Free Trial

Paramount Group (PGRE) Financials

Paramount Group logo
$7.13 -0.08 (-1.11%)
Closing price 09/12/2025 03:59 PM Eastern
Extended Trading
$7.12 -0.01 (-0.14%)
As of 09/12/2025 07:37 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for Paramount Group

Annual Income Statements for Paramount Group

This table shows Paramount Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders
-4.42 -9.93 86 9.15 -37 -25 -20 -36 -260 -46
Consolidated Net Income / (Loss)
21 2.07 107 19 -30 -19 2.06 -28 -371 -38
Net Income / (Loss) Continuing Operations
21 2.07 107 13 4.21 -14 0.00 0.00 0.00 0.00
Total Pre-Tax Income
24 3.85 112 17 4.52 -13 5.70 -25 -370 -36
Total Operating Income
71 108 123 153 168 145 169 170 115 147
Total Gross Profit
662 683 719 708 744 714 727 740 743 757
Total Revenue
662 683 719 708 744 714 727 740 743 757
Operating Revenue
662 683 719 708 710 714 727 740 743 757
Total Cost of Revenue
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Operating Expenses
592 575 596 555 575 569 558 570 627 610
Selling, General & Admin Expense
42 54 62 58 69 65 59 337 356 66
Depreciation Expense
295 269 266 241 240 235 232 233 251 240
Other Operating Expenses / (Income)
10 2.40 268 1.47 267 1.10 0.92 0.47 21 0.92
Other Special Charges / (Income)
245 250 - 255 - 268 265 - - 303
Total Other Income / (Expense), net
-47 -104 -11 -137 -164 -158 -163 -192 -483 -184
Interest Expense
167 151 144 148 169 144 142 144 153 167
Interest & Investment Income
45 7.41 11 11 5.14 -14 -22 -48 -255 -17
Other Income / (Expense), net
76 39 122 -0.27 -0.34 0.27 0.78 -0.13 -75 0.27
Income Tax Expense
2.57 1.79 5.18 3.14 0.31 1.49 3.64 3.27 1.43 2.06
Net Income / (Loss) Discontinued Operations
- - - 5.58 -34 -5.08 0.00 0.00 0.00 0.00
Net Income / (Loss) Attributable to Noncontrolling Interest
26 12 21 9.85 7.30 5.51 22 - -110 7.89
Basic Earnings per Share
($0.02) ($0.05) $0.37 $0.04 ($0.16) ($0.11) ($0.09) ($0.16) ($1.20) ($0.21)
Weighted Average Basic Shares Outstanding
212.11M 218.05M 236.37M 239.53M 231.54M 222.44M 218.70M 221.31M 216.92M 217.24M
Diluted Earnings per Share
($0.02) ($0.05) $0.37 $0.04 ($0.16) ($0.11) ($0.09) ($0.16) ($1.20) ($0.21)
Weighted Average Diluted Shares Outstanding
212.11M 218.05M 236.40M 239.56M 231.54M 222.44M 218.70M 221.31M 216.92M 217.24M
Weighted Average Basic & Diluted Shares Outstanding
212.11M 230.67M 240.43M 233.21M 227.51M 218.99M 219.11M 216.98M 217.37M 217.53M
Cash Dividends to Common per Share
$0.42 $0.38 $0.38 $0.40 $0.40 $0.40 $0.28 $0.37 $0.18 $0.11

Quarterly Income Statements for Paramount Group

This table shows Paramount Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Income / (Loss) Attributable to Common Shareholders
-38 1.73 -48 -8.39 -206 9.87 -7.82 -9.69 -39 -10 -20
Consolidated Net Income / (Loss)
-40 8.31 -83 -25 -272 17 -2.86 -4.20 -48 -5.32 -20
Net Income / (Loss) Continuing Operations
-11 1.73 -85 -29 112 17 -2.83 -4.20 -9.70 -5.32 -20
Total Pre-Tax Income
-38 8.60 -82 -25 -271 17 -2.50 -3.58 -47 -4.95 -21
Total Operating Income
39 45 17 33 21 39 34 38 36 32 17
Total Gross Profit
184 188 173 189 192 189 187 195 186 187 177
Total Revenue
184 188 173 189 192 189 187 195 186 187 177
Operating Revenue
184 188 173 189 192 180 187 195 195 187 168
Other Revenue
- - - - - 9.15 - - - - 9.01
Total Cost of Revenue
- 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00 0.00
Total Operating Expenses
145 144 155 156 172 150 153 157 150 155 160
Selling, General & Admin Expense
291 85 87 91 93 17 17 17 16 17 24
Depreciation Expense
61 59 63 60 69 61 62 60 57 59 60
Other Operating Expenses / (Income)
0.09 0.13 5.41 5.02 10 72 0.42 0.24 -72 0.15 76
Total Other Income / (Expense), net
-73 -37 -102 -62 -283 -22 -37 -41 -83 -37 -38
Interest Expense
37 36 37 39 41 40 40 44 43 43 42
Interest & Investment Income
-35 0.71 -25 -25 -206 18 3.12 2.54 -41 5.72 4.08
Other Income / (Expense), net
-0.76 -1.00 -39 1.97 -37 0.11 -0.02 0.11 0.07 0.07 -0.22
Income Tax Expense
1.71 0.29 0.57 0.26 0.30 0.35 0.36 0.62 0.73 0.37 -0.97
Net Income / (Loss) Attributable to Noncontrolling Interest
- - -37 -21 - 6.87 4.96 5.49 -9.42 4.71 -0.62
Basic Earnings per Share
($0.17) $0.01 ($0.22) ($0.04) ($0.95) $0.05 ($0.04) ($0.04) ($0.18) ($0.05) ($0.09)
Weighted Average Basic Shares Outstanding
221.31M 216.56M 217.00M 217.04M 216.92M 217.11M 217.20M 217.31M 217.24M 218.01M 219.22M
Diluted Earnings per Share
($0.17) $0.01 ($0.22) ($0.04) ($0.95) $0.05 ($0.04) ($0.04) ($0.18) ($0.05) ($0.09)
Weighted Average Diluted Shares Outstanding
221.31M 216.62M 217.00M 217.04M 216.92M 217.19M 217.20M 217.31M 217.24M 218.01M 219.22M
Weighted Average Basic & Diluted Shares Outstanding
216.98M 217.21M 217.31M 217.35M 217.37M 217.33M 217.46M 217.52M 217.53M 219.23M 220.39M

