One Liberty Props Q4 FFO $0.50 Down From $0.52 YoY, Sales $22.74M Beat $22.45M Estimate
Portfolio Pulse from Happy Mohamed
One Liberty Properties (OLP) reported a Q4 FFO of $0.50 per share, down 3.85% from $0.52 YoY. Sales were $22.74M, beating estimates by 1.30% but down 17.95% from $27.71M YoY.
March 05, 2024 | 9:22 pm
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NEGATIVE IMPACT
OLP's Q4 FFO decreased to $0.50 per share from $0.52 YoY, with sales of $22.74M beating estimates but down from $27.71M YoY.
The decrease in FFO per share and the significant drop in sales year-over-year are likely to negatively impact investor sentiment towards OLP in the short term, despite beating sales estimates.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100