CubeSmart Still Expects FY24 FFO Per Share, As Adjusted, Of $2.59-$2.69 (Est $2.65); $0.63-$0.65 For Q2 (Est $0.65)
Portfolio Pulse from Benzinga Newsdesk
CubeSmart projects its full-year 2024 adjusted FFO per share to be in the range of $2.59-$2.69, aligning with the estimated $2.65. For Q2, the forecast is between $0.63-$0.65, matching the estimate of $0.65.
April 25, 2024 | 9:14 pm
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CubeSmart expects its FY24 adjusted FFO per share to be $2.59-$2.69, in line with estimates. Q2 projections are also on target at $0.63-$0.65.
CubeSmart's announcement of its FY24 FFO per share forecast aligning with analyst estimates suggests a positive outlook on its financial performance. This alignment with expectations, especially for a key metric like FFO per share, is likely to instill confidence among investors, potentially leading to a positive short-term impact on its stock price. The specific mention of Q2 projections meeting estimates further reinforces this positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100