Paramount Group (PGRE) Posts Q1 FFO of $0.18

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Go back to Paramount Group (PGRE) Posts Q1 FFO of $0.18

Paramount Group, Inc. Announces First Quarter 2015 Results

May 7, 2015 4:01 PM EDT

Reports Core FFO of $0.18 per Diluted Share

NEW YORK--(BUSINESS WIRE)-- Paramount Group, Inc. (NYSE: PGRE) (the Company), today reported results for the quarter ended March 31, 2015.

First Quarter Highlights:

Reported Core Funds from Operations (Core FFO) attributable to Paramount Group, Inc. of $39.0 million, or $0.18 per diluted share, for the quarter ended March 31, 2015. Leased 155,828 square feet at a weighted average initial rent of $75.70 per square foot. Manhattan leased percentage increased to 95.5% at March 31, 2015, up 110 basis points from December 31, 2014. Portfolio leased percentage... More