Annual Cash Flow Statements for Paramount Group

This table details how cash moves in and out of Paramount Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2013 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2013 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents
2.18 -309 15 58 115 -34 134 64 -80 60 46
Net Cash From Operating Activities
33 -17 148 190 157 285 237 244 247 278 265
Net Cash From Continuing Operating Activities
33 -17 148 190 157 285 237 244 247 278 265
Net Income / (Loss) Continuing Operations
303 21 2.07 107 19 -30 -19 2.06 -28 -371 -38
Consolidated Net Income / (Loss)
303 21 2.07 107 19 -30 -19 2.06 -28 -371 -38
Depreciation Expense
11 295 269 266 258 248 236 232 233 251 240
Amortization Expense
0.43 -7.35 -2.73 -8.34 -5.04 8.33 4.54 6.06 4.41 0.84 4.43
Non-Cash Adjustments To Reconcile Net Income
-298 -207 -65 -158 -25 30 25 50 66 409 47
Changes in Operating Assets and Liabilities, net
18 -118 -56 -17 -91 29 -9.21 -46 -28 -11 12
Net Cash From Investing Activities
1.04 -109 -653 296 157 -323 40 -103 -153 -160 -109
Net Cash From Continuing Investing Activities
1.04 -109 -653 296 157 -323 40 -103 -153 -160 -109
Purchase of Investments
-2.73 -8.55 -653 -306 -188 -369 -16 -33 -23 -61 -2.74
Sale and/or Maturity of Investments
2.27 7.07 2.35 47 25 38 22 40 0.00 0.00 10
Other Investing Activities, net
1.65 -108 -1.78 14 330 7.61 34 -110 -129 -99 -116
Net Cash From Financing Activities
-32 -182 519 -428 -198 4.08 -143 -76 -174 -58 -110
Net Cash From Continuing Financing Activities
-32 -182 519 -428 -198 4.08 -143 -76 -174 -58 -110
Repayment of Debt
-18 -947 -1,063 -1,350 -34 -1,256 -200 -867 0.00 -274 -986
Repurchase of Common Equity
- - 0.00 0.00 -103 -97 -120 0.00 -63 -1.85 0.00
Payment of Dividends
-127 -404 -104 -220 -123 -148 -111 -98 -114 -61 -28
Issuance of Debt
0.00 1,034 1,702 1,052 17 1,492 173 889 0.00 232 850
Issuance of Common Equity
106 168 7.65 101 45 15 12 0.12 0.00 0.00 62
Other Financing Activities, net
6.27 -34 -24 -9.87 0.00 -1.32 103 -0.24 2.97 47 -8.16
Cash Interest Paid
24 159 140 132 136 139 136 132 139 144 156
Cash Income Taxes Paid
2.60 2.80 2.10 5.05 4.05 2.47 1.37 1.76 2.71 0.89 2.03

Quarterly Cash Flow Statements for Paramount Group

This table details how cash moves in and out of Paramount Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Change in Cash & Equivalents
-60 61 -3.54 -37 39 -62 24 20 63 59 46
Net Cash From Operating Activities
72 58 80 38 102 70 67 40 88 8.87 68
Net Cash From Continuing Operating Activities
72 58 80 38 102 70 67 40 88 8.87 68
Net Income / (Loss) Continuing Operations
-40 8.31 -83 -25 -272 17 -2.86 -4.20 -48 -5.32 -20
Consolidated Net Income / (Loss)
-40 8.31 -83 -25 -272 17 -2.86 -4.20 -48 -5.32 -20
Depreciation Expense
61 59 63 60 69 61 62 60 57 59 60
Amortization Expense
0.38 0.50 0.09 0.11 0.14 1.03 1.00 1.25 1.15 2.18 1.38
Non-Cash Adjustments To Reconcile Net Income
43 0.65 82 32 294 -9.94 5.63 3.57 48 2.57 11
Changes in Operating Assets and Liabilities, net
7.35 -10 18 -30 11 0.95 1.47 -21 31 -49 16
Net Cash From Investing Activities
-67 -19 -65 -23 -53 -41 -24 -10 -34 -34 -37
Net Cash From Continuing Investing Activities
-67 -19 -65 -23 -53 -41 -24 -10 -34 -34 -37
Other Investing Activities, net
-55 -19 -24 -23 -33 -41 -22 -20 -33 -34 -37
Net Cash From Financing Activities
-65 22 -19 -51 -10 -90 -19 -9.19 8.62 84 14
Net Cash From Continuing Financing Activities
-65 22 -19 -51 -10 -90 -19 -9.19 8.62 84 14
Repayment of Debt
- 0.00 - -274 -0.07 -986 -0.01 - - 0.00 -0.41
Payment of Dividends
-25 -22 -19 -9.78 -9.96 -9.17 -9.20 -9.19 -0.82 -1.86 -1.92
Issuance of Common Equity
- 0.28 -0.28 - - 62 - - - 2.25 6.13
Other Financing Activities, net
3.26 44 2.93 -0.08 -0.00 -7.64 -9.96 - 9.44 83 10
Cash Interest Paid
37 33 36 38 38 38 38 40 40 40 40
Cash Income Taxes Paid
0.53 0.32 0.28 0.13 0.17 0.22 0.52 0.30 0.99 0.21 0.34

Annual Balance Sheets for Paramount Group

This table presents Paramount Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets
9,030 8,775 8,867 8,918 8,756 8,734 8,554 8,495 8,453 8,006 7,872
Total Current Assets
522 218 577 297 385 325 483 545 474 528 574
Cash & Equivalents
439 144 163 219 340 306 435 525 409 428 375
Restricted Cash
56 42 29 31 26 - 31 4.77 41 81 180
Accounts Receivable
7.69 11 15 17 20 19 18 16 24 18 18
Plant, Property, & Equipment, net
7,449 7,409 7,531 7,842 7,457 7,100 6,997 6,915 6,846 6,745 6,652
Plant, Property & Equipment, gross
7,530 7,652 7,849 8,329 8,102 7,890 7,963 8,028 8,144 8,217 8,291
Accumulated Depreciation
81 243 318 488 645 790 967 1,113 1,298 1,472 1,640
Total Noncurrent Assets
1,059 1,148 760 780 913 1,309 1,075 1,034 1,028 733 646
Long-Term Investments
5.75 61 35 52 125 459 426 420 397 137 91
Intangible Assets
669 511 412 352 270 203 154 119 90 68 50
Other Noncurrent Operating Assets
384 576 313 375 518 542 495 495 541 528 505
Total Liabilities & Shareholders' Equity
9,030 8,775 8,867 8,918 8,756 8,734 8,554 8,495 8,453 8,006 7,872
Total Liabilities
3,475 3,465 3,981 3,896 3,864 4,103 4,038 4,040 4,042 3,991 3,862
Total Current Liabilities
93 128 129 143 150 143 119 133 141 123 120
Accounts Payable
93 103 104 118 124 117 102 116 123 114 120
Total Noncurrent Liabilities
3,382 3,337 3,852 3,753 3,714 3,961 3,920 3,906 3,901 3,869 3,742
Long-Term Debt
2,852 20 230 0.00 0.00 3,821 3,801 3,836 3,840 3,803 3,677
Other Noncurrent Operating Liabilities
527 3,314 3,622 3,753 3,714 140 119 71 61 65 65
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
5,555 5,311 4,886 5,022 4,892 4,631 4,516 4,455 4,411 4,015 4,009
Total Preferred & Common Equity
3,911 3,761 3,990 4,177 4,001 3,786 3,653 3,588 3,592 3,203 3,141
Total Common Equity
3,911 3,761 3,990 4,177 4,001 3,786 3,653 3,588 3,592 3,203 3,141
Common Stock
3,854 3,805 4,119 4,300 4,204 4,135 4,122 4,125 4,188 4,136 4,146
Accumulated Other Comprehensive Income / (Loss)
0.00 -7.84 0.37 10 17 -0.17 -13 2.14 48 11 0.43
Other Equity Adjustments
- - - - -220 -350 -456 -539 -644 -944 -1,006
Noncontrolling Interest
1,644 1,550 896 845 891 845 863 867 818 812 868

