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 EPS of $0.37 on revenue of $16.01M.
New York City REIT 's are down 20% and is trading at $2.74 , still down 80.07% from its 52 week high of $13.75 set on Thursday, March 31, 2022.
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, 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, for EPS of $1.13 on revenue of $2.65B.
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