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PGRE logoParamount Group, Inc.(PGRE)Earnings, Financials & Key Ratios

PGRE•NYSE•REIT / Real Estate
$6.60
$1.46B mkt cap·Price updated Apr 24, 2026
SectorReal EstateIndustryOffice REITsSub-IndustryGateway CBD Office REITs
AboutHeadquartered 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.Show more
  • Revenue$757M+2.0%
  • FFO$193M+2223.7%
  • FFO/Share0.89+2220.5%
  • FFO Payout11.81%
  • FFO per Share0.89+2220.5%
  • NOI Margin59.96%+124.7%
  • FFO Margin25.51%+2182.6%
  • ROE-1.15%+81.3%
  • ROA-0.58%+81.5%
  • Debt/Assets46.71%-1.7%
  • Net Debt/EBITDA8.51-2.4%
  • Book Value/Share18.46-0.3%
Technical→

PGRE Key Insights

Paramount Group, Inc. (PGRE) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 7/9
  • ✓FFO growing 205.0% TTM
  • ✓Sustainable FFO payout ratio of 11.8%
  • ✓Trading at only 0.4x book value

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

PGRE Price & Volume

Paramount Group, Inc. (PGRE) stock price & volume — 10-year historical chart

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PGRE Growth Metrics

Paramount Group, Inc. (PGRE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years6.08%
5 Years-0.31%
3 Years1.39%
TTM-5.29%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM54.31%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM54.11%

Return on Capital

10 Years1.58%
5 Years1.81%
3 Years1.88%
Last Year1.9%

PGRE Recent Earnings

Paramount Group, Inc. (PGRE) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 10/12 qtrs (83%)
Q4 2025Latest
Oct 29, 2025
EPS
$0.14
Est $0.12
+16.7%
Revenue
$173M
Est $168M
+3.1%
Q3 2025
Jul 30, 2025
EPS
$0.17
Est $0.14
+21.4%
Revenue
$177M
Est $164M
+8.1%
Q2 2025
Apr 30, 2025
EPS
$0.17
Est $0.17
+0.0%
Revenue
$187M
Est $177M
+5.7%
Q1 2025
Feb 27, 2025
EPS
$0.19
Est $0.17
+11.8%
Revenue
$186M
Est $180M
+3.2%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q4 2025LatestOct 29, 2025
$0.14vs $0.12+16.7%
$173Mvs $168M+3.1%
Q3 2025Jul 30, 2025
$0.17vs $0.14+21.4%
$177Mvs $164M+8.1%
Q2 2025Apr 30, 2025
$0.17vs $0.17+0.0%
$187Mvs $177M+5.7%
Q1 2025Feb 27, 2025
$0.19vs $0.17+11.8%
$186Mvs $180M+3.2%
Based on last 12 quarters of dataView full earnings history →

PGRE Peer Comparison

Paramount Group, Inc. (PGRE) competitors in Gateway CBD Office REITs — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
SLG logoSLGSL Green Realty Corp.Direct Competitor3.18B44.71-28.1241.96%-8.99%-2.03%1.82
BXP logoBXPBXP, Inc.Direct Competitor9.5B59.8434.392.19%7.95%3.58%2.26
HIW logoHIWHighwoods Properties, Inc.Direct Competitor2.85B25.8217.81-2.39%11.4%3.76%1.49
CUZ logoCUZCousins Properties IncorporatedDirect Competitor4.41B26.79111.6316%-0.52%-0.11%0.78
PDM logoPDMPiedmont Office Realty Trust, Inc.Direct Competitor1.06B8.45-12.61-0.93%-20.46%-5.7%1.52
DEA logoDEAEasterly Government Properties, Inc.Direct Competitor1.08B23.2980.3111.27%4.27%1.07%1.23
VNO logoVNOVornado Realty TrustProduct Competitor5.94B31.567.511.27%43.99%11.77%1.16
KRC logoKRCKilroy Realty CorporationProduct Competitor4.16B35.0915.13-2.02%24.81%4.91%0.86

Compare PGRE vs Peers

Paramount Group, Inc. (PGRE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SLG

Most directly comparable listed peer for PGRE.

