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

734,561

734,477

726,380

723,375

724,957

727,295

759,004

730,314

705,779

683,490

614,670

607,305

604,299

590,161

596,352

593,803

584,539

586,530

0

0

0

REVENUES:
Tenant reimbursement income

-

-

-

-

-

-

-

-

-

-

50,603

48,528

47,006

44,943

44,030

46,457

48,186

50,885

0

0

0

Fee and other income

34,216

34,703

35,584

32,868

34,122

31,666

28,300

30,111

29,075

35,477

40,239

41,227

40,354

48,237

46,685

43,215

41,375

24,993

0

0

0

Total revenues

768,777

769,180

761,964

756,243

759,079

758,961

748,543

735,717

722,002

718,967

705,512

697,060

691,659

683,341

687,067

683,475

674,100

662,408

0

0

0

Expenses:
Operating

276,389

274,836

272,324

270,487

270,561

274,078

274,875

273,328

269,143

266,136

260,772

256,533

253,066

250,040

248,699

248,028

245,815

244,754

0

0

0

Depreciation and amortization

246,062

248,347

250,079

251,631

253,781

258,225

262,435

264,340

268,201

266,037

259,118

258,979

257,630

269,450

279,441

283,719

295,853

294,624

0

0

0

General and administrative

63,362

68,556

64,742

62,875

62,375

57,563

61,231

61,249

60,627

61,577

58,799

57,564

53,130

53,510

52,979

46,410

43,404

42,056

0

0

0

Transaction related costs

1,466

1,999

2,312

1,976

2,087

1,471

1,839

1,663

1,872

2,027

1,730

1,738

1,744

2,404

2,248

2,451

10,151

10,355

0

0

0

Total expenses

587,279

593,738

589,457

586,969

588,804

591,337

600,380

600,580

599,843

595,777

580,419

574,814

565,570

575,404

583,367

580,608

595,223

591,789

0

0

0

Other income (expense):
Operating income

-

-

-

-

-

-

-

-

-

-

125,093

122,246

126,089

107,937

103,700

102,867

78,877

70,619

0

0

0

Loss from unconsolidated joint ventures

-7,900

-4,706

-2,278

-474

2,503

3,468

3,973

4,172

18,186

20,185

21,265

22,386

7,854

7,413

7,697

7,363

7,371

6,850

0

0

0

Income from unconsolidated real estate funds

-337

-343

270

-124

-157

-269

-358

-4,100

-6,497

-6,143

-4,011

-1,335

116

-498

5,209

17,396

32,428

37,975

0

0

0

Interest and other (loss) income, net

4,948

9,844

8,934

10,490

10,001

8,117

9,839

-10,607

-10,215

-9,031

-10,077

9,890

8,434

6,934

6,297

2,235

1,717

871

0

0

0

Interest and debt expense

156,374

156,679

149,119

148,899

148,495

147,653

146,190

144,818

142,826

143,762

147,300

149,845

153,037

153,138

154,827

159,370

163,597

168,366

0

0

0

Loss on early extinguishment of debt

-

-

-

-

-

-

-

-

-

-7,877

0

0

0

-

-

-

-

-

-

-

-

Real estate impairment loss

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of real estate

-

-

0

-

-

-

0

-

-

-

-

0

-

-

-

-

-

-

-

-

-

Unrealized gain on interest rate swaps

-

-

-

-

-

-

-

-

-

1,802

11,955

24,683

34,756

39,814

55,924

58,968

70,642

75,760

0

0

0

Income from continuing operations, before income taxes

-31,014

-29,291

31,454

67,112

24,972

22,132

6,272

-66,216

109,634

112,353

118,429

149,529

16,889

3,854

24,000

29,459

27,438

23,709

0

0

0

Income tax expense

-222

312

1,791

4,188

3,800

3,139

3,106

282

1,372

5,177

6,844

8,072

5,704

1,785

-957

-386

2,355

2,566

0

0

0

Income from continuing operations, net

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from discontinued operations, net

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

-31,377

-29,603

31,769

65,030

23,278

18,993

3,166

-66,498

108,262

107,176

111,585

141,457

11,185

2,069

24,957

29,845

25,083

21,143

0

0

0

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

9,742

11,022

10,915

10,577

9,921

8,182

6,184

-10,746

-10,601

-10,365

-5,668

13,252

15,462

15,423

14,557

9,887

8,252

5,459

0

0

0

Consolidated real estate fund

242

313

308

285

384

720

270

298

20,315

19,797

19,698

19,517

-730

-1,316

3,677

11,680

18,290

21,173

0

0

0

Operating Partnership

-4,101

-4,039

1,982

5,155

1,231

944

-324

-5,341

11,425

11,363

10,870

11,928

-479

-2,104

1,263

1,563

-277

-1,070

0

0

0

Net income attributable to common stockholders

-37,260

-36,899

18,564

49,013

11,742

9,147

-2,964

-50,709

87,123

86,381

86,685

96,760

-3,068

-9,934

5,460

6,715

-1,182

-4,419

0

0

0

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