Paramount Group (PGRE) Misses Q4 FFO by 2c

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Paramount Announces Fourth Quarter 2016 Results

February 22, 2017 4:15 PM EST

Initiates Guidance for Full Year 2017

NEW YORK--(BUSINESS WIRE)-- Paramount Group, Inc. (NYSE: PGRE) (Paramount or the Company) filed its Annual Report on Form 10-K for the year ended December 31, 2016 today and reported results for the quarter ended December 31, 2016.

Fourth Quarter Highlights:

Net loss attributable to common stockholders was $6.5 million, or $0.03 per diluted share, for the quarter ended December 31, 2016, compared to net income attributable to common stockholders of $8.9 million, or $0.04 per diluted share, for the quarter ended December 31, 2015. Core Funds from Operations (Core FFO)... More