Paramount Group: Q2 Earnings Snapshot

Associated Press Finance
1 min read
0
In this article:

NEW YORK (AP) — NEW YORK (AP) — Paramount Group Inc. (PGRE) on Monday reported a key measure of profitability in its second quarter.

The New York-based real estate investment trust said it had funds from operations of $38.7 million, or 18 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had a loss of $47.5 million, or 22 cents per share.

The real estate investment trust that owns office buildings, based in New York, posted revenue of $172.7 million in the period.

Paramount Group expects full-year funds from operations in the range of 84 cents to 88 cents per share.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PGRE at https://www.zacks.com/ap/PGRE

Advertisement

Recommended Stories