CTO Realty Growth Raises FY2024 Core FFO Guidance from $1.81-1.86 to $1.83-1.87 vs $1.84 Est.
Portfolio Pulse from Benzinga Newsdesk
CTO Realty Growth has increased its FY2024 Core FFO guidance to a range of $1.83-$1.87, slightly above the previous range and close to the analyst estimate of $1.84.
October 24, 2024 | 8:27 pm
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CTO Realty Growth has raised its FY2024 Core FFO guidance to $1.83-$1.87, which is slightly above the previous range and aligns closely with the analyst estimate of $1.84. This suggests a positive outlook for the company's financial performance.
The increase in Core FFO guidance indicates that CTO Realty Growth expects better financial performance than previously anticipated. The new guidance range is slightly higher than the previous one and aligns closely with analyst estimates, which is likely to be viewed positively by investors and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100