First Industrial Realty Q1 FFO Per Share $0.60 Misses $0.61 Estimate, Sales $162.27M Beat $161.53M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Industrial Realty (NYSE:FR) reported a Q1 FFO per share of $0.60, missing the consensus estimate of $0.61, but saw an 8.60% increase in sales to $162.27M, beating the $161.53M estimate.
April 17, 2024 | 9:00 pm
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NEUTRAL IMPACT
First Industrial Realty's Q1 FFO per share was $0.60, missing estimates by $0.01, but sales increased to $162.27M, exceeding expectations.
The miss in FFO per share by a small margin may slightly disappoint investors, but the beat on sales and the year-over-year growth in both FFO and sales could offset concerns, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100