Brixmor Property Group Q3 Nareit FFO Per Share $0.50 Up From $0.49 YoY, Sales $307.31M Miss $307.68M Estimate
Portfolio Pulse from Benzinga Newsdesk
Brixmor Property Group (NYSE:BRX) reported Q3 Nareit FFO per share of $0.50, a 2.04% increase YoY. However, the company's quarterly sales of $307.31M missed the analyst consensus estimate of $307.68M by 0.12%, though it's a 0.84% increase over sales of $304.75M the same period last year.
October 30, 2023 | 8:16 pm
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Brixmor Property Group's Q3 results show a YoY increase in Nareit FFO per share but a slight miss in sales estimates.
Brixmor Property Group's Q3 results show a mixed picture. While the YoY increase in Nareit FFO per share is a positive sign, the slight miss in sales estimates could be a concern for investors. This could potentially lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100