Orion Office REIT Q1 2024 FFO $0.36 Beats $0.29 Estimate, Sales $46.995M Beat $41.700M Estimate
Portfolio Pulse from Benzinga Newsdesk
Orion Office REIT (NYSE:ONL) reported Q1 2024 FFO of $0.36 per share, surpassing the $0.29 estimate, and sales of $46.995M, exceeding the $41.700M estimate. Despite beating estimates, these figures represent a decrease from the previous year's earnings and sales.
May 08, 2024 | 9:09 pm
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Orion Office REIT reported higher-than-expected Q1 2024 FFO and sales, beating estimates but showing a decrease from last year's figures.
Beating both FFO and sales estimates typically generates positive investor sentiment, potentially leading to a short-term increase in stock price. However, the year-over-year decrease in both metrics might temper expectations, suggesting a cautious optimism.
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