Quarterly Balance Sheets for Paramount Group

This table presents Paramount Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2022 Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025
Period end date 6/30/2022 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025
Total Assets
8,482 8,496 8,480 8,368 8,289 7,930 7,902 7,891 7,947 7,959
Total Current Assets
550 530 530 521 485 464 486 511 635 683
Cash & Equivalents
507 469 452 435 400 276 307 319 427 440
Restricted Cash
25 40 59 73 71 172 165 174 187 220
Accounts Receivable
18 20 19 14 14 16 14 19 20 24
Plant, Property, & Equipment, net
6,871 6,871 6,814 6,787 6,756 6,721 6,692 6,661 6,639 6,624
Plant, Property & Equipment, gross
8,070 8,119 8,152 8,165 8,184 8,245 8,243 8,257 8,314 8,317
Accumulated Depreciation
1,199 1,248 1,338 1,378 1,428 1,524 1,550 1,596 1,675 1,693
Total Noncurrent Assets
1,062 1,096 1,028 993 979 745 724 719 674 651
Long-Term Investments
444 443 388 404 373 137 135 134 86 89
Intangible Assets
105 97 84 80 74 63 58 54 47 44
Other Noncurrent Operating Assets
513 555 555 509 532 545 531 531 541 518
Total Liabilities & Shareholders' Equity
8,482 8,496 8,480 8,368 8,289 7,930 7,902 7,891 7,947 7,959
Total Liabilities
4,031 4,073 4,043 4,020 3,979 3,851 3,846 3,840 3,847 3,856
Total Current Liabilities
127 171 137 122 118 123 119 115 114 116
Accounts Payable
108 152 119 113 109 115 111 115 114 116
Total Noncurrent Liabilities
3,904 3,902 3,906 3,898 3,861 3,728 3,727 3,725 3,732 3,741
Long-Term Debt
3,838 3,839 3,841 3,843 3,802 3,670 3,672 3,674 3,679 3,681
Other Noncurrent Operating Liabilities
66 63 64 56 58 58 55 50 54 60
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
4,451 4,423 4,437 4,348 4,310 4,079 4,056 4,051 4,101 4,102
Total Preferred & Common Equity
3,697 3,674 3,563 3,507 3,429 3,199 3,182 3,174 3,087 3,028
Total Common Equity
3,697 3,674 3,563 3,507 3,429 3,199 3,182 3,174 3,087 3,028
Common Stock
4,231 4,213 4,184 4,186 4,131 4,134 4,138 4,143 4,103 4,064
Accumulated Other Comprehensive Income / (Loss)
37 51 38 36 29 7.08 1.55 -1.76 0.42 -0.01
Other Equity Adjustments
-571 -590 -660 -715 -731 -942 -957 -967 -1,016 -1,036
Noncontrolling Interest
754 749 875 841 881 880 874 878 1,014 1,074

