Paramount Group, Inc.

Paramount Group, Inc.

PGREยทNYSE

$6.60

+0.0000%
Real EstateREIT - Office

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. 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.

At a Glance

Live Snapshot
Market Cap$1.46B
EPS-0.2100
P/E Ratio-31.43
Earnings Date02/26/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -31.4).

Valuation inputs: P/E -31.4, earnings yield N/A, momentum 0.0%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -1.5%, ROIC +1.9%).

Profitability stack: net margin -6.1%, ROE -1.5%, ROIC +1.9%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +49.1%, momentum 0.0%, net margin -6.1%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Paramount Group, Inc. Market vs Earnings Trajectory

PGRE ยท NYSE

Loading price and EPS data...

Paramount Group, Inc.

Paramount Group, Inc. Fair Value Envelope

PGRE ยท NYSE

Our analysis suggests that PGRE has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $6.6, this represents a potential HIDDEN relative to our calculated worth for Paramount Group, Inc..

Intrinsic Value
Current Price: $6.6
3Y-2334.0%
5Y+62.0%
10Y+910.0%
3Y+4.0%
5Y-2.0%
10Y+14.0%
3Y+127.0%
5Y+56.0%
10Y+947.0%
3Y+8.0%
5Y-7.0%
10Y-1661.0%
3Y+100.0%
5Y-19.0%
10Y-312.0%
3Y-7.0%
5Y-10.0%
10Y-10.0%
Paramount Group, Inc.

Paramount Group, Inc. Profit Bridge

PGRE ยท NYSE
Revenue757.45M
Cost of Goods Sold (303.28M)
Gross Profit454.17M
Operating Expenses (305.88M)
Operating Income148.30M
Interest Expense (156.70M)
Other Income/Expense-184.63M
Pretax Income-36.34M
Income Tax (2.06M)
Net Income-46.29M
Net Income
-46.29M

Profitability Analysis

Gross Margin

60.0%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

19.6%

Healthy operating margins demonstrate effective cost control and strong business fundamentals.

Net Profit Margin

-6.1%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

Interest or tax burden: Strong operational performance but thin net margins indicate high interest expenses or unfavorable tax position eating into profits.

59.96%
Gross Profit Margin
125%
3Y-6.0%
5Y-7.0%
10Y-5.0%
19.58%
Operating Profit Margin
7%
3Y-16.0%
5Y-5.0%
10Y+84.0%
-6.11%
Net Profit Margin
-83%
3Y+118.0%
5Y+59.0%
10Y+816.0%
-1.47%
Return on Equity
-82%
3Y+160.0%
5Y+88.0%
10Y+1154.0%
-0.59%
Return on Assets
-82%
3Y+145.0%
5Y+74.0%
10Y+1071.0%
1.91%
Return on Invested Capital
11%
3Y+161.0%
5Y+2.0%
10Y+162.0%
PGRE

Paramount Group, Inc. Cash Conversion Engine

PGRE ยท NYSE
Net Income2.03M
Depreciation & Amortization239.54M
Stock-Based Compensation-186.00K
Change in Working Capital12.29M
Others11.25M
Capital Expenditures0.00
Free Cash Flow264.93M

Cash Flow Quality Analysis

FCF Conversion Rate

13057.0%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

FCF Growth Trend

+49.4%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$12.29M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

pgre

Paramount Group, Inc. Funding & Solvency Profile

PGRE ยท NYSE
Cash & Cash Equivalents330.21M
Net Receivables379.49M
Inventory0.00
Other Current Assets324.15M
Total Current Assets1 B
Property, Plant & Equipment0.00
Goodwill & Intangible Assets41.09M
Long-Term Investments85.92M
Other Non-Current Assets6.81B
Total Non-Current Assets7 B
Total Assets
7.97B

Financial Health Analysis

Current Ratio

7.45x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.96x

Balanced capital structure with moderate leverage. Equity exceeds debt, suggesting healthy financial stability.

Working Capital

895 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

13% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

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Paramount Group, Inc. Street Expectations Map

PGRE ยท NYSE

Wall Street analysts project that PGRE stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 7.95, with estimates ranging from a low of 6.60 to a high of 12.00.

Lowest Target
6.60
0.00%
Consensus Target
7.95
20.45%
Highest Target
12.00
81.82%

The consensus 1-year price target stands at 7.95, with estimates ranging from a low of 6.60 to a high of 12.00.

Analyst Consensus Analysis

Upside Potential

+20.4%

Strong upside potential. Consensus indicates attractive return opportunity with favorable risk-reward profile.

Analyst Agreement

67.9% spread

High uncertainty. Very wide target spread indicates significant disagreement among analystsโ€”major valuation uncertainty or transformation underway.

Analyst Conviction

Low

High uncertainty: Wide dispersion indicates analysts struggle to agree on valuationโ€”proceed with caution and independent analysis.

Market Sentiment Insight

High risk, high reward: Substantial upside potential exists, but wide analyst disagreement signals execution risk or unclear catalysts. Thorough due diligence essential before committing capital.

pgre

Paramount Group, Inc. Insider Positioning

PGRE ยท NYSE

During the last 12 months, there has been no insider trading activity reported for PGRE.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Neutral

No insider trading activity reported. This could indicate blackout periods, lack of conviction, or regulatory restrictions.

Insider Participation

No Activity

No insider trading activity reported from any insiders in the past year.

0.00%
Dividend Yield
3Y-100.0%
5Y-100.0%
10Y-100.0%
ย 

pgre Dividend History

PGRE
10Y CAGR 1%
Latest $0.035
Annual $0.175
Stable dividend payments
Last Period: +0%