Brixmor Property Updates Nareit FFO Per Share Expectations For 2024 From $2.08 - $2.11 To $2.11 - $2.14 (Est $2.10)
Portfolio Pulse from Benzinga Newsdesk
Brixmor Property Group has updated its Nareit FFO per share expectations for 2024 from $2.08 - $2.11 to $2.11 - $2.14, surpassing the estimated $2.10. The company also revised its same property NOI growth expectations for 2024 to 4.25% - 5.00% from 3.50% - 4.25%.
July 29, 2024 | 8:26 pm
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Brixmor Property Group has raised its Nareit FFO per share expectations for 2024 to $2.11 - $2.14, exceeding the estimated $2.10. Additionally, the company has updated its same property NOI growth expectations to 4.25% - 5.00%, indicating stronger performance.
The upward revision in Nareit FFO per share expectations and same property NOI growth indicates stronger financial performance for Brixmor Property Group. This positive outlook is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100