City Office REIT Revises FY24 Core FFO Per Share Outlook From $1.18-$1.22 To $1.14-$1.18, Est $1.20
Portfolio Pulse from Benzinga Newsdesk
City Office REIT has revised its FY24 Core FFO (Funds From Operations) per share outlook downwards from $1.18-$1.22 to $1.14-$1.18, compared to the estimated $1.20.
May 03, 2024 | 10:05 am
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City Office REIT has adjusted its FY24 Core FFO per share guidance to $1.14-$1.18, below the previously estimated range of $1.18-$1.22.
The downward revision of the FY24 Core FFO per share outlook by City Office REIT indicates a potential weakening in the company's financial performance or operational efficiency, which could lead to negative investor sentiment and a decrease in stock price in the short term.
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