Veris Residential Q1 2024 FFO $0.14 Beats $0.11 Estimate, Sales $67.340M Miss $71.428M Estimate
Portfolio Pulse from Benzinga Newsdesk
Veris Residential (NYSE:VRE) reported Q1 2024 FFO of $0.14 per share, surpassing the $0.11 estimate, but its sales of $67.340M fell short of the $71.428M estimate, marking a 7.58% increase over the previous year.
April 24, 2024 | 9:31 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Veris Residential reported a Q1 2024 FFO of $0.14 per share, beating estimates, but missed sales forecasts with $67.340M.
The mixed results with an earnings beat but a miss on sales forecasts could lead to neutral market reaction. Investors might appreciate the earnings beat, indicating operational efficiency, but could be concerned about the sales miss, reflecting potential challenges in revenue growth.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100