Paramount Group, Inc. experienced a net loss of $5.317 million in Q1 2025, a significant decrease from a net income of $16.731 million in Q1 2024. This was largely driven by a substantial decrease in interest and other income, net, and an increase in interest and debt expense. Total revenues saw a slight decrease, while operating expenses increased.
Paramount Group, Inc. reported a net loss attributable to common stockholders of $38.6 million for the fourth quarter of 2024, a significant improvement from the $205.6 million loss in the same period last year. Core FFO attributable to common stockholders was $41.2 million, or $0.19 per diluted share. Same Store NOI decreased slightly by 0.4%, while leased occupancy increased by 10 basis points to 84.8%.
Paramount Group reported a net loss attributable to common stockholders of $9.7 million, or $0.04 per diluted share. Core FFO attributable to common stockholders was $40.5 million, or $0.19 per diluted share. The company raised its full-year 2024 earnings guidance and reported a 1.8% increase in Same Store Net Operating Income.
Paramount Group reported a net loss attributable to common stockholders of $7.8 million, or $0.04 per diluted share. Core FFO attributable to common stockholders was $43.4 million, or $0.20 per diluted share, compared to $37.1 million, or $0.17 per diluted share for the quarter ended June 30, 2023. The company updated and narrowed its full year 2024 Earnings Guidance.
Paramount Group reported a net income attributable to common stockholders of $9.9 million, or $0.05 per diluted share, for the quarter ended March 31, 2024. The company raised its Estimated Core FFO Guidance for the full year of 2024 to be between $0.75 and $0.81 per diluted share.
Paramount Group reported a net loss attributable to common stockholders of $205.6 million, or $0.95 per diluted share, for the quarter ended December 31, 2023, compared to a net loss of $37.9 million, or $0.17 per diluted share, for the quarter ended December 31, 2022. Core Funds from Operations (FFO) attributable to common stockholders was $46.1 million, or $0.21 per diluted share, for the quarter ended December 31, 2023, compared to $54.4 million, or $0.25 per diluted share, for the quarter ended December 31, 2022. Same Store Cash Net Operating Income (NOI) decreased by 8.0%, and Same Store NOI decreased by 7.2% in the quarter ended December 31, 2023, compared to the same period in the prior year.
Paramount Group reported a net loss attributable to common stockholders of $8.4 million, or $0.04 per diluted share, for the quarter ended September 30, 2023. Core Funds from Operations (FFO) attributable to common stockholders was $47.8 million, or $0.22 per diluted share, for the same period.
Paramount Group reported a net loss of $47.5 million, or $0.22 per diluted share, for the second quarter of 2023, compared to a net loss of $0.4 million, or $0.00 per diluted share, for the same period in 2022. Core FFO attributable to common stockholders was $38.7 million, or $0.18 per diluted share, compared to $53.6 million, or $0.24 per diluted share in the prior year. The company updated its full-year 2023 earnings guidance, expecting a net loss between $0.28 and $0.24 per diluted share and Core FFO between $0.84 and $0.88 per diluted share.
Paramount Group, Inc. reported a net income attributable to common stockholders of $1.7 million, or $0.01 per diluted share, for the quarter ended March 31, 2023. Core Funds from Operations (FFO) attributable to common stockholders was $56.2 million, or $0.26 per diluted share. The company raised its full-year 2023 earnings guidance and reported a 7.1% increase in Same Store Net Operating Income (NOI).
Paramount Group reported a net loss attributable to common stockholders of $37.9 million for Q4 2022, compared to a net income of $1.2 million in Q4 2021. Core FFO attributable to common stockholders was $54.4 million, compared to $52.8 million for the same period in the prior year. Same Store Cash NOI decreased by 2.6%, while Same Store NOI increased by 3.8%.
Paramount Group reported a net loss of $1.5 million, or $0.01 per diluted share. Core Funds from Operations (FFO) attributable to common stockholders was $54.2 million, or $0.24 per diluted share. The company updated its full year 2022 earnings guidance and repurchased 3,237,392 common shares for $21.3 million during the quarter.
