City Office REIT Q2 2024 Core FFO Per Share $0.28 Misses $0.31 Estimate, Sales $42.342M Miss $43.189M Estimate
Portfolio Pulse from Benzinga Newsdesk
City Office REIT (NYSE:CIO) reported Q2 2024 earnings of $0.28 per share, missing the analyst estimate of $0.31. Sales were $42.342 million, also below the $43.189 million estimate and down 5.07% from last year.
August 01, 2024 | 10:01 am
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City Office REIT reported Q2 2024 earnings of $0.28 per share, missing the analyst estimate of $0.31. Sales were $42.342 million, also below the $43.189 million estimate and down 5.07% from last year.
The earnings and sales miss, along with a year-over-year decline in sales, are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100