Company Quick10K Filing
Paramount Group
10-Q 2020-03-31 Filed 2020-04-29
10-K 2019-12-31 Filed 2020-02-12
10-Q 2019-09-30 Filed 2019-11-06
10-Q 2019-06-30 Filed 2019-07-31
10-Q 2019-03-31 Filed 2019-05-01
10-K 2018-12-31 Filed 2019-02-13
10-Q 2018-09-30 Filed 2018-11-05
10-Q 2018-06-30 Filed 2018-08-08
10-Q 2018-03-31 Filed 2018-05-02
10-K 2017-12-31 Filed 2018-02-15
10-Q 2017-09-30 Filed 2017-11-06
10-Q 2017-06-30 Filed 2017-08-03
10-Q 2017-03-31 Filed 2017-05-04
10-K 2016-12-31 Filed 2017-02-22
10-Q 2016-09-30 Filed 2016-11-02
10-Q 2016-06-30 Filed 2016-08-04
10-Q 2016-03-31 Filed 2016-05-05
10-K 2015-12-31 Filed 2016-02-25
10-Q 2015-09-30 Filed 2015-11-12
10-Q 2015-06-30 Filed 2015-08-13
10-Q 2015-03-31 Filed 2015-05-15
10-K 2014-12-31 Filed 2015-03-19
8-K 2020-05-19 Amend Bylaw, Shareholder Vote, Exhibits
8-K 2020-04-29 Earnings, Exhibits
8-K 2020-02-12 Earnings, Exhibits
8-K 2019-11-25 Off-BS Arrangement, Regulation FD, Exhibits
8-K 2019-11-06 Earnings, Exhibits
8-K 2019-07-31 Earnings, Exhibits
8-K 2019-05-31 Officers, Exhibits
8-K 2019-05-16 Shareholder Rights, Amend Bylaw, Shareholder Vote, Exhibits
8-K 2019-05-01 Earnings, Exhibits
8-K 2019-04-05 Amend Bylaw, Exhibits
8-K 2019-03-04 Exhibits
8-K 2019-02-13 Earnings, Exhibits
8-K 2018-11-05 Earnings, Exhibits
8-K 2018-08-01 Earnings, Exhibits
8-K 2018-06-07 Officers
8-K 2018-05-17 Shareholder Vote
8-K 2018-05-03 Other Events, Exhibits
8-K 2018-05-02 Earnings, Exhibits
8-K 2018-04-02 Officers
8-K 2018-02-15 Earnings, Exhibits
8-K 2018-01-10 Enter Agreement, Off-BS Arrangement, Regulation FD, Exhibits
8-K 2018-01-01 Officers, Exhibits

Paramount Group Financials

PGRE Metrics, Comps, Filings

Quarterly | Annual

Business

Paramount Group, Inc. is a fully-integrated REIT focused on owning, operating, managing, acquiring and redeveloping high-quality, Class A office properties in select central business district submarkets of New York City, Washington, D.C. and San Francisco. All references to "we," "us," "our," the "Company" and "Paramount" refer to Paramount Group, Inc., a Maryland corporation, and its consolidated subsidiaries, including Paramount Group Operating Partnership LP (the "Operating Partnership"), a Delaware limited partnership. We conduct our business through, and substantially all our interests in properties and investments are held by, the Operating Partnership. We are the sole general partner of, and owned approximately 90.3% of the Operating Partnership as of December 31, 2018. As of December 31, 2018, our portfolio consisted of 12 Class A office properties aggregating approximately 11.9 million square feet that was 97.0% leased and 95.1% occupied.

We believe that we distinguish ourselves from other owners and operators of office properties through the following competitive strengths:

