HighGravityDataSigned in · PRO
Guidance history, every release
Raised · a change from the previous releaseSame · restated unchanged— · not stated in that releaseEvery value links to its sentence in the filing
| Metric | Nov 4, 2024 FY24 Q3 | Feb 24, 2025 FY24 Q4 | May 5, 2025 FY25 Q1 | Aug 6, 2025 FY25 Q2 | Nov 3, 2025 FY25 Q3 | Feb 24, 2026 FY25 Q4 | May 6, 2026 FY26 Q1 | Aug 5, 2026 FY26 Q2 |
|---|---|---|---|---|---|---|---|---|
| For FY2028 | ||||||||
| Share repurchase program authorization | — | New“up to $2.0 billion in shares” | — | — | — | — | — | — |
| For FY2026 | ||||||||
| Property expenses (non-reimbursable) (% of total revenue) (5) | — | — | — | — | — | New“Approx 1.5%” | — | — |
| Property expenses (non-reimbursable) (% of total revenue) (6) | — | — | — | — | — | — | New“Approx 1.5%” | Reiterated“Approx 1.5%” |
| Net income per share (1) | — | — | — | — | — | New“$1.65 - $1.69” | — | — |
| Net income per share (2) | — | — | — | — | — | — | New“$1.60 - $1.63” | Lowered“$1.59 - $1.60” |
| AFFO per share | — | — | — | — | — | New“$4.38 - $4.42” | — | Raised“$4.44 - $4.45” |
| AFFO per share | — | — | — | — | — | — | New“$4.41 to $4.44” | — |
| Cash G&A expenses (% of total gross asset value) (3)(4) | — | — | — | — | — | New“20 - 23 bps” | — | — |
| Cash G&A expenses (% of total Gross Asset Value) (4)(5) | — | — | — | — | — | — | New“20 - 23 bps” | Narrowed“21 - 22 bps” |
| G&A expenses inclusive of stock-based compensation expense (% of total gross asset value) | — | — | — | — | — | New“approximately 24 - 27 bps” | — | — |
| Growth rate at the midpoint (AFFO per share) | — | — | — | — | — | — | — | New“approximately 4%” |
| Income tax expenses | — | — | — | — | — | New“$100 - $110 million” | Reiterated“$100 - $110 million” | Reiterated“$100 - $110 million” |
| Initial investment volume | — | — | — | — | — | New“approximately $8.0 billion” | — | — |
| Investment | — | — | — | — | — | — | New“$9.5 billion” | — |
| Investment volume (at 100%) | — | — | — | — | — | — | New“$9.5 billion” | Raised“$10.0 billion” |
| Lease termination income | — | — | — | — | — | New“$30 - $40 million” | Raised“$45 - $50 million” | Reiterated“$45 - $50 million” |
| Occupancy | — | — | — | — | — | New“Approx 98.5%” | Reiterated“Approx 98.5%” | Reiterated“Approx 98.5%” |
| Other adjustments per share (2) | — | — | — | — | — | New“$0.05” | — | — |
| Other adjustments per share (3) | — | — | — | — | — | — | New“$0.16” | Raised“$0.19” |
| Projected annual AFFO per share growth | — | — | — | — | — | — | New“3.0% to 3.7%” | — |
| Real estate depreciation per share | — | — | — | — | — | New“$2.68” | Lowered“$2.65” | Raised“$2.66” |
| Same store rent growth | — | — | — | — | — | New“1.0% - 1.3%” | Reiterated“1.0% - 1.3%” | Narrowed“1.1% - 1.3%” |
| Total operational return | — | — | — | — | — | New“approximately 9%” | — | — |
| For FY2025 | ||||||||
| Cash G&A expenses (% of revenues) (4)(5) | — | New“Approx 3.0%” | — | — | — | — | — | — |
| Cash G&A expenses (% of total revenue) (5)(6) | — | — | New“Approx 3.0%” | Reiterated“Approx 3.0%” | Raised“3.1% - 3.3%” | — | — | — |
| G&A expenses inclusive of stock-based compensation expense (% of rental revenue, excluding reimbursements) | — | New“approximately 3.4% - 3.7%” | Reiterated“approximately 3.4% - 3.7%” | — | Raised“approximately 3.5% - 3.8%” | — | — | — |
| G&A expenses inclusive of stock-based compensation expense as a percentage of rental revenue, excluding reimbursements | — | — | — | New“approximately 3.4% - 3.7%” | — | — | — | — |