Scale Benchmark

vs O

Larger-name benchmark to compare PGRE against a more recognizable public peer.

Peer Set

Compare Top 5

vs SLG, BXP, HIW, CUZ

PGRE Income Statement

Paramount Group, Inc. (PGRE) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Revenue683.34M718.97M758.96M769.18M714.24M726.79M740.38M742.79M757.45M723.29M
Revenue Growth %3.16%5.21%5.56%1.35%-7.14%1.76%1.87%0.33%1.97%-5.29%
Property Operating Expenses250.04M266.14M274.08M274.84M267.59M265.44M277.42M544.61M303.28M309.36M
Net Operating Income (NOI)
433.3M▲ 0%
452.83M▲ 4.5%
484.88M▲ 7.1%
494.34M▲ 2.0%
446.65M▼ 9.6%
461.35M▲ 3.3%
462.95M▲ 0.3%
198.18M▼ 57.2%
454.17M▲ 129.2%
413.93M▲ 0%
NOI Margin %63.41%62.98%63.89%64.27%62.54%63.48%62.53%26.68%59.96%57.23%
Operating Expenses320.09M324.99M315.79M316.9M300.12M291.62M292M61.99M305.88M307.84M
G&A Expenses50.64M58.95M57.56M68.56M64.92M59.13M59.49M61.99M66.33M74.51M
EBITDA643.53M717.16M712.96M734.37M725.02M402.22M403.47M386.84M387.84M342.26M
EBITDA Margin %94.17%99.75%93.94%95.47%101.51%55.34%54.49%52.08%51.2%47.32%
Depreciation & Amortization535.59M593.98M591.34M575.36M604.06M232.49M232.52M250.64M239.54M236.16M
D&A / Revenue %78.38%82.62%77.91%74.8%84.57%31.99%31.41%33.74%31.62%32.65%
Operating Income
107.94M▲ 0%
123.19M▲ 14.1%
121.62M▼ 1.3%
159.01M▲ 30.7%
120.96M▼ 23.9%
169.73M▲ 40.3%
170.95M▲ 0.7%
136.19M▼ 20.3%
148.3M▲ 8.9%
106.1M▲ 0%
Operating Margin %15.8%17.13%16.03%20.67%16.94%23.35%23.09%18.34%19.58%14.67%
Interest Expense150.94M132.57M136.63M137.36M134.93M142.01M143.86M146.77M156.7M4M
Interest Coverage0.72x0.93x0.89x1.16x0.90x1.20x1.19x0.93x0.95x-
Non-Operating Income-42.25M-121.74M-31.56M28.52M-1.34M31.14M58.17M359.3M27.93M51.76M
Pretax Income
3.85M▲ 0%
112.35M▲ 2815.2%
22.13M▼ 80.3%
-29.29M▼ 232.3%
-12.63M▲ 56.9%
5.7M▲ 145.2%
-24.93M▼ 537.3%
-369.88M▼ 1383.5%
-36.34M▲ 90.2%
-104.77M▲ 0%
Pretax Margin %0.56%15.63%2.92%-3.81%-1.77%0.78%-3.37%-49.8%-4.8%-14.49%
Income Tax1.78M5.18M3.14M312K1.49M3.64M3.27M1.43M2.06M-700K
Effective Tax Rate %46.32%4.61%14.18%-1.07%-11.82%63.89%-13.1%-0.39%-5.66%0.67%
Net Income
-9.93M▲ 0%
86.38M▲ 969.5%
9.15M▼ 89.4%
-29.6M▼ 423.6%
-14.12M▲ 52.3%
-20.35M▼ 44.1%
-36.4M▼ 78.8%
-259.74M▼ 613.5%
-46.29M▲ 82.2%
-97.4M▲ 0%
Net Margin %-1.45%12.01%1.21%-3.85%-1.98%-2.8%-4.92%-34.97%-6.11%-13.47%
Net Income Growth %-124.8%969.55%-89.41%-423.64%52.3%-44.14%-78.85%-613.52%82.18%54.31%
Funds From Operations (FFO)
525.66M▲ 0%
680.36M▲ 29.4%
600.48M▼ 11.7%
545.76M▼ 9.1%
589.93M▲ 8.1%
212.13M▼ 64.0%
196.11M▼ 7.6%
-9.1M▼ 104.6%
193.25M▲ 2223.7%
138.75M▲ 0%
FFO Margin %76.92%94.63%79.12%70.95%82.6%29.19%26.49%-1.23%25.51%19.18%
FFO Growth %81.13%29.43%-11.74%-9.11%8.09%-64.04%-7.55%-104.64%2223.67%16.39%
FFO per Share2.412.882.512.362.650.970.89-0.040.890.63
FFO Payout Ratio %19.12%14.81%17.5%18.89%16.62%31.81%37.24%0%11.81%1.65%
EPS (Diluted)
-0.05▲ 0%
0.37▲ 911.4%
0.04▼ 89.7%
-0.13▼ 440.3%
-0.06▲ 51.2%
0.01▲ 114.8%
-0.13▼ 1483.0%
-1.20▼ 823.1%
-0.21▲ 82.5%
-0.44▲ 0%
EPS Growth %-119.23%911.4%-89.68%-440.31%51.15%114.8%--823.08%82.5%54.11%
EPS (Basic)-0.050.370.04-0.13-0.060.01-0.13-1.20-0.21-
Diluted Shares Outstanding218.05M236.4M239.56M231.54M222.44M218.7M221.31M216.92M217.24M220.51M

