Strawberry Fields REIT Reported FY23 Revenue of $99.8M, up by 7.8% YoY Vs $101.9M Est, Adjusted FFO of $52.7M
Portfolio Pulse from Benzinga Newsdesk
Strawberry Fields REIT reported its FY23 revenue at $99.8 million, marking a 7.8% increase year-over-year, although it fell short of the estimated $101.9 million. The company also announced an adjusted Funds From Operations (FFO) of $52.7 million.
March 19, 2024 | 10:41 am
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Strawberry Fields REIT reported a 7.8% increase in FY23 revenue to $99.8M, missing estimates by $2.1M. Adjusted FFO was $52.7M.
Missing the revenue estimate could lead to a negative short-term reaction in the stock price, as investors may adjust their expectations based on the reported figures. The increase in revenue year-over-year is positive, but the miss against expectations is likely to weigh more heavily in the short term.
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IMPORTANCE 90
RELEVANCE 100