Annual Metrics And Ratios for Paramount Group

This table displays calculated financial ratios and metrics derived from Paramount Group's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
0.00% 3.16% 5.21% -1.57% 5.10% -3.97% 1.76% 1.87% 0.33% 1.97%
EBITDA Growth
0.00% -4.54% 21.42% -19.23% 4.62% -9.09% 5.70% -0.21% -28.35% 34.20%
EBIT Growth
0.00% 0.60% 66.35% -37.62% 9.98% -13.29% 16.39% 0.45% -76.32% 266.03%
NOPAT Growth
0.00% -7.99% 102.80% 5.56% 26.38% -35.06% -40.12% 95.77% -32.36% 27.81%
Net Income Growth
0.00% -90.21% 5,080.09% -82.28% -255.86% 35.16% 110.73% -1,469.45% -1,216.82% 89.66%
EPS Growth
0.00% -150.00% 840.00% -89.19% -500.00% 31.25% 18.18% -77.78% -650.00% 82.50%
Operating Cash Flow Growth
0.00% 974.83% 28.21% -17.67% 82.36% -16.88% 2.96% 0.95% 12.66% -4.65%
Free Cash Flow Firm Growth
0.00% 0.00% -108.86% 876.17% -831.97% 108.80% -45.51% 10.90% 35.76% 11.23%
Invested Capital Growth
0.00% -10.66% 3.76% -6.13% 71.82% -2.16% -1.13% -0.56% -1.88% -1.94%
Revenue Q/Q Growth
0.00% -0.54% 1.91% 0.00% 0.00% -0.61% 0.26% -0.03% 1.15% -0.81%
EBITDA Q/Q Growth
0.00% 2.81% -3.35% 58.87% 68.77% 127.34% 153.05% -1.18% -13.77% 11.73%
EBIT Q/Q Growth
0.00% 6.87% -8.26% 0.00% 0.00% -5.66% 6.85% -4.84% -57.25% 54.94%
NOPAT Q/Q Growth
0.00% -46.26% -0.30% 0.00% 0.00% -5.84% -45.14% -22.22% -13.58% 11.85%
Net Income Q/Q Growth
0.00% -91.71% -3.95% 0.00% 0.00% 67.66% 112.69% -265.33% -166.82% 85.35%
EPS Q/Q Growth
0.00% -350.00% 0.00% 0.00% 0.00% 0.00% 0.00% -900.00% -185.71% 78.57%
Operating Cash Flow Q/Q Growth
0.00% 3,055.02% 5.50% -29.56% 24.65% 319.68% -45.42% 6.93% 12.12% -4.99%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00% -101.70% 112.79% -1,388.72% -22.96% -38.29% -29.55% 3.02% 20.38%
Invested Capital Q/Q Growth
0.00% -41.61% -1.09% -44.65% -2.02% -1.11% -0.59% -0.15% -0.41% -0.84%
Profitability Metrics
- - - - - - - - - -
Gross Margin
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
EBITDA Margin
65.47% 60.58% 69.91% 57.37% 57.11% 54.06% 56.16% 55.01% 39.29% 51.70%
Operating Margin
10.66% 15.80% 17.13% 21.63% 22.64% 20.36% 23.23% 23.03% 15.52% 19.46%
EBIT Margin
22.10% 21.55% 34.07% 21.59% 22.59% 20.40% 23.33% 23.01% 5.43% 19.49%
Profit (Net Income) Margin
3.19% 0.30% 14.91% 2.68% -3.98% -2.69% 0.28% -3.81% -49.99% -5.07%
Tax Burden Percent
89.18% 53.68% 95.39% 114.73% -654.93% 152.01% 36.11% 113.10% 100.39% 105.66%
Interest Burden Percent
16.20% 2.62% 45.87% 10.83% 2.69% -8.67% 3.36% -14.64% -916.94% -24.61%
Effective Tax Rate
10.82% 46.32% 4.61% 18.96% 6.90% 0.00% 63.89% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
1.24% 1.20% 2.54% 2.71% 2.61% 1.35% 0.82% 1.63% 1.11% 1.45%
ROIC Less NNEP Spread (ROIC-NNEP)
19.98% 21.02% 5.73% 29.96% -12.24% -2.75% -1.20% -3.45% -13.78% -3.12%
Return on Net Nonoperating Assets (RNNOA)
-0.84% -1.16% -0.37% -2.33% -3.23% -1.77% -0.78% -2.26% -9.93% -2.41%
Return on Equity (ROE)
0.40% 0.04% 2.16% 0.38% -0.62% -0.42% 0.05% -0.64% -8.81% -0.96%
Cash Return on Invested Capital (CROIC)
0.00% 12.46% -1.15% 9.03% -50.24% 3.53% 1.96% 2.19% 3.01% 3.41%
Operating Return on Assets (OROA)
1.64% 1.67% 2.75% 1.73% 1.92% 1.69% 1.99% 2.01% 0.49% 1.86%
Return on Assets (ROA)
0.24% 0.02% 1.21% 0.21% -0.34% -0.22% 0.02% -0.33% -4.51% -0.48%
Return on Common Equity (ROCE)
0.28% 0.03% 1.78% 0.32% -0.51% -0.34% 0.04% -0.52% -7.11% -0.76%
Return on Equity Simple (ROE_SIMPLE)
0.56% 0.05% 2.57% 0.47% -0.78% -0.53% 0.06% -0.78% -11.59% -1.22%
Net Operating Profit after Tax (NOPAT)
63 58 118 124 157 102 61 119 81 103
NOPAT Margin
9.51% 8.48% 16.34% 17.53% 21.08% 14.25% 8.39% 16.12% 10.87% 13.62%
Net Nonoperating Expense Percent (NNEP)
-18.74% -19.81% -3.20% -27.25% 14.85% 4.10% 2.02% 5.08% 14.89% 4.57%
Return On Investment Capital (ROIC_SIMPLE)
- - - - - - - 1.45% 1.03% 1.34%
Cost of Revenue to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue
6.35% 7.83% 8.56% 8.13% 9.22% 9.09% 8.14% 45.51% 47.92% 8.76%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
89.34% 84.20% 82.87% 78.37% 77.36% 79.64% 76.77% 76.97% 84.48% 80.54%
Earnings before Interest and Taxes (EBIT)
146 147 245 153 168 146 170 170 40 148
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
434 414 503 406 425 386 408 407 292 392
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
0.77 0.69 0.72 0.61 0.70 0.48 0.46 0.34 0.35 0.34
Price to Tangible Book Value (P/TBV)
0.89 0.77 0.79 0.65 0.74 0.50 0.48 0.35 0.35 0.35
Price to Revenue (P/Rev)
4.38 4.01 4.20 3.43 3.58 2.45 2.28 1.67 1.49 1.42
Price to Earnings (P/E)
0.00 0.00 34.92 265.71 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield
3.06% 3.07% 3.02% 3.90% 3.42% 4.65% 3.70% 5.52% 3.59% 2.83%
Earnings Yield
0.00% 0.00% 2.86% 0.38% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
0.83 0.80 0.75 0.64 0.86 0.74 0.74 0.69 0.71 0.71
Enterprise Value to Revenue (EV/Rev)
6.35 5.29 4.91 4.00 8.82 7.73 7.44 6.82 6.83 6.57
Enterprise Value to EBITDA (EV/EBITDA)
9.69 8.73 7.02 6.97 15.44 14.30 13.25 12.39 17.39 12.70
Enterprise Value to EBIT (EV/EBIT)
28.71 24.54 14.41 18.52 39.03 37.90 31.89 29.63 125.81 33.68
Enterprise Value to NOPAT (EV/NOPAT)
66.74 62.37 30.04 22.82 41.84 54.25 88.72 42.30 62.88 48.21
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 24.37 18.57 18.08 22.98 23.28 22.14 20.47 18.26 18.77
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 6.02 0.00 6.85 0.00 20.77 37.32 31.41 23.26 20.50
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.00 0.05 0.00 0.00 0.83 0.84 0.86 0.87 0.95 0.92
Long-Term Debt to Equity
0.00 0.05 0.00 0.00 0.83 0.84 0.86 0.87 0.95 0.92
Financial Leverage
-0.04 -0.06 -0.07 -0.08 0.26 0.65 0.65 0.66 0.72 0.77
