Company research
Paramount Group, Inc.
CIK 1605607Updated Sep 24, 2026
SecurityPGRE · NASDAQ · equity
PGRE price & chart
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NASDAQ:PGRE on TradingView ↗About the company
Headquartered in New York City, Paramount 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. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.
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Recent filings
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Financials
FY 2024 · USDSource
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Source
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balance sheet · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 7,871,503,000Source | 8,006,215,000Source | 8,453,254,000Source | 8,494,562,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 375,056,000Source | 428,208,000Source | 408,905,000Source | 524,900,000Source |
| Accounts Receivable | — | — | — | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 3,862,006,000Source | 3,991,327,000Source | 4,042,488,000Source | 4,039,530,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 2,175,000Source | 2,173,000Source | 2,165,000Source | 2,190,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 428,000Source | 11,246,000Source | 48,296,000Source | 2,138,000Source |
| Stockholders' Equity Attributable to ParentUSD | 3,141,277,000Source | 3,203,285,000Source | 3,592,291,000Source | 3,588,163,000Source |
| Additional Paid in Capital, Common StockUSD | 4,144,301,000Source | 4,133,801,000Source | 4,186,161,000Source | 4,122,680,000Source |
| Liabilities and EquityUSD | 7,871,503,000Source | 8,006,215,000Source | 8,453,254,000Source | 8,494,562,000Source |
| Additional Financial Items | ||||
| Dividends PayableUSD | 0Source | 8,360,000Source | 18,026,000Source | 16,895,000Source |
cash flow · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -38,394,000Source | -371,303,000Source | -28,197,000Source | 2,059,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 20,137,000Source | 20,321,000Source | 19,003,000Source | 18,612,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 264,926,000Source | 277,859,000Source | 246,637,000Source | 244,306,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -109,106,000Source | -160,098,000Source | -152,583,000Source | -103,483,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 186,000Source | 205,000Source | 284,000Source | 235,000Source |
| Payments for Repurchase of Common StockUSD | 0Source | — | 63,153,000Source | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -109,972,000Source | -57,979,000Source | -173,903,000Source | -76,481,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 22,826,000Source | 48,873,000Source | 67,062,000Source | 61,297,000Source |
| Repayments of Long-term DebtUSD | 975,000,000Source | 273,000,000Source | — | 850,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 555,447,000Source | 509,599,000Source | 449,817,000Source | 529,666,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 156,194,000Source | 144,388,000Source | 139,332,000Source | 132,476,000Source |
| Income Taxes Paid, NetUSD | 2,029,000Source | 893,000Source | 2,711,000Source | 1,762,000Source |
| Additional Financial Items | ||||
| Amortization of Debt Issuance CostsUSD | 10,250,000Source | 6,219,000Source | 6,156,000Source | 9,127,000Source |
| Dividends PayableUSD | 0Source | 8,360,000Source | 18,026,000Source | 16,895,000Source |
| Gain (Loss) on Sale of InvestmentsUSD | — | — | — | 1,535,000Source |
| General and Administrative ExpenseUSD | 66,333,000Source | 61,986,000Source | 59,487,000Source | 59,132,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -46,288,000Source | -259,744,000Source | -36,403,000Source | -20,354,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | -28,197,000Source | 2,059,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | 0Source | — |
| Income (Loss) from Equity Method InvestmentsUSD | -47,359,000Source | -270,298,000Source | -53,251,000Source | -24,896,000Source |
| Income Tax Expense (Benefit)USD | 2,058,000Source | 1,426,000Source | 3,265,000Source | 3,643,000Source |
| Investment Income, InterestUSD | 15,018,000Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | -46,288,000Source | -259,744,000Source | -36,403,000Source | -20,354,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -46,302,000Source | -259,794,000Source | — | — |
| Operating Costs and ExpensesUSD | 303,278,000Source | 293,965,000Source | 277,422,000Source | 265,438,000Source |
| Operating ExpensesUSD | 610,076,000Source | 607,017,000Source | 569,896,000Source | 557,973,000Source |
| Operating Lease, Lease IncomeUSD | 721,750,000Source | 711,470,000Source | 702,819,000Source | 690,418,000Source |
| Other Nonoperating Income (Expense)USD | -650,000Source | -1,244,000Source | -1,709,000Source | -134,000Source |
| Proceeds from Issuance of Long-term DebtUSD | 850,000,000Source | 232,050,000Source | — | 888,566,000Source |
| Proceeds from Noncontrolling InterestsUSD | 62,220,000Source | — | — | 121,000Source |
income statement · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Total RevenueUSD | 757,451,000Source | 742,788,000Source | 740,377,000Source | 726,786,000Source |
| Other Nonoperating Income (Expense)USD | -650,000Source | -1,244,000Source | -1,709,000Source | -134,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -36,336,000Source | -369,877,000Source | -24,932,000Source | 5,702,000Source |
| Income Tax Expense (Benefit)USD | 2,058,000Source | 1,426,000Source | 3,265,000Source | 3,643,000Source |
| Net Income (Loss) Attributable to ParentUSD | -46,288,000Source | -259,744,000Source | -36,403,000Source | -20,354,000Source |
| Earnings Per Share, BasicUSD per share | -0.21Source | -1.2Source | -0.16Source | -0.09Source |
| Earnings Per Share, DilutedUSD per share | -0.21Source | -1.2Source | -0.16Source | -0.09Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 217,240,620Source | 216,922,235Source | 221,309,938Source | 218,701,249Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 217,240,620Source | 216,922,235Source | 221,309,938Source | 218,701,249Source |
| Additional Financial Items | ||||
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 0.07Source | 0.18Source | 0.31Source | 0.28Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 239,542,000Source | 250,644,000Source | 232,517,000Source | 232,487,000Source |
| General and Administrative ExpenseUSD | 66,333,000Source | 61,986,000Source | 59,487,000Source | 59,132,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -46,288,000Source | -259,744,000Source | -36,403,000Source | -20,354,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | -28,197,000Source | 2,059,000Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | — | — | -0.16Source | -0.09Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | — | — | -0.16Source | -0.09Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | 0Source | — |
| Income (Loss) from Equity Method InvestmentsUSD | -47,359,000Source | -270,298,000Source | -53,251,000Source | -24,896,000Source |
| Interest and Other IncomeUSD | — | — | 5,174,000Source | 1,183,000Source |
| Interest Expense, DebtUSD | 166,952,000Source | 152,990,000Source | 143,864,000Source | 142,014,000Source |
| Investment Income, InterestUSD | 15,018,000Source | — | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -46,302,000Source | -259,794,000Source | — | — |
| Noncontrolling Interest in Net Income (Loss) Operating Partnerships, RedeemableUSD | -4,276,000Source | -22,228,000Source | -2,433,000Source | -2,018,000Source |
| Operating Costs and ExpensesUSD | 303,278,000Source | 293,965,000Source | 277,422,000Source | 265,438,000Source |
| Operating ExpensesUSD | 610,076,000Source | 607,017,000Source | 569,896,000Source | 557,973,000Source |
| Operating Lease, Lease IncomeUSD | 721,750,000Source | 711,470,000Source | 702,819,000Source | 690,418,000Source |
| Other ExpensesUSD | 154,128,000Source | — | — | — |
| Other IncomeUSD | 13,821,000Source | 9,721,000Source | 9,137,000Source | 7,895,000Source |