Paramount Group reported a net loss attributable to common stockholders of $0.4 million, or $0.00 per diluted share. Core FFO attributable to common stockholders was $53.6 million, or $0.24 per diluted share. The company raised its full year 2022 earnings guidance.
Paramount Group, Inc. reported a net income attributable to common stockholders of $3.4 million, or $0.02 per diluted share, for the quarter ended March 31, 2022, compared to a net loss of $3.6 million, or $0.02 per diluted share, for the quarter ended March 31, 2021. Core Funds from Operations (FFO) attributable to common stockholders was $54.6 million, or $0.25 per diluted share, compared to $50.6 million, or $0.23 per diluted share, for the same period in the prior year. The company also raised its full-year 2022 earnings guidance.
Paramount Group, Inc. reported a net income attributable to common stockholders of $1.2 million, or $0.01 per diluted share, for the quarter ended December 31, 2021, compared to a net loss of $14.8 million, or $0.07 per diluted share, for the same quarter in 2020. Core Funds from Operations (FFO) attributable to common stockholders was $52.8 million, or $0.24 per diluted share, for the quarter ended December 31, 2021, compared to $52.5 million, or $0.24 per diluted share, for the quarter ended December 31, 2020. Same Store Cash Net Operating Income (NOI) increased by 3.3%, while Same Store NOI decreased by 7.5%.
Paramount Group reported a net loss attributable to common stockholders of $2.1 million, or $0.01 per diluted share. Core FFO attributable to common stockholders was $50.1 million, or $0.23 per diluted share. The company raised its Estimated Core FFO Guidance for the full year of 2021 to be between $0.90 to $0.92 per diluted share.
Paramount Group reported a net loss attributable to common stockholders of $15.9 million, or $0.07 per diluted share. Core FFO attributable to common stockholders was $47.6 million, or $0.22 per diluted share. The company raised its Estimated 2021 Core FFO Guidance to be between $0.86 to $0.90 per diluted share.
Paramount Group reported a net loss attributable to common stockholders of $3.6 million, or $0.02 per diluted share. Core Funds from Operations (FFO) attributable to common stockholders was $50.6 million, or $0.23 per diluted share. Same Store Cash Net Operating Income (NOI) decreased by 2.6%, and Same Store NOI decreased by 7.5%.
Paramount Group, Inc. reported a net loss attributable to common stockholders of $14.8 million, or $0.07 per diluted share, for the quarter ended December 31, 2020. Core FFO attributable to common stockholders was $52.5 million, or $0.24 per diluted share, for the same period. The company also completed the sale of 1899 Pennsylvania Avenue and repurchased 1,723,103 common shares.
Paramount Group reported a net loss attributable to common stockholders of $7.0 million, or $0.03 per diluted share, for the quarter ended September 30, 2020. Core FFO attributable to common stockholders was $49.6 million, or $0.22 per diluted share. The company reported strong rent collections of 97.5% portfolio-wide and ended the quarter with $1.35 billion in liquidity.
Paramount Group reported a net loss attributable to common stockholders of $6.3 million, or $0.03 per diluted share, for the quarter ended June 30, 2020. Core Funds from Operations (FFO) attributable to common stockholders was $50.1 million, or $0.23 per diluted share. The company realized net proceeds of $112.0 million from the sale of a 10.0% interest in 1633 Broadway and ended the quarter with over $1.35 billion in liquidity. Portfolio-wide rent collections were 96.4% in the second quarter, including 97.8% from office tenants.
Paramount Group reported net income attributable to common stockholders of $3.3 million, or $0.01 per diluted share. Core Funds from Operations (FFO) attributable to common stockholders was $61.5 million, or $0.27 per diluted share. The company withdrew its previously issued 2020 guidance due to economic uncertainty related to the COVID-19 pandemic.
Paramount Group reported a net loss attributable to common stockholders of $50.1 million, or $0.22 per diluted share, for the quarter ended December 31, 2019. Core Funds from Operations (FFO) attributable to common stockholders was $58.3 million, or $0.26 per diluted share, for the same period. The company completed a $1.25 billion refinancing of 1633 Broadway and acquired Market Center in San Francisco through a joint venture.