Investor Presentaiton
2024 Key Guidance Assumptions
LEASING ACTIVITY
650,000 900,000 square feet
SAME STORE POOL
Removed Non-Core Assets
111 Sutter Street
Market Center
SAME STORE NOI
Cash
(6.0%) - (4.0%)
GAAP
(4.5%)-(2.5%)
CORE FFO COMPOSITION
SAME STORE LEASED %
Cash NOI
$1.40
S/L & FAS 141 Adj.
0.09
2023 YE, as reported
87.7%
GAAP NOI
1.49
2023 YE, as adjusted
90.1%(1)
Fee, int. & other income
0.14
2024 YE Guidance
87.1% (2)
Int. & debt expense
(0.60)
(300 bps)
General &Admin.
Core FFO (at midpoint)
(0.27)
$0.76(3)
(1)
Adjusted to exclude the impact of assets removed from the same store pool as of January 1, 2024.
(2) Represents the midpoint of 2024 year-end Same Store Leased % guidance range of 86.1% - 88.1%, at share.
(3)
Represents the midpoint of 2024 Core FFO/share guidance range of $0.73 - $0.79.
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PARAMOUNT GROUPView entire presentation