SITE Centers Q1 2024 FFO $0.28 Beats $0.25 Estimate, Sales $120.621M Beat $118.013M Estimate
Portfolio Pulse from Benzinga Newsdesk
SITE Centers (NYSE:SITC) reported Q1 2024 FFO of $0.28 per share, surpassing the $0.25 estimate, and sales of $120.621M, exceeding the $118.013M estimate. However, this represents a decrease from the previous year's earnings and sales.
April 30, 2024 | 10:36 am
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SITE Centers reported higher-than-expected Q1 2024 FFO and sales, beating estimates but showing a decrease from the previous year.
Beating both FFO and sales estimates typically generates positive investor sentiment, likely leading to a short-term uptick in stock price. However, the year-on-year decrease in earnings and sales might temper some of the positive impact.
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