American Strategic Q2 FFO $(0.74) Up From $(0.88) YoY, Sales $15.78M Miss $16.13M Estimate
Portfolio Pulse from Benzinga Newsdesk
American Strategic (NYSE:NYC) reported Q2 FFO of $(0.74) per share, a 15.91% increase YoY. However, the company's quarterly sales of $15.78 million missed the analyst consensus estimate of $16.13 million by 2.17%, marking a 2.78% decrease YoY.
August 11, 2023 | 10:04 am
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NEGATIVE IMPACT
American Strategic's Q2 FFO improved YoY, but sales missed estimates and decreased YoY.
While the company's FFO improved YoY, the missed sales estimates and YoY decrease could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100