Diamondrock Hospitality Q4 FFO $0.18 Down From $0.23 YoY, Sales $263.55M Beat $261.45M Estimate
Portfolio Pulse from saritha@benzinga.com
Diamondrock Hospitality (NYSE:DRH) reported a decrease in Q4 FFO to $0.18 per share from $0.23 YoY, but sales increased to $263.55M, beating estimates of $261.45M.
February 22, 2024 | 9:13 pm
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NEUTRAL IMPACT
Diamondrock Hospitality reported a decrease in Q4 FFO to $0.18 per share from $0.23 YoY, but sales increased to $263.55M, 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 suggest operational strength and could offset negative perceptions. The mixed results lead to a neutral short-term impact score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100