Financials Paramount Group, Inc.

Equities

PGRE

US69924R1086

Commercial REITs

Market Closed - Nyse Other stock markets 04:00:02 2024-12-12 pm EST			5-day change	1st Jan Change
4.880 ^USD	0.00%		+1.67%	-5.61%

Nov. 08	Paramount: momentum in streaming, but movie business disappoints	CF
Oct. 31	Paramount Group, Inc., Q3 2024 Earnings Call, Oct 31, 2024

Projected Income Statement: Paramount Group, Inc.

income-statement-evolution-chart PARAMOUNT-GROUP-INC

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	769.2	714.2	726.8	740.4	742.8	760.3	701.7	665.4
Change	-	-7.14%	1.76%	1.87%	0.33%	2.36%	-7.72%	-5.17%
EBITDA ¹	425.8	381.7	402.2	403.5	386.8	365.5	340.3	320
Change	-	-10.35%	5.37%	0.31%	-4.12%	-5.53%	-6.89%	-5.97%
EBIT ¹	177.4	146.5	169.7	171	136.2	152.2	104.8	44.15
Change	-	-17.42%	15.83%	0.72%	-20.33%	11.77%	-31.14%	-57.88%
Interest Paid ¹	-156.7	-144.2	-142	-143.9	-153	-166.4	-173.6	-168
Earnings before Tax (EBT) ¹	-29.29	-12.63	5.702	-24.93	-369.9	10.93	-39.57	-82.71
Change	-	-56.89%	-	-	1,383.54%	-	-	-109.03%
Net income ¹	-29.6	-19.2	2.059	-28.2	-371.3	-1.989	-38.94	-63.28
Change	-	-35.16%	-	-	1,216.82%	99.46%	-1,857.83%	-62.52%
Announcement Date	2/12/20	2/10/21	2/22/22	2/15/23	2/14/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	190.5	184	171.1	176.8	182.4	181.2	182.3	179.1	184.2	183.7	185.5	187.1	184	188.5	172.7	189.2	192.5	188.9	187.4	194.9	186.7	185.5	177.1	178.9	178.2
Change	-	-3.41%	-6.99%	3.31%	3.16%	-0.65%	0.61%	-1.72%	2.84%	-0.29%	1%	0.88%	-1.67%	2.42%	-8.39%	9.57%	1.74%	-1.87%	-0.78%	4%	-4.19%	-0.66%	-4.52%	1%	-0.39%
EBITDA ¹	106.2	104.7	88.9	92.1	96	100.2	99.78	98.74	103.5	101.4	101	101.2	99.94	103.5	85.36	98.22	99.72	100.5	96.58	97.91	90.56	91.77	83.72	78.62	82.91
Change	-	-1.35%	-15.11%	3.6%	4.23%	4.36%	-0.4%	-1.04%	4.83%	-2.06%	-0.38%	0.15%	-1.2%	3.6%	-17.56%	15.06%	1.52%	0.79%	-3.9%	1.37%	-7.5%	1.33%	-8.77%	-6.09%	5.46%
EBIT ¹	46.58	46.3	30.19	33.22	36.83	41.88	39.85	41.22	46.78	45.76	43.6	42.87	38.73	44.65	22.73	37.96	30.85	39.39	34.85	37.84	31.84	-	-	-	-
Change	-	-0.61%	-34.79%	10.03%	10.89%	13.7%	-4.84%	3.43%	13.47%	-2.18%	-4.71%	-1.68%	-9.66%	15.3%	-49.09%	66.96%	-18.72%	27.68%	-11.53%	8.58%	-15.85%	-100%	-	-	-
Charge d'intérêts ¹	-45.22	-36.62	-36.01	-35.79	-35.79	-34.74	-34.91	-36.27	-36.1	-34.28	-35.58	-36.95	-37.06	-36.46	-36.88	-39.1	-40.55	-40.27	-40	-43.8	-42.32	-42.33	-42.33	-41.75	-41.75
Earnings before Tax (EBT) ¹	-53.29	-	-9.693	-5.877	-1.367	3.025	-9.694	5.505	6.866	6.649	4.397	1.897	-37.88	8.602	-	-24.8	-	17.08	-2.498	-	-62	-	-	-	-
Change	-	-100%	-	-39.37%	-76.74%	-	-	-	24.72%	-3.16%	-33.87%	-56.86%	-	-	-100%	-	-100%	-	-	-100%	-	100%	-	-	-
Net income ¹	-52.78	5.226	-7.684	-6.958	-12.62	1.884	-10.13	4.632	5.671	6.122	4.038	1.224	-39.58	8.314	-82.83	-25.06	-271.7	16.73	-7.819	-4.203	-7.887	-4.66	-8.38	-12.66	-8.94
Change	-	-	-	-9.45%	81.3%	-	-	-	22.43%	7.95%	-34.04%	-69.69%	-	-	-	-69.74%	984.26%	-	-	-46.25%	-87.65%	40.92%	-79.83%	-51.07%	29.38%
Announcement Date	2/12/20	4/29/20	7/29/20	10/28/20	2/10/21	4/28/21	7/27/21	10/27/21	2/22/22	4/27/22	7/26/22	10/26/22	2/15/23	5/3/23	7/31/23	11/1/23	2/14/24	5/1/24	7/31/24	10/30/24	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Paramount Group, Inc.

