Private company
Paramount Group, Inc.
Real estate investment trust. Summary from the record
Last updated Oct 19, 2026.
Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2024
Where the money goes
Where each dollar of revenue went, fiscal 2024
- Other costs91¢$19.8M
- Income tax9¢$2.1M
Out of $21.9M in revenue.3 The company lost money this year.
Where each dollar of operating cash went, fiscal 2024
- Dividends paid9¢$22.8M
- Kept or used elsewhere91¢$242.1M
Out of $264.9M of cash from operations.3
Financial statements
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenue | $18.6M4 | $22.7M5 | $28.1M6 | $28.5M7 | $28.4M3 | $21.6M3 | $21.9M3 |
| Operating expenses | $558.0M7 | $569.9M3 | $607.0M3 | $610.1M3 | |||
| Operating income | $121.6M8 | ||||||
| Income before tax | $5.7M7 | -$24.9M3 | -$369.9M3 | -$36.3M3 | |||
| Income tax | $3.1M4 | $312.0K5 | $1.5M6 | $3.6M7 | $3.3M3 | $1.4M3 | $2.1M3 |
| Net income | $9.1M4 | -$36.9M5 | -$24.7M6 | -$20.4M7 | -$36.4M3 | -$259.7M3 | -$46.3M3 |
| Earnings per share | $0.044 | -$0.165 | -$0.116 | -$0.097 | -$0.163 | -$1.203 | -$0.213 |
| Earnings per share (diluted) | $0.044 | -$0.165 | -$0.116 | -$0.097 | -$0.163 | -$1.203 | -$0.213 |
| Shares (weighted, basic) | 218.7M shares7 | 221.3M shares3 | 216.9M shares3 | 217.2M shares3 | |||
| Shares (weighted, diluted) | 218.7M shares7 | 221.3M shares3 | 216.9M shares3 | 217.2M shares3 |
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Cash | $339.7M5 | $306.2M6 | $434.5M7 | $524.9M3 | $408.9M3 | $428.2M3 | $375.1M3 |
| Intangible assets | $119.4M6 | $90.4M7 | $68.0M3 | $50.5M3 | |||
| Total assets | $8.8B4 | $8.7B5 | $8.6B6 | $8.5B7 | $8.5B3 | $8.0B3 | $7.9B3 |
| Total liabilities | $3.9B12 | $4.1B4 | $4.0B5 | $4.0B6 | $4.0B7 | $4.0B3 | $3.9B3 |
| Shareholders’ equity | $4.0B12 | $3.8B4 | $3.7B5 | $3.6B6 | $3.6B7 | $3.2B3 | $3.1B3 |
| Shares outstanding | 233.1M shares12 | 227.4M shares4 | 218.8M shares5 | 219.0M shares6 | 216.6M shares7 | 217.4M shares3 | 217.5M shares3 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Cash from operations | $156.5M4 | $285.4M5 | $237.3M6 | $244.3M7 | $246.6M3 | $277.9M3 | $264.9M3 |
| Depreciation and amortization | $232.5M7 | $232.5M3 | $250.6M3 | $239.5M3 | |||
| Stock-based compensation | $18.6M7 | $19.0M3 | $20.3M3 | $20.1M3 | |||
| Cash from investing | -$103.5M7 | -$152.6M3 | -$160.1M3 | -$109.1M3 | |||
| Dividends paid | $95.0M8 | $93.0M5 | $89.2M6 | $61.3M7 | $67.1M3 | $48.9M3 | $22.8M3 |
| Share buybacks | $102.9M4 | $97.1M5 | $120.0M6 | $63.2M3 | $03 | $03 | |
| Cash from financing | -$76.5M7 | -$173.9M3 | -$58.0M3 | -$110.0M3 | |||
| Dividend per share | $0.404 | $0.405 | $0.376 | $0.287 | $0.313 | $0.183 | $0.073 |
Leadership
Who has led Paramount Group, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
201520202025
- Chief executive officerAlbert P. Behler Nov 18, 2014 to now13
- ChairAlbert P. Behler Nov 18, 2014 to now13
- PresidentAlbert P. Behler Nov 18, 2014 to now13
