Alexander's Q2 FFO per share $3.55 Down From $4.32 YoY, Sales $53.67M Beat $52.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alexander's (NYSE:ALX) reported a decrease in Q2 FFO per share from $4.32 last year to $3.55 this year, a 17.82% decrease. However, the company beat sales estimates with $53.67M, a 1.46% increase over the consensus estimate of $52.90M and a 7.73% increase YoY.
July 31, 2023 | 12:54 pm
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NEUTRAL IMPACT
Alexander's reported a decrease in Q2 FFO per share, but beat sales estimates. This mixed result could lead to uncertain market reactions.
The decrease in FFO per share indicates a potential decrease in profitability, which could negatively impact the stock price. However, the beat on sales estimates could offset this negative impact as it indicates stronger than expected revenue growth. The net impact on the stock price is uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100