Leverage Ratio
1.64 1.73 1.80 1.78 1.84 1.89 1.90 1.91 1.95 1.98
Compound Leverage Factor
0.27 0.05 0.82 0.19 0.05 -0.16 0.06 -0.28 -17.91 -0.49
Debt to Total Capital
0.38% 4.50% 0.00% 0.00% 45.21% 45.70% 46.26% 46.54% 48.65% 47.83%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
0.38% 4.50% 0.00% 0.00% 45.21% 45.70% 46.26% 46.54% 48.65% 47.83%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
29.07% 17.51% 16.83% 18.21% 10.00% 10.37% 10.46% 9.92% 10.38% 11.30%
Common Equity to Total Capital
70.56% 77.99% 83.17% 81.79% 44.79% 43.93% 43.28% 43.54% 40.97% 40.87%
Debt to EBITDA
0.05 0.56 0.00 0.00 9.00 9.84 9.40 9.43 13.03 9.39
Net Debt to EBITDA
-0.57 -0.05 0.00 0.00 7.19 7.54 7.07 7.35 10.82 7.74
Long-Term Debt to EBITDA
0.05 0.56 0.00 0.00 9.00 9.84 9.40 9.43 13.03 9.39
Debt to NOPAT
0.32 3.97 0.00 0.00 24.37 37.33 62.92 32.18 47.12 35.64
Net Debt to NOPAT
-3.94 -0.33 0.00 0.00 19.49 28.58 47.35 25.09 39.11 29.38
Long-Term Debt to NOPAT
0.32 3.97 0.00 0.00 24.37 37.33 62.92 32.18 47.12 35.64
Altman Z-Score
0.64 0.58 0.64 0.55 0.56 0.45 0.46 0.38 0.34 0.39
Noncontrolling Interest Sharing Ratio
29.39% 23.98% 17.57% 17.51% 18.23% 18.67% 19.28% 19.01% 19.35% 20.93%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
1.71 4.47 2.08 2.57 2.28 4.07 4.10 3.35 4.30 4.79
Quick Ratio
1.38 1.55 1.86 2.39 2.28 3.81 4.06 3.06 3.63 3.28
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
0.00 600 -53 413 -3,023 266 145 161 218 243
Operating Cash Flow to CapEx
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense
0.00 3.98 -0.37 2.80 -17.92 1.84 1.02 1.12 1.43 1.45
Operating Cash Flow to Interest Expense
-0.10 0.98 1.32 1.06 1.69 1.65 1.72 1.71 1.82 1.59
Operating Cash Flow Less CapEx to Interest Expense
-0.10 0.98 5.08 1.06 1.69 1.65 1.72 1.71 1.82 1.59
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.07 0.08 0.08 0.08 0.09 0.08 0.09 0.09 0.09 0.10
Accounts Receivable Turnover
71.47 52.37 44.47 38.09 37.84 38.89 43.94 37.54 35.44 41.75
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
0.09 0.09 0.09 0.09 0.10 0.10 0.10 0.11 0.11 0.11
Accounts Payable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)
5.11 6.97 8.21 9.58 9.65 9.39 8.31 9.72 10.30 8.74
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)
5.11 6.97 8.21 9.58 9.65 9.39 8.31 9.72 10.30 8.74
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
5,087 4,545 4,716 4,427 7,606 7,442 7,358 7,317 7,180 7,040
Invested Capital Turnover
0.13 0.14 0.16 0.15 0.12 0.09 0.10 0.10 0.10 0.11
Increase / (Decrease) in Invested Capital
0.00 -542 171 -289 3,180 -164 -84 -41 -137 -139
Enterprise Value (EV)
4,203 3,614 3,531 2,831 6,559 5,523 5,408 5,048 5,075 4,973
Market Capitalization
2,902 2,737 3,017 2,430 2,659 1,751 1,655 1,236 1,106 1,075
Book Value per Share
$17.73 $18.05 $17.40 $16.86 $16.65 $16.59 $16.39 $16.34 $14.74 $14.44
Tangible Book Value per Share
$15.32 $16.18 $15.93 $15.72 $15.75 $15.90 $15.84 $15.93 $14.42 $14.21
Total Capital
5,331 5,116 5,022 4,892 8,452 8,316 8,291 8,251 7,818 7,686
Total Debt
20 230 0.00 0.00 3,821 3,801 3,836 3,840 3,803 3,677
Total Long-Term Debt
20 230 0.00 0.00 3,821 3,801 3,836 3,840 3,803 3,677
Net Debt
-248 -19 -331 -491 3,055 2,910 2,886 2,994 3,157 3,031
Capital Expenditures (CapEx)
0.00 0.00 -540 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-117 233 -126 -130 -123 -101 -118 -117 -105 -102
Debt-free Net Working Capital (DFNWC)
90 448 154 235 183 364 412 332 405 454
Net Working Capital (NWC)
90 448 154 235 183 364 412 332 405 454
Net Nonoperating Expense (NNE)
42 56 10 105 186 121 59 148 452 142
Net Nonoperating Obligations (NNO)
-223 -341 -306 -465 2,975 2,927 2,903 2,906 3,165 3,031
Total Depreciation and Amortization (D&A)
287 267 258 253 257 240 239 237 251 244
Debt-free, Cash-free Net Working Capital to Revenue
-17.66% 34.08% -17.49% -18.39% -16.59% -14.17% -16.17% -15.85% -14.11% -13.42%
Debt-free Net Working Capital to Revenue
13.63% 65.50% 21.38% 33.24% 24.58% 50.98% 56.71% 44.91% 54.50% 59.91%
Net Working Capital to Revenue
13.63% 65.50% 21.38% 33.24% 24.58% 50.98% 56.71% 44.91% 54.50% 59.91%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
($0.02) ($0.05) $0.37 $0.04 ($0.16) ($0.11) ($0.09) ($0.16) ($1.20) ($0.21)
Adjusted Weighted Average Basic Shares Outstanding
212.11M 218.05M 236.37M 239.53M 231.54M 222.44M 218.70M 221.31M 216.92M 217.24M
Adjusted Diluted Earnings per Share
($0.02) ($0.05) $0.37 $0.04 ($0.16) ($0.11) ($0.09) ($0.16) ($1.20) ($0.21)
Adjusted Weighted Average Diluted Shares Outstanding
212.11M 218.05M 236.40M 239.56M 231.54M 222.44M 218.70M 221.31M 216.92M 217.24M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
212.11M 230.67M 240.43M 233.21M 227.51M 218.99M 219.11M 216.98M 217.37M 217.53M
Normalized Net Operating Profit after Tax (NOPAT)
281 192 118 330 157 289 304 119 81 315
Normalized NOPAT Margin
42.46% 28.12% 16.34% 46.70% 21.08% 40.48% 41.82% 16.12% 10.87% 41.65%
Pre Tax Income Margin
3.58% 0.56% 15.63% 2.34% 0.61% -1.77% 0.78% -3.37% -49.80% -4.80%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
0.87 0.98 1.70 1.03 1.00 1.01 1.19 1.18 0.26 0.88
NOPAT to Interest Expense
0.38 0.38 0.82 0.84 0.93 0.71 0.43 0.83 0.53 0.62
EBIT Less CapEx to Interest Expense
0.87 0.98 5.46 1.03 1.00 1.01 1.19 1.18 0.26 0.88
NOPAT Less CapEx to Interest Expense
0.38 0.38 4.58 0.84 0.93 0.71 0.43 0.83 0.53 0.62
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
1,908.71% 5,033.98% 205.30% 648.87% -501.13% -577.09% 4,760.47% -403.32% -16.52% -73.93%
Augmented Payout Ratio
1,908.71% 5,033.98% 205.30% 1,190.45% -829.26% -1,202.22% 4,760.47% -627.29% -17.02% -73.93%

