Earnings Forecasts in Focus: Paramount Group Remains Optimistic

The Paramount Group published a key profitability metric in the third quarter. The New York-based real estate investment company reported cash inflows from operations amounting to $40.5 million, or 19 cents per share. This metric is of particular interest in the Real Estate Investment Trusts (REITs) sector as it represents net income adjusted for depreciation and amortization. Despite these positive operational cash inflows, the company recorded a loss of $9.7 million, or 4 cents per share. Meanwhile, revenues for the reporting period amounted to $194.9 million. For the full year, the Paramount Group remains optimistic and expects operational cash inflows in the range of 78 to 80 cents per share.