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Paramount Group Future Growth

Future criteria checks 0/6

Paramount Group's revenue and earnings are forecast to decline at 4.4% and 15.3% per annum respectively. EPS is expected to decline by 15.3% per annum. Return on equity is forecast to be -4% in 3 years.

Key information

-15.3%

Earnings growth rate

-15.31%

EPS growth rate

Office REITs earnings growth	-14.2%
Revenue growth rate	-4.4%
Future return on equity	-3.97%
Analyst coverage	Low
Last updated	19 Dec 2025

Recent future growth updates

Recent updates

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
12/31/2027	623	-114	N/A	N/A	1
12/31/2026	627	-99	N/A	N/A	2
12/31/2025	662	-62	N/A	N/A	2
9/30/2025	682	-97	171	171	N/A
6/30/2025	702	-78	205	205	N/A
3/31/2025	712	-66	204	204	N/A
12/31/2024	710	-46	265	265	N/A
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	N/A	157	N/A
3/31/2019	762	10	N/A	215	N/A
12/31/2018	711	3	N/A	157	N/A
9/30/2018	752	-3	N/A	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

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 is expected to decline over the next 3 years (-4.4% per year).

High Growth Revenue: PGRE's revenue is forecast to decline over the next 3 years (-4.4% 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	2025/12/20 13:42
End of Day Share Price	2025/12/18 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

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.

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 Github.

Analyst Sources

Paramount Group, Inc. is covered by 12 analysts. 2 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
William Catherwood	BTIG
Michael Gorman	BTIG

This company has been acquired

Paramount Group Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Consensus EPS estimates upgraded to US$0.23 loss, revenue downgraded

Price target increased by 8.9% to US$6.45

Paramount Group, Inc. Revises Earnings Guidance for the Full Year 2025

Consensus EPS estimates fall by 43%

Price target increased by 16% to US$6.00

Price target increased by 9.2% to US$5.19

Recent updates

Rithm Capital Corp. (NYSE:RITM) completed the acquisition of Paramount Group, Inc. (NYSE:PGRE) from The Vanguard Group, Inc., BlackRock, Inc. (NYSE:BLK), Long Pond Capital, LP and others.

Paramount Group, Inc.(NYSE:PGRE) dropped from Russell 3000 Index

Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus EPS estimates upgraded to US$0.23 loss, revenue downgraded

Price target increased by 8.9% to US$6.45

Paramount Group, Inc. to Report Q3, 2025 Results on Oct 29, 2025

Rithm Capital's Paramount Acquisition May Backfire In The Long Run

Rithm Capital Corp. (NYSE:RITM) entered into an Agreement and Plan of Merger to acquire Paramount Group, Inc. (NYSE:PGRE) for $1.5 billion.

Insufficient new directors

Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind

Paramount Group, Inc. Revises Earnings Guidance for the Full Year 2025

Consensus EPS estimates fall by 43%

Price target increased by 16% to US$6.00

Paramount Group, Inc. to Report Q2, 2025 Results on Jul 30, 2025

Price target increased by 9.2% to US$5.19

An undisclosed buyer acquired 25% stake in One Front Street, a Class A office building in San Francisco from Paramount Group, Inc. (NYSE:PGRE).

First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind

Paramount Group: Suspended Dividends Keep Me Away Even As New York Office Booms

Paramount Group, Inc. to Report Q1, 2025 Results on Apr 30, 2025

Chairman recently bought US$404k worth of stock

Paramount Group, Inc., Annual General Meeting, May 15, 2025

Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Paramount Group, Inc. Provides Earnings Guidance for the Full Year 2025

Price target decreased by 10% to US$4.81

Paramount Group, Inc. to Report Q4, 2024 Results on Feb 27, 2025

An unknown buyer acquired 45% stake in 900 Third Avenue from Paramount Group, Inc. (NYSE:PGRE).

Consensus EPS estimates upgraded to US$0.02 loss, revenue downgraded

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

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

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

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