LXP Tightens FY23 Adjusted FFO Guidance To $0.68-$0.70 Per Diluted Common Share Versus Prior Guidance Of $0.66-$0.70 And Consensus Of $0.68
Portfolio Pulse from Benzinga Newsdesk
LXP has revised its FY23 adjusted FFO guidance to $0.68-$0.70 per diluted common share, up from the previous guidance of $0.66-$0.70. This is in line with the consensus estimate of $0.68.
October 31, 2023 | 10:10 am
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POSITIVE IMPACT
LXP has increased its FY23 adjusted FFO guidance, which is in line with market expectations. This could potentially have a positive impact on the stock.
LXP's upward revision of its FY23 adjusted FFO guidance indicates a potentially stronger financial performance than previously expected. As this new guidance is in line with market expectations, it could reassure investors and potentially drive the stock price up in the short term.
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