Easterly Government Props Q4 FFO $0.28, Inline, Sales $72.62M Miss $73.60M Estimate
Portfolio Pulse from Benzinga Newsdesk
Easterly Government Properties (DEA) reported Q4 FFO of $0.28 per share, meeting consensus estimates but marking a 3.45% decrease from the previous year. Sales of $72.62M missed estimates by 1.33% and decreased 1.21% year-over-year.
February 27, 2024 | 11:31 am
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Easterly Government Properties reported a Q4 FFO of $0.28 per share, aligning with estimates but showing a 3.45% decrease from last year. Sales were $72.62M, missing estimates and showing a slight year-over-year decline.
The reported FFO meeting estimates but showing a year-over-year decrease, combined with sales missing estimates and also decreasing from the previous year, suggests a negative short-term impact on DEA's stock price. The slight miss in sales and decrease in FFO indicate potential concerns about growth and profitability, which could lead to bearish sentiment among investors.
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