Paramount Group Q4 FFO $0.21 Down From $0.25 YoY, Sales $192.47M Beat $176.98M Estimate
Portfolio Pulse from Benzinga Newsdesk
Paramount Group (NYSE:PGRE) reported a decrease in Q4 FFO to $0.21 per share from $0.25 YoY, but sales increased to $192.47M, beating the $176.98M estimate.
February 14, 2024 | 9:31 pm
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Paramount Group's Q4 FFO decreased to $0.21 per share from $0.25 YoY, but sales rose to $192.47M, exceeding estimates.
The decrease in FFO per share indicates a potential concern for investors focusing on earnings, possibly leading to a negative short-term impact on the stock price. However, the significant beat on sales estimates and year-over-year sales growth could offset this negative perception, suggesting a neutral short-term impact. The mixed financial results make the overall short-term price direction uncertain.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100