SITE Centers Q4 FFO $0.26 Down From $0.29 YoY, Sales $123.16M Miss $129.52M Estimate
Portfolio Pulse from saritha@benzinga.com
SITE Centers (NYSE:SITC) reported a decrease in Q4 FFO to $0.26 per share from $0.29 YoY and missed sales estimates with $123.16M against the expected $129.52M. This represents a 10.34% decrease in earnings and a 9.73% decrease in sales compared to the same period last year.
February 13, 2024 | 11:32 am
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SITE Centers reported a decrease in Q4 FFO to $0.26 per share from $0.29 YoY and missed sales estimates with $123.16M against the expected $129.52M.
The reported decrease in both FFO per share and sales, along with missing the sales estimates, is likely to negatively impact investor sentiment and could lead to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100