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 located in select central business district submarkets of New York City and San Francisco.
infoParamount Group is a small cap stock with a total market cap of 1.14B.
infoThey trade on the NYSE and had their IPO 8 years and 9 months ago.
infoParamount Group currently employs 326 people.
infoAs of Wednesday, Aug 23 2023, Paramount Group’s share price is $4.92.
News Relating to Paramount Group
Seeking Alpha
Paramount Group: Upcoming Debt Maturity Wall Could Mean More Downside
Monday Aug 21 2023 at 11:46
The office REIT index has crashed to nearly the same bottom as the Great Financial Crisis, indicating substantial strain for the sector. Paramount Group, a New York office REIT, has the lowest price-to-book among all >$1B REITs, potentially indicating both financial risk and deep value potential. PGRE’s properties are likely worth much less than their current valuation due to lower future NOIs and interest rate-driven cap rate growth.
InvestorPlace
7 REITs to Sell in August Before They Crash and Burn
Wednesday Aug 09 2023 at 22:16
With hopes for lower interest rates and normalizing economic conditions, real estate investment trusts (REITs) have been moving higher. However, as macro uncertainties mount, there are now plenty of REITs to avoid in August.
Zacks Investment Research
5 Low Price-to-Book Stocks Worth Buying in July
Wednesday Jul 12 2023 at 08:49
The P/B ratio helps to identify low-priced stocks that have high growth prospects. Magna International (MGA), Paramount Group (PGRE), Unum Group (UNM), StoneCo Ltd.
Business Wire
Paramount Announces Release Date for Second Quarter 2023 Results
Tuesday Jul 11 2023 at 16:15
NEW YORK–(BUSINESS WIRE)–Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it will file its quarterly report on Form 10-Q for the quarter ended June 30, 2023 with the U.S. Securities and Exchange Commission and release its second quarter 2023 financial results on Monday, July 31, 2023 after the end of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Tuesday, August 1, 2023 at 10:00 a.m. Eastern Time (ET),.
Market Watch
Paramount Group REIT to take an earnings hit as JPMorgan surrenders some lease space acquired through First Republic, SVB lease agreement terminated
Friday Jul 07 2023 at 09:29
Paramount Group Inc. PGRE, +6.58% disclosed Friday that it will take an earnings hit as JPMorgan Chase & Co. gave up about one-fourth of the leased office space acquired through First Republic Bank and as its lease with SVB Securities was terminated. The real estate investment trust focused on office properties said the lease deals would reduce 2023 net income by $19.6 million, or 8 cents a share, with revenue revenue being reduced by $5.7 million.
InvestorPlace
3 Small-Cap Stocks to Sell in June Before They Crash and Burn
Tuesday Jun 13 2023 at 06:30
Small-cap stocks, defined by a market capitalization between $300 million and $2 billion, can tempt investors looking for quick returns. However, these small-cap stocks to avoid can be incredibly volatile as they are lucrative, making them a potential danger zone for the unwary investor.
InvestorPlace
7 Penny Stocks to Sell in June Before They Crash and Burn
Sunday Jun 11 2023 at 16:42
“Price is what you pay, value is what you get.” This famed Warren Buffett investing maxim can serve you well when determining whether a penny stock (stock trading for $5 per share or less) is worthy of a buy, or if it is one of the penny stocks to sell.
InvestorPlace
7 REITs to Sell Before They Crumble Under Pressure
Sunday Jun 04 2023 at 16:27
Rising interest rates and the economic slowdown have already weighed on real estate investment trusts (REITs). Unfortunately, there are still plenty of REITs to sell before they drop even further.
Seeking Alpha
The Fall Of Office REITs
Monday May 22 2023 at 07:00
When the oppression of the pandemic on labor became too much to bear, laborers revolted; remote work’s convenience and flexibility have created an office exodus.
Seeking Alpha
Paramount Group: Tenant Concentration And Upcoming Lease Expirations Are Headwinds
Thursday May 11 2023 at 03:36
Paramount Group owns and operates Class-A office properties in key submarkets in New York City and San Francisco. In a previous update, I cited concerns regarding their tenant concentration to First Republic Bank, which has since been sold to JPMorgan.
