Brief: Paramount Group Estimates FY Core FFO Per Share Of $0.55-$0.59

Paramount

30/07/2025 23:06

Repeats to chain to corrected alerts

Overview

Paramount Group Q2 net loss widens to $19.8 mln, impacted by severance costs

Core FFO for Q2 falls to $36.9 mln from $43.4 mln yr/yr

The REIT, which operates and manages office properties, raises 2025 Core FFO guidance

Outlook

Paramount raises 2025 Core FFO guidance to $0.55-$0.59 per share

Company expects 2025 net loss per share of $0.37-$0.33

Higher fee income and lower expenses boost 2025 Core FFO outlook

Result Drivers

LEASE EXPIRATIONS - Scheduled expiration of Google’s lease at One Market Plaza decreased occupancy rates

SEVERANCE COSTS - Net loss impacted by $7.5 mln in expenses related to equity awards and severance payments

PORTFOLIO OPERATIONS - Improved operations contribute to raised full-year Core FFO guidance

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
-$0.09
Q2 Net Income
-$19.80 mln
Q2 Core FFO
$36.90 mln
Q2 FFO
$27 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the commercial reits peer group is "buy."

Wall Street's median 12-month price target for Paramount Group Inc is $5.75, about 8% below its July 29 closing price of $6.21

Press Release: ID:nBw7hqxz1a

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)