City Office REIT Expects 2024 Core FFO Per Share Of $1.18-$1.22, Est $1.32
Portfolio Pulse from Benzinga Newsdesk
City Office REIT (CIO) has provided guidance for its 2024 core FFO (Funds From Operations) per share, expecting it to be in the range of $1.18-$1.22. This forecast falls below the estimated $1.32 by analysts.
February 22, 2024 | 11:18 am
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City Office REIT expects its 2024 core FFO per share to be between $1.18 and $1.22, which is below the analyst estimate of $1.32.
The lower-than-expected FFO per share guidance for 2024 suggests that City Office REIT's financial performance may not meet market expectations, which could lead to negative investor sentiment and potentially a decrease in stock price in the short term.
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