Modiv Q4 AFFO $0.40 Down From $0.68 YoY, Sales $12.29M Miss $12.44M Estimate
Portfolio Pulse from Benzinga Newsdesk
Modiv reported a Q4 AFFO of $0.40 per share, down 41.18% from $0.68 YoY, with sales of $12.29M missing the $12.44M estimate, a 14.50% decrease from last year.
March 04, 2024 | 11:45 am
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NEGATIVE IMPACT
Modiv's Q4 AFFO per share decreased by 41.18% YoY to $0.40, and sales missed estimates by 1.22%, totaling $12.29M.
The significant decrease in AFFO per share and the miss in sales estimates are likely to negatively impact investor sentiment towards MDV in the short term. The substantial year-over-year decline in both key financial metrics indicates potential underlying issues that could concern investors, leading to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100