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Dec 31, 2023
Paramount Q4 2023 Earnings Report
Paramount Group reported a net loss and a decrease in Same Store Cash Net Operating Income for Q4 2023.
Key Takeaways
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.
Net loss attributable to common stockholders was $205.6 million, or $0.95 per diluted share.
Core FFO attributable to common stockholders was $46.1 million, or $0.21 per diluted share.
Same Store Cash NOI decreased by 8.0%.
Leased 173,770 square feet, with the Company's share being 142,391 square feet at a weighted average initial rent of $80.17 per square foot.
Revenue by Segment
Forward Guidance
The Company is providing its Estimated Core FFO Guidance for the full year of 2024, which is reconciled to estimated net loss attributable to common stockholders in accordance with GAAP.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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