RE: 2023 Capital Program2 Nov 2022 20:33
I believe they should stop forecasting NOI - there are too many variables to consider and it becomes a