Paramount Group Q1 2024 FFO $0.22 Beats $0.20 Estimate, Sales $188.877M Beat $183.329M Estimate
Portfolio Pulse from Benzinga Newsdesk
Paramount Group (NYSE:PGRE) reported Q1 2024 FFO of $0.22 per share, surpassing the $0.20 estimate, and sales of $188.877M, exceeding the $183.329M forecast. This represents a 15.38% decrease in earnings per share and a 0.21% increase in sales compared to the same period last year.
May 01, 2024 | 9:51 pm
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Paramount Group reported a Q1 2024 FFO of $0.22 per share, beating estimates, with sales of $188.877M also surpassing expectations.
Beating both FFO and sales estimates typically generates positive investor sentiment, likely leading to a short-term uptick in stock price. However, the year-over-year decrease in earnings per share might temper some of the positive momentum.
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