CTO Realty Growth Sees FY24 Core FFO $1.56-$1.64 Vs $1.58 Est.
Portfolio Pulse from Benzinga Newsdesk
CTO Realty Growth projects its FY24 Core FFO to be in the range of $1.56-$1.64, compared to the estimated $1.58. This forecast suggests a potential for performance that aligns closely with current expectations.
February 22, 2024 | 10:12 pm
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NEUTRAL IMPACT
CTO Realty Growth's FY24 Core FFO projection of $1.56-$1.64 is in line with the estimated $1.58, indicating stability in its financial outlook.
CTO Realty Growth's forecast for FY24 Core FFO suggests a performance that is in line with analyst expectations, indicating no significant surprises. This stability is crucial for investor confidence, especially in the real estate sector. However, since the forecast range includes the current estimate, the impact on the stock price is likely to be neutral in the short term, barring other market or company-specific factors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100