Acadia Realty Trust Revises FY24 FFO Before Special Items Per Share From $1.24-$1.32 To $1.26-$1.32, Est $1.29
Portfolio Pulse from Benzinga Newsdesk
Acadia Realty Trust has revised its FY24 FFO before special items per share from $1.24-$1.32 to $1.26-$1.32, with an estimate of $1.29. The company also updated its annual 2024 guidance for net earnings per share to $0.07-$0.11 from $0.07-$0.13, and NAREIT FFO per share to $1.09-$1.13 from $1.09-$1.15.
July 30, 2024 | 9:16 pm
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Acadia Realty Trust has revised its FY24 FFO before special items per share and updated its annual 2024 guidance for net earnings and NAREIT FFO per share. The revisions are minor but indicate a slight improvement in FFO before special items.
The revisions to the FY24 FFO before special items per share and the updated annual 2024 guidance for net earnings and NAREIT FFO per share are minor but positive. This indicates a slight improvement in the company's financial outlook, which could have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100