Alexander & Baldwin Raises 2024 AFFO Guidance From $0.80-$0.90 To $0.89-$1.00
Portfolio Pulse from Benzinga Newsdesk
Alexander & Baldwin has increased its 2024 AFFO (Adjusted Funds From Operations) guidance from the previous range of $0.80-$0.90 to a new range of $0.89-$1.00.

April 25, 2024 | 9:19 pm
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Alexander & Baldwin has updated its 2024 AFFO guidance to a higher range, indicating a positive outlook on its financial performance.
Raising AFFO guidance typically indicates a company's confidence in its future earnings and operational efficiency. For Alexander & Baldwin, this adjustment suggests an improved financial outlook, which can positively influence investor sentiment and potentially lead to an increase in stock price in the short term.
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