGRE or PDM a better buy right now?
For growth investors, Paramount Group, Inc.
(PGRE) is the stronger pick with 2. 0% revenue growth year-over-year, versus -0. 9% for Piedmont Office Realty Trust, Inc. (PDM). Analysts rate Paramount Group, Inc. (PGRE) a "Hold" — based on 13 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — PGRE or PDM?
Over the past 5 years, Paramount Group, Inc.
(PGRE) delivered a total return of -30. 5%, compared to -39. 2% for Piedmont Office Realty Trust, Inc. (PDM). Over 10 years, the gap is even starker: PDM returned -23. 4% versus PGRE's -46. 2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — PGRE or PDM?
By beta (market sensitivity over 5 years), Paramount Group, Inc.
(PGRE) is the lower-risk stock at 0. 31β versus Piedmont Office Realty Trust, Inc. 's 1. 08β — meaning PDM is approximately 249% more volatile than PGRE relative to the S&P 500. On balance sheet safety, Paramount Group, Inc. (PGRE) carries a lower debt/equity ratio of 92% versus 152% for Piedmont Office Realty Trust, Inc. — giving it more financial flexibility in a downturn.
04Which is growing faster — PGRE or PDM?
By revenue growth (latest reported year), Paramount Group, Inc.
(PGRE) is pulling ahead at 2. 0% versus -0. 9% for Piedmont Office Realty Trust, Inc. (PDM). On earnings-per-share growth, the picture is similar: Paramount Group, Inc. grew EPS 82. 5% year-over-year, compared to -4. 7% for Piedmont Office Realty Trust, Inc.. Over a 3-year CAGR, PGRE leads at 1. 4% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — PGRE or PDM?
Paramount Group, Inc.
(PGRE) is the more profitable company, earning -6. 1% net margin versus -14. 8% for Piedmont Office Realty Trust, Inc. — meaning it keeps -6. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: PGRE leads at 19. 6% versus 14. 1% for PDM. At the gross margin level — before operating expenses — PGRE leads at 60. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Which pays a better dividend — PGRE or PDM?
All stocks in this comparison pay dividends.
Piedmont Office Realty Trust, Inc. (PDM) offers the highest yield at 2. 9%, versus 1. 6% for Paramount Group, Inc. (PGRE).
07Is PGRE or PDM better for a retirement portfolio?
For long-horizon retirement investors, Paramount Group, Inc.
(PGRE) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 31), 1. 6% yield). Both have compounded well over 10 years (PGRE: -46. 2%, PDM: -23. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
08What are the main differences between PGRE and PDM?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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