Vesta Real Estate Q2 FFO $0.01 Down From $0.02 YoY, Sales $51.92M Up From $43.10M YoY
Portfolio Pulse from totan@benzinga.com
Vesta Real Estate (NYSE:VTMX) reported Q2 earnings of $0.01 per share, a 22.22% decrease YoY. However, the company's sales increased by 20.48% to $51.92 million compared to $43.10 million in the same period last year.
July 20, 2023 | 9:30 pm
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NEUTRAL IMPACT
Vesta Real Estate's Q2 earnings decreased by 22.22% YoY, but sales increased by 20.48%.
Vesta Real Estate's earnings have decreased compared to the same period last year, which could negatively impact the stock. However, the increase in sales could offset this negative impact, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100