Realty Income Q4 AFFO Per Share $1.01 Misses $1.04 Estimate, Sales $1.08B Beat $1.02B Estimate
Portfolio Pulse from Benzinga Newsdesk
Realty Income (NYSE:O) reported its Q4 AFFO per share at $1.01, missing the consensus estimate of $1.04 by 2.88%. However, its quarterly sales of $1.08 billion exceeded expectations by 5.18%, marking a 21.08% increase from the previous year.
February 20, 2024 | 9:17 pm
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NEUTRAL IMPACT
Realty Income's Q4 AFFO per share missed estimates by 2.88%, but its sales exceeded expectations, showing significant year-over-year growth.
The miss in AFFO per share might concern some investors, potentially putting downward pressure on the stock. However, the significant beat in sales and year-over-year growth could offset concerns, suggesting a neutral short-term impact.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100