National Storage Affiliates Trust Sees FY24 Core FFO $2.40-$2.56; EPS $1.43-$1.59
Portfolio Pulse from Benzinga Newsdesk
National Storage Affiliates Trust (NSA) projects its Core FFO per share for FY24 to be between $2.40 and $2.56, with EPS ranging from $1.43 to $1.59. The guidance reflects a potential decline in same store total revenue growth, from 2.4% in 2023 to a range between -4.0% and 0.0% in 2024. Property operating expenses and NOI growth are also expected to see changes. The company plans acquisitions of self-storage properties worth between $100.0 million and $300.0 million.
February 28, 2024 | 9:20 pm
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NSA anticipates a decrease in same store total revenue growth and an increase in property acquisitions for FY24, with Core FFO per share expected to be $2.40-$2.56 and EPS at $1.43-$1.59.
The guidance provided by NSA indicates a cautious outlook with a potential decrease in same store total revenue growth but also shows strategic planning with significant investments in property acquisitions. The mixed nature of this guidance, including both potential challenges and growth strategies, suggests a neutral short-term impact on the stock price as investors digest the various factors.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100