City Office REIT Narrows FY2024 FFO Guidance from $1.14-1.18 to $1.15-1.17 vs $1.17 Est
Portfolio Pulse from Benzinga Newsdesk
City Office REIT has adjusted its FY2024 FFO guidance to a range of $1.15-$1.17, slightly narrowing from the previous range of $1.14-$1.18, and aligning closely with the analyst estimate of $1.17.
October 31, 2024 | 10:08 am
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City Office REIT has slightly adjusted its FY2024 FFO guidance to $1.15-$1.17, aligning closely with the analyst estimate of $1.17. This indicates a stable outlook for the company's financial performance.
The narrowing of the FFO guidance range suggests a more precise forecast, which aligns closely with analyst expectations. This indicates stability in the company's financial outlook, likely resulting in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100