Tricon Sees FY23 Core FFO Per Share $0.55-$0.58; Narrows Same Home Revenue Growth From 6%-7% To 6%-6.5%
Portfolio Pulse from Benzinga Newsdesk
Tricon has updated its FY23 guidance, reiterating its Core FFO per share guidance of $0.55-$0.58 and narrowing its same home revenue growth from 6%-7% to 6%-6.5%. The company also updated its acquisitions guidance to reflect a smaller number of homes to be acquired in 2023 but with a similar equity contribution as previously expected. The company has substantially completed the investment programs of SFR JV-2 and SFR JV-HD with lower leverage parameters.
November 08, 2023 | 1:19 am
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Tricon's updated FY23 guidance, including a reiterated Core FFO per share guidance and a narrowed same home revenue growth, may impact investor sentiment. The company's updated acquisitions guidance may also influence its stock performance.
Tricon's updated guidance for FY23, including a reiterated Core FFO per share guidance and a narrowed same home revenue growth, may impact investor sentiment and influence the company's stock performance. The company's updated acquisitions guidance, which reflects a smaller number of homes to be acquired in 2023 but with a similar equity contribution as previously expected, may also have an impact on its stock performance.
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