Elme Communities Q4 FFO $0.24, Same YoY, Sales $58.85M Beat $58.63M Estimate
Portfolio Pulse from totan@benzinga.com
Elme Communities (NYSE:ELME) reported Q4 FFO of $0.24 per share, unchanged YoY, with sales of $58.85M beating the $58.63M estimate, a 5.86% increase from last year.
February 15, 2024 | 9:22 pm
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Elme Communities reported stable Q4 FFO per share at $0.24, with a slight beat on sales estimates, showing a 5.86% increase from the previous year.
The stable FFO per share indicates financial stability, while the sales beat and year-over-year growth suggest operational strength. This combination is likely to be viewed positively by investors, potentially leading to a short-term uptick in ELME's stock price.
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