Investor Presentaiton
Impact of Non-Core Assets
(in thousands, except per share amounts)
2023
2023
Assumptions
(1)
Core FFO Adj. for non-
Core FFO
2024
Adj. for non-
As Reported
core assets
As Adjusted
FFO
core assets
2024
Core FFO
Cash NOI
$ 369,500
$
14,700
$ 354,800
$
331,000
1,500
$ 329,500
S/L Rent & FAS 141 Adj.
5,100
2,000
3,100
24,000
2,500
21,500
GAAP NOI
374,600
16,700
357,900
355,000
4,000
351,000
Interest and debt expense
(145,600)
(15,300)
(130,300)
(158,000)
(17,000)
(141,000)
General and administrative expense
(62,000)
(62,000)
(63,500)
(63,500)
Fee, interest & other income, net of taxes
36,100
800
35,300
31,500
31,500
Core FFO (OP Basis)
203,100
2,200
200,900
165,000
(13,000)
178,000
Per Share
$
0.87
$
0.01
$
0.86
$
0.70
$
(0.06) $
0.76
(1) Represents the midpoint of assumptions used in our 2024 Core FFO guidance.
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PARAMOUNT GROUPView entire presentation