Paramount

Oct 26, 2022

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Sep 30, 2022

Paramount Q3 2022 Earnings Report

Paramount Group's Q3 2022 financial results were announced, with a net loss attributable to common stockholders of $1.5 million and Core FFO of $54.2 million.

Key Takeaways

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.

Net loss attributable to common stockholders was $1.5 million, or $0.01 per diluted share.

Core FFO attributable to common stockholders was $54.2 million, or $0.24 per diluted share.

Same Store Cash Net Operating Income increased by 0.4%.

The company repurchased 3,237,392 common shares for $21.3 million.