Independence Realty Trust Adjusts FY24 Total Operating Expense Growth From 2.6%-3.4% To 2.8%-$3.2%
Portfolio Pulse from Benzinga Newsdesk
Independence Realty Trust has adjusted its forecast for FY24 total operating expense growth from a range of 2.6%-3.4% to a new range of 2.8%-3.2%.
October 30, 2024 | 8:47 pm
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Independence Realty Trust has revised its FY24 operating expense growth forecast to a range of 2.8%-3.2%, indicating a slight increase in the lower bound and a decrease in the upper bound.
The adjustment in the operating expense growth forecast suggests a more precise estimate, which could be seen as a positive sign of financial management. However, the change is minor, and thus the immediate impact on stock price is likely neutral.
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