• Premier Portfolio of High-Quality Office Properties in the Most Desirable Submarkets. We have assembled a premier portfolio of Class A office properties located exclusively in carefully selected submarkets of New York City, Washington, D.C. and San Francisco. Our submarkets are among the strongest commercial real estate submarkets in the United States for office properties due to a combination of their high barriers to entry, constrained supply, strong economic characteristics and a deep pool of prospective tenants in various industries that have demonstrated a strong demand for high-quality office space. Our markets are international business centers, characterized by a broad tenant base with a highly educated workforce, a mature and functional transportation infrastructure and an overall amenity rich environment. These markets are home to a diverse range of large and growing enterprises in a variety of industries, including financial services, media and entertainment, consulting, legal and other professional services, technology, as well as federal government agencies. As a result of the above factors, the submarkets in which we are invested have generally outperformed the broader markets in which they are located.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Rayonier (RYN) 3,676 20% 25.4 2% 2,767 1,342 699 142 55 181 4,591
Chimera Investment (CIM) 3,663 3.6 1% 28,632 24,637 0 0 180 964 3,502
Apple Hospitality REIT (APLE) 3,652 44% 14.7 3% 4,990 1,663 977 426 146 336 4,962
National Health Investors (NHI) 3,651 0% 25.8 5% 3,019 1,556 310 0 155 197 5,094
MFA Financial (MFA) 3,648 5.2 3% 13,105 9,701 0 0 338 661 3,454
Pebblebrook Hotel Trust (PEB) 3,633 18% 48.2 -1% 6,545 2,888 1,232 216 -33 121 5,806
American Assets Trust (AAT) 3,552 49% 20.9 2% 2,789 1,491 350 172 53 164 3,426
Physicians Realty Trust (DOC) 3,394 0% 24.4 1% 4,248 1,756 413 0 46 204 4,963
Corporate Office Properties Trust (OFC) 3,374 64% 18.7 5% 3,855 2,131 622 398 174 278 5,199
Paramount Group (PGRE) 3,108 0% 19.8 0% 8,580 3,877 769 0 28 321 6,362
Agree Realty (ADC) 3,084 0% 31.2 3% 2,523 1,033 176 0 71 128 4,005
Apollo Commercial Real Estate Finance (ARI) 3,017 9.7 3% 6,352 3,723 0 0 211 353 3,417
RLJ Lodging Trust (RLJ) 2,923 0% 12.8 2% 5,876 2,619 1,619 0 94 331 4,228
MGM Growth Properties (MGP) 2,865 22% 11.2 2% 11,930 5,545 1,007 226 271 697 7,811
Colony Capital (CLNY) 2,831 0% -75.2 -5% 22,124 12,143 1,859 0 -1,000 -146 10,950
Potlatchdeltic (PCH) 2,802 13% 34.5 2% 2,257 1,021 841 111 46 101 3,463
QTS Realty Trust (QTS) 2,791 0% 22.3 1% 3,123 1,650 469 0 42 185 4,139
Brandywine Realty Trust (BDN) 2,623 46% 15.6 3% 4,020 2,318 573 263 140 299 4,671
Retail Properties of America (RPAI) 2,597 0% 17.4 1% 3,601 1,954 119 0 28 242 4,214
Taubman Centers (TCO) 2,591 0% 4.0 8% 4,537 4,626 652 0 376 631 2,528

Balance Sheet ($MM)2015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash38143841814417922483163126255185250246266570365360306323
Accounts Receivable13111211121112151312141717161620202020
Inventory
PP&E7,4247,4157,4087,4097,3897,3877,3707,5317,4987,3977,8637,8427,8257,7537,4657,4577,4407,4157,239
Assets8,9538,9558,9878,7948,4048,4088,3408,8678,8868,5188,9248,9188,9748,9168,9418,7568,7228,8548,580
Accounts Payable
Long-Term Debt2,9243,0123,0173,3653,4783,3093,5393,5413,5603,5623,5653,5673,5693,5713,577
Liabilities3,4443,4573,4523,4843,5033,5353,4783,9814,0403,6323,8823,8963,9203,9103,9123,8643,8674,0403,877
Stockholders' Equity3,8293,8903,8563,7613,7263,8083,7963,9903,9944,1864,1864,1774,1624,1144,1334,0013,9893,9503,851
Income Statement ($MM)2015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue191193191192189198
Cost of Revenue
Gross Profit
R&D
SG&A1397141412131414171417131714171816
Tax111-00-103422001210-1
Net Income-10399-684-62138-10-73-354457511
Cash Flow ($MM)2015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating-163-4-758250-62751864238536289412100
Cash Investing-20-12-630-34-27-86-490-64540-160-20-53304-57-200199
Cash Financing-37647-199-52364959-47567-2913-28-43134-281