PGRE Balance Sheet

Paramount Group, Inc. (PGRE) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Total Assets8.87B8.92B8.76B8.73B8.55B8.49B8.45B8.01B7.87B7.97B
Asset Growth %0.83%0.57%-1.81%-0.25%-2.06%-0.7%-0.49%-5.29%-1.68%0.32%
Real Estate & Other Assets22.83M7.96B7.68B156.1M148.08M7.08B7.04B6.92B6.8B0
PP&E (Net)7.6B7.84B7.46B7.1B7B00000
Investment Securities1000K1000K1000K1000K1000K1000K1000K1000K1000K0
Total Current Assets717.97M488.33M652.94M815.7M830.24M877.98M820.02M878.86M930.1M709.7M
Cash & Equivalents162.97M219.38M339.65M306.21M434.53M524.9M408.9M428.21M375.06M330.21M
Receivables1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Assets376.06M00191.4M53.02M4.77M40.91M81.39M180.39M0
Intangible Assets412.23M352.21M270.44M203.17M153.52M119.41M90.38M68M50.49M41.09M
Total Liabilities3.98B3.9B3.86B4.1B4.04B4.04B4.04B3.99B3.86B3.9B
Total Debt3.59B3.54B3.57B3.82B3.8B3.84B3.84B3.8B3.68B0
Net Debt3.43B3.32B3.23B3.51B3.37B3.31B3.43B3.38B3.3B-330.21M
Long-Term Debt3.59B3.54B3.57B3.82B3.8B3.84B3.84B3.8B3.68B0
Short-Term Borrowings230M000000000
Capital Lease Obligations153.02M130.03M95.99M000028M00
Total Current Liabilities386.35M170.14M150.24M142.61M118.7M133.09M141.2M122.82M119.88M0
Accounts Payable103.9M117.19M124.33M117.32M101.78M116.19M123.18M114.46M119.88M0
Deferred Revenue22.45M-1.05M-3.57B0000000
Other Liabilities208.8M183.82M147.16M139.79M118.93M70.82M60.97M65.02M65.5M0
Total Equity
4.89B▲ 0%
5.02B▲ 2.8%
4.89B▼ 2.6%
4.63B▼ 5.3%
4.52B▼ 2.5%
4.46B▼ 1.3%
4.41B▼ 1.0%
4.01B▼ 9.0%
4.01B▼ 0.1%
4.08B▲ 0%
Equity Growth %-8%2.79%-2.6%-5.33%-2.49%-1.34%-0.99%-8.98%-0.13%2.18%
Shareholders Equity3.99B4.18B4B3.79B3.65B3.59B3.59B3.2B3.14B4.08B
Minority Interest895.94M845.34M890.86M845.23M862.56M866.87M818.48M811.6M868.22M0
Common Stock2.3M2.4M2.33M2.27M2.19M2.19M2.17M2.17M2.17M2.22M
Additional Paid-in Capital4.12B4.3B4.2B4.13B4.12B4.12B4.19B4.13B4.14B0
Retained Earnings-129.65M-133.69M-219.91M00-538.85M-644.33M-943.93M-1.01B0
Preferred Stock00379K0000000
Return on Assets (ROA)-0.11%0.97%0.1%-0.34%-0.16%-0.24%-0.43%-3.16%-0.58%-1.22%
Return on Equity (ROE)-0.19%1.74%0.18%-0.62%-0.31%-0.45%-0.82%-6.17%-1.15%-2.39%
Debt / Assets40.54%39.71%40.74%43.75%44.43%45.15%45.43%47.51%46.71%0%
Debt / Equity0.74x0.71x0.73x0.83x0.84x0.86x0.87x0.95x0.92x0.92x
Net Debt / EBITDA5.33x4.63x4.53x4.79x4.64x8.23x8.50x8.73x8.51x8.51x
Book Value per Share22.4121.2420.4220.0020.3020.3719.9318.5118.4618.49

