Public Storage Sees FY24 Core FFO $16.60-$17.20 Vs $16.98 Est.
Portfolio Pulse from Benzinga Newsdesk
Public Storage projects its FY24 Core FFO to range between $16.60 and $17.20, compared to the estimated $16.98.
February 20, 2024 | 9:49 pm
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NEUTRAL IMPACT
Public Storage anticipates its FY24 Core FFO to be between $16.60 and $17.20, which brackets the analyst estimate of $16.98.
Public Storage's FY24 Core FFO projection closely aligns with analyst expectations, suggesting a neutral impact on the stock price in the short term. The forecast encompasses the estimate, indicating neither a clear positive nor negative surprise. This balance is likely to maintain investor sentiment without causing significant price movements.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100