OverviewSuggest Edit

Paramount Group, Inc. is a real estate investment trust (REIT) focused on owning, operating, managing, acquiring and redeveloping Class A office properties in select central business district submarkets of New York City, Washington, District of Columbia (D.C.) and San Francisco. The Company conducts its business primarily through Paramount Group Operating Partnership LP. It operates through the segment, which includes operating, leasing and managing office properties. Its portfolio consists of over 12 Class A office properties aggregating approximately 10.4 million square feet. It also has an investment management business, where it serves as the general partner and property manager of certain private equity real estate funds for institutional investors and high-net-worth individuals. The Company's private equity real estate funds (the Property Funds) invest in office buildings and related facilities primarily in New York City, Washington, D.C. and San Francisco.

TypePublic
Founded1978
HQNew York, US
Websiteparamount-group.com
Employee Ratings2.8

Latest Updates

Employees (est.) (Dec 2018)321(-1%)
Revenue (FY, 2018)$759 M(+6%)
Share Price (Oct 2019)$12.8

Key People/Management at Paramount Group

Albert P. Behler

Albert P. Behler

Chairman, Chief Executive Officer and President
Wilbur Paes

Wilbur Paes

Executive Vice President, Chief Financial Officer and Treasurer
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Paramount Group Office Locations

Paramount Group has an office in New York
New York, US (HQ)
Paramount Plaza, 1633 Broadway #1801
Show all (1)

Paramount Group Financials and Metrics

Paramount Group Revenue

Paramount Group's revenue was reported to be $758.96 m in FY, 2018
USD

Revenue (Q2, 2019)

188.6m

Net income (Q2, 2019)

5.2m

Market capitalization (17-Oct-2019)

3.0b

Closing stock price (17-Oct-2019)

12.8

Cash (30-Jun-2019)

283.5m
Paramount Group's current market capitalization is $3 b.
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Revenue

662.4m683.3m719.0m759.0m

Revenue growth, %

General and administrative expense

42.1m53.5m61.6m57.6m

Operating expense total

591.8m575.4m595.8m637.3m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

161.2m162.9m167.7m172.9m172.3m171.3m181.2m177.7m179.8m184.3m191.4m192.6m191.8m188.6m

General and administrative expense

12.6m9.1m6.7m14.0m12.1m13.2m13.6m16.6m14.5m12.6m17.2m14.5m17.4m17.7m

Operating expense total

148.1m154.5m141.2m152.7m139.9m143.9m142.8m149.2m149.5m146.9m195.9m149.3m149.6m148.1m

Depreciation and amortization

70.7m74.8m67.3m66.4m63.0m68.6m66.5m65.2m64.8m64.6m63.1m62.6m
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Cash

143.9m163.0m219.4m339.7m

Accounts Receivable

82.9k

Inventories

82.8m55.9m

Total Assets

8.8b8.9b8.9b8.8b
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Net Income

72.7m72.7m107.2m19.0m

Depreciation and Amortization

34.5m34.5m266.0m258.2m

Inventories

(4.5m)

Accounts Payable

12.5m6.3m4.2m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

(11.4m)(8.3m)1.1m(7.5m)423.0k4.9m1.6m139.8m114.4m2.7m(33.9m)10.4m7.0m12.2m

Depreciation and Amortization

73.6m153.0m223.7m74.8m142.1m208.5m63.0m131.6m198.1m65.2m129.9m194.5m63.1m125.7m

Accounts Payable

(7.6m)(8.3m)62.0m54.9m(3.3m)(8.4m)(15.3m)(10.7m)5.3m1.3m700.0k(2.5m)(12.3m)

Cash From Operating Activities

62.3m58.2m82.0m131.8m70.0m17.7m82.0m105.1m35.6m106.5m134.2m94.5m106.8m
USDY, 2019

Financial Leverage

1.8 x
Show all financial metrics

Paramount Group Online and Social Media Presence

Embed Graph

Paramount Group News and Updates

Paramount Group in talks to develop Africa's defence industry

South African defence company Paramount Group expects to sign agreements with four African governments this year to set up production facilities in their countries, its chairman said on Sunday.

Harbor Group International and Paramount Group, Inc. Purchase 111 Sutter Street

NEW YORK, Feb. 13, 2019 /PRNewswire/ -- Harbor Group International, LLC ("HGI") and Paramount Group, Inc. (NYSE:PGRE) ("Paramount") today announced the establishment of a joint venture that has acquired 111 Sutter Street, a 293,000 square foot office building located in San Francisco's...

Paramount Group Frequently Asked Questions

  • When was Paramount Group founded?

    Paramount Group was founded in 1978.

  • Who are Paramount Group key executives?

    Paramount Group's key executives are Albert P. Behler and Wilbur Paes.

  • How many employees does Paramount Group have?

    Paramount Group has 321 employees.

  • What is Paramount Group revenue?

    Latest Paramount Group annual revenue is $759 m.

  • What is Paramount Group revenue per employee?

    Latest Paramount Group revenue per employee is $2.4 m.

  • Who are Paramount Group competitors?

    Competitors of Paramount Group include Kite Realty Group Trust, Highwoods Properties and Segro.

  • Where is Paramount Group headquarters?

    Paramount Group headquarters is located at Paramount Plaza, 1633 Broadway #1801, New York.

  • Where are Paramount Group offices?

    Paramount Group has an office in New York.

  • How many offices does Paramount Group have?

    Paramount Group has 1 office.