Centerspace Q1 2024 FFO $1.23 Beats $1.13 Estimate, Sales $64.506M Beat $64.381M Estimate
Portfolio Pulse from Benzinga Newsdesk
Centerspace (NYSE:CSR) reported Q1 2024 FFO of $1.23 per share, surpassing the $1.13 estimate, with sales of $64.506M exceeding the $64.381M forecast. This represents a 4.99% decrease in sales compared to the same period last year.
April 29, 2024 | 8:55 pm
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Centerspace reported a strong Q1 2024 performance with FFO and sales exceeding estimates, though sales saw a slight year-over-year decline.
Beating both FFO and sales estimates typically generates positive investor sentiment, potentially leading to a short-term stock price increase. However, the year-over-year decrease in sales might temper some of the enthusiasm, suggesting a cautious optimism.
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