Realty Income Sees AFFO $4.19-$4.28 Vs $4.39 Estimate
Portfolio Pulse from Benzinga Newsdesk
Realty Income Corporation has projected its Adjusted Funds From Operations (AFFO) to be between $4.19 and $4.28, which is below the market estimate of $4.39.
August 05, 2024 | 8:18 pm
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Realty Income Corporation has projected its Adjusted Funds From Operations (AFFO) to be between $4.19 and $4.28, which is below the market estimate of $4.39. This could lead to a negative short-term impact on the stock price as the market reacts to the lower-than-expected guidance.
The lower-than-expected AFFO guidance suggests that Realty Income Corporation may face challenges in meeting market expectations, which could lead to a negative reaction from investors and a potential decline in the stock price.
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