AvalonBay Sees Q1 Core FFO $2.56-$2.66 Vs $2.70 Est.
Portfolio Pulse from Benzinga Newsdesk
AvalonBay Communities, Inc. forecasts its Q1 core Funds From Operations (FFO) to be between $2.56 and $2.66, which is below the estimated $2.70.
January 31, 2024 | 9:18 pm
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AvalonBay Communities, Inc. expects its Q1 core FFO to fall short of the estimated $2.70, with a projection of $2.56 to $2.66.
AvalonBay's projection of its core FFO for Q1 being below the consensus estimate is likely to be viewed negatively by investors, potentially leading to a short-term decline in the stock price. FFO is a critical metric for REITs, and missing estimates can reflect unfavorably on the company's financial performance and outlook.
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