Realty Income Q1 2024 FFO $1.03 Misses $1.04 Estimate
Portfolio Pulse from Benzinga Newsdesk
Realty Income (NYSE:O) reported its Q1 2024 FFO at $1.03 per share, slightly missing the analyst consensus estimate of $1.04 by 0.96 percent.
May 06, 2024 | 8:07 pm
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NEGATIVE IMPACT
Realty Income's Q1 2024 FFO of $1.03 per share missed the consensus estimate of $1.04 by a narrow margin of 0.96 percent.
Missing earnings estimates, even by a small margin, can lead to negative investor sentiment in the short term. This slight miss may cause some investors to reassess their expectations for Realty Income, potentially leading to a short-term dip in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100