Equity Residential Expects FY24 EPS And FFO Per Share To Be In The Bottom Half Of Guidance Ranges Due To Litigation Reserve Adjustment Made During Q1
Portfolio Pulse from Benzinga Newsdesk
Equity Residential expects its FY24 EPS and FFO per share to be in the bottom half of guidance ranges due to a litigation reserve adjustment made during Q1.
May 28, 2024 | 8:22 pm
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Equity Residential expects its FY24 EPS and FFO per share to be in the bottom half of guidance ranges due to a litigation reserve adjustment made during Q1.
The adjustment to the litigation reserve in Q1 has led Equity Residential to project its FY24 EPS and FFO per share to be in the lower half of its guidance ranges. This is likely to be viewed negatively by investors, potentially leading to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100