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 | |||
