Vesta Real Estate Q1 2024 FFO $0.05 Up From $0.04 YoY, Sales $60.600M Beat $58.743M Estimate
Portfolio Pulse from Benzinga Newsdesk
Vesta Real Estate (NYSE:VTMX) reported a Q1 2024 FFO of $0.05 per share, up from $0.04 YoY, with sales of $60.600M beating the $58.743M estimate, marking a 21.44% increase over the previous year.
April 25, 2024 | 8:52 pm
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POSITIVE IMPACT
Vesta Real Estate's Q1 2024 earnings report shows a positive trend with FFO per share increasing to $0.05 from $0.04 YoY and sales growing to $60.600M, exceeding estimates.
The increase in FFO per share and sales exceeding analyst estimates indicate a strong financial performance and operational efficiency. This positive earnings report is likely to instill investor confidence and could lead to a short-term uptick in VTMX's stock price, given the better-than-expected financial results and year-over-year growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100