Seeking Alpha
Paramount Group, Inc. (PGRE) Q1 2023 Earnings Call Transcript
Sunday May 07 2023 at 11:23
Paramount Group, Inc. (NYSE:PGRE ) Q1 2023 Earnings Conference Call May 4, 2023 10:00 AM ET Company Participants Tom Hennessy – Investor Relations Albert Behler – Chairman, Chief Executive Officer and President Wilbur Paes – Chief Operating Officer, Chief Financial Officer, and Treasurer Peter Brindley – Executive Vice President and Head, Real Estate Conference Call Participants Steve Sakwa – Evercore ISI Blaine Heck – Wells Fargo Vikram Malhotra – Mizuho Derek Johnston – Deutsche Bank Ronald Kamdem – Morgan Stanley Michael Manos – Green Street Operator Good day, ladies and gentlemen. Thank you for standing by.
Zacks Investment Research
Paramount Group (PGRE) Tops Q1 FFO and Revenue Estimates
Wednesday May 03 2023 at 21:15
Paramount Group (PGRE) came out with quarterly funds from operations (FFO) of $0.26 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to FFO of $0.25 per share a year ago.
Seeking Alpha
Strong Small-Cap Insider Buys: Q1 2023
Wednesday Apr 26 2023 at 00:15
Strong Small-Cap Insider Buys: Q1 2023.
Seeking Alpha
The State Of REITs: March 2023 Edition
Monday Mar 20 2023 at 16:17
The REIT sector gave up most of January’s big gains in February with a -6.18% total return. Small cap (-7.42%) and mid cap (-6.05%) REITs fell the furthest in February, with micro caps (-5.15%) and large caps (-4.74%) seeing smaller declines.
Seeking Alpha
Paramount Group: Key Tenancy Risk Relating To Fallout Of SVB Failure
Monday Mar 13 2023 at 11:57
Paramount Group owns and operates Class-A office properties in two primary markets, New York and San Francisco. The company is reporting promising strength in their largest market, New York, which represents more than 70% of their business.
Seeking Alpha
Paramount Group, Inc. (PGRE) Q4 2022 Earnings Call Transcript
Thursday Feb 16 2023 at 17:03
Paramount Group, Inc. (NYSE:PGRE ) Q4 2022 Earnings Conference Call February 16, 2023 10:00 AM ET Company Participants Tom Hennessy – Vice President of Business Development and Investor Relations Albert Behler – Chairman, Chief Executive Officer, and President Wilbur Paes – Chief Operating Officer, Chief Financial Officer, and Treasure Peter Brindley – Executive Vice President, Head of Real Estate Conference Call Participants Steve Sakwa – Evercore Blaine Heck – Wells Fargo Vikram Malhotra – Mizuho Derek Johnston – Deutsche Bank Dylan Bazinsky – Green Street Operator Good day, ladies and gentlemen. Thank you for standing by.
Zacks Investment Research
Paramount Group (PGRE) Meets Q4 FFO Estimates
Wednesday Feb 15 2023 at 20:19
Paramount Group (PGRE) delivered FFO and revenue surprises of 0% and 0.68%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Seeking Alpha
Strong Small-Cap Insider Buys: Q4 2022 Update
Tuesday Feb 14 2023 at 07:20
After bringing you the first installment covering large-cap insider buys last week, today’s article will focus on exciting insider movements on small caps in the fourth quarter. Three out of five of our last quarter small-cap picks have outperformed the market since the end of the last quarter, including PROG Holdings, Ranpak, and Jeld-Wen.
Seeking Alpha
Paramount Group: More Progress Needed On Upcoming Expirations
Tuesday Jan 03 2023 at 13:46
Paramount Group, Inc. has an interest in a targeted portfolio of Class A office properties in select central business districts in New York and San Francisco. The company has favorable exposure to the Legal and Financial sectors, two industries with higher return rates to in-person office work.
Seeking Alpha
Paramount Group, Inc. (PGRE) Q3 2022 Earnings Call Transcript
Friday Oct 28 2022 at 00:07
Paramount Group, Inc. (NYSE:PGRE ) Q3 2022 Earnings Conference Call October 27, 2022 10:00 AM ET Company Participants Tom Hennessy – Vice President of Business Development and Investor Relations Albert Behler – Chairman, Chief Executive Officer, and President Wilbur Paes – Chief Operating Officer, Chief Financial Officer, and Treasure Peter Brindley – Executive Vice President, Head of Real Estate Conference Call Participants Brian Spahn – Evercore ISI Derek Johnston – Deutsche Bank Vikram Malhotra – Mizuho Ronald Kamdem – Morgan Stanley Operator Good day, ladies and gentlemen. Thank you for standing by.
Zacks Investment Research
Strength Seen in Paramount Group (PGRE): Can Its 5.5% Jump Turn into More Strength?
Friday Oct 14 2022 at 09:47
Paramount Group (PGRE) saw its shares surge in the last session with trading volume being higher than average. The latest trend in FFO estimate revisions may not translate into further price increase in the near term.
