Headquartered in New York City, Paramount Group, Inc. More Details
Average dividend payer and slightly overvalued.
Share Price & News
How has Paramount Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PGRE has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: PGRE underperformed the US REITs industry which returned -13.8% over the past year.
Return vs Market: PGRE underperformed the US Market which returned 12.9% over the past year.
Price Volatility Vs. Market
How volatile is Paramount Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StWho Has Been Buying Paramount Group, Inc. (NYSE:PGRE) Shares?
5 months ago | Simply Wall StHow Should Investors React To Paramount Group, Inc.'s (NYSE:PGRE) CEO Pay?
Is Paramount Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PGRE ($7.08) is trading below our estimate of fair value ($7.67)
Significantly Below Fair Value: PGRE is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: PGRE is unprofitable, so we can't compare its PE Ratio to the US REITs industry average.
PE vs Market: PGRE is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PGRE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PGRE is good value based on its PB Ratio (0.4x) compared to the US REITs industry average (1.5x).
How is Paramount Group forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PGRE is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: PGRE is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: PGRE is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: PGRE's revenue (1.2% per year) is forecast to grow slower than the US market (9.8% per year).
High Growth Revenue: PGRE's revenue (1.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PGRE is forecast to be unprofitable in 3 years.
How has Paramount Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PGRE is currently unprofitable.
Growing Profit Margin: PGRE is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PGRE is unprofitable, and losses have increased over the past 5 years at a rate of 22.6% per year.
Accelerating Growth: Unable to compare PGRE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PGRE is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (3.3%).
Return on Equity
High ROE: PGRE has a negative Return on Equity (-0.95%), as it is currently unprofitable.
How is Paramount Group's financial position?
Financial Position Analysis
Short Term Liabilities: PGRE's short term assets ($1.0B) exceed its short term liabilities ($130.2M).
Long Term Liabilities: PGRE's short term assets ($1.0B) do not cover its long term liabilities ($4.1B).
Debt to Equity History and Analysis
Debt Level: PGRE's debt to equity ratio (87%) is considered high.
Reducing Debt: PGRE's debt to equity ratio has increased from 56.1% to 87% over the past 5 years.
Debt Coverage: PGRE's debt is not well covered by operating cash flow (7.1%).
Interest Coverage: PGRE is unprofitable, therefore interest payments are not well covered by earnings.
What is Paramount Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: PGRE's dividend (5.65%) is higher than the bottom 25% of dividend payers in the US market (1.66%).
High Dividend: PGRE's dividend (5.65%) is in the top 25% of dividend payers in the US market (4.7%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, PGRE has been paying a dividend for less than 10 years.
Growing Dividend: PGRE's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (47.8%), PGRE's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PGRE's dividends in 3 years are forecast to be well covered by earnings (44% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Albert Behler (68 yo)
Mr. Albert P. Behler serves as Chief Executive officer, President and Chairman at Paramount Group Real Estate Advisor LLC. He has been the Chief Executive Officer, President of Paramount Group, Inc. since ...
CEO Compensation Analysis
Compensation vs Market: Albert's total compensation ($USD9.36M) is above average for companies of similar size in the US market ($USD4.57M).
Compensation vs Earnings: Albert's compensation has been consistent with company performance over the past year.
|Executive VP||4.5yrs||US$6.61m||0.0045% |
|Senior VP||11.33yrs||US$1.28m||0% |
|Executive Vice President of Leasing||2.75yrs||US$2.82m||0% |
|Executive VP & Head of Acquisitions||no data||US$2.02m||0% |
|Director of Business Development & Investor Relations||no data||no data||no data|
|Senior Vice President of Asset Management||no data||no data||no data|
|Senior Vice President of Leasing||2.33yrs||no data||no data|
Experienced Management: PGRE's management team is considered experienced (4.5 years average tenure).
|Independent Director||1.33yrs||US$102.50k||0% |
|Independent Director||5.83yrs||US$185.25k||0.028% |
|Independent Director||6.67yrs||US$175.00k||0.082% |
|Independent Director||4.5yrs||US$169.00k||0.0095% |
|Independent Director||4.5yrs||US$174.00k||0.0095% |
|Independent Director||2.33yrs||US$174.00k||0% |
|Independent Director||5.83yrs||US$164.00k||15.13% |
|Director||0.33yr||no data||no data|
Experienced Board: PGRE's board of directors are considered experienced (4.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Paramount Group, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Paramount Group, Inc.
- Ticker: PGRE
- Exchange: NYSE
- Industry: Office REITs
- Sector: Real Estate
- Implied Market Cap: US$1.809b
- Market Cap: US$1.570b
- Shares outstanding: 242.54m
- Website: https://www.paramount-group.com
Number of Employees
- Paramount Group, Inc.
- 1633 Broadway
- Suite 1801
- New York
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PGRE||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Nov 2014|
|6PM||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Nov 2014|
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 locate ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/09/22 06:26|
|End of Day Share Price||2020/09/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.