NNN REIT Sees FY24 Core FFO From $3.27-$3.33 To $3.28-$3.32 Vs $33.33 Est.
Portfolio Pulse from Benzinga Newsdesk
NNN REIT has adjusted its FY24 Core FFO guidance to a range of $3.28-$3.32, slightly narrowing from the previous range of $3.27-$3.33, and below the $33.33 estimate.
October 31, 2024 | 12:33 pm
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NNN REIT has revised its FY24 Core FFO guidance to $3.28-$3.32, slightly narrowing the range from $3.27-$3.33, and below the $33.33 estimate.
The adjustment in NNN REIT's FY24 Core FFO guidance to a slightly narrower range indicates a more precise forecast but remains below the market estimate of $33.33. This could lead to a negative short-term impact on the stock price as it suggests potential underperformance relative to expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100