Veris Residential Raises FY2024 FFO Guidance from $0.52-0.56 to $0.59-0.60 vs $0.55 Est
Portfolio Pulse from Benzinga Newsdesk
Veris Residential has increased its FY2024 FFO guidance from $0.52-0.56 to $0.59-0.60, surpassing the analyst estimate of $0.55.
October 30, 2024 | 9:40 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Veris Residential has raised its FY2024 FFO guidance to $0.59-0.60, exceeding the analyst estimate of $0.55. This suggests a positive outlook for the company's financial performance.
The increase in FFO guidance indicates that Veris Residential expects better financial performance than previously anticipated. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100