Camden Property Trust On Thursday Updated Full-Year 2024 EPS Outlook From $1.88 To $1.48, Lowered Full-Year FFO Outlook From $6.72 To $6.69, Raised Full-Year Core FFO Outlook From $6.79 To $6.81
Portfolio Pulse from Benzinga Newsdesk
Camden Property Trust has updated its financial outlook for 2024, lowering its EPS forecast from $1.88 to $1.48, slightly reducing its FFO outlook from $6.72 to $6.69, and raising its Core FFO outlook from $6.79 to $6.81.
November 01, 2024 | 11:13 am
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Camden Property Trust has revised its 2024 financial outlook, decreasing its EPS forecast significantly, slightly lowering its FFO, but increasing its Core FFO.
The significant reduction in EPS from $1.88 to $1.48 is likely to negatively impact investor sentiment, as EPS is a key indicator of profitability. The slight decrease in FFO also suggests a minor negative outlook. However, the increase in Core FFO indicates some positive operational adjustments. Overall, the negative EPS revision is likely to outweigh the positive Core FFO adjustment in the short term.
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