W.P. Carey Q1 2024 FFO $1.14 Misses $1.16 Estimate, Sales $386.842M Miss $397.594M Estimate
Portfolio Pulse from Benzinga Newsdesk
W.P. Carey reported Q1 2024 FFO of $1.14 per share, missing the $1.16 estimate, and sales of $386.842M, below the $397.594M estimate. This represents a decrease from the previous year's earnings and sales.
April 30, 2024 | 8:18 pm
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NEGATIVE IMPACT
W.P. Carey's Q1 2024 FFO and sales missed estimates, with a significant decrease compared to last year's figures.
Missing both FFO and sales estimates, especially with a notable decrease from the previous year, is likely to negatively impact investor sentiment and could lead to a short-term decrease in W.P. Carey's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100