Peakstone Realty Trust Q1 2024 FFO $0.70 Misses $0.75 Estimate, Sales $59.227M Miss $62.565M Estimate
Portfolio Pulse from Benzinga Newsdesk
Peakstone Realty Trust (NYSE:PKST) reported Q1 2024 FFO of $0.70 per share, missing the $0.75 estimate, and sales of $59.227M, below the $62.565M estimate. This represents a 2.94% increase in earnings per share and an 11.57% decrease in sales from the same period last year.
May 07, 2024 | 8:10 pm
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Peakstone Realty Trust reported lower-than-expected Q1 2024 FFO and sales, with a slight increase in earnings per share but a significant decrease in sales compared to last year.
The miss in both FFO per share and sales estimates, coupled with a significant year-over-year decrease in sales, is likely to negatively impact investor sentiment and the stock price in the short term. The slight increase in earnings per share may not be sufficient to offset the negative aspects of the report.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100