Retail Opportunity Lowers FY2024 FFO Guidance from $1.04-1.07 to $1.03-1.05 vs $1.05 Est.
Portfolio Pulse from Benzinga Newsdesk
Retail Opportunity Investments Corp. (NASDAQ:ROIC) has revised its FY2024 FFO guidance downwards from $1.04-1.07 to $1.03-1.05, which is below the analyst estimate of $1.05.
October 22, 2024 | 8:19 pm
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Retail Opportunity Investments Corp. has lowered its FY2024 FFO guidance to $1.03-1.05, which is below the analyst estimate of $1.05. This revision may impact investor sentiment negatively.
The downward revision of FFO guidance suggests potential challenges in meeting financial expectations, which could lead to negative investor sentiment and short-term pressure on the stock price.
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