American Strategic Q3 Core FFO $(0.48) Up From $(1.12) YoY, Sales $16.02M Miss $16.39M Estimate
Portfolio Pulse from totan@benzinga.com
American Strategic (NYSE:NYC) reported Q3 core FFO of $(0.48) per share, a 57.14% increase YoY. However, the company's quarterly sales of $16.02M missed the analyst consensus estimate of $16.39M by 2.29%.
November 09, 2023 | 11:01 am
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American Strategic's Q3 results showed an improvement in core FFO YoY, but sales missed estimates.
American Strategic's Q3 results showed a significant improvement in core FFO compared to the same period last year, which is a positive sign. However, the company's sales missed the analyst consensus estimate, which could negatively impact investor sentiment. The net effect on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100