Business Wire
Paramount Announces Release Date for Third Quarter 2022 Results
Thursday Oct 06 2022 at 16:15
NEW YORK–(BUSINESS WIRE)–Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it will file its quarterly report on Form 10-Q for the quarter ended September 30, 2022 with the U.S. Securities and Exchange Commission and release its third quarter 2022 financial results on Wednesday, October 26, 2022 after the end of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Thursday, October 27, 2022 at 10:00 a.m. Easte
Seeking Alpha
Paramount Group: A Concentrated Portfolio Of Class A Office Buildings
Monday Oct 03 2022 at 17:54
Paramount Group owns a small portfolio of Class A office properties in NYC and San Francisco. Offsetting their portfolio quality is their limited geographic diversification and their exposure to just three assets that represent over 50% of their total annualized revenues.
Zacks Investment Research
Is Paramount Group (PGRE) a Great Value Stock Right Now?
Monday Aug 29 2022 at 12:03
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Seeking Alpha
Paramount Group, Inc. (PGRE) CEO Albert Behler on Q2 2022 Results – Earnings Call Transcript
Wednesday Jul 27 2022 at 16:50
Paramount Group, Inc. (NYSE:PGRE ) Q2 2022 Results Conference Call July 27, 2022 12:00 PM ET Company Participants Albert Behler – Chairman, Chief Executive Officer, and President Wilbur Paes – Chief Operating Officer, Chief Financial Officer, and Treasure Peter Brindley – Head of Real Estate Tom Hennessy – Vice President of Business Development and Investor Relations Conference Call Participants Brian Spahn – Evercore ISI Vikram Malhotra – Mizuho Securities Tom Catherwood – BTIG Derek Johnston – Deutsche Bank Ronald Kamdem – Morgan Stanley Daniel Ismail – Green Street Advisors Blaine Heck – Wells Fargo Operator Good day, ladies and gentlemen. Thank you for standing by.
Zacks Investment Research
Paramount Group (PGRE) Tops Q2 FFO and Revenue Estimates
Tuesday Jul 26 2022 at 20:12
Paramount Group (PGRE) delivered FFO and revenue surprises of 4.35% and 4.02%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
Business Wire
Paramount Announces Release Date for Second Quarter 2022 Results
Thursday Jul 07 2022 at 16:15
NEW YORK–(BUSINESS WIRE)–Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it will file its quarterly report on Form 10-Q for the quarter ended June 30, 2022 with the U.S. Securities and Exchange Commission and release its second quarter 2022 financial results on Tuesday, July 26, 2022 after the end of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Wednesday, July 27, 2022 at 12:00 p.m. Eastern Time (ET
Zacks Investment Research
After Plunging 14.6% in 4 Weeks, Here’s Why the Trend Might Reverse for Paramount Group (PGRE)
Thursday Jun 16 2022 at 10:49
Paramount Group (PGRE) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Seeking Alpha
Paramount Group, Inc. (PGRE) CEO Albert Behler on Q1 2022 Results – Earnings Call Transcript
Thursday Apr 28 2022 at 13:33
Paramount Group, Inc. (NYSE:PGRE ) Q1 2022 Earnings Conference Call April 28, 2022 10:00 AM ET Company Participants Albert Behler – Chairman, Chief Executive Officer, and President Wilbur Paes – Chief Operating Officer, Chief Financial Officer, and Treasure Peter Brindley – Head of Real Estate Tom Hennessy – Vice President of Business Development and Investor Relations Conference Call Participants Steve Sakwa – Evercore Vikraw Malhotra – Mizuho Ronald Kamdem – Morgan Stanley Blaine Heck – Wells Fargo Operator Good day, ladies and gentlemen. Thank you for standing by.
Zacks Investment Research
Paramount Group (PGRE) Q1 FFO and Revenues Surpass Estimates
Wednesday Apr 27 2022 at 19:49
Paramount Group (PGRE) delivered FFO and revenue surprises of 8.70% and 1.25%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
Paramount Group Bankruptcy Risk
The Altman Z-score is a formula that measures a company’s financial health and bankruptcy risk. It assigns a numerical score based on various financial ratios. The Z-score is divided into different zones. If the Z-score is above 2.99, it indicates a lower bankruptcy risk, classifying the company as ‘safe’ or ‘non-distressed’. If the score falls below 1.81, it suggests a higher risk, indicating potential financial distress or bankruptcy. The range between 1.81 and 2.99 is called the ‘gray zone’ or zone of ambiguity.
