Equity Residential Sees FY24 Normalized FFO Per Share $3.80-$3.90 Vs $3.870 Est.
Portfolio Pulse from Benzinga Newsdesk
Equity Residential projects its FY24 Normalized Funds From Operations (FFO) per share to be in the range of $3.80 to $3.90, compared to the estimated $3.87 by analysts.
January 30, 2024 | 9:23 pm
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NEUTRAL IMPACT
Equity Residential's FY24 Normalized FFO guidance is in line with analyst expectations, indicating stable financial performance.
Equity Residential's guidance for FY24 Normalized FFO per share falls within a tight range around the analyst estimate, suggesting that the company's financial outlook is stable and in line with market expectations. This typically has a neutral impact on the stock price in the short term as there are no significant positive or negative surprises.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100