Empire State Realty Trust Q3 2024 FFO $0.26 Beats $0.24 Estimate, Sales $153.117M Miss $193.695M Estimate
Portfolio Pulse from Benzinga Newsdesk
Empire State Realty Trust reported Q3 2024 earnings per share of $0.26, beating estimates, but sales of $153.117 million missed expectations. Sales increased by 1.10% compared to the same period last year.
October 21, 2024 | 8:20 pm
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NEUTRAL IMPACT
Empire State Realty Trust's Q3 2024 earnings per share of $0.26 exceeded expectations, but sales of $153.117 million fell short of estimates. Sales showed a slight year-over-year increase.
The earnings per share beat suggests positive operational performance, but the significant sales miss indicates potential challenges in revenue generation. The slight year-over-year sales increase provides a mixed outlook, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100