Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

PARAMOUNT GROUP, INC.

(PGRE)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Paramount Group: Q2 Earnings Snapshot

07/27/2021 | 04:48pm EDT

NEW YORK (AP) _ Paramount Group Inc. (PGRE) on Tuesday reported a key measure of profitability in its second quarter. The results topped Wall Street expectations.

The New York-based real estate investment trust said it had funds from operations of $47.6 million, or 22 cents per share, in the period.

The average estimate of three analysts surveyed by Zacks Investment Research was for funds from operations of 20 cents per share.

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 $15.9 million, or 7 cents per share.

The real estate investment trust that owns office buildings posted revenue of $182.3 million in the period.

Paramount Group expects full-year funds from operations in the range of 86 cents to 90 cents per share.

The company's shares have risen roughly 10% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $9.92, an increase of 42% in the last 12 months.

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

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News

All news about PARAMOUNT GROUP, INC.
09/23PARAMOUNT : Presidential Jet 'Sale' Continues to Haunt Former President Joyce Banda
AQ
09/15PARAMOUNT : Declares Regular Quarterly Dividend
BU
09/15Paramount Group, Inc. Declares Regular Quarterly Dividend for the Period from July 1, 2..
CI
09/10PARAMOUNT : Wells Fargo Adjusts Paramount Group PT to $8.50 From $9, Maintains Underweight..
MT
09/08PARAMOUNT : Evercore ISI Upgrades Paramount Group to In-Line from Underperform, Keeps $11 ..
MT
09/07PARAMOUNT : Signs Leases Aggregating 279,000 Square Feet at 1301 Avenue of the Americas
BU
09/07Paramount Signs Leases Aggregating 279,000 Square Feet At 1301 Avenue of the Americas
CI
08/18PARAMOUNT : Morgan Stanley Adjusts Price Target on Paramount to $11 From $12, Maintains Ov..
MT
08/02PARAMOUNT : Completes $860 Million Refinancing of 1301 Avenue of the Americas
BU
07/27PARAMOUNT : Announces Second Quarter 2021 Results (Form 8-K)
PU
More news
Analyst Recommendations on PARAMOUNT GROUP, INC.
More recommendations
Financials (USD)
Sales 2021 728 M - -
Net income 2021 -2,50 M - -
Net Debt 2021 3 259 M - -
P/E ratio 2021 220x
Yield 2021 3,07%
Capitalization 1 997 M 1 997 M -
EV / Sales 2021 7,22x
EV / Sales 2022 6,90x
Nbr of Employees 323
Free-Float 84,5%
Chart PARAMOUNT GROUP, INC.
Duration : Period :
Paramount Group, Inc. Technical Analysis Chart | PGRE | US69924R1086 | MarketScreener
Technical analysis trends PARAMOUNT GROUP, INC.
Short TermMid-TermLong Term
TrendsNeutralBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 8
Last Close Price 9,12 $
Average target price 11,13 $
Spread / Average Target 22,0%
EPS Revisions
Managers and Directors
Albert P. Behler Chairman, President & Chief Executive Officer
Wilbur N. Paes Treasurer, Chief Operating & Financial Officer
Todd Januzzi Chief Information & Technology Officer
Peter David Linneman Lead Independent Director
Katharina Otto-Bernstein Independent Director
Sector and Competitors