Vesta Real Estate Q4 2023 FFO $0.04, Inline, Total Revenues Minus Energy $54.00M vs $57.43M Estimate
Portfolio Pulse from Benzinga Newsdesk
Vesta Real Estate (VTMX) reported Q4 2023 FFO of $0.04 per share, meeting analyst estimates. However, its quarterly sales of $54.00 million fell short of the $57.43 million estimate by 5.97%.
February 21, 2024 | 10:05 pm
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Vesta Real Estate's Q4 2023 FFO per share matched expectations, but its sales were below analyst forecasts by nearly 6%.
Meeting FFO estimates is positive, but missing revenue forecasts by a significant margin could lead to negative investor sentiment in the short term. The revenue miss is likely to be the more impactful piece of news, as it suggests potential underlying issues with sales or market demand.
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