Realty Income Revises 2024 Outlook, Normalized FFO Per Share From $4.17 - $4.29 To $4.19 - $4.28, AFFO Per Share From $4.13 - $4.21 To $4.15 - $4.21; Consensus $4.23
Portfolio Pulse from Benzinga Newsdesk
Realty Income has revised its 2024 outlook, adjusting its normalized FFO per share to a range of $4.19 - $4.28 and AFFO per share to $4.15 - $4.21. The company also increased its expected 2024 investment volume to approximately $3.0 billion from the previous guidance of $2.0 billion.
June 04, 2024 | 11:13 am
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Realty Income has revised its 2024 outlook, adjusting its normalized FFO per share to a range of $4.19 - $4.28 and AFFO per share to $4.15 - $4.21. The company also increased its expected 2024 investment volume to approximately $3.0 billion from the previous guidance of $2.0 billion.
The revision in the FFO and AFFO per share is relatively minor and within the expected range, which should not significantly impact investor sentiment. However, the substantial increase in the investment volume guidance from $2.0 billion to $3.0 billion indicates a more aggressive growth strategy, which is likely to be viewed positively by investors.
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