Piedmont Office Realty Trust Revises FY24 Core FFO Outlook From $1.46 - $1.56 To $1.46 - $1.52, Est $1.50
Portfolio Pulse from Benzinga Newsdesk
Piedmont Office Realty Trust has revised its FY24 Core FFO outlook from $1.46 - $1.56 to $1.46 - $1.52, with an estimated $1.50. This adjustment reflects the impact of a recent $400 million bond issuance.
July 31, 2024 | 9:55 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Piedmont Office Realty Trust has revised its FY24 Core FFO outlook to $1.46 - $1.52, reflecting the impact of a recent $400 million bond issuance.
The revision in the FY24 Core FFO outlook is a direct result of the recent $400 million bond issuance. This indicates a slight adjustment in financial expectations, which is neutral in the short term as the new range still encompasses the previous estimate.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100