Investing.com - IRSA Propiedades ADR reported on Monday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
IRSA Propiedades ADR announced earnings per share of 29.62 on revenue of 6.22M. Analysts polled by Investing.com anticipated EPS of 0.049 on revenue of 51.28M.
IRSA Propiedades ADR shares are up 3.1% from the beginning of the year, still down 36.34% from its 52 week high of 3.66 set on July 27, 2021. They are outperforming the Nasdaq which is down 11.85% from the start of the year.
IRSA Propiedades ADR follows other major Real Estate sector earnings this month
IRSA Propiedades ADR's report follows an earnings beat by Prologis on January 19, who reported EPS of 1.67 on revenue of 1.07B, compared to forecasts EPS of 0.7055 on revenue of 1.04B.
Crown Castle had beat expectations on January 26 with fourth quarter EPS of 0.81 on revenue of 1.65B, compared to forecast for EPS of 0.7708 on revenue of 1.63B.
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