Investing.com - New York City REIT reported on Monday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
New York City REIT announced earnings per share of $-0.80 on revenue of $15.93M. Analysts polled by Investing.com anticipated EPS of $0.37 on revenue of $16.01M.
New York City REIT shares are down 20% from the beginning of the year and are trading at $2.74 , down-from-52-week-high.
New York City REIT follows other major Real Estate sector earnings this month
New York City REIT's report follows an earnings beat by Prologis on Wednesday, October 19, 2022, who reported EPS of $1.36 on revenue of $1.15B, compared to forecasts EPS of $1.29 on revenue of $1.15B.
American Tower had beat expectations on Thursday, October 27, 2022 with third quarter EPS of $1.8 on revenue of $2.67B, compared to forecast for EPS of $1.13 on revenue of $2.65B.
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