Loading...
•
Jun 30, 2022
Paramount Q2 2022 Earnings Report
Paramount Group's financial performance for Q2 2022 was reported, with raised guidance for the full year 2022.
Key Takeaways
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.
Net loss attributable to common stockholders was $0.4 million, or $0.00 per diluted share.
Core Funds from Operations (FFO) attributable to common stockholders was $53.6 million, or $0.24 per diluted share.
Full year 2022 earnings guidance was raised.
Same Store Cash Net Operating Income (NOI) increased by 5.6% and Same Store NOI increased by 9.0%.
Forward Guidance
The Company is raising its Estimated Core FFO Guidance for the full year of 2022 to be between $0.95 and $0.99 per diluted share.
Positive Outlook
- $0.01 per diluted share from better than expected portfolio operations
- $0.01 per diluted share from higher straight line rental income
- $0.01 per diluted share from lower interest expense
- $0.02 per diluted share from lower depreciation expense
Challenges Ahead
- $0.01 per diluted share from higher general and administrative expenses
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...