- Chief financial officerWilbur N. Paes Mar 22, 2016 to now14
- Chief financial officerDavid P. Spence Nov 18, 2014 to Nov 26, 201415
- Chief operating officerWilbur N. Paes Feb 5, 2021 to now16
Board members and other officers (23)
- OfficerTimothy Carey Dembo Aug 1, 2025 to now17
- OfficerErmelinda Berberi Feb 16, 2021 to now18
- OfficerDavid Zobel Jun 29, 2018 to Jan 13, 202119
- EVP, LeasingPeter R.c. Brindley Dec 21, 2017 to now20
- EVP, Chief Investment OfficerDaniel A. Lauer Nov 18, 2014 to Feb 1, 201721
- SVP, GC and SecretaryGage R. Johnson Nov 18, 2014 to now22
- EVP, Operations and HRJolanta K. Bott Nov 18, 2014 to Feb 1, 201723
- SVP, Property ManagementRalph J. Diruggiero Nov 18, 2014 to Feb 1, 201724
- EVP, LeasingTheodore J. Koltis Nov 18, 2014 to Feb 1, 201725
- SVP, Asset ManagementVito Messina Nov 18, 2014 to Apr 3, 201526
- SVP, Chief Accounting OfficerWilbur N. Paes Nov 18, 2014 to Apr 3, 201527
- Board memberWolfgang Carl Frederic Arndts Jul 11, 2025 to now28
- Board memberHitoshi Saito May 16, 2022 to now29
- Board memberPaula Sutter Aug 3, 2022 to now30
- Board memberGregory S. Wright May 21, 2020 to now31
- Board memberColin Dyer May 20, 2019 to May 17, 202132
- Board memberKarin Klein Mar 31, 2016 to now33
- Board memberMartin Bussmann Mar 31, 2016 to now34
- Board memberThomas Armbrust Nov 18, 2014 to May 20, 202435
- Board memberDan A. Emmett Nov 19, 2014 to May 20, 201936
- Board memberLizanne Galbreath Nov 19, 2014 to May 20, 201937
- Board memberPeter Linneman Nov 19, 2014 to Dec 19, 202338
- Board memberKatharina Otto-Bernstein Nov 26, 2014 to May 20, 202439
Timeline
- Nov 18, 2014New chief executive Albert P. Behler becomes CEO13
Filings
203 filings to the SEC since October 2021: 4 annual reports, 13 quarterly reports, 41 major events, 104 insider forms, 11 large holders, 30 other. The latest 20:
- Dec 29, 202515-12G EDGAR
- Dec 22, 20254 EDGAR
- Dec 22, 20254 EDGAR
- Dec 22, 20254 EDGAR
- Dec 22, 20254 EDGAR
- Dec 22, 20254 EDGAR
- Dec 22, 20254 EDGAR
- Dec 22, 20254 EDGAR
- Dec 22, 20254 EDGAR
- Dec 22, 20254 EDGAR
- Dec 22, 20254 EDGAR
- Dec 22, 20254 EDGAR
- Dec 19, 2025S-8 POS EDGAR
- Dec 19, 2025S-8 POS EDGAR
- Dec 19, 2025POSASR EDGAR
- Dec 19, 20258-K EDGAR
- Dec 16, 20258-K EDGAR
- Dec 10, 2025DEFA14A EDGAR
- Dec 10, 20258-K EDGAR
- Dec 10, 2025SCHEDULE 13D/A EDGAR
The 203 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
27 open-market trades by officers, directors and large owners since October 2021: 26 buys and 1 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Mar 21, 2025 | Behler Albert P.Chairman, CEO and President | Buy | 10,000 | $4.15 | $41.5K | Form 4 |
| Mar 14, 2025 | Behler Albert P.Chairman, CEO and President | Buy | 50,000 | $4.08 | $204.0K | Form 4 |
| Mar 13, 2025 | Behler Albert P.Chairman, CEO and President | Buy | 50,000 | $4.00 | $200.0K | Form 4 |
| Aug 17, 2023 | Behler Albert P.Chairman, CEO and President | Buy | 20,000 | $4.73 | $94.6K | Form 4 |