PGRE Cash Flow Statement

Paramount Group, Inc. (PGRE) cash flow — operating, investing & free cash flow history

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Cash from Operations145.04M190.11M156.52M285.44M237.27M244.31M246.64M277.86M264.93M264.93M
Operating CF Growth %954.74%31.07%-17.67%82.36%-16.88%2.96%0.95%12.66%-4.65%-199.05%
Operating CF / Revenue %21.23%26.44%20.62%37.11%33.22%33.61%33.31%37.41%34.98%36.63%
Net Income2.07M107.18M18.99M-29.6M-19.2M2.06M-28.2M-259.79M2.03M-97.4M
Depreciation & Amortization269.45M266.04M258.23M248.35M235.89M232.49M232.52M250.64M239.54M236.36M
Stock-Based Compensation11.28M15.92M19.65M22.86M19.24M18.61M19M0-186K16.8M
Other Non-Cash Items-125.1M-182.4M-63.81M-36.31M10.55M6.71M51.75M301.5M11.25M23.54M
Working Capital Changes-20.74M-15.7M-90.63M28.57M-9.21M-46.09M-28.44M-14.5M12.29M-2.49M
Cash from Investing-636.97M295.73M156.61M-323.44M40.03M-103.48M-152.58M-113.09M-109.11M-102.1M
Acquisitions (Net)-1.78M-29.58M-33.66M-366.78M36.86M-11.75M-15.81M47.01M0164K
Purchase of Investments-519.6M-29.25M-20.02M-15.23M-15.81M-24.89M-12.47M-78.51M0-41.69M
Sale of Investments1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Investing17.1M35.37M-11.82M-36.92M-3.2M-103.48M-59M-20M-120.9M-69.64M
Cash from Financing518.99M-427.76M-198.15M4.08M-143.47M-76.48M-173.9M-104.99M-109.97M104M
Dividends Paid-100.52M-100.78M-105.06M-103.11M-98.06M-67.48M-73.02M-52.68M-22.83M-2.29M
Common Dividends-100.52M-100.78M-105.06M-103.11M-98.06M-67.48M-73.02M0-22.83M-2.29M
Debt Issuance (Net)1000K-1000K1000K1000K-1000K1000K0-1000K-1000K0
Share Repurchases00-102.86M-97.14M-120.33M-235K-63.44M-2.05M-186K-140K
Other Financing-259.03M-36.37M-6.93M-42.11M110.82M-47.33M-37.73M-8.66M38.04M106.43M
Net Change in Cash
19.08M▲ 0%
58.09M▲ 204.4%
114.98M▲ 98.0%
-33.92M▼ 129.5%
133.84M▲ 494.5%
64.34M▼ 51.9%
-79.85M▼ 224.1%
59.78M▲ 174.9%
45.85M▼ 23.3%
167.33M▲ 0%
Exchange Rate Effect-1000K000000000
Cash at Beginning143.88M192.34M250.43M365.41M331.49M465.32M529.67M449.82M509.6M0
Cash at End162.97M250.43M365.41M331.49M465.32M529.67M449.82M509.6M555.45M0
Free Cash Flow
-507.25M▲ 0%
482.04M▲ 195.0%
353.84M▼ 26.6%
327.89M▼ 7.3%
237.27M▼ 27.6%
132.31M▼ 44.2%
120.83M▼ 8.7%
177.33M▲ 46.8%
264.93M▲ 49.4%
165.44M▲ 0%
FCF Growth %-306.36%195.03%-26.59%-7.33%-27.64%-44.24%-8.67%46.76%49.39%-32.66%
FCF / Revenue %-74.23%67.05%46.62%42.63%33.22%18.2%16.32%23.87%34.98%22.87%

