Riocan REIT Q3 FFO $0.45 Up From $0.44 YoY, Sales $271.41M Miss $289.70M Estimate
Portfolio Pulse from totan@benzinga.com
Riocan REIT reported Q3 earnings of $0.45 per share, a 2.27% increase YoY, but missed sales estimates by 6.31%, reporting $271.41M against the expected $289.70M. This represents an 11.09% decrease in sales compared to the same period last year.
November 02, 2023 | 10:09 pm
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Riocan REIT's Q3 earnings increased YoY but sales missed estimates and decreased compared to last year.
Riocan REIT's earnings have increased compared to last year, which is a positive sign. However, the company missed sales estimates by 6.31% and reported a decrease in sales compared to the same period last year. This could negatively impact the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100