One Liberty Props Q1 FFO $0.48, Inline, Sales $22.70M Beat $22.23M Estimate
Portfolio Pulse from Benzinga Newsdesk
One Liberty Properties (OLP) reported Q1 FFO of $0.48 per share, meeting analyst estimates, with a 4% decrease from last year's $0.50. Quarterly sales were $22.70M, beating estimates by 2.10% but showing a 1.12% decrease from the previous year.
May 07, 2024 | 9:23 pm
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One Liberty Properties reported a stable Q1 with FFO per share meeting expectations and sales slightly exceeding estimates, despite a year-over-year decrease.
The report indicates a stable performance by OLP, with earnings per share meeting analyst expectations and sales exceeding estimates. The slight year-over-year decrease in both earnings and sales might temper investor enthusiasm, suggesting a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100