City Office REIT Q3 Core FFO Per Share $0.34 Down From $0.39 YoY, Sales $44.21M Beat $43.97M Estimate
Portfolio Pulse from Benzinga Newsdesk
City Office REIT (NYSE:CIO) reported Q3 earnings of $0.34 per share, a decrease of 12.82% YoY. However, the company's quarterly sales of $44.21 million beat the analyst consensus estimate of $43.97 million by 0.55%, despite being a 2.87% decrease from the same period last year.
November 09, 2023 | 11:02 am
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NEUTRAL IMPACT
City Office REIT's Q3 earnings per share decreased by 12.82% YoY, but sales beat estimates by 0.55%.
While City Office REIT's earnings per share decreased, the company managed to beat sales estimates. This mixed result could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100