Armada Hoffler Properties Reiterates FY23 FFO Outlook $1.23 - $1.27 Vs. $1.25 Estimate
Portfolio Pulse from Benzinga Newsdesk
Armada Hoffler Properties has reiterated its FY23 FFO outlook of $1.23 - $1.27 per diluted share, which aligns with the previous guidance. The company's assumptions for the full-year guidance include a portfolio NOI of $161.1M - $161.9M, construction segment gross profit of $11.8M - $12.8M, G&A expenses of $17.6M - $18.3M, interest income of $14.2M - $14.6M, and interest expense of $47.2M - $47.9M.
August 04, 2023 | 12:48 pm
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NEUTRAL IMPACT
Armada Hoffler Properties has confirmed its FY23 FFO outlook, which is in line with previous estimates. This could indicate stability in the company's financial performance.
The reiteration of the FFO outlook by Armada Hoffler Properties indicates that the company is confident in its financial performance for FY23. This could be seen as a positive sign by investors, potentially leading to stability in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100