Paramount Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 01, 2023 at 04:23 pm EDT
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Paramount Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 182.52 million compared to USD 179.25 million a year ago. Revenue was USD 189.18 million compared to USD 187.15 million a year ago. Net loss was USD 8.39 million compared to USD 1.54 million a year ago. Basic loss per share from continuing operations was USD 0.04 compared to USD 0.01 a year ago. Diluted loss per share from continuing operations was USD 0.04 compared to USD 0.01 a year ago.
For the nine months, sales was USD 529.73 million compared to USD 526.42 million a year ago. Revenue was USD 550.32 million compared to USD 556.35 million a year ago. Net loss was USD 54.19 million compared to net income of USD 1.47 million a year ago. Basic loss per share from continuing operations was USD 0.25 compared to basic earnings per share from continuing operations of USD 0.01 a year ago. Diluted loss per share from continuing operations was USD 0.25 compared to diluted earnings per share from continuing operations of USD 0.01 a year ago.
Paramount Group, Inc. specializes in the holding and management of Class A office buildings in the United States.
At the end of 2022, the group's real estate portfolio, with a total rental area of 1,282,062 m2, amounted to USD 6.8 billion in market value.