Consensus is for FY23 AFFO $5.20. The company has lowered and narrowed its guidance reflecting execution of the Company’s strategic plan to exit office, including the completion of the Spin-Off, and based on the following key assumptions: investment volume of between $1.3B-$1.5B, which has been revised lower; disposition volume of $450M-$550M, which has been revised higher and includes anticipated asset sales under the Office Sale Program totaling approximately $300M; and total general and administrative expenses of $96M-$98M, which has been revised lower.
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