Brixmor Property Group Q2 2024 FFO $0.54 Beats $0.51 Estimate, Sales $315.689M Miss $318.254M Estimate
Portfolio Pulse from Benzinga Newsdesk
Brixmor Property Group (NYSE:BRX) reported Q2 2024 earnings per share (EPS) of $0.54, beating the analyst consensus estimate of $0.51 by 5.88%. However, the company's quarterly sales of $315.689 million missed the analyst consensus estimate of $318.254 million by 0.81%. This represents a 1.90% increase over sales of $309.793 million in the same period last year.
July 29, 2024 | 8:06 pm
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Brixmor Property Group reported Q2 2024 EPS of $0.54, beating estimates by 5.88%, but sales of $315.689 million missed estimates by 0.81%. Sales increased by 1.90% YoY.
The positive EPS surprise is likely to have a favorable impact on the stock price in the short term, despite the slight miss in sales. The YoY sales growth also adds a positive sentiment.
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