Global Net Lease Affirms FY24 AFFO $1.30-$1.40 Vs $1.27 Est.
Portfolio Pulse from Benzinga Newsdesk
Global Net Lease (GNL) has affirmed its forecast for Fiscal Year 2024 Adjusted Funds From Operations (AFFO) to be in the range of $1.30 to $1.40 per share, which is above the estimated $1.27 per share.
May 07, 2024 | 9:22 pm
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Global Net Lease has projected its FY24 AFFO to be between $1.30 and $1.40 per share, exceeding the analyst estimate of $1.27 per share.
The announcement of a higher than expected AFFO for FY24 suggests that Global Net Lease is in a strong financial position and expects to perform better than analysts predicted. This positive outlook is likely to instill confidence in investors, potentially leading to an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100