Centerspace Q4 2023 FFO $1.22 Beats $1.11 Estimate, Sales $64.07M Beat $63.99M Estimate
Portfolio Pulse from Benzinga Newsdesk
Centerspace (NYSE:CSR) reported Q4 2023 FFO of $1.22 per share, surpassing the $1.11 estimate, and sales of $64.07M, slightly above the $63.99M estimate. However, this represents a 5.57% decrease in sales compared to the same period last year.
February 20, 2024 | 9:38 pm
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POSITIVE IMPACT
Centerspace reported higher-than-expected Q4 2023 FFO and sales, but experienced a year-over-year decrease in sales.
The positive earnings surprise, with FFO and sales exceeding analyst expectations, is likely to be viewed favorably by investors in the short term, potentially leading to an uptick in CSR's stock price. However, the year-over-year decrease in sales might temper some of the enthusiasm, suggesting a mixed but overall positive short-term impact.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100