NYSE$PGRE

Paramount Group Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Paramount Group reported results for the first quarter ended March 31, 2021.

Paramount Group reported a net loss attributable to common stockholders of $3.6 million, or $0.02 per diluted share. Core Funds from Operations (FFO) attributable to common stockholders was $50.6 million, or $0.23 per diluted share. Same Store Cash Net Operating Income (NOI) decreased by 2.6%, and Same Store NOI decreased by 7.5%.

  • Net loss attributable to common stockholders was $3.6 million, or $0.02 per diluted share.
  • Core Funds from Operations (FFO) attributable to common stockholders was $50.6 million, or $0.23 per diluted share.
  • Same Store Cash Net Operating Income (NOI) decreased by 2.6%.
  • Same Store NOI decreased by 7.5%.

Headline financials

Total Revenue

$181M

Previous: $184M-1.5%
EPS (adj)

$0.23

Previous: $0.27-14.8%
Same Store NOI Decrease

7.5%

No prior period
Leased Occupancy

88.6%

Previous: 95.9%-7.6%
Capital Expenditures

-$19.3M

Previous: -$30.5M+36.5%
Free Cash Flow

$39M

Previous: -$3.5M+1214.0%
Net Income

-$3.58M

Previous: $3.35M-206.9%
Operating Income

$41.6M

Previous: $46.1M-9.8%
Gross Profit

$115M

Previous: $117M-2.1%
Cash & Equivalents

$465M

Previous: $378M+23.0%
Total Assets

$8.57B

Previous: $8.75B-2.1%
Stock-Based Comp

$5.49M

Previous: $5.4M+1.6%

Revenue & EPS history

Paramount · Revenue · Quarterly

$181M

Q1 2021-1.5%vs Q1 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Paramount · $181M total across 2 segments · Q1 2021

  • Rental Revenue
    $173M
  • Fee and Other Income
    $8.02M

Forward guidance

The Company is reaffirming its Estimated 2021 Core FFO Guidance to be between $0.82 to $0.88 per diluted share. The Company estimates that net loss attributable to common stockholders will be between $0.16 to $0.10 per diluted share.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 16 quarterly earnings reports

Historical avg

+0.2%

Avg return

Earnings day

+1.5%

Avg return

5 days after

+2.1%

Avg return

30 days after

52%

23 / 44 earnings

Positive

+8.9%

Q3 2023

Best reaction

-6.9%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025
Q3 2025+0.2%+0.5%+0.9%
Q2 2025+1.8%+6.8%+19.8%
Q1 2025+7.2%+7.9%+41.4%
Q4 2024-2.0%-5.4%-7.4%
Q3 2024-2.6%-0.6%-1.8%
Q2 2024-2.1%-12.0%-2.5%
Q1 2024+3.4%+4.3%-2.1%
Q4 2023+7.1%+7.3%+2.0%
Q3 2023+8.9%+10.1%+9.8%
Q2 2023-6.9%-6.9%-0.8%
Q1 2023+6.4%+5.7%+6.6%
Q4 2022-3.1%-4.8%-28.9%
Q3 2022-4.5%-3.9%-5.6%
Q2 2022+1.1%+4.7%-3.9%
Q1 2022-1.8%-6.0%-9.2%
Q4 2021-3.7%+16.7%+15.1%
Q3 2021-4.0%
Q2 2021-0.9%
Q1 2021+1.0%
Q4 2020+0.2%
Q3 2020-3.4%
Q2 2020-1.4%
Q1 2020+7.5%
Q4 2019+1.9%
Q3 2019+2.9%
Q2 2019-2.2%
Q1 2019+0.0%
Q4 2018-2.1%
Q3 2018+0.8%
Q2 2018-1.4%
Q1 2018+1.3%
Q4 2017+0.4%
Q3 2017+0.5%
Q2 2017+1.0%
Q1 2017+1.0%
Q4 2016-1.4%
Q3 2016-3.1%
Q2 2016+1.2%
Q1 2016-0.5%
Q4 2015-1.0%
Q3 2015+0.9%
Q2 2015-1.0%
Q1 2015+1.0%
Q4 2014+1.0%
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro