Independence Realty Trust Revises CFFO Per Share Forecast From $1.12 - $1.16 To $1.14 - $1.16, Est $1.13
Portfolio Pulse from Benzinga Newsdesk
Independence Realty Trust (IRT) has revised its CFFO per share forecast for 2024 from $1.12 - $1.16 to $1.14 - $1.16, with an estimated $1.13. The company also increased the midpoint of its earnings per diluted share, FFO, CFFO per share, and same-store NOI guidance ranges, while updating interest expense, transaction volume, and capital expenditure guidance. Earnings per diluted share is now projected to be in the range of $0.36 to $0.38.
July 31, 2024 | 8:34 pm
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POSITIVE IMPACT
Independence Realty Trust (IRT) has revised its 2024 CFFO per share forecast upwards and increased the midpoint of its earnings and NOI guidance ranges. This positive revision indicates stronger financial performance and could boost investor confidence.
The upward revision of CFFO per share and increased midpoint of earnings and NOI guidance suggest improved financial performance for IRT. This is likely to positively impact the stock price in the short term as it reflects better-than-expected earnings potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100