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Paramount Group increases FY'19 outlook with Q2 results

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Paramount Group increases FY'19 outlook with Q2 results

Paramount Group Inc. in its second-quarter earnings results said it increased its full-year 2019 guidance for core funds from operations to the range of 93 cents to 97 cents per share from an earlier per-share range of 90 cents to 94 cents.

For the full year, the S&P Global Market Intelligence consensus FFO-per-share estimate is 93 cents, with five analysts reporting.

Separately, the office real estate investment trust disclosed more than 262,000 square feet of leasing across nine floors of the newly rebranded 24-story 300 Mission St. office tower in San Francisco.

Of the total leased space, 117,700 square feet was leased to Autodesk Inc.; 116,700 square feet to Glassdoor Inc.; and 28,000 square feet to Maplebear Inc.