Essential Props Realty Q2 2024 AFFO $0.43 Misses $0.47 Estimate, Sales $109.268M Beat $106.411M Estimate
Portfolio Pulse from Benzinga Newsdesk
Essential Props Realty (NYSE:EPRT) reported Q2 2024 AFFO of $0.43 per share, missing the $0.47 estimate, but sales of $109.268M beat the $106.411M estimate. AFFO increased by 4.88% YoY, and sales increased by 26.30% YoY.
July 24, 2024 | 8:08 pm
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Essential Props Realty (NYSE:EPRT) reported Q2 2024 AFFO of $0.43 per share, missing the analyst consensus estimate of $0.47 by 8.51%. However, the company reported quarterly sales of $109.268 million, beating the estimate of $106.411 million by 2.69%.
The mixed results, with AFFO missing estimates but sales beating expectations, suggest a neutral short-term impact. Investors may weigh the AFFO miss against the strong sales growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100