Piedmont Office Realty Q4 2023 FFO $0.41, Inline, Sales $145.33M Miss $146.14M Estimate
Portfolio Pulse from Benzinga Newsdesk
Piedmont Office Realty (NYSE:PDM) reported Q4 2023 FFO of $0.41 per share, meeting analyst estimates, but missed sales expectations with $145.33M against a $146.14M estimate, marking a 1.28% decrease from the previous year.
February 07, 2024 | 9:35 pm
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Piedmont Office Realty reported Q4 2023 FFO per share of $0.41, aligning with estimates, but its sales of $145.33M fell short of the $146.14M forecast, a 1.28% YOY decrease.
Meeting FFO estimates indicates stable financial performance, but missing sales forecasts, even slightly, could concern investors. The slight miss in sales forecasts and a year-over-year decrease in sales might lead to a neutral short-term impact on PDM's stock price, as the earnings per share met expectations, balancing out the negative sales report.
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