Paramount Announces Third Quarter 2018 Results
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Paramount Group (PGRE) Tops Q3 EPS by 12c, Revenues Beat; Lifts FY18 EPS Outlook
November 5, 2018 8:31 AM ESTParamount Group (NYSE: PGRE) reported Q3 EPS of $0.16, $0.12 better than the analyst estimate of $0.04. Revenue for the quarter came in at $192.6 million versus the consensus estimate of $191.93 million.
Reported net income attributable to common stockholders of $37.5 million, or $0.16 per diluted share, for the quarter ended September 30, 2018, compared to a net loss of $10.2 million, or $0.04 per diluted share, for the quarter ended September 30, 2017. Net income attributable to common stockholders for the quarter ended September 30, 2018 includes $32.2 million, or $0.13 per diluted share, of gain on sale of real estate, net of sting taxes.Reported Core Funds... More