Camden Prop Trust Q1 2024 FFO $1.70 Beats $1.66 Estimate, Sales $383.141M Miss $385.067M Estimate
Portfolio Pulse from Benzinga Newsdesk
Camden Prop Trust (CPT) reported Q1 2024 FFO of $1.70 per share, surpassing the $1.66 estimate, but its sales of $383.141M fell short of the $385.067M forecast, marking a 1.32% year-over-year increase.
May 02, 2024 | 8:17 pm
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Camden Prop Trust reported a higher-than-expected Q1 2024 FFO but missed sales estimates, showing a modest year-over-year growth.
The beat on FFO per share suggests operational efficiency and could be viewed positively by investors, potentially offsetting the slight miss on sales estimates. The modest year-over-year sales growth indicates steady, albeit slow, growth. The mixed results may lead to neutral short-term price movement as investors weigh the positive FFO against the slightly disappointing sales figures.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100