Paramount Group Future Growth

Future criteria checks 0/6

Paramount Group is forecast to grow earnings and revenue by 48.8% and 4.4% per annum respectively. EPS is expected to grow by 32.9% per annum. Return on equity is forecast to be -2.7% in 3 years.

Key information

48.8%

Earnings growth rate

32.9%

EPS growth rate

Office REITs earnings growth	14.1%
Revenue growth rate	4.4%
Future return on equity	-2.7%
Analyst coverage	Low
Last updated	16 Dec 2024

Recent future growth updates

Recent updates

Paramount FFO of $0.25 beats by $0.01, revenue of $184.03M misses by $2.58M, guidance in-line

Feb 15

Paramount declares $0.0775 dividend

Dec 15

Paramount FFO of $0.24 in-line, revenue of $187.15M beats by $2.17M

Oct 26

Paramount Group: A Concentrated Portfolio Of Class A Office Buildings

Oct 03

Paramount declares $0.0775 dividend

Sep 15

Paramount Q2 FFO, revenue up, raises FY22 core FFO guidance

Jul 26

Paramount Group: Nothing Special Here

Jun 12

Earnings and Revenue Growth Forecasts

NYSE:PGRE - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	665	-63	N/A	N/A	2
12/31/2025	702	-39	N/A	N/A	3
12/31/2024	760	-2	N/A	N/A	2
9/30/2024	554	-213	279	279	N/A
6/30/2024	519	-212	277	277	N/A
3/31/2024	477	-252	290	290	N/A
12/31/2023	472	-260	278	278	N/A
9/30/2023	631	-92	248	248	N/A
6/30/2023	653	-85	254	254	N/A
3/31/2023	690	-38	246	246	N/A
12/31/2022	686	-36	247	247	N/A
9/30/2022	722	3	231	231	N/A
6/30/2022	720	2	241	241	N/A
3/31/2022	705	-13	245	245	N/A
12/31/2021	703	-20	244	244	N/A
9/30/2021	701	-26	286	286	N/A
6/30/2021	694	-33	269	269	N/A
3/31/2021	692	-25	269	269	N/A
12/31/2020	696	-20	237	237	N/A
9/30/2020	703	-25	218	218	N/A
6/30/2020	720	-12	282	282	N/A
3/31/2020	736	-3	218	218	N/A
12/31/2019	739	-3	285	285	N/A
9/30/2019	746	11	229	229	N/A
6/30/2019	749	45	157	157	N/A
3/31/2019	762	10	215	215	N/A
12/31/2018	711	3	157	157	N/A
9/30/2018	752	-3	222	222	N/A
6/30/2018	735	-51	N/A	218	N/A
3/31/2018	733	87	N/A	185	N/A
12/31/2017	734	86	N/A	190	N/A
9/30/2017	718	87	N/A	180	N/A
6/30/2017	710	97	N/A	95	N/A
3/31/2017	695	-3	N/A	107	N/A
12/31/2016	675	-10	N/A	148	N/A
9/30/2016	680	5	N/A	-5	N/A
6/30/2016	681	7	N/A	53	N/A
3/31/2016	670	-1	N/A	66	N/A
12/31/2015	668	-4	N/A	-17	N/A
9/30/2015	599	22	N/A	-66	N/A
6/30/2015	503	33	N/A	60	N/A
3/31/2015	393	38	N/A	-7	N/A
12/31/2014	298	57	N/A	-165	N/A
9/30/2014	422	30	N/A	1	N/A
6/30/2014	377	21	N/A	-120	N/A
3/31/2014	458	25	N/A	-133	N/A
12/31/2013	421	17	N/A	33	N/A

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 (4.4% per year) is forecast to grow slower than the US market (9.1% per year).

High Growth Revenue: PGRE's revenue (4.4% 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.

