Paramount Group (PGRE) Tops Q2 EPS by 4c

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Paramount Announces Second Quarter 2015 Results and Issues Guidance for Full Year 2015

August 6, 2015 4:01 PM EDT

Reports Core FFO of $0.22 per Diluted Share

NEW YORK--(BUSINESS WIRE)-- Paramount Group, Inc. (NYSE: PGRE) (the Company) today reported results for the quarter ended June 30, 2015.

Second Quarter Highlights:

Reported Core Funds from Operations (Core FFO) attributable to Paramount Group, Inc. of $46.3 million, or $0.22 per diluted share, for the quarter ended June 30, 2015, including $4.7 million, or $0.02 per diluted share, of carried interest from fund investments. Leased 199,972 square feet at a weighted average initial rent of $71.84 per square foot, of which 138,232 square feet... More