LTC Properties Q4 FFO $0.57 Down From $0.72 YoY, Sales $50.20M Beat $49.69M Estimate
Portfolio Pulse from totan@benzinga.com
LTC Properties reported a decrease in Q4 FFO to $0.57 per share from $0.72 YoY, but sales increased to $50.20M, beating the $49.69M estimate.
February 15, 2024 | 9:20 pm
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NEUTRAL IMPACT
LTC Properties reported a decrease in Q4 FFO to $0.57 per share from $0.72 YoY, but sales increased to $50.20M, beating the $49.69M estimate.
The decrease in FFO per share indicates a potential negative impact on the stock price due to reduced earnings. However, the increase in sales and beating sales estimates could offset this negative impact by demonstrating the company's ability to grow revenue. The mixed results lead to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100