BRT Apartments Q4 2023 FFO $0.38 Beats $0.28 Estimate, Sales $23.51M Miss $23.82M Estimate
Portfolio Pulse from Benzinga Newsdesk
BRT Apartments Corp. (NYSE:BRT) reported Q4 2023 FFO of $0.38 per share, surpassing the $0.28 estimate by 35.71%. However, their sales of $23.51M fell short of the $23.82M estimate by 1.31%, marking a 3.51% increase from the previous year.
March 12, 2024 | 8:16 pm
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BRT Apartments Corp. exceeded Q4 FFO estimates but missed on sales, showing a mixed financial performance.
BRT Apartments Corp.'s surpassing of FFO estimates indicates operational efficiency and profitability, which is positive for investors. However, the slight miss in sales forecasts could raise concerns about revenue growth. The mixed results present a neutral short-term impact as positive earnings could offset concerns over missed sales estimates.
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