DiamondRock Hospitality Raises FY24 Adj. FFO Guidance From $0.91-$1.00 To $0.95-$1.00
Portfolio Pulse from Benzinga Newsdesk
DiamondRock Hospitality has raised its FY24 adjusted funds from operations (FFO) guidance from the range of $0.91-$1.00 to $0.95-$1.00.
August 01, 2024 | 9:20 pm
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DiamondRock Hospitality has increased its FY24 adjusted FFO guidance, suggesting improved financial performance and potential for stock price appreciation.
The increase in adjusted FFO guidance indicates that DiamondRock Hospitality expects better financial performance, which is likely to positively impact investor sentiment and the stock price in the short term.
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