Brief: Paramount Group Entered Into A Surrender And Assumption Agreement With J.P. Morgan On June 30

Paramount

07/07/2023 14:09

July 7 (Reuters) - Paramount Group Inc  PGRE.N :
    * PARAMOUNT GROUP INC - ON JUNE 30, 2023, WE ENTERED INTO A
SURRENDER AND ASSUMPTION AGREEMENT WITH J.P. MORGAN
    * PARAMOUNT GROUP INC SAYS AS OF JUNE 30, CO HAD $7.3
MILLION
STRAIGHT-LINE RENT RECEIVABLE BALANCE RELATED TO SPACE
SURRENDERED BY J.P. MORGAN
    * PARAMOUNT GROUP - ANTICIPATES NEGATIVE IMPACT TO FY 2023
NET
INCOME AND FUNDS FROM OPERATIONS OF ABOUT $19.6 MILLION, OR
$0.08 PER DILUTED SHARE

Source text for Eikon: [http://bitly.ws/KJtg]
Further company coverage:  PGRE.N 

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