Camden Prop Trust Q4 Core AFFO $1.44, Sales $387.59M Beats $387.32M Estimate
Portfolio Pulse from Benzinga Newsdesk
Camden Prop Trust (CPT) reported Q4 core AFFO of $1.44 per share, missing the consensus estimate of $1.72 by 16.28%. Quarterly sales were $387.59M, slightly missing the estimate of $387.32M. This represents a 100% increase over the same period last year's sales of $375.91M.
February 01, 2024 | 9:16 pm
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Camden Prop Trust reported lower-than-expected Q4 earnings and a slight miss on sales estimates, with a significant year-over-year sales increase.
Missing the earnings per share (EPS) estimate by 16.28% and barely missing sales estimates could lead to negative investor sentiment in the short term, despite the year-over-year sales growth. Typically, earnings misses can result in stock price declines as they may signal operational or market challenges.
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