American Assets Trust Increases 2024 FFO Per Share Guidance From $2.19-$2.33 To $2.24-$2.34, Est $2.30
Portfolio Pulse from Benzinga Newsdesk
American Assets Trust (AAT) has raised its 2024 FFO per share guidance from the previous range of $2.19-$2.33 to a new range of $2.24-$2.34, with analysts' estimates at $2.30.
April 30, 2024 | 9:20 pm
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American Assets Trust has updated its 2024 FFO per share guidance, indicating a positive outlook for the company's financial performance.
Raising FFO (Funds From Operations) guidance is a positive signal about a company's future earnings potential, often leading to increased investor confidence and potentially a rise in stock price. Given that AAT's new guidance range surpasses the analysts' estimate midpoint, this update is likely to be viewed positively by the market.
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