Paramount Group (PGRE) Posts Q1 FFO of $0.18

Paramount Group (NYSE: PGRE) reported Q1 FFO of $0.18, which may note compare with the analyst estimate of ($0.06). Revenue for the quarter came in at $161.23 million versus the consensus estimate of $161.5 million.

Core FFO attributable to Paramount Group, Inc. was $39.0 million, or $0.18 per diluted share, for the quarter ended March 31, 2015. Core FFO excludes the impact of (i) unrealized gains on interest rate swaps, including the Company’s pro rata share of such gains of a partially owned entity, (ii) acquisition and transaction related costs and (iii) severance costs. The aggregate of these items, net of amounts attributable to non-controlling interests, was $4.4 million, or $0.02 per diluted share. FFO attributable to Paramount Group, Inc. which includes the impact of these items, was $43.3 million, or $0.20 per diluted share, for the quarter ended March 31, 2015.

Net loss attributable to Paramount Group, Inc. was $9.7 million, or $0.05 per diluted share, for the quarter ended March 31, 2015.

For earnings history and earnings-related data on Paramount Group (PGRE) click here.

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