What is Paramount Group Inc's earnings per share (EPS)?

Paramount Group Inc (PGRE) reported diluted earnings per share of $-0.21 for fiscal year 2024. This represents a 82.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Paramount Group Inc Financials

PGRE

Source SEC Filings (10-K/10-Q) Data as of Sep 30, 2025 Currency USD FYE December

This page shows Paramount Group Inc (PGRE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI PGRE FY2024 2026-04-22

Paramount Group's properties still generate cash, but rising financing costs and balance-sheet shrinkage keep reported earnings under pressure.

Revenue improved slightly year over year while total assets declined again, and operating cash flow stayed close to FY2023 levels despite another net loss. With depreciation at $240M and interest expense at $167M in FY2024, reported profit is being shaped more by asset and financing charges than by weak cash generation.

From FY2020 to FY2024, interest expense climbed from $144M to $167M while revenue changed little. In FY2024, that financing cost equaled about 63.0% of operating cash flow, which helps explain why positive cash generation can coexist with losses and much smaller cash distributions.

Dividends paid fell to $23M in FY2024 from $49M in FY2023, and buybacks remained at $0. That reads as a balance-sheet-first cash policy: liabilities eased modestly, but cash also fell, so the company is preserving funds while book equity and total assets continue to drift lower even though revenue is fairly steady.

Financial Health Signals

Financial Health Score 32/100

Scored as: REITs peer group

Scored against REITs for FY2024. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Paramount Group Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

FFO Margin

FFO Growth

AFFO Margin

Dividend Cov.

Piotroski F-Score Partial

4/6

Paramount Group Inc passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Mixed

-5.72x

For every $1 of reported earnings, Paramount Group Inc generates $-5.72 in operating cash flow ($264.9M OCF vs -$46.3M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$757.5M

YoY+2.0%

5Y CAGR+0.4%

Paramount Group Inc generated $757.5M in revenue in fiscal year 2024. This represents an increase of 2.0% from the prior year.

EBITDA

N/A

Net Income

-$46.3M

YoY+82.2%

Paramount Group Inc reported -$46.3M in net income in fiscal year 2024. This represents an increase of 82.2% from the prior year.

EPS (Diluted)

$-0.21

YoY+82.5%

Paramount Group Inc earned $-0.21 per diluted share (EPS) in fiscal year 2024. This represents an increase of 82.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$375.1M

YoY-12.4%

5Y CAGR+4.1%

Paramount Group Inc held $375.1M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

$0.07

YoY-61.6%

5Y CAGR-29.4%

Paramount Group Inc paid $0.07 per share in dividends in fiscal year 2024. This represents a decrease of 61.6% from the prior year.

Shares Outstanding

218M

YoY+0.1%

5Y CAGR-0.9%

Paramount Group Inc had 218M shares outstanding in fiscal year 2024. This represents an increase of 0.1% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

-6.1%

YoY+28.9pp

5Y CAGR-1.2pp

Paramount Group Inc's net profit margin was -6.1% in fiscal year 2024, showing the share of revenue converted to profit. This is up 28.9 percentage points from the prior year.

Return on Equity

-1.5%

YoY+6.6pp

5Y CAGR-0.5pp

Paramount Group Inc's ROE was -1.5% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 6.6 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

Paramount Group Inc spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

N/A

PGRE Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$757.5M+2.0%	$742.8M+0.3%	$740.4M+1.9%	$726.8M+1.8%	$714.2M-4.0%	$743.8M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$66.3M+7.0%	$62.0M+4.2%	$59.5M+0.6%	$59.1M-8.9%	$64.9M-5.3%	$68.6M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$167.0M+9.1%	$153.0M+6.3%	$143.9M+1.3%	$142.0M-1.5%	$144.2M-8.0%	$156.7M
Income Tax	$2.1M+44.3%	$1.4M-56.3%	$3.3M-10.4%	$3.6M+144.0%	$1.5M+378.5%	$312K
Net Income	-$46.3M+82.2%	-$259.7M-613.5%	-$36.4M-78.8%	-$20.4M+17.6%	-$24.7M+33.0%	-$36.9M
EPS (Diluted)	$-0.21+82.5%	$-1.20-650.0%	$-0.16-77.8%	$-0.09+18.2%	$-0.11+31.3%	$-0.16

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$173.0M-2.3%	$177.0M-5.3%	$187.0M+0.4%	$186.3M-4.4%	$194.9M+4.0%	$187.4M-0.8%	$188.9M-1.9%	$192.5M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$16.3M-32.8%	$24.3M+39.2%	$17.5M+6.5%	$16.4M-1.7%	$16.7M+0.2%	$16.6M0.0%	$16.6M+6.1%	$15.7M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$44.4M+5.0%	$42.3M-2.1%	$43.2M+0.8%	$42.9M-2.1%	$43.8M+9.5%	$40.0M-0.7%	$40.3M-0.7%	$40.5M
Income Tax	-$831K+13.9%	-$965K-363.7%	$366K-49.9%	$730K+17.9%	$619K+71.0%	$362K+4.3%	$347K+14.9%	$302K
Net Income	-$28.9M-46.3%	-$19.8M-97.3%	-$10.0M+74.1%	-$38.6M-298.9%	-$9.7M-23.9%	-$7.8M-179.3%	$9.9M+104.8%	-$205.6M
EPS (Diluted)	$-0.13-44.4%	$-0.09-80.0%	$-0.05	N/A	$-0.040.0%	$-0.04-180.0%	$0.05	N/A

PGRE Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$7.9B-1.7%	$8.0B-5.3%	$8.5B-0.5%	$8.5B-0.7%	$8.6B-2.1%	$8.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$375.1M-12.4%	$428.2M+4.7%	$408.9M-22.1%	$524.9M+20.8%	$434.5M+41.9%	$306.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$18.2M+1.0%	$18.1M-24.4%	$23.9M+53.2%	$15.6M-11.0%	$17.5M-9.0%	$19.2M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$3.9B-3.2%	$4.0B-1.3%	$4.0B+0.1%	$4.0B0.0%	$4.0B-1.6%	$4.1B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$3.1B-1.9%	$3.2B-10.8%	$3.6B+0.1%	$3.6B-1.8%	$3.7B-3.5%	$3.8B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$8.0B+0.2%	$8.0B+0.1%	$7.9B+1.0%	$7.9B-0.2%	$7.9B-0.1%	$7.9B-0.4%	$7.9B-1.0%	$8.0B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$330.2M-24.9%	$439.9M+3.0%	$427.0M+13.8%	$375.1M+17.7%	$318.7M+3.7%	$307.5M+11.3%	$276.2M-35.5%	$428.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$26.6M+11.6%	$23.8M+16.2%	$20.5M+12.4%	$18.2M-2.3%	$18.7M+34.1%	$13.9M-13.3%	$16.0M-11.1%	$18.1M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$3.9B+1.1%	$3.9B+0.3%	$3.8B-0.4%	$3.9B+0.6%	$3.8B-0.2%	$3.8B-0.1%	$3.9B-3.5%	$4.0B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$3.0B-0.1%	$3.0B-1.9%	$3.1B-1.7%	$3.1B-1.0%	$3.2B-0.3%	$3.2B-0.5%	$3.2B-0.1%	$3.2B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

PGRE Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$264.9M-4.7%	$277.9M+12.7%	$246.6M+1.0%	$244.3M+3.0%	$237.3M-16.9%	$285.4M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$109.1M+31.9%	-$160.1M-4.9%	-$152.6M-47.4%	-$103.5M-358.5%	$40.0M+112.4%	-$323.4M
Financing Cash Flow	-$110.0M-89.7%	-$58.0M+66.7%	-$173.9M-127.4%	-$76.5M+46.7%	-$143.5M-3619.0%	$4.1M
Dividends Paid	$22.8M-53.3%	$48.9M-27.1%	$67.1M+9.4%	$61.3M-31.3%	$89.2M-4.1%	$93.0M
Share Buybacks	$0	$0-100.0%	$63.2M	N/A	$120.0M+23.5%	$97.1M

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	$6.0M-91.3%	$68.2M+668.6%	$8.9M-90.0%	$88.4M+122.5%	$39.7M-40.7%	$67.0M-4.2%	$69.9M-31.7%	$102.3M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$38.6M-5.1%	-$36.7M-8.4%	-$33.9M-0.3%	-$33.8M-224.9%	-$10.4M+56.2%	-$23.7M+42.5%	-$41.2M+22.4%	-$53.2M
Financing Cash Flow	$27.4M+94.8%	$14.1M-83.2%	$83.6M+869.5%	$8.6M+193.8%	-$9.2M+52.1%	-$19.2M+78.8%	-$90.2M-799.3%	-$10.0M
Dividends Paid	$0	$0	$0	$0-100.0%	$7.6M-9.2%	$8.4M+10.2%	$7.6M0.0%	$7.6M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

PGRE Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-6.1%+28.9pp	-35.0%-30.0pp	-4.9%-2.1pp	-2.8%+0.7pp	-3.5%+1.5pp	-5.0%
Return on Equity	-1.5%+6.6pp	-8.1%-7.1pp	-1.0%-0.4pp	-0.6%+0.1pp	-0.7%+0.3pp	-1.0%
Return on Assets	-0.6%+2.6pp	-3.2%-2.8pp	-0.4%-0.2pp	-0.2%+0.1pp	-0.3%+0.1pp	-0.4%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.23-0.0	1.25+0.1	1.130.0	1.13+0.0	1.11+0.0	1.08
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-16.7%-5.6pp	-11.2%-5.8pp	-5.4%+15.4pp	-20.8%-15.8pp	-5.0%-0.8pp	-4.2%-9.4pp	5.2%+112.0pp	-106.8%
Return on Equity	-1.0%-0.3pp	-0.7%-0.3pp	-0.3%+0.9pp	-1.2%-0.9pp	-0.3%-0.1pp	-0.3%-0.6pp	0.3%+6.7pp	-6.4%
Return on Assets	-0.4%-0.1pp	-0.3%-0.1pp	-0.1%+0.4pp	-0.5%-0.4pp	-0.1%-0.0pp	-0.1%-0.2pp	0.1%+2.7pp	-2.6%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.29+0.0	1.27+0.0	1.25+0.0	1.23+0.0	1.210.0	1.210.0	1.20-0.0	1.25
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Paramount Group Inc's annual revenue?

Paramount Group Inc (PGRE) reported $757.5M in total revenue for fiscal year 2024. This represents a 2.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Paramount Group Inc's revenue growing?

Paramount Group Inc (PGRE) revenue grew by 2% year-over-year, from $742.8M to $757.5M in fiscal year 2024.

Is Paramount Group Inc profitable?

No, Paramount Group Inc (PGRE) reported a net income of -$46.3M in fiscal year 2024, with a net profit margin of -6.1%.

What is Paramount Group Inc's net profit margin?

Paramount Group Inc (PGRE) had a net profit margin of -6.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Paramount Group Inc pay dividends?

Yes, Paramount Group Inc (PGRE) paid $0.07 per share in dividends during fiscal year 2024.

What is Paramount Group Inc's return on equity (ROE)?

Paramount Group Inc (PGRE) has a return on equity of -1.5% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Paramount Group Inc's operating cash flow?

Paramount Group Inc (PGRE) generated $264.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Paramount Group Inc's total assets?

Paramount Group Inc (PGRE) had $7.9B in total assets as of fiscal year 2024, including both current and long-term assets.

How many shares does Paramount Group Inc have outstanding?

Paramount Group Inc (PGRE) had 218M shares outstanding as of fiscal year 2024.

What is Paramount Group Inc's debt-to-equity ratio?

Paramount Group Inc (PGRE) had a debt-to-equity ratio of 1.23 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Paramount Group Inc's return on assets (ROA)?

Paramount Group Inc (PGRE) had a return on assets of -0.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Paramount Group Inc's Piotroski F-Score?

Paramount Group Inc (PGRE) has a Piotroski F-Score of 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Paramount Group Inc's earnings high quality?

Paramount Group Inc (PGRE) has an earnings quality ratio of -5.72x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Paramount Group Inc?

Paramount Group Inc (PGRE) scores 32 out of 100 on our Financial Health Score, indicating weak standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.