Diamondrock Hospitality Raises FY24 AFFO From $0.88-$1.02 To $0.91-$1.00
Portfolio Pulse from Benzinga Newsdesk
Diamondrock Hospitality has updated its forecast for FY24 Adjusted Funds From Operations (AFFO), raising the range from $0.88-$1.02 to $0.91-$1.00.
May 02, 2024 | 9:57 pm
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Diamondrock Hospitality has increased its FY24 AFFO forecast, indicating a positive outlook on its financial performance.
Raising the AFFO forecast suggests that Diamondrock Hospitality is expecting improved financial health and operational efficiency in FY24. This adjustment reflects a positive outlook that could attract investor interest and potentially drive up the stock price in the short term.
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