Tanger Sees FY24 Core FFO $2.01-$2.09 Vs $2.03 Est.
Portfolio Pulse from Benzinga Newsdesk
Tanger Factory Outlet Centers Inc. (SKT) has provided its forecast for fiscal year 2024 core Funds From Operations (FFO) to be in the range of $2.01 to $2.09 per share, compared to the analyst estimate of $2.03 per share.
February 15, 2024 | 9:38 pm
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Tanger Factory Outlet Centers Inc. forecasts its FY24 core FFO to be between $2.01 and $2.09, closely matching the analyst estimate of $2.03.
The forecasted range for Tanger's FY24 core FFO is very close to the analyst estimate, indicating that the company's financial performance is expected to align with market expectations. This could lead to a neutral short-term impact on the stock price as the forecast neither significantly exceeds nor falls short of analyst expectations, suggesting stability but not necessarily a strong catalyst for growth.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100