American Hotel Inc Props Q1 AFFO $(0.01) Down From $0.08 YoY, Sales $66.49M Up From $65.46M YoY
Portfolio Pulse from Benzinga Newsdesk
American Hotel Inc Props reported a Q1 AFFO of $(0.01) per share, a significant decrease from $0.07 YoY. However, their sales increased slightly to $66.49M from $65.46M YoY.
May 07, 2024 | 11:36 pm
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American Hotel Inc Props experienced a significant decrease in AFFO per share but reported a slight increase in sales.
The sharp decrease in AFFO per share is likely to negatively impact investor sentiment and stock price in the short term, despite the slight increase in sales. The significant drop in earnings per share (EPS) indicates financial challenges that could overshadow the modest revenue growth.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100