PGRE Key Ratios

Paramount Group, Inc. (PGRE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201620172018201920202021202220232024TTM
FFO per Share2.412.882.512.362.650.970.89-0.040.890.63
FFO Payout Ratio19.12%14.81%17.5%18.89%16.62%31.81%37.24%0%11.81%1.65%
NOI Margin63.41%62.98%63.89%64.27%62.54%63.48%62.53%26.68%59.96%57.23%
Net Debt / EBITDA5.33x4.63x4.53x4.79x4.64x8.23x8.50x8.73x8.51x8.51x
Debt / Assets40.54%39.71%40.74%43.75%44.43%45.15%45.43%47.51%46.71%0%
Interest Coverage0.72x0.93x0.89x1.16x0.90x1.20x1.19x0.93x0.95x-
Book Value / Share22.4121.2420.422020.320.3719.9318.5118.4618.49
Revenue Growth3.16%5.21%5.56%1.35%-7.14%1.76%1.87%0.33%1.97%-5.29%

PGRE SEC Filings & Documents

Paramount Group, Inc. (PGRE) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Dec 19, 2025·SEC

Material company update

Dec 16, 2025·SEC

Material company update

Dec 10, 2025·SEC

10-K Annual Reports

3
FY 2025

Feb 27, 2025·SEC

FY 2024

Feb 14, 2024·SEC

FY 2023

Feb 15, 2023·SEC

10-Q Quarterly Reports

6
FY 2025

Oct 29, 2025·SEC

FY 2025

Jul 30, 2025·SEC

FY 2025

Apr 30, 2025·SEC

PGRE Frequently Asked Questions

Paramount Group, Inc. (PGRE) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Paramount Group, Inc. (PGRE) reported $723.3M in revenue for fiscal year 2024. This represents a 1232% increase from $54.3M in 2012.

Paramount Group, Inc. (PGRE) grew revenue by 2.0% over the past year. Growth has been modest.

Paramount Group, Inc. (PGRE) reported a net loss of $97.4M for fiscal year 2024.

Dividend & Returns

Yes, Paramount Group, Inc. (PGRE) pays a dividend with a yield of 1.59%. This makes it attractive for income-focused investors.

Paramount Group, Inc. (PGRE) has a return on equity (ROE) of -1.2%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Paramount Group, Inc. (PGRE) generated Funds From Operations (FFO) of $138.8M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Explore More PGRE

Paramount Group, Inc. (PGRE) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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