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Mar 31, 2020
Paramount Q1 2020 Earnings Report
Paramount announced first quarter results and completed share repurchases, but withdrew full year guidance.
Key Takeaways
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.
Net income attributable to common stockholders was $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.
Same Store Cash Net Operating Income (NOI) increased by 4.3%.
The Company withdrew its previously issued 2020 guidance due to the COVID-19 pandemic.
Forward Guidance
Due to the economic uncertainty and rapidly-evolving circumstances related to the COVID-19 pandemic, the Company is withdrawing its previously issued 2020 guidance and is not providing an updated outlook at this time.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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