Quarterly Metrics And Ratios for Paramount Group

This table displays calculated financial ratios and metrics derived from Paramount Group's official financial filings.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Growth Metrics
- - - - - - - - - - -
Revenue Growth
-0.10% 2.61% -6.93% 1.09% 4.59% 0.21% 8.54% 3.02% -3.22% -0.98% -5.53%
EBITDA Growth
-4.68% 0.30% -60.12% -7.47% -46.86% -1.42% 138.29% 3.94% 77.78% -7.73% -19.40%
EBIT Growth
-18.60% -4.98% -150.35% -18.94% -142.60% -9.67% 256.76% 8.03% 324.37% -17.20% -51.02%
NOPAT Growth
-29.37% 2.41% -69.61% -16.44% -46.88% -10.74% 98.78% 14.15% 76.08% -40.82% -50.39%
Net Income Growth
-797.95% 35.81% -2,151.24% -2,147.47% -586.51% 101.24% 96.55% 83.23% 82.31% -131.78% -613.60%
EPS Growth
-1,800.00% -50.00% 0.00% -300.00% -458.82% 400.00% 81.82% 0.00% 81.05% -200.00% -125.00%
Operating Cash Flow Growth
28.40% -1.20% 10.58% -13.33% 41.60% 20.57% -16.39% 5.79% -13.60% -87.30% 1.85%
Free Cash Flow Firm Growth
-44.04% 125.81% -1.01% 38.29% 121.93% -7.65% -6.74% -4.07% 8.55% -26.90% -7.76%
Invested Capital Growth
-0.56% -1.70% -1.52% -1.62% -1.88% -1.62% -1.27% -1.52% -1.94% -1.28% -1.33%
Revenue Q/Q Growth
-1.67% 2.42% -8.39% 9.57% 1.74% -1.87% -0.78% 4.00% -4.43% 0.40% -5.33%
EBITDA Q/Q Growth
-3.39% 3.45% -60.39% 133.71% -44.51% 91.91% -4.26% 1.94% -5.09% -0.40% -16.36%
EBIT Q/Q Growth
-12.02% 14.89% -150.44% 259.01% -146.24% 343.59% -12.48% 9.58% -3.96% -10.11% -48.22%
NOPAT Q/Q Growth
-1.97% 59.11% -71.83% 90.18% -37.68% 167.37% -37.27% 9.21% -3.88% -10.13% -47.42%
Net Income Q/Q Growth
-3,333.74% 121.01% -1,096.26% 69.74% -984.26% 106.16% -117.09% -46.96% -1,043.52% 88.94% -283.84%
EPS Q/Q Growth
-1,600.00% 105.88% -2,300.00% 81.82% -2,275.00% 105.26% -180.00% 0.00% -350.00% 72.22% -80.00%
Operating Cash Flow Q/Q Growth
66.73% -19.73% 38.16% -53.13% 172.40% -31.66% -4.19% -40.69% 122.48% -89.96% 668.60%
Free Cash Flow Firm Q/Q Growth
-33.11% 147.35% -26.77% 14.13% 7.35% 2.92% -26.04% 17.39% 21.48% -30.69% -6.68%
Invested Capital Q/Q Growth
-0.15% -0.38% -0.94% -0.16% -0.41% -0.11% -0.59% -0.41% -0.84% 0.57% -0.64%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
EBITDA Margin
54.06% 54.60% 23.61% 50.36% 27.47% 53.72% 51.83% 50.81% 50.46% 50.06% 44.23%
Operating Margin
21.00% 23.62% 10.03% 17.41% 10.66% 20.76% 18.37% 19.29% 19.40% 17.37% 9.65%
EBIT Margin
20.59% 23.09% -12.71% 18.45% -8.39% 20.82% 18.36% 19.35% 19.44% 17.41% 9.52%
Profit (Net Income) Margin
-21.51% 4.41% -47.97% -13.25% -141.18% 8.86% -1.53% -2.16% -25.80% -2.84% -11.53%
Tax Burden Percent
104.50% 96.65% 100.70% 101.06% 100.11% 97.97% 114.49% 117.27% 101.54% 107.39% 95.49%
Interest Burden Percent
-99.97% 19.76% 374.71% -71.04% 1,681.69% 43.44% -7.26% -9.50% -130.70% -15.21% -126.81%
Effective Tax Rate
0.00% 3.35% 0.00% 0.00% 0.00% 2.03% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
1.48% 2.31% 0.71% 1.23% 0.77% 2.09% 1.36% 1.44% 1.45% 1.29% 0.71%
ROIC Less NNEP Spread (ROIC-NNEP)
-0.81% 1.12% -2.59% -0.43% -8.66% 1.36% 0.45% 0.42% -0.92% 0.37% -0.37%
Return on Net Nonoperating Assets (RNNOA)
-0.53% 0.73% -1.70% -0.28% -6.24% 0.95% 0.32% 0.30% -0.71% 0.27% -0.27%
Return on Equity (ROE)
0.95% 3.04% -0.99% 0.95% -5.47% 3.04% 1.68% 1.74% 0.74% 1.56% 0.44%
Cash Return on Invested Capital (CROIC)
2.19% 3.33% 2.91% 2.91% 3.01% 2.69% 2.51% 2.82% 3.41% 2.67% 2.55%
Operating Return on Assets (OROA)
1.80% 2.03% -1.11% 1.61% -0.76% 1.89% 1.71% 1.83% 1.86% 1.66% 0.89%
Return on Assets (ROA)
-1.88% 0.39% -4.17% -1.16% -12.74% 0.80% -0.14% -0.20% -2.46% -0.27% -1.08%
Return on Common Equity (ROCE)
0.77% 2.45% -0.81% 0.77% -4.42% 2.41% 1.34% 1.37% 0.58% 1.20% 0.34%
Return on Equity Simple (ROE_SIMPLE)
0.00% -0.73% -3.22% -4.06% 0.00% -11.34% -8.89% -8.26% 0.00% -1.96% 0.00%
Net Operating Profit after Tax (NOPAT)
27 43 12 23 14 38 24 26 25 23 12
NOPAT Margin
14.70% 22.83% 7.02% 12.19% 7.46% 20.34% 12.86% 13.50% 13.58% 12.16% 6.75%
Net Nonoperating Expense Percent (NNEP)
2.29% 1.20% 3.30% 1.66% 9.43% 0.73% 0.91% 1.03% 2.37% 0.92% 1.08%
Return On Investment Capital (ROIC_SIMPLE)
0.33% - - - 0.18% 0.50% - - 0.33% 0.29% 0.15%
Cost of Revenue to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue
158.35% 45.06% 50.56% 48.08% 48.19% 8.81% 8.87% 8.55% 8.80% 9.34% 13.73%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
79.00% 76.38% 89.97% 82.59% 89.34% 79.24% 81.63% 80.71% 80.60% 82.63% 90.35%
Earnings before Interest and Taxes (EBIT)
38 44 -22 35 -16 39 34 38 36 33 17
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
99 103 41 95 53 101 97 99 94 94 78
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
0.34 0.27 0.27 0.29 0.35 0.32 0.32 0.34 0.34 0.30 0.44
Price to Tangible Book Value (P/TBV)
0.35 0.27 0.27 0.29 0.35 0.32 0.32 0.34 0.35 0.31 0.45
Price to Revenue (P/Rev)
1.67 1.28 1.28 1.34 1.49 1.36 1.33 1.40 1.42 1.24 1.79
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield
5.52% 7.06% 6.22% 4.98% 3.59% 3.01% 3.02% 2.85% 2.83% 3.26% 0.00%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
0.69 0.65 0.65 0.67 0.71 0.69 0.69 0.70 0.71 0.70 0.76
Enterprise Value to Revenue (EV/Rev)
6.82 6.40 6.43 6.57 6.83 6.69 6.52 6.54 6.57 6.52 7.17
Enterprise Value to EBITDA (EV/EBITDA)
12.39 11.70 13.60 14.25 17.39 17.14 14.26 14.25 12.70 12.84 14.64
Enterprise Value to EBIT (EV/EBIT)
29.63 28.38 45.90 51.10 125.81 137.72 53.47 52.43 33.68 34.98 43.33
Enterprise Value to NOPAT (EV/NOPAT)
42.30 40.23 46.93 51.63 62.88 64.62 55.59 54.17 48.21 50.06 61.91
Enterprise Value to Operating Cash Flow (EV/OCF)
20.47 19.39 18.56 19.46 18.26 17.17 17.88 17.92 18.77 24.17 26.05
Enterprise Value to Free Cash Flow (EV/FCFF)
31.41 19.49 22.19 22.77 23.26 25.54 27.41 24.79 20.50 25.95 29.53
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.87 0.87 0.88 0.88 0.95 0.90 0.91 0.91 0.92 0.90 0.90
Long-Term Debt to Equity
0.87 0.87 0.88 0.88 0.95 0.90 0.91 0.91 0.92 0.90 0.90
Financial Leverage
