Advertisement
UK markets closed
  • FTSE 100

    8,317.59
    -21.64 (-0.26%)
     
  • FTSE 250

    20,770.93
    +139.63 (+0.68%)
     
  • AIM

    810.02
    +5.00 (+0.62%)
     
  • GBP/EUR

    1.1758
    +0.0021 (+0.18%)
     
  • GBP/USD

    1.2771
    +0.0032 (+0.25%)
     
  • Bitcoin GBP

    54,504.14
    +755.22 (+1.41%)
     
  • CMC Crypto 200

    1,498.74
    +14.54 (+0.98%)
     
  • S&P 500

    5,304.72
    +36.88 (+0.70%)
     
  • DOW

    39,069.59
    +4.29 (+0.01%)
     
  • CRUDE OIL

    78.54
    +0.82 (+1.06%)
     
  • GOLD FUTURES

    2,354.90
    +20.40 (+0.87%)
     
  • NIKKEI 225

    38,900.02
    +253.91 (+0.66%)
     
  • HANG SENG

    18,827.35
    +218.41 (+1.17%)
     
  • DAX

    18,774.71
    +81.34 (+0.44%)
     
  • CAC 40

    8,132.49
    +37.52 (+0.46%)
     

Paramount Group: Q1 Earnings Snapshot

NEW YORK (AP) — NEW YORK (AP) — Paramount Group Inc. (PGRE) on Wednesday reported a key measure of profitability in its first quarter.

The New York-based real estate investment trust said it had funds from operations of $47.9 million, or 22 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $9.9 million, or 5 cents per share.

The real estate investment trust that owns office buildings, based in New York, posted revenue of $188.9 million in the period.

ADVERTISEMENT

Paramount Group expects full-year funds from operations in the range of 75 cents to 81 cents per share.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PGRE at https://www.zacks.com/ap/PGRE