Armada Hoffler Properties Reiterates FY23 FFO Outlook $1.23 - $1.27 Vs. $1.25 Estimate
Author: Benzinga Newsdesk | August 03, 2023 06:06am
Outlook
The Company maintained its 2023 full-year Normalized FFO guidance range at the Company's previous guidance range of $1.23 to $1.27 per diluted share. The following table updates the Company's assumptions underpinning its full-year guidance. The Company's executive management will provide further details regarding its 2023 earnings guidance during today's webcast and conference call.
| Full-year 2023 Guidance [1] |
Expected Ranges |
| Portfolio NOI |
$161.1M |
$161.9M |
| Construction Segment Gross Profit |
$11.8M |
$12.8M |
| G&A Expenses |
$17.6M |
$18.3M |
| Interest Income |
$14.2M |
$14.6M |
| Interest Expense[2] |
$47.2M |
$47.9M |
| Normalized FFO per diluted share |
$1.23 |
$1.27 |
Posted In: AHH
