Franklin Street Props Q1 2024 FFO $0.04, Inline, Sales $31.225M Miss $31.794M Estimate
Portfolio Pulse from Benzinga Newsdesk
Franklin Street Props (AMEX:FSP) reported Q1 2024 FFO of $0.04 per share, meeting analyst estimates but marking a 50% decrease from the previous year. Sales were $31.225M, missing estimates by 1.79% and showing a 17.32% decrease year-over-year.
April 30, 2024 | 8:56 pm
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NEGATIVE IMPACT
Franklin Street Props reported Q1 2024 FFO of $0.04 per share, aligning with estimates but showing a significant decrease from the previous year. Sales fell short of expectations and decreased year-over-year.
The reported earnings and sales miss, coupled with a significant year-over-year decrease in both FFO per share and sales, are likely to negatively impact investor sentiment and the stock price in the short term. The alignment with FFO estimates may provide some stability, but the overall negative growth trends are concerning.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100