JBG SMITH Props Q4 2023 FFO $0.38 Beats $0.29 Estimate, Sales $147.58M Beat $120.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
JBG SMITH Props (NYSE:JBGS) reported Q4 2023 FFO of $0.38 per share, surpassing the $0.29 estimate, and sales of $147.58M, exceeding the $120.70M estimate. This represents a 26.67% increase in earnings and a 2.10% decrease in sales from the same period last year.
February 20, 2024 | 9:35 pm
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JBG SMITH Props reported a significant beat on both FFO and sales estimates for Q4 2023, with FFO per share at $0.38 against a $0.29 estimate and sales of $147.58M against a $120.70M estimate.
Beating both FFO and sales estimates significantly, especially by 31.03% for FFO, indicates strong operational performance and efficiency. This outperformance, particularly in a period of economic uncertainty, is likely to instill investor confidence and could lead to a positive short-term impact on JBGS's stock price. The year-over-year increase in earnings further underscores the company's growth trajectory, making this news highly relevant and important for investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100