balance-sheet-analysis-chart PARAMOUNT-GROUP-INC

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	3,515	3,335	3,311	3,431	3,375	3,182	3,158	3,162
Change	-	-5.12%	-0.72%	3.62%	-1.63%	-5.73%	-0.75%	0.13%
Announcement Date	2/12/20	2/10/21	2/22/22	2/15/23	2/14/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Paramount Group, Inc.

Fiscal Period: December	2018	2019	2020	2021	2022	2023
CAPEX ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Free Cash Flow (FCF) ¹	258	214.5	339	316.9	188.9	33.94
Change	-	-16.86%	58.05%	-6.53%	-40.4%	-82.03%
Announcement Date	2/13/19	2/12/20	2/10/21	2/22/22	2/15/23	2/14/24

¹USD in Million

Estimates

Forecast Financial Ratios: Paramount Group, Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	55.36%	53.45%	55.34%	54.49%	52.08%	48.06%	48.5%	48.09%
EBIT Margin (%)	23.07%	20.52%	23.35%	23.09%	18.34%	20.02%	14.94%	6.64%
EBT Margin (%)	-3.81%	-1.77%	0.78%	-3.37%	-49.8%	1.44%	-5.64%	-12.43%
Net margin (%)	-3.85%	-2.69%	0.28%	-3.81%	-49.99%	-0.26%	-5.55%	-9.51%
FCF margin (%)	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-
Profitability
ROA	-0.34%	-0.22%	0.02%	-0.33%	-	-	-	-
ROE	-0.76%	-0.52%	0.06%	-0.79%	-4.04%	-0.58%	-2.03%	-2.86%
Financial Health
Leverage (Debt/EBITDA)	8.25x	8.74x	8.23x	8.5x	8.73x	8.71x	9.28x	9.88x
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	47.95%	-	1.62%	2.14%	-	-	-	-
CAPEX / EBITDA (%)	86.63%	-	2.92%	3.92%	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	1.233	1.067	1.117	1.114	1.28	-	-	-
Change	-	-13.47%	4.72%	-0.28%	14.9%	-	-	-
Dividend per Share ¹	0.4	0.37	0.28	0.31	0.1825	0.07	0.07	0.14
Change	-	-7.5%	-24.32%	10.71%	-41.13%	-61.64%	0%	100%
Book Value Per Share ¹	15.01	15.25	14.91	15.54	15.54	13.17	12.65	12.05
Change	-	1.58%	-2.25%	4.27%	-0.01%	-15.25%	-3.95%	-4.74%
EPS ¹	-0.1279	-0.09	0.0094	-0.1274	-1.712	-0.08	-0.26	-0.35
Change	-	-29.63%	-110.44%	-1,455.43%	1,243.46%	-95.33%	225%	34.62%
Nbr of stocks (in thousands)	227,433	220,162	218,956	219,824	217,354	217,519	217,519	217,519
Announcement Date	2/12/20	2/10/21	2/22/22	2/15/23	2/14/24	-	-	-