Clipper Realty Q4 FFO $0.15 Up From $0.11 YoY, Sales $34.87M Miss $37.28M Estimate
Portfolio Pulse from Benzinga Newsdesk
Clipper Realty reported a Q4 FFO of $0.15 per share, up 36.36% from $0.11 YoY, but missed sales estimates with $34.87M against the expected $37.28M. Sales increased 5.63% from last year.
March 14, 2024 | 8:06 pm
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Clipper Realty's Q4 FFO increased to $0.15 per share from $0.11 YoY, but missed sales forecasts with $34.87M versus the expected $37.28M.
The increase in FFO per share indicates improved profitability, which could be positive for investor sentiment. However, the miss on sales estimates may raise concerns about growth prospects, potentially balancing out the positive impact on the stock price in the short term.
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