0.66 0.65 0.65 0.66 0.72 0.70 0.71 0.71 0.77 0.74 0.74
Leverage Ratio
1.91 1.91 1.91 1.92 1.95 1.93 1.94 1.94 1.98 1.94 1.94
Compound Leverage Factor
-1.91 0.38 7.18 -1.37 32.85 0.84 -0.14 -0.18 -2.59 -0.30 -2.47
Debt to Total Capital
46.54% 46.40% 46.92% 46.87% 48.65% 47.36% 47.52% 47.56% 47.83% 47.29% 47.29%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
46.54% 46.40% 46.92% 46.87% 48.65% 47.36% 47.52% 47.56% 47.83% 47.29% 47.29%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
9.92% 10.56% 10.26% 10.86% 10.38% 11.35% 11.31% 11.36% 11.30% 13.03% 13.80%
Common Equity to Total Capital
43.54% 43.03% 42.82% 42.27% 40.97% 41.29% 41.18% 41.08% 40.87% 39.68% 38.91%
Debt to EBITDA
9.43 9.43 11.10 11.24 13.03 12.64 10.59 10.48 9.39 9.59 10.09
Net Debt to EBITDA
7.35 7.22 8.47 8.74 10.82 10.62 8.84 8.70 7.74 7.76 8.04
Long-Term Debt to EBITDA
9.43 9.43 11.10 11.24 13.03 12.64 10.59 10.48 9.39 9.59 10.09
Debt to NOPAT
32.18 32.40 38.32 40.71 47.12 47.66 41.27 39.84 35.64 37.37 42.65
Net Debt to NOPAT
25.09 24.82 29.23 31.69 39.11 40.06 34.45 33.05 29.38 30.26 33.98
Long-Term Debt to NOPAT
32.18 32.40 38.32 40.71 47.12 47.66 41.27 39.84 35.64 37.37 42.65
Altman Z-Score
0.33 0.30 0.28 0.30 0.31 0.32 0.32 0.34 0.35 0.33 0.39
Noncontrolling Interest Sharing Ratio
19.01% 19.55% 18.12% 18.66% 19.35% 20.60% 20.40% 21.03% 20.93% 23.15% 23.87%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
3.35 3.87 4.28 4.12 4.30 3.76 4.08 4.45 4.79 5.56 5.91
Quick Ratio
3.06 3.44 3.69 3.51 3.63 2.37 2.70 2.94 3.28 3.92 4.01
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
68 169 124 141 152 156 116 136 165 114 107
Operating Cash Flow to CapEx
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense
1.85 4.64 3.36 3.62 3.74 3.88 2.89 3.10 3.84 2.64 2.52
Operating Cash Flow to Interest Expense
1.95 1.59 2.17 0.96 2.52 1.74 1.67 0.91 2.06 0.21 1.61
Operating Cash Flow Less CapEx to Interest Expense
1.95 1.59 2.17 0.96 2.52 1.74 1.67 0.91 2.06 0.21 1.61
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.10 0.10 0.09
Accounts Receivable Turnover
37.54 47.94 46.53 42.94 35.44 41.92 54.91 46.28 41.75 41.35 39.49
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11
Accounts Payable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)
9.72 7.61 7.85 8.50 10.30 8.71 6.65 7.89 8.74 8.83 9.24
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)
9.72 7.61 7.85 8.50 10.30 8.71 6.65 7.89 8.74 8.83 9.24
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
7,317 7,289 7,221 7,209 7,180 7,171 7,129 7,100 7,040 7,080 7,035
Invested Capital Turnover
0.10 0.10 0.10 0.10 0.10 0.10 0.11 0.11 0.11 0.11 0.11
Increase / (Decrease) in Invested Capital
-41 -126 -112 -118 -137 -118 -91 -109 -139 -91 -95
Enterprise Value (EV)
5,048 4,770 4,706 4,822 5,075 4,976 4,945 4,996 4,973 4,928 5,344
Market Capitalization
1,236 953 934 982 1,106 1,012 1,006 1,070 1,075 935 1,337
Book Value per Share
$16.34 $16.42 $16.15 $15.78 $14.74 $14.74 $14.64 $14.60 $14.44 $14.19 $13.81
Tangible Book Value per Share
$15.93 $16.03 $15.78 $15.44 $14.42 $14.45 $14.38 $14.35 $14.21 $13.98 $13.61
Total Capital
8,251 8,279 8,191 8,112 7,818 7,749 7,728 7,726 7,686 7,780 7,783
Total Debt
3,840 3,841 3,843 3,802 3,803 3,670 3,672 3,674 3,677 3,679 3,681
Total Long-Term Debt
3,840 3,841 3,843 3,802 3,803 3,670 3,672 3,674 3,677 3,679 3,681
Net Debt
2,994 2,942 2,931 2,959 3,157 3,084 3,065 3,049 3,031 2,979 2,932
Capital Expenditures (CapEx)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-117 -118 -108 -103 -105 -107 -105 -96 -102 -94 -92
Debt-free Net Working Capital (DFNWC)
332 393 399 367 405 341 367 396 454 520 568
Net Working Capital (NWC)
332 393 399 367 405 341 367 396 454 520 568
Net Nonoperating Expense (NNE)
67 35 95 48 286 22 27 31 73 28 32
Net Nonoperating Obligations (NNO)
2,906 2,852 2,873 2,899 3,165 3,093 3,074 3,049 3,031 2,979 2,932
Total Depreciation and Amortization (D&A)
62 59 63 60 69 62 63 61 58 61 61
Debt-free, Cash-free Net Working Capital to Revenue
-15.85% -15.79% -14.74% -14.09% -14.11% -14.45% -13.89% -12.59% -13.42% -12.38% -12.33%
Debt-free Net Working Capital to Revenue
44.91% 52.79% 54.55% 49.98% 54.50% 45.84% 48.40% 51.87% 59.91% 68.88% 76.18%
Net Working Capital to Revenue
44.91% 52.79% 54.55% 49.98% 54.50% 45.84% 48.40% 51.87% 59.91% 68.88% 76.18%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
($0.17) $0.01 ($0.22) ($0.04) ($0.95) $0.05 ($0.04) ($0.04) ($0.18) ($0.05) ($0.09)
Adjusted Weighted Average Basic Shares Outstanding
221.31M 216.56M 217.00M 217.04M 216.92M 217.11M 217.20M 217.31M 217.24M 218.01M 219.22M
Adjusted Diluted Earnings per Share
($0.17) $0.01 ($0.22) ($0.04) ($0.95) $0.05 ($0.04) ($0.04) ($0.18) ($0.05) ($0.09)
Adjusted Weighted Average Diluted Shares Outstanding
221.31M 216.62M 217.00M 217.04M 216.92M 217.19M 217.20M 217.31M 217.24M 218.01M 219.22M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
216.98M 217.21M 217.31M 217.35M 217.37M 217.33M 217.46M 217.52M 217.53M 219.23M 220.39M
Normalized Net Operating Profit after Tax (NOPAT)
27 43 12 23 14 38 76 83 25 77 12
Normalized NOPAT Margin
14.70% 22.83% 7.02% 12.19% 7.46% 20.34% 40.57% 42.35% 13.58% 41.37% 6.75%
Pre Tax Income Margin
-20.58% 4.56% -47.64% -13.11% -141.02% 9.04% -1.33% -1.84% -25.41% -2.65% -12.07%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
1.02 1.19 -0.60 0.89 -0.40 0.98 0.86 0.86 0.84 0.75 0.40
NOPAT to Interest Expense
0.73 1.18 0.33 0.59 0.35 0.95 0.60 0.60 0.59 0.53 0.28
EBIT Less CapEx to Interest Expense
1.02 1.19 -0.60 0.89 -0.40 0.98 0.86 0.86 0.84 0.75 0.40
NOPAT Less CapEx to Interest Expense
0.73 1.18 0.33 0.59 0.35 0.95 0.60 0.60 0.59 0.53 0.28
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
-403.32% -401.13% -83.99% -55.21% -16.52% -13.32% -13.47% -14.32% -73.93% -34.86% -17.67%
Augmented Payout Ratio
-627.29% -643.98% -141.58% -87.55% -17.02% -13.32% -13.47% -14.32% -73.93% -34.86% -17.67%

