Paramount Group Inc

NYSE:PGREUnited States

Yesterday

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• -- Earnings Flash (PGRE) PARAMOUNT GROUP Posts Q1 Revenue $188.9M, from 4:43PM ET on Wednesday May 01, 2024 by MT Newswires

  4:43PM ET on Wednesday May 01, 2024 by MT Newswires
  Companies Mentioned: PGRE
  04:43 PM EDT, 05/01/2024 (MT Newswires) -- ...

• Paramount Announces First Quarter 2024 Results, from 4:15PM ET on Wednesday May 01, 2024 by Business Wire

  4:15PM ET on Wednesday May 01, 2024 by Business Wire
  Companies Mentioned: PGRE

  Paramount Group, Inc. (NYSE: PGRE) ("Paramount" or the "Company") filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 today and reported results for the first quarter ended March 31, 2024.

• *DJ Paramount Group Sees FY Loss/Shr 10c-Loss 4c >PGRE, from 4:15PM ET on Wednesday May 01, 2024 by Dow Jones

  4:15PM ET on Wednesday May 01, 2024 by Dow Jones
  Companies Mentioned: PGRE
  
  (Unaudited and in thousands)
  For the Three Months Ended March 31, -------------------------------------------- 2024 2023 -------------------- ------------------ Reconciliation of Net Income to Same Store NOI and Same Store Cash NOI: Net income $ 16,731 $ 8,314 Adjustments to arrive at NOI: Fee income (6,248) (4,557) Depreciation and amortization 61,114 58,888 General and administrative 16,634 14,623 Loss (income) from real estate related fund investments 43 (3,550) Loss from unconsolidated joint ventures 1,346 5,762 NOI from unconsolidated joint ventures (excluding One Steuart Lane) 5,602 10,381 Interest and other income, net (19,420) (2,925) Interest and debt expense 40,269 36,459 Income tax expense 347 288 Non-core assets (1) - (5,076) Other, net 73 306 Amounts attributable to noncontrolling interests in consolidated joint ventures (22,908) (22,712) --- --------------- -------------- PGRE's share of NOI 93,583 96,201 Non-same store adjustments: Lease termination income (944) - Other, net 1,304 1,137 --- --------------- -------------- PGRE's share of Same Store NOI $ 93,943 $ 97,338 === =============== ============== PGRE's share of NOI $ 93,583 $ 96,201 Adjustments to arrive at Cash NOI: Straight-line rent (including our share of unconsolidated joint ventures) (3,387) (7,691) Amortization of above and below-market leases, net (including our share of unconsolidated joint ventures) (1,658) (1,838) Non-core assets (1) - 261 Amounts attributable to noncontrolling interests in consolidated joint ventures 439 2,867 --- --------------- -------------- PGRE's share of Cash NOI 88,977 89,800 Non-same store adjustments: Lease termination income (944) - Other, net 1,198 815 --- --------------- -------------- PGRE's share of Same Store Cash NOI $ 89,231 $ 90,615 === =============== ============== (1) Represents Market Center and 111 Sutter Street.
  

• Paramount Announces First Quarter 2024 Results, from 4:15PM ET on Wednesday May 01, 2024 by Dow Jones

  4:15PM ET on Wednesday May 01, 2024 by Dow Jones
  Companies Mentioned: PGRE
  
  (Unaudited and in thousands)
  For the Three Months Ended March 31, -------------------------------------------- 2024 2023 -------------------- ------------------ Reconciliation of Net Income to Same Store NOI and Same Store Cash NOI: Net income $ 16,731 $ 8,314 Adjustments to arrive at NOI: Fee income (6,248) (4,557) Depreciation and amortization 61,114 58,888 General and administrative 16,634 14,623 Loss (income) from real estate related fund investments 43 (3,550) Loss from unconsolidated joint ventures 1,346 5,762 NOI from unconsolidated joint ventures (excluding One Steuart Lane) 5,602 10,381 Interest and other income, net (19,420) (2,925) Interest and debt expense 40,269 36,459 Income tax expense 347 288 Non-core assets (1) - (5,076) Other, net 73 306 Amounts attributable to noncontrolling interests in consolidated joint ventures (22,908) (22,712) --- --------------- -------------- PGRE's share of NOI 93,583 96,201 Non-same store adjustments: Lease termination income (944) - Other, net 1,304 1,137 --- --------------- -------------- PGRE's share of Same Store NOI $ 93,943 $ 97,338 === =============== ============== PGRE's share of NOI $ 93,583 $ 96,201 Adjustments to arrive at Cash NOI: Straight-line rent (including our share of unconsolidated joint ventures) (3,387) (7,691) Amortization of above and below-market leases, net (including our share of unconsolidated joint ventures) (1,658) (1,838) Non-core assets (1) - 261 Amounts attributable to noncontrolling interests in consolidated joint ventures 439 2,867 --- --------------- -------------- PGRE's share of Cash NOI 88,977 89,800 Non-same store adjustments: Lease termination income (944) - Other, net 1,198 815 --- --------------- -------------- PGRE's share of Same Store Cash NOI $ 89,231 $ 90,615 === =============== ============== (1) Represents Market Center and 111 Sutter Street.