EastGroup Properties Sees FY24 FFO $8.33-$8.37 Vs $8.33 Est.
Portfolio Pulse from Benzinga Newsdesk
EastGroup Properties has projected its Funds From Operations (FFO) for the fiscal year 2024 to be between $8.33 and $8.37, aligning with the current estimate of $8.33.
October 23, 2024 | 8:20 pm
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EastGroup Properties has announced its FY24 FFO guidance to be in the range of $8.33 to $8.37, which aligns with the market estimate of $8.33. This suggests stability in their financial performance expectations.
The FFO guidance provided by EastGroup Properties is in line with market expectations, indicating no surprises in their financial outlook. This stability suggests a neutral short-term impact on the stock price as the market has already priced in these expectations.
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