W.P. Carey Narrows FY2024 FFO Guidance from $4.63-4.73 to $4.65-4.71 vs $4.74 Est.
Portfolio Pulse from Benzinga Newsdesk
W.P. Carey has adjusted its FY2024 FFO guidance to a range of $4.65-$4.71, slightly below the analyst estimate of $4.74.
October 29, 2024 | 8:15 pm
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NEGATIVE IMPACT
W.P. Carey has revised its FY2024 FFO guidance to $4.65-$4.71, which is below the analyst estimate of $4.74. This adjustment may impact investor sentiment.
The narrowing of the FFO guidance range to below the analyst estimate suggests potential challenges in meeting market expectations, which could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100