| Aug 16, 2023 | Behler Albert P.Chairman, CEO and President | Buy | 50,000 | $4.64 | $232.0K | Form 4 |
| Mar 23, 2023 | Behler Albert P.Chairman, CEO and President | Buy | 50,000 | $4.10 | $205.0K | Form 4 |
| Mar 23, 2023 | Johnson Gage R.SVP, GC and Secretary | Buy | 4,500 | $3.97 | $17.9K | Form 4 |
| Mar 22, 2023 | Behler Albert P.Chairman, CEO and President | Buy | 30,000 | $4.36 | $130.8K | Form 4 |
| Mar 21, 2023 | Behler Albert P.Chairman, CEO and President | Buy | 20,000 | $4.35 | $87.0K | Form 4 |
| Mar 20, 2023 | Behler Albert P.Chairman, CEO and President | Buy | 30,000 | $4.27 | $128.1K | Form 4 |
| Mar 17, 2023 | Behler Albert P.Chairman, CEO and President | Buy | 40,000 | $4.28 | $171.2K | Form 4 |
| Mar 10, 2023 | Behler Albert P.Chairman, CEO and President | Buy | 10,000 | $4.81 | $48.1K | Form 4 |
| Mar 10, 2023 | Armbrust ThomasDirector | Buy | 20,000 | $4.85 | $97.0K | Form 4 |
| Mar 9, 2023 | Behler Albert P.Chairman, CEO and President | Buy | 30,000 | $5.06 | $151.8K | Form 4 |
| Mar 8, 2023 | Behler Albert P.Chairman, CEO and President | Buy | 20,000 | $5.21 | $104.2K | Form 4 |
| Mar 7, 2023 | Behler Albert P.Chairman, CEO and President | Buy | 20,000 | $5.18 | $103.6K | Form 4 |
| Mar 3, 2023 | Behler Albert P.Chairman, CEO and President | Buy | 10,000 | $5.28 | $52.8K | Form 4 |
| Mar 2, 2023 | Behler Albert P.Chairman, CEO and President | Buy | 20,000 | $5.19 | $103.8K | Form 4 |
| Mar 1, 2023 | Behler Albert P.Chairman, CEO and President | Buy | 20,000 | $5.20 | $104.0K | Form 4 |
| Feb 28, 2023 | Behler Albert P.Chairman, CEO and President | Buy | 30,000 | $5.35 | $160.5K | Form 4 |
All 27 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Saray Capital (DIFC) LtdSCHEDULE 13D/A, 2 filings May 20, 2025 to Dec 10, 202540
- Cohen & SteersSCHEDULE 13G, 1 filing Aug 14, 202541
- Long Pond Capital, LPSCHEDULE 13G, 1 filing May 14, 202542
- VANGUARD GROUP INCSC 13G/A, 3 filings Feb 10, 2022 to Feb 13, 202443
- NORGES BANKSC 13G/A, 1 filing Feb 14, 202344
- Monarch Alternative Capital LPSC 13D/A, 3 filings Feb 25, 2022 to Nov 8, 202245
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 17SEC EDGARTimothy Carey Dembo, Officer
- 18SEC EDGARErmelinda Berberi, Officer
- 19SEC EDGARDavid Zobel, Officer
- 20SEC EDGARPeter R.c. Brindley, EVP, Leasing
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- 25SEC EDGARTheodore J. Koltis, EVP, Leasing
- 26SEC EDGARVito Messina, SVP, Asset Management
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- 29SEC EDGARHitoshi Saito, Board member
- 30SEC EDGARPaula Sutter, Board member
- 31SEC EDGARGregory S. Wright, Board member
- 32SEC EDGARColin Dyer, Board member
- 33SEC EDGARKarin Klein, Board member
- 34SEC EDGARMartin Bussmann, Board member
- 35SEC EDGARThomas Armbrust, Board member
- 36SEC EDGARDan A. Emmett, Board member
- 37SEC EDGARLizanne Galbreath, Board member
- 38SEC EDGARPeter Linneman, Board member
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