Clipper Realty Q1 2024 FFO $0.14 Beats $0.12 Estimate, Sales $35.760M Miss $36.008M Estimate
Portfolio Pulse from Benzinga Newsdesk
Clipper Realty (NYSE:CLPR) reported Q1 2024 FFO of $0.14 per share, surpassing the $0.12 estimate, marking a 27.27% increase from the previous year. However, their sales of $35.760M fell short of the $36.008M estimate, despite being a 6.22% increase from the previous year.
May 07, 2024 | 9:31 pm
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POSITIVE IMPACT
Clipper Realty's Q1 2024 earnings exceeded expectations with FFO per share at $0.14, outperforming estimates and showing significant year-over-year growth. However, sales slightly missed estimates.
The positive earnings surprise, with FFO per share exceeding analyst expectations, suggests a strong operational performance, likely to be viewed favorably by investors. The slight miss in sales estimates may temper enthusiasm but is offset by the overall positive earnings report and year-over-year sales growth.
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