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Paramount Group’s Altman Z-score is 0.3 which is in the distress zone. This indicates a higher risk of financial distress and potential bankruptcy for the company. It can serve as a warning sign of significant financial challenges, requiring careful consideration by potential investors.
Derived from SEC.GOV filing dataopen_in_new
Paramount Group Insider Trading
Insider trading is when individuals employed by a company buy or sell its securities following legal procedures and regulations. Company executives, directors, and employees may be permitted to buy or sell shares if they follow specific rules, such as filing a Form 4 with the SEC within two business days.
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Over the last 3 months, 1 insider has bought $326.49K of common stock in Paramount Group on the stock market with no insider selling.
Derived from SEC.GOV filing dataopen_in_new
Debt & Income Analysis
Income quality measures a company’s operating cash flow to net income ratio. It helps investors and analysts assess the sustainability of a company’s earnings. A high QIR indicates strong cash flows, while a low QIR may indicate non-operating activities driving net income.
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Paramount Group’s Income Quality of -1.91 is lower than its Industry Group of 1.05 (-281.9% lower)
Paramount Group’s Income Quality of -1.91 is lower than its Major Industry Group of -0.07 (-2628.6% lower)
Paramount Group’s Income Quality of -1.91 is lower than its Sector of 0.58 (-429.3% lower)
Derived from SEC.GOV filing dataopen_in_new
Current ratio measures a company’s ability to pay off short-term debt with its current assets (assets that a company expects to use up or convert to cash within a year). It represents the $ amount of current assets a company has for every $1 of short-term debt. A high current ratio above 1.0 indicates that a company can meet its short-term obligations, while a low current ratio below 1.0 suggests difficulty.
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Paramount Group’s Current Ratio of 7.13 is greater than its Industry Group of 1.33 (436.1% greater)
Paramount Group’s Current Ratio of 7.13 is greater than its Major Industry Group of 0.32 (2128.1% greater)
Paramount Group’s Current Ratio of 7.13 is greater than its Sector of 1.3 (448.5% greater)
Derived from SEC.GOV filing dataopen_in_new
Value Analysis
PE ratio (price-to-earnings), measures a company’s stock price relative to its earnings per share. It helps investors evaluate whether its stock is overvalued or undervalued. A higher PE ratio indicates that investors are willing to pay more for a company’s earnings, while a lower PE ratio (above zero) suggests the company could be undervalued.
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Cannot compare a negative PE Ratio (-14.76 & 8.36)
Cannot compare a negative PE Ratio (-14.76 & 7.7)
Cannot compare a negative PE Ratio (-14.76 & 7.86)
Derived from SEC.GOV filing dataopen_in_new
The PB ratio (price-to-book), measures a company’s stock price relative to its book value (net value of a company’s assets reported on its balance sheet, after subtracting debt) per share. It is used to evaluate a company’s valuation, with a lower PB ratio (above zero) indicating a lower valuation and a higher PB ratio suggesting overvaluation.
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Paramount Group’s PB Ratio of 0.26 is lower than its Industry Group of 0.87 (-70.1% lower)
Paramount Group’s PB Ratio of 0.26 is lower than its Major Industry Group of 0.74 (-64.9% lower)
Paramount Group’s PB Ratio of 0.26 is lower than its Sector of 0.72 (-63.9% lower)
Derived from SEC.GOV filing dataopen_in_new
Efficiency Analysis
ROE (Return on Equity), is a financial ratio that measures a company’s profitability relative to its shareholders’ equity (the amount of value in a company that belongs to the people who own shares). It indicates how efficiently a company generates profits per unit of equity invested. A high ROE suggests effective use of equity, while a low ROE indicates inefficiency.
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Paramount Group’s ROE of -0.02 is lower than its Industry Group of 0.01 (-300.0% lower)
Paramount Group’s ROE of -0.02 is lower than its Major Industry Group of 0.04 (-150.0% lower)
Paramount Group’s ROE of -0.02 is lower than its Sector of 0.04 (-150.0% lower)
Derived from SEC.GOV filing dataopen_in_new
ROCE (Return on Capital Employed), is a financial ratio that measures a company’s profitability relative to the amount of capital invested in its operations. It indicates how well a company is generating profits from its capital investments. A high ROCE suggests effective use of capital, while a low ROCE indicates inefficiency.
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Paramount Group’s ROCE of 0.01 is lower than its Industry Group of 0.03 (-66.7% lower)
Paramount Group’s ROCE of 0.01 is greater than its Major Industry Group of -0.01 (200.0% greater)
Paramount Group’s ROCE of 0.01 is lower than its Sector of 0.02 (-50.0% lower)
Derived from SEC.GOV filing dataopen_in_new