JBG SMITH Props Q1 2024 FFO EPS $0.29, Inline, Sales $145.184M Miss $147.731M Estimate
Portfolio Pulse from Benzinga Newsdesk
JBG SMITH Props (NYSE:JBGS) reported Q1 2024 FFO EPS of $0.29, meeting analyst estimates but with a 12.12% decrease from the previous year. Sales were $145.184M, missing estimates by 1.72% and down 5.08% from the previous year.
April 30, 2024 | 8:38 pm
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JBG SMITH Props reported a FFO EPS of $0.29 for Q1 2024, in line with estimates but down 12.12% YOY. Sales missed estimates by 1.72%, totaling $145.184M, a 5.08% decrease YOY.
The reported earnings and sales miss, especially the year-over-year decline in both metrics, could negatively impact investor sentiment towards JBGS in the short term. Meeting the EPS estimate may not fully mitigate the negative impact of the sales miss and the overall decline compared to the previous year.
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IMPORTANCE 90
RELEVANCE 100