Paramount group, inc. (PGRE)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15
Rental revenue

175,425

189,917

188,079

181,140

175,341

181,820

185,074

182,722

177,679

213,529

156,384

158,187

155,390

144,709

149,019

155,181

141,252

150,900

146,470

145,917

143,243

REVENUES:
Tenant reimbursement income

-

-

-

-

-

-

-

-

-

-

14,053

11,856

12,852

11,842

11,978

10,334

10,789

10,929

14,405

12,063

13,488

Fee and other income

8,561

7,974

10,238

7,443

9,048

8,855

7,522

8,697

6,592

5,489

9,333

7,661

12,994

10,251

10,321

6,788

20,877

8,699

6,851

4,948

4,495

Total revenues

183,986

197,891

198,317

188,583

184,389

190,675

192,596

191,419

184,271

180,257

179,770

177,704

181,236

166,802

171,318

172,303

172,918

170,528

167,726

162,928

161,226

Expenses:
Operating

67,014

70,155

71,648

67,572

65,461

67,643

69,811

67,646

68,978

68,440

68,264

63,461

65,971

63,076

64,025

59,994

62,945

61,735

63,354

57,781

61,884

Depreciation and amortization

58,427

61,952

63,058

62,625

60,712

63,684

64,610

64,775

65,156

67,894

66,515

68,636

62,992

60,975

66,376

67,287

74,812

70,966

70,654

79,421

73,583

General and administrative

12,249

17,099

16,319

17,695

17,443

13,285

14,452

17,195

12,631

16,953

14,470

16,573

13,581

14,175

13,235

12,139

13,961

13,644

6,666

9,133

12,613

Transaction related costs

203

295

786

182

736

608

450

293

120

976

274

502

275

679

282

508

935

523

485

8,208

1,139

Total expenses

137,893

149,501

151,811

148,074

144,352

145,220

149,323

149,909

146,885

154,263

149,523

149,172

142,819

138,905

143,918

139,928

152,653

146,868

141,159

154,543

149,219

Other income (expense):
Operating income

-

-

-

-

-

-

-

-

-

-

30,247

28,532

38,417

27,897

27,400

32,375

20,265

23,660

26,567

8,385

12,007

Loss from unconsolidated joint ventures

-4,221

-1,891

-1,332

-456

-1,027

537

472

2,521

-62

1,042

671

16,535

1,937

2,122

1,792

2,003

1,496

2,406

1,458

2,011

975

Income from unconsolidated real estate funds

52

-614

206

19

46

-1

-188

-14

-66

-90

-3,930

-2,411

288

2,042

-1,254

-960

-326

7,749

10,933

14,072

5,221

Interest and other (loss) income, net

-996

2,139

1,222

2,583

3,900

1,229

2,778

2,094

2,016

2,951

-17,668

2,486

3,200

1,905

2,299

1,030

1,700

1,268

-1,763

512

854

Interest and debt expense

36,619

45,217

37,325

37,213

36,924

37,657

37,105

36,809

36,082

36,194

35,733

34,817

37,018

39,732

38,278

38,009

37,119

41,421

42,821

42,236

41,888

Loss on early extinguishment of debt

-

-

-

-

-

-

-

-

-

0

0

-5,162

-2,715

-

-

-

-

-

-

-

-

Real estate impairment loss

-

-

-

-

-

-

-

46,000

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of real estate

-

-

1,140

-

-

-

36,845

-

-

-

-

133,989

-

-

-

-

-

-

-

-

-

Unrealized gain on interest rate swaps

-

-

-

-

-

-

-

-

-

0

0

0

1,802

10,153

12,728

10,073

6,860

26,263

15,772

21,747

11,978

Income from continuing operations, before income taxes

4,309

-51,182

10,417

5,442

6,032

9,563

46,075

-36,698

3,192

-6,297

-26,413

139,152

5,911

-221

4,687

6,512

-7,124

19,925

10,146

4,491

-10,853

Income tax expense

604

-511

-583

268

1,138

968

1,814

-120

477

935

-1,010

970

4,282

2,602

218

-1,398

363

-140

789

1,343

574

Income from continuing operations, net

3,705

-

-

-

4,894

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from discontinued operations, net

1,521

-

-

-

2,106

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

5,226

-52,777

11,000

5,174

7,000

8,595

44,261

-36,578

2,715

-7,232

-25,403

138,182

1,629

-2,823

4,469

7,910

-7,487

20,065

9,357

3,148

-11,427

Less net (income) loss attributable to noncontrolling interests in:
Consolidated joint ventures

1,514

2,769

3,051

2,408

2,794

2,662

2,713

1,752

1,055

664

-14,217

1,897

1,291

5,361

4,703

4,107

1,252

4,495

33

2,472

-1,541

Consolidated real estate fund

23

57

109

53

94

52

86

152

430

-398

114

20,169

-88

-497

-67

-78

-674

4,496

7,936

6,532

2,209

Operating Partnership

341

-5,458

758

258

403

563

3,931

-3,666

116

-705

-1,086

13,100

54

-1,198

-28

693

-1,571

2,169

272

-1,147

-2,364

Net income attributable to common stockholders

3,348

-50,145

7,082

2,455

3,709

5,318

37,531

-34,816

1,114

-6,793

-10,214

103,016

372

-6,489

-139

3,188

-6,494

8,905

1,116

-4,709

-9,731

Income per Common Share - Basic:
Income from continuing operations, net

0.01

-

-

-

0.01

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from discontinued operations, net

0.00

-

-

-

0.01

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income per common share

0.01

-0.22

0.03

0.01

0.02

0.02

0.16

-0.14

0.00

-0.03

-0.04

0.44

0.00

-0.03

0.00

0.01

-0.03

0.04

0.01

-0.02

-0.05

Weighted average common shares outstanding

227,769

227,205

231,198

234,330

233,419

237,012

240,448

240,336

240,311

240,131

239,445

234,990

230,924

223,292

219,394

217,121

212,403

212,106

212,106

212,106

212,106

Income per Common Share - Diluted:
Income from continuing operations, net

0.01

-

-

-

0.01

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from discontinued operations, net

0.00

-

-

-

0.01

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income per common share

0.01

-0.22

0.03

0.01

0.02

0.02

0.16

-0.14

0.00

-0.03

-0.04

0.44

0.00

-0.03

0.00

0.01

-0.03

0.04

0.01

-0.02

-0.05

Weighted average common shares outstanding

227,805

227,108

231,230

234,356

233,458

237,060

240,489

240,336

240,338

240,192

239,445

235,010

230,958

223,276

219,394

217,137

212,403

212,105

212,108

212,106

212,106

DIVIDENDS PER COMMON SHARE

-

-

-

-

-

-

-

-

-

-

-

0.09

0.09

-

0.09

0.09

0.09

0.09

0.09

0.09

0.13