Modiv Q2 AFFO Per Share $0.31 Down From $0.35 YoY, Sales $11.84M Up From $10.14M YoY
Portfolio Pulse from Benzinga Newsdesk
Modiv (NYSE:MDV) reported a decrease in its Q2 AFFO per share from $0.35 last year to $0.31 this year, marking an 11.43% decrease. However, the company's sales increased from $10.14 million to $11.84 million over the same period.
August 14, 2023 | 12:39 pm
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NEUTRAL IMPACT
Modiv's Q2 earnings show a decrease in AFFO per share but an increase in sales compared to the same period last year.
Modiv's decrease in AFFO per share indicates a potential decrease in profitability, which could negatively impact the stock price. However, the increase in sales suggests a positive growth in the company's operations, which could offset the negative impact of the decrease in AFFO per share. Therefore, the overall short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100