Whitestone REIT Q1 2024 FFO $0.23 Misses $0.24 Estimate, Sales $37.164M Miss $37.558M Estimate
Portfolio Pulse from Benzinga Newsdesk
Whitestone REIT (NYSE:WSR) reported Q1 2024 FFO of $0.23 per share, missing the $0.24 estimate, and sales of $37.164M, below the $37.558M estimate. This represents a 4.17% decrease in earnings per share and a 3.66% increase in sales compared to the same period last year.
May 01, 2024 | 10:12 pm
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Whitestone REIT reported a miss in both FFO per share and sales for Q1 2024, with a slight decrease in earnings per share and an increase in sales compared to last year.
Missing both FFO per share and sales estimates likely indicates operational challenges or market conditions affecting Whitestone REIT's performance. The decrease in earnings per share, despite a slight increase in sales, suggests profitability issues that could negatively impact investor sentiment and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100