Paramount Group (PGRE) Tops Q2 FFO by 3c

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Paramount Announces Second Quarter 2016 Results

August 4, 2016 4:15 PM EDT

- Raises Guidance for Full Year 2016 -

NEW YORK--(BUSINESS WIRE)-- Paramount Group, Inc. (NYSE: PGRE) (Paramount or the Company) filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2016 today and reported results for the quarter ended June 30, 2016.

Second Quarter Highlights:

Net income attributable to common stockholders was $3.2 million, or $0.01 per diluted share, for the quarter ended June 30, 2016, compared to a net loss of $4.7 million, or $0.02 per diluted share, for the quarter ended June 30, 2015. Core Funds from Operations (Core FFO)... More