Key Financial Trends

Paramount Group, Inc. (NYSE: PGRE) has experienced a mixed financial performance over the last four years, with particular challenges and some positive indicators seen in the most recent quarters. Here are the key takeaways from the data spanning Q2 2022 through Q2 2025:

  • Strong Operating Revenues: Operating revenues have remained generally stable in the $170 million to $195 million range per quarter, showing resilience in core business operations.
  • Consistent Depreciation Expense: Depreciation expenses have been consistently around $57 million to $62 million quarterly, reflecting steady asset utilization and investment in property, plant, and equipment.
  • High Cash and Equivalents: The company has maintained a robust cash position, with cash and equivalents increasing from approximately $276 million in Q1 2023 to $440 million in Q2 2025, improving liquidity.
  • Net Cash From Operating Activities Growth: Net cash from operating activities rose to $68.2 million in Q2 2025 from $8.9 million in Q1 2025, indicating improved cash generation from core operations.
  • Issuance of Common Equity: There was equity issuance of $6.1 million in Q2 2025, which supports balance sheet strength and capital needs.
  • Fluctuating Net Income: Net income has varied widely with periodic losses, notably a significant loss of $204 million in Q2 2025 and a huge prior loss of $271 million in Q4 2023. The fluctuations indicate earnings volatility.
  • Stable Debt Levels: Long-term debt has remained fairly steady around $3.6 billion, suggesting no major new borrowings or repayments recently but maintaining leverage at a high level.
  • Noncontrolling Interest: The share of net income or loss attributable to noncontrolling interests has fluctuated and is a meaningful portion of overall results, impacting consolidated earnings.
  • Reduced Operating Income: Operating income dropped significantly from positive $32 million in Q1 2025 to $17 million by Q2 2025, signaling margin pressure or increased expenses.
  • High Interest Expense: Interest expenses remain very high, consistently around $40 million per quarter, which weighs heavily on profitability and net income.
  • Negative Earnings Per Share Trend: EPS has declined from a positive 0.05 in early 2024 to a negative 0.09 by Q2 2025, reflecting the recent losses and profit challenges.
  • Significant Other Operating Expenses and Special Charges: The company recorded large "Other Operating Expenses" and "Special Charges" e.g., $75.6 million in Q2 2025 and large negative impacts in prior quarters, which are straining earnings.
  • Negative Cash Flow from Investing Activities: Consistent negative cash flow from investing activities, around $33 million to $65 million quarterly, driven by purchases of investments and other investing activities, impacting free cash flow.
  • Dividend Payments Persist: Despite losses, the company paid dividends consistently, including $1.9 million in Q2 2025, which could pressure cash reserves in a challenging earnings environment.

Summary: Paramount Group has maintained stable revenues with solid property assets and strong cash reserves. However, heavy interest expenses, volatile earnings including significant losses in recent quarters, and elevated other expenses are pressuring profitability. The company's ability to manage debt levels and control operating costs will be key to improving earnings. Investors should watch upcoming quarterly reports for signs of margin recovery and profitability stabilization.

09/13/25 04:07 PM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About Paramount Group's Financials

When does Paramount Group's fiscal year end?

According to the most recent income statement we have on file, Paramount Group's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Paramount Group's net income changed over the last 9 years?

Paramount Group's net income appears to be on an upward trend, with a most recent value of -$38.39 million in 2024, falling from $21.14 million in 2015. The previous period was -$371.30 million in 2023. Find out what analysts predict for Paramount Group in the coming months.

What is Paramount Group's operating income?
Paramount Group's total operating income in 2024 was $147.38 million, based on the following breakdown:
  • Total Gross Profit: $757.45 million
  • Total Operating Expenses: $610.08 million
How has Paramount Group's revenue changed over the last 9 years?

Over the last 9 years, Paramount Group's total revenue changed from $662.41 million in 2015 to $757.45 million in 2024, a change of 14.3%.

How much debt does Paramount Group have?

Paramount Group's total liabilities were at $3.86 billion at the end of 2024, a 3.2% decrease from 2023, and a 11.1% increase since 2014.

How much cash does Paramount Group have?

In the past 10 years, Paramount Group's cash and equivalents has ranged from $143.88 million in 2015 to $524.90 million in 2021, and is currently $375.06 million as of their latest financial filing in 2024.

How has Paramount Group's book value per share changed over the last 9 years?

Over the last 9 years, Paramount Group's book value per share changed from 17.73 in 2015 to 14.44 in 2024, a change of -18.6%.



This page (NYSE:PGRE) was last updated on 9/13/2025 by MarketBeat.com Staff
From Our Partners