Modiv Q1 2024 FFO $0.29 Misses $0.31 Estimate, Sales $11.901M Miss $12.152M Estimate
Portfolio Pulse from Benzinga Newsdesk
Modiv (NYSE:MDV) reported Q1 2024 FFO of $0.29 per share, missing the $0.31 estimate, and sales of $11.901M, below the $12.152M estimate. This represents a decrease in earnings and a miss in sales estimates compared to the same period last year, despite a 15.42% increase in sales.
May 02, 2024 | 10:11 am
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NEGATIVE IMPACT
Modiv reported a miss in both FFO per share and sales for Q1 2024, with a slight decrease in earnings compared to last year.
Missing both FFO per share and sales estimates can negatively impact investor sentiment and stock price in the short term. The decrease in earnings compared to the previous year further compounds the potential negative impact on MDV's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100