| Property expenses (non-reimbursable) (% of revenues) (4) | — | New“1.4% - 1.7%” | — | — | — | — | — | — |
| Property expenses (non-reimbursements) (% of total revenue) (5) | — | — | New“1.4% - 1.7%” | Reiterated“1.4% - 1.7%” | Narrowed“Approx 1.5%” | — | — | — |
| Net income per share (1) | — | New“$1.52 - $1.58” | — | — | — | — | — | — |
| Net income per share (2) | — | — | New“$1.40 - $1.46” | Lowered“$1.29 - $1.33” | Lowered“$1.27 - $1.29” | — | — | — |
| AFFO per share | — | — | — | — | New“$4.25 - $4.27” | — | — | — |
| AFFO per share | — | — | — | New“$4.24 - $4.28” | — | — | — | — |
| AFFO per share (3) | — | New“$4.22 - $4.28” | — | — | — | — | — | — |
| AFFO per share (4) | — | — | New“$4.22 - $4.28” | — | — | — | — | — |
| Income tax expenses | — | New“$80 - $90 million” | Reiterated“$80 - $90 million” | Reiterated“$80 - $90 million” | Reiterated“$80 - $90 million” | — | — | — |
| Investment | — | — | — | New“approximately $5.0 billion” | — | — | — | — |
| Investment volume | — | — | — | — | New“approximately $5.5 billion” | — | — | — |
| Investment volume | — | New“Approx $4.0 billion” | Reiterated“Approx $4.0 billion” | Raised“Approx $5.0 billion” | — | — | — | — |
| Monthly dividend | — | New“$0.268” | — | — | — | — | — | — |
| Occupancy | — | New“Over 98%” | Reiterated“Over 98%” | Reiterated“Over 98%” | Raised“Approx 98.5%” | — | — | — |
| Other adjustments per share (2) | — | New“$0.02” | — | — | — | — | — | — |
| Other adjustments per share (3) | — | — | New“$0.12” | Raised“$0.23” | Raised“$0.27” | — | — | — |
| Real estate depreciation per share | — | New“$2.68” | Raised“$2.70” | Raised“$2.72” | Lowered“$2.71” | — | — | — |
| Same store rent growth | — | New“Approx 1.0%” | Reiterated“Approx 1.0%” | Reiterated“Approx 1.0%” | Reiterated“Approx 1.0%” | — | — | — |
| For FY2024 | ||||||||
| Cash G&A expenses (% of revenues) (6)(7) | New“Approx 3.0%” | — | — | — | — | — | — | — |
| G&A expenses inclusive of stock-based compensation expense as a percentage of rental revenue, excluding reimbursements | New“approximately 3.4% - 3.7%” | — | — | — | — | — | — | — |
| Property expenses (non-reimbursable) (% of revenues) (6) | New“1.2% - 1.5%” | — | — | — | — | — | — | — |
| Net income per share (2) | New“$1.15 - $1.20” | — | — | — | — | — | — | — |
| AFFO per share | New“$4.17 to $4.21 per share” | — | — | — | — | — | — | — |
| AFFO per share growth at the mid-point of the range | New“4.8% growth” | — | — | — | — | — | — | — |
| Disposition volume | New“$550 - $600 million” | — | — | — | — | — | — | — |
| Income tax expenses | New“$65 - $75 million” | — | — | — | — | — | — | — |
| Investment volume | New“approximately $3.5 billion” | — | — | — | — | — | — | — |
| Normalized FFO per share (2)(4) | New“$4.16 - $4.21” | — | — | — | — | — | — | — |
| Occupancy | New“Over 98%” | — | — | — | — | — | — | — |
| Other adjustments per share (3) | New“$0.05” | — | — | — | — | — | — | — |
| Real estate depreciation and impairments per share | New“$2.96” | — | — | — | — | — | — | — |
| Same store rent growth (5) | New“Approx 1.0%” | — | — | — | — | — | — | — |
| No period stated | ||||||||
| Share repurchase program | — | New“up to $2.0 billion in shares of our common stock” | — | — | — | — | — | — |
Values in quotation marks are the company’s words. Change labels compare each statement with the same metric and target year in the previous release. HighGravityData does not judge whether guidance was met.