SITE Centers Q2 Operating FFO Per Share $0.29 Vs $0.31 Prior Year, Sales $136.38M Beat $136.16M Estimate
Portfolio Pulse from Benzinga Newsdesk
SITE Centers (NYSE:SITC) reported Q2 Operating FFO per share of $0.29, down from $0.31 last year. However, the company's quarterly sales of $136.38 million beat the analyst consensus estimate of $136.16 million by 0.16 percent, despite being a 0.54 percent decrease from the same period last year.
July 25, 2023 | 10:32 am
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NEUTRAL IMPACT
SITE Centers reported a decrease in Q2 Operating FFO per share but beat sales estimates.
While the decrease in Operating FFO per share might negatively impact the stock, the fact that sales beat estimates could offset this. The net impact is likely to be neutral in the short term.
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IMPORTANCE 80
RELEVANCE 100