Paramount Group Q3 2023 Core FFO $0.22 Down From $0.24 YoY, Sales $189.18M Beat $182.27M Estimate
Portfolio Pulse from totan@benzinga.com
Paramount Group (NYSE:PGRE) reported Q3 2023 core FFO of $0.22 per share, down 8.33% YoY. However, the company's quarterly sales of $189.18M beat the analyst consensus estimate of $182.27M by 3.79%, marking a 1.09% increase over the same period last year.
November 01, 2023 | 8:56 pm
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NEUTRAL IMPACT
Paramount Group's Q3 2023 earnings report shows a decrease in core FFO but an increase in sales, beating estimates.
Paramount Group's core FFO has decreased by 8.33% YoY, which could negatively impact the stock. However, the company's sales have increased and beat analyst estimates, which could offset the negative impact of the decrease in FFO. Therefore, the short-term impact on the stock is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100