Kilroy Realty Corporation Updates 2024 Nareit-Defined FFO Guidance to $4.21-$4.31 Per Share; Midpoint Now $4.26; Raises Net Income Guidance to $1.50-$1.59 Per Share; Adjusts Key Assumptions for NOI, Occupancy, and Development Spending
Portfolio Pulse from Benzinga Newsdesk
Kilroy Realty Corporation has updated its 2024 Nareit-defined FFO guidance to a range of $4.21-$4.31 per share, with a midpoint of $4.26. The company also raised its net income guidance to $1.50-$1.59 per share and adjusted key assumptions for NOI, occupancy, and development spending.
July 31, 2024 | 8:26 pm
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Kilroy Realty Corporation has updated its 2024 financial guidance, increasing its FFO and net income projections. The adjustments in NOI, occupancy, and development spending assumptions indicate a positive outlook for the company's financial performance.
The increase in FFO and net income guidance suggests that Kilroy Realty Corporation expects better financial performance in 2024. This positive revision is likely to boost investor confidence and support the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100