Investor Presentaiton
Reconciliation of Non-GAAP Measures
(unaudited and in thousands)
SAME STORE CASH NOI
(1)
SAME STORE RESULTS - CASH NOI
Three Months Ended December 31, 2023
Total
New York
San Francisco
Other
PGRE's share of Cash NOI for the three months ended December 31, 2023
Lease termination income
87,805
$
61,918
$
26,657
$
(770)
Redevelopment and other, net
(766)
1,969
(766)
1,075
124
770
PGRE's share of Same Store Cash NOI for the three months ended
December 31, 2023
$
89,008
$
62,227
$
26,781
$
Total
Three Months Ended December 31, 2022
New York
San Francisco
Other
PGRE's share of Cash NOI for the three months ended December 31, 2022
Redevelopment and other, net
95,504
1,266
$
68,998
118
(2)
27,646
8
(1,140)
1,140
PGRE's share of Same Store Cash NOI for the three months ended
December 31, 2022
$
96,770
$
69,116
$
27,654 $
Decrease in PGRE's share of Same Store Cash NOI
% Decrease
(7,762)
(8.0%)
$
(6,889)
(10.0%)
$
(873)
(3.2%)
(1) Please see Appendix for our definition of this measure.
(2) Includes our share of Cash NOI attributable to 60 Wall Street, which has been taken "out-of-service" for redevelopment.
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