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/19 16:42
End of Day Share Price	2024/12/19 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Paramount Group, Inc. is covered by 15 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jeffrey Spector	BofA Global Research
Michael Gorman	BTIG
James Sullivan	BTIG

Paramount Group Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Price target increased by 10% to US$5.13

Paramount Group, Inc. Raises Earnings Guidance for the Full Year of 2024

Consensus EPS estimates upgraded to US$0.08 loss, revenue downgraded

Consensus EPS estimates upgraded to US$0.11 loss

Consensus EPS estimates fall by 52%

Consensus EPS estimates fall by 24%

Recent updates

Price target increased by 10% to US$5.13

Paramount Group, Inc. Raises Earnings Guidance for the Full Year of 2024

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Consensus EPS estimates upgraded to US$0.08 loss, revenue downgraded

Paramount Group, Inc. to Report Q3, 2024 Results on Oct 30, 2024

Paramount Group: A Speculative Buy As Era Of Rate Cuts Begins (Rating Upgrade)

New minor risk - Shareholder dilution

Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Paramount Group, Inc. to Report Q2, 2024 Results on Jul 31, 2024

Consensus EPS estimates upgraded to US$0.11 loss

First quarter dividend of US$0.035 announced

Paramount Group, Inc. Declares Regular Quarterly Dividend for the Period from April 1, 2024 to June 30, 2024, Payable on July 15, 2024

New minor risk - Shareholder dilution

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Paramount Group, Inc. to Report Q1, 2024 Results on May 01, 2024

Paramount Group, Inc., Annual General Meeting, May 16, 2024

Upcoming dividend of US$0.035 per share

Fourth quarter dividend of US$0.035 announced

Paramount Group, Inc. Declares Quarterly Cash Dividend, Payable on April 15, 2024

New minor risk - Shareholder dilution

Paramount Group: Blue Chip Tenants And Rock Bottom Valuation

Now 21% overvalued

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Paramount Group, Inc. Reports Impairment for the Three Months Ended December 31, 2023

Paramount Group, Inc. to Report Q4, 2023 Results on Feb 14, 2024

Upcoming dividend of US$0.035 per share at 5.9% yield

Consensus EPS estimates fall by 52%

Paramount Group, Inc. Declares Regular Quarterly Cash Dividend for the Period from October 1, 2023 to December 31, 2023, Payable on January 12, 2024

Consensus EPS estimates fall by 24%

Paramount Group: Pull The Plug

Price target decreased by 8.3% to US$4.40

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Paramount Group, Inc. Revises Earnings Guidance for the Full Year 2023

Paramount Group, Inc. to Report Q3, 2023 Results on Nov 01, 2023

Upcoming dividend of US$0.035 per share at 6.4% yield

Paramount Group: Upcoming Debt Maturity Wall Could Mean More Downside

Chairman recently bought US$326k worth of stock

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Paramount Group, Inc. Updates Earnings Guidance for the Full Year 2023

Consensus EPS estimates fall by 400%

Paramount Group, Inc. to Report Q2, 2023 Results on Jul 31, 2023

Upcoming dividend of US$0.035 per share at 7.0% yield

Paramount Group, Inc. Declares Reduced Quarterly Cash Dividend for the Period from April 1, 2023 to June 30, 2023, Payable on July 14, 2023

Price target decreased by 7.5% to US$4.70

Consensus EPS estimates upgraded to US$0.02 loss

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Paramount Group, Inc. Revises Earnings Guidance for the Year 2023

Price target decreased by 14% to US$5.29

Chairman recently bought US$299k worth of stock

Consensus EPS estimates fall by 186%

Price target decreased by 8.6% to US$6.13

Chairman recently bought US$215k worth of stock

Full year 2022 earnings: EPS and revenues miss analyst expectations

Paramount Group, Inc. Provides Earnings Guidance for the Full Year 2023

Paramount FFO of $0.25 beats by $0.01, revenue of $184.03M misses by $2.58M, guidance in-line

Paramount Group, Inc. to Report Q4, 2022 Results on Feb 15, 2023

Lead Independent Director notifies of intention to sell stock

Chairman recently bought US$117k worth of stock

Upcoming dividend of US$0.077 per share

Paramount Group, Inc. Declares Regular Quarterly Cash Dividend of Common Stock for the Period from October 1, 2022 to December 31, 2022, Payable on January 13, 2023

Paramount declares $0.0775 dividend

Price target decreased to US$6.70

Chairman recently bought US$288k worth of stock

Consensus forecasts updated

Price target decreased to US$8.67

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Paramount Group, Inc. Updates Earnings Guidance for the Full Year 2022

Paramount FFO of $0.24 in-line, revenue of $187.15M beats by $2.17M

Price target decreased to US$7.40