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BRT Realty (BRT) Q2 FFO Miss Estimates
BRTBRT Apartments (BRT) ZACKS·2024-08-09 22:30

分组1 - BRT Realty (BRT) reported quarterly funds from operations (FFO) of 0.35pershare,missingtheZacksConsensusEstimateof0.35 per share, missing the Zacks Consensus Estimate of 0.37 per share, and down from 0.37pershareayearago,representinganFFOsurpriseof5.410.37 per share a year ago, representing an FFO surprise of -5.41% [1] - The company posted revenues of 23.86 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 1.76%, compared to year-ago revenues of $23.32 million [2] - BRT has surpassed consensus revenue estimates two times over the last four quarters [2] 分组2 - BRT shares have lost about 3.8% since the beginning of the year, while the S&P 500 has gained 11.5% [3] - The company's FFO outlook is crucial for investors to assess future stock performance, with current consensus FFO estimates at 0.38forthecomingquarterand0.38 for the coming quarter and 1.50 for the current fiscal year [4][7] - The Zacks Industry Rank for REIT and Equity Trust - Residential is currently in the top 32% of over 250 Zacks industries, indicating a favorable industry outlook [8]