Paramount Group owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York City, Washington, D.C. and San Francisco. The company was founded in 1978 and is based in New York, New York.
PGRE Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Paramount Group Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Paramount Group Inc ranked in the 65th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. As for the metrics that stood out in our discounted cash flow analysis of Paramount Group Inc, consider:
The company's debt burden, as measured by earnings divided by interest payments, is 0.7; that's higher than only 22.34% of US stocks in the Real Estate sector that have positive free cash flow.
26% of the company's capital comes from equity, which is greater than merely 10.68% of stocks in our cash flow based forecasting set.
Paramount Group Inc's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 0% of US stocks with positive free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Real Estate that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as PGRE, try IRET, CXW, CLNC, ACC, and SAFE.
SAN FRANCISCO , Aug. 13, 2020 /PRNewswire/ -- Paramount Group, Inc. (NYSE: PGRE ), and SRE Group Ltd. , today announced the official topping off of San Francisco's only new ultra-luxury waterfront condominium tower, One Steuart Lane . Rising from one of the most premier sites on the West Coast and touting unobstructed views of San Francisco's historic Bay Bridge and Ferry Building, One Steuart Lane reached its vertical height of 220 feet as the 20-story, 120-unit tower continues to be developed as one of the last newly constructed residential buildings on San Francisco's prized Embarcadero. One Steuart Lane celebrates this significant milestone following a 2018 groundbreaking and ahead of an estimated 2021 completion date. Considered a once-in-a-lifetime, generational opportunity to own...
Paramount Group, Inc. (PGRE) Q2 2020 Results Conference Call July 30, 2020 10:00 AM ET Company Participants Rob Simone - Director, Business Development & IR Albert Behler - Chairman, CEO & President Peter Brindley - EVP, Leasing Wilbur Paes - EVP, CFO & Treasurer Conference Call Participants Derek Johnston -...
Shares of real estate investment trusts (REITs) focused on business office properties were hit hard Monday, after Deutsche Bank analyst Derek Johnston downgraded some, and cut price targets all the companies he covers, saying the outlook for the group has "dramatically changed" in the wake of the recession induced by the COVID-19 pandemic. Johnston downgraded Kilroy Realty Corp. to sell from hold, and both SL Green Realty Corp. and Paramount Group Inc. to hold from buy. "Fundamentals are likely to be strained for the forseeable future with leasing velocity decelerating as business activity remains weakened by the virus and is unlikely to fully recover for 12-to-18 months as we await a safe and effective vaccine," Johnston wrote in a note to clients. "Business...
Paramount Group, Inc. (NYSE: PGRE) ("Paramount" or the "Company") announced today that it will file its quarterly report on Form 10-Q for the quarter ended June 30, 2020 with the U.S. Securities and Exchange Commission and release its second quarter 2020 financial results on Wednesday, July 29, 2020 after the end of trading on the New York Stock Exchange.