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 investments | 375,056 | 428,208 | 408,905 | 524,900 | 434,530 | 306,215 | |||
| Cash and cash equivalent | 375,056 | 428,208 | 408,905 | 524,900 | 434,530 | 306,215 | |||
| Total current assets: | 375,056 | 428,208 | 408,905 | 524,900 | 434,530 | 306,215 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 1,966,237 | 1,966,237 | 1,966,237 | 1,966,237 | 1,966,237 | 2,002,425 | |||
| Long-term investments and receivables | 85,952 | 132,239 | 393,503 | 408,096 | 412,724 | 449,180 | |||
| Long-term investments | 85,952 | 132,239 | 393,503 | 408,096 | 412,724 | 449,180 | |||
| Intangible assets, net (including goodwill) | 50,492 | 68,005 | 90,381 | 119,413 | 153,519 | 208,744 | |||
| Intangible assets, net (excluding goodwill) | 50,492 | 68,005 | 90,381 | 119,413 | 153,519 | 208,744 | |||
| Total noncurrent assets: | 2,102,681 | 2,166,481 | 2,450,121 | 2,493,746 | 2,532,480 | 2,660,349 | |||
| Other undisclosed assets | 5,393,766 | 5,411,526 | 5,594,228 | 5,475,916 | 5,587,087 | 5,767,571 | |||
| TOTAL ASSETS: | 7,871,503 | 8,006,215 | 8,453,254 | 8,494,562 | 8,554,097 | 8,734,135 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 3,862,006 | 3,991,327 | 4,042,488 | 4,039,530 | 4,038,363 | 4,103,173 | |||
| Total liabilities: | 3,862,006 | 3,991,327 | 4,042,488 | 4,039,530 | 4,038,363 | 4,103,173 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 3,141,277 | 3,203,285 | 3,592,291 | 3,588,163 | 3,653,177 | 3,785,730 | |||
| Common stock | 2,175 | 2,173 | 2,165 | 2,190 | 2,188 | 2,274 | |||
| Additional paid in capital | 4,144,301 | 4,133,801 | 4,186,161 | 4,122,680 | 4,120,173 | 4,133,184 | |||
| Accumulated other comprehensive income (loss) | 428 | 11,246 | 48,296 | 2,138 | (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 interest | 785,345 | 701,014 | 645,100 | 784,944 | 783,540 | 772,836 | |||
| Other undisclosed equity | 82,875 | 110,589 | 173,375 | 81,925 | 79,017 | 72,396 | |||
| Total equity: | 4,009,497 | 4,014,888 | 4,410,766 | 4,455,032 | 4,515,734 | 4,630,962 | |||
| TOTAL LIABILITIES AND EQUITY: | 7,871,503 | 8,006,215 | 8,453,254 | 8,494,562 | 8,554,097 | 8,734,135 | |||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 757,451 | 742,788 | 740,377 | 726,786 | 714,237 | 769,180 | ||
| Operating lease, lease income | 721,750 | 711,470 | 702,819 | 690,418 | 679,015 | |||
| Gross profit: | 757,451 | 742,788 | 740,377 | 726,786 | 714,237 | 769,180 | ||
| 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) | 135,771 | 170,481 | 168,813 | 145,437 | 175,442 | ||
| Nonoperating income (expense) | 14,368 | (1,244) | (1,709) | (134) | 7,048 | |||
| Investment income, nonoperating | 15,018 | |||||||
| 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) | 24,908 | 26,665 | 1,229 | 25,811 | ||
| 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 taxes | 170,360 | (81,116) | 3,411 | 3,933 | 4,762 | (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 parent | 10,292 | 109,795 | 3,342 | (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) | 50,324 | 16,422 | (13,894) | (27,863) | ||
| Comprehensive income (loss): | (50,115) | (411,331) | 22,127 | 18,481 | (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.