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Sep 30, 2020
Paramount Q3 2020 Earnings Report
Paramount reported a net loss for Q3 2020, impacted by non-cash write-offs, but maintained strong rent collections and liquidity.
Key Takeaways
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.
Net loss attributable to common stockholders was $7.0 million, or $0.03 per diluted share.
Core FFO attributable to common stockholders was $49.6 million, or $0.22 per diluted share.
Portfolio-wide rent collections were 97.5%, including 99.0% from office tenants.
Ended the quarter with $1.35 billion in liquidity.
Forward Guidance
Paramount Group withdrew its previously issued 2020 guidance on April 29, 2020 and is not providing an updated outlook at this time given the continued economic uncertainty and rapidly-evolving circumstances related to the COVID-19 pandemic.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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