2024 Guidance(1)
| Metric | Per Share | ||||
| Net income per common share - diluted | $0.05 to $0.09 | ||||
| FFO per share - fully diluted | $1.65 to $1.69 | ||||
Assumptions
| Metric | Assumption Range | Compared to Prior Assumption | ||||||
| Average Office Occupancy | 78% to 81% | Unchanged | ||||||
| Residential Leased Rate | Essentially fully leased | Unchanged | ||||||
| Same Property Cash NOI Growth | -4.0% to -2.5% | Unchanged | ||||||
| Above/Below Market Net Revenue | $6 to $10 million | Unchanged | ||||||
| Straight-line Revenue | $2 to $5 million | Unchanged | ||||||
| G & A Expenses | $48 to $52 million | Unchanged | ||||||
| Interest Expense | $225 to $235 million | Unchanged | ||||||
| Weighted average fully diluted shares outstanding | 202.0 million | Unchanged | ||||||
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(1) All of our assumptions include 100% of our consolidated JVs share, not our pro rata share. Except as disclosed, our guidance does not include the impact of future property acquisitions or dispositions, common stock sales or repurchases, financings, property damage insurance recoveries, impairment charges or other possible capital markets activities.
The guidance and representative assumptions on this page are forward looking statements, subject to the safe harbor contained at the beginning of this Earnings Package, and reflect our views of current and future market conditions. Ranges represent a set of likely assumptions, but actual results could fall outside the ranges presented. Only a few of our assumptions underlying our guidance are disclosed above, and our actual results will be affected by known and unknown risks, trends, uncertainties and other factors, some of which are beyond our control or ability to predict. Although we believe that the assumptions underlying our guidance are reasonable, they are not guarantees of future performance and some of them will inevitably prove to be incorrect. As a result, our actual future results can be expected to differ from our expectations, and those differences could be material. See page 23 for a reconciliation of our Non-GAAP guidance.
