Office Props IT Q4 FFO $0.95 Down From $1.13 YoY, Sales $133.77M Beat $133.11M Estimate
Portfolio Pulse from totan@benzinga.com
Office Props IT (OPI) reported a decrease in Q4 FFO to $0.95 per share from $1.13 YoY, but sales increased to $133.77M, beating estimates by 0.50% and marking a 4.57% increase YoY.
February 15, 2024 | 9:24 pm
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NEUTRAL IMPACT
Office Props IT reported a 15.93% decrease in Q4 FFO per share YoY but saw a 4.57% increase in sales, beating estimates.
The decrease in FFO per share indicates a potential concern for profitability, which could negatively impact investor sentiment. However, the increase in sales and beating sales estimates could offset this by suggesting growth potential and operational efficiency. The mixed financial results present a neutral short-term outlook for OPI's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100