Paramount Group, Inc. (PGRE) Financial Statements (2025 and earlier)

Company Profile

Business Address 1633 BROADWAY, SUITE 1801
NEW YORK, NY 10019
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments375,056428,208408,905524,900434,530306,215
Cash and cash equivalent375,056428,208408,905524,900434,530306,215
Total current assets:375,056428,208408,905524,900434,530306,215
Noncurrent Assets
Property, plant and equipment1,966,2371,966,2371,966,2371,966,2371,966,2372,002,425
Long-term investments and receivables85,952132,239393,503408,096412,724449,180
Long-term investments85,952132,239393,503408,096412,724449,180
Intangible assets, net (including goodwill)50,49268,00590,381119,413153,519208,744
Intangible assets, net (excluding goodwill)50,49268,00590,381119,413153,519208,744
Total noncurrent assets:2,102,6812,166,4812,450,1212,493,7462,532,4802,660,349
Other undisclosed assets5,393,7665,411,5265,594,2285,475,9165,587,0875,767,571
TOTAL ASSETS:7,871,5038,006,2158,453,2548,494,5628,554,0978,734,135
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities3,862,0063,991,3274,042,4884,039,5304,038,3634,103,173
Total liabilities:3,862,0063,991,3274,042,4884,039,5304,038,3634,103,173
Equity
Equity, attributable to parent, including:3,141,2773,203,2853,592,2913,588,1633,653,1773,785,730
Common stock2,1752,1732,1652,1902,1882,274
Additional paid in capital4,144,3014,133,8014,186,1614,122,6804,120,1734,133,184
Accumulated other comprehensive income (loss)42811,24648,2962,138(12,791)(171)
Other undisclosed equity, attributable to parent(1,005,627)(943,935)(644,331)(538,845)(456,393)(349,557)
Equity, attributable to noncontrolling interest785,345701,014645,100784,944783,540772,836
Other undisclosed equity82,875110,589173,37581,92579,01772,396
Total equity:4,009,4974,014,8884,410,7664,455,0324,515,7344,630,962
TOTAL LIABILITIES AND EQUITY:7,871,5038,006,2158,453,2548,494,5628,554,0978,734,135

Income Statement (P&L) ($ in thousands)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues757,451742,788740,377726,786714,237769,180
Operating lease, lease income721,750711,470702,819690,418679,015 
Gross profit:757,451742,788740,377726,786714,237769,180
Operating expenses(610,076)(607,017)(569,896)(557,973)(568,800)(593,738)
Other operating expense, net
(Other Expenses)
(154,128)     
Other undisclosed operating loss      
Operating income (loss):(6,753)135,771170,481168,813145,437175,442
Nonoperating income (expense)14,368(1,244)(1,709)(134) 7,048
Investment income, nonoperating15,018     
Other nonoperating income (expense)(650)(1,244)(1,709)(134) 7,048
Interest and debt expense(166,952)(152,990)(143,864)(142,014)(144,208)(156,679)
Income (loss) from continuing operations before equity method investments, income taxes:(159,337)(18,463)24,90826,6651,22925,811
Loss from equity method investments(47,359)(270,298)(53,251)(24,896)(18,619)(4,706)
Other undisclosed income (loss) from continuing operations before income taxes170,360(81,116)3,4113,9334,762(50,396)
Income (loss) from continuing operations before income taxes:(36,336)(369,877)(24,932)5,702(12,628)(29,291)
Income tax expense(2,058)(1,426)(3,265)(3,643)(1,493)(312)
Income (loss) from continuing operations:(38,394)(371,303)(28,197)2,059(14,121)(29,603)
Income (loss) before gain (loss) on sale of properties:2,059(19,196)(29,603)
Loss from discontinued operations     (5,075) 
Net income (loss):(38,394)(371,303)(28,197)2,059(19,196)(29,603)
Net income (loss) attributable to noncontrolling interest(18,186)1,764(11,548)(19,520)(6,958)(6,983)
Other undisclosed net income (loss) attributable to parent10,292109,7953,342(2,893)1,450(313)
Net loss attributable to parent:(46,288)(259,744)(36,403)(20,354)(24,704)(36,899)
Undistributed earnings (loss) allocated to participating securities, basic(14)(50)    
Net loss available to common stockholders, diluted:(46,302)(259,794)(36,403)(20,354)(24,704)(36,899)

Comprehensive Income ($ in thousands)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income (loss):(38,394)(371,303)(28,197)2,059(19,196)(29,603)
Other undisclosed comprehensive income (loss)(11,721)(40,028)50,32416,422(13,894)(27,863)
Comprehensive income (loss):(50,115)(411,331)22,12718,481(33,090)(57,466)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(6,991)114,537(12,372)(23,906)(4,234)(4,656)
Comprehensive income (loss), net of tax, attributable to parent:(57,106)(296,794)9,755(5,425)(37,324)(62,122)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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