Paramount Group Inc Financials
Paramount Group Inc (PGRE) reported $723.3M in revenue over the twelve months to Sep 30, 2025, down 5.3% from the prior twelve months. This page shows its 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).
Paramount Group’s dominant mechanic is cash-generative assets weighed down by non-cash charges and a persistent financing burden.
From FY2022 to FY2024, debt-to-equity rose from 1.1x to 1.2x even as liabilities fell modestly, which means equity erosion mattered more than debt paydown in shaping leverage. Meanwhile, operating cash flow stayed around$270M while the latest year still showed a$46M net loss, so earnings and cash are diverging mainly because this asset-heavy model carries large non-cash charges and financing costs.
The business turns its asset base into cash more reliably than net income suggests: the latest year produced operating cash flow of
In the latest year, operating cash flow of
Financial Health Signals
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.
Not available for Paramount Group Inc, and counted as zero in the overall score.
Not available for Paramount Group Inc, and counted as zero in the overall score.
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.
Paramount Group Inc reported a net loss of $46.3M while generating $264.9M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Paramount Group Inc generated $757.5M in revenue in fiscal year 2024. This represents an increase of 2.0% from the prior year.
Paramount Group Inc reported -$46.3M in net income in fiscal year 2024. This represents an increase of 82.2% from the prior year.
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.
Not reported for fiscal year 2024.
Cash & Balance Sheet
Paramount Group Inc held $375.1M in cash as of fiscal year 2024; long-term debt is not reported for that period.
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.
Not reported for fiscal year 2024.
Margins & Returns
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.
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.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
Capital Allocation
Paramount Group Inc repurchased no shares in fiscal year 2024.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
PGRE Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| 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 |
| 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 |
| 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+70.6% | -$0.17-325.0% | -$0.040.0% | -$0.04-180.0% | $0.05+105.3% | -$0.95 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income.
PGRE Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
Not reported in any period shown, so not listed: Current Assets, Inventory, Goodwill, Current Liabilities, Long-Term Debt, Retained Earnings.
PGRE Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| 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 |
| 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 |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Share Buybacks.
PGRE Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| 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% | -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% |
| Debt-to-Equity | 1.290.0x | 1.270.0x | 1.250.0x | 1.230.0x | 1.210.0x | 1.210.0x | 1.200.0x | 1.25 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
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Where Paramount Group Inc Ranks
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 2.0% 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.
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) reported a net loss of $46.3M while generating $264.9M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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 35 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.