National Storage Affiliates Trust Lowers FY24 EPS From $1.31-$1.48 To $1.10-$1.17 Vs $1.40 Est.; FY24 Core FFO From $2.40-$2.56 To $2.36-$2.44 Per Share
Portfolio Pulse from Benzinga Newsdesk
National Storage Affiliates Trust (NSA) has lowered its FY24 EPS guidance from $1.31-$1.48 to $1.10-$1.17, and its FY24 Core FFO from $2.40-$2.56 to $2.36-$2.44 per share. This adjustment reflects changes in weighted average shares, GAAP accounting, and other factors.
August 05, 2024 | 9:04 pm
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National Storage Affiliates Trust (NSA) has revised its FY24 EPS guidance downward from $1.31-$1.48 to $1.10-$1.17, and its FY24 Core FFO from $2.40-$2.56 to $2.36-$2.44 per share. This revision is due to changes in weighted average shares, GAAP accounting, and other factors.
The downward revision in EPS and Core FFO guidance indicates potential challenges in NSA's financial performance for FY24. This is likely to negatively impact investor sentiment and the stock price in the short term.
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RELEVANCE 100