Brixmor Property Group Q1 2024 FFO $0.54 Beats $0.51 Estimate, Sales $320.241M Beat $314.470M Estimate
Portfolio Pulse from Benzinga Newsdesk
Brixmor Property Group (NYSE:BRX) reported Q1 2024 FFO of $0.54 per share, surpassing the $0.51 estimate, and sales of $320.241M, exceeding the $314.470M estimate. This represents a 2.82% increase in sales compared to the same period last year.
April 29, 2024 | 8:22 pm
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Brixmor Property Group reported a strong Q1 2024 with FFO and sales beating estimates, indicating robust financial health and operational efficiency.
Beating both FFO and sales estimates typically signals strong operational performance and financial health, which can positively influence investor sentiment and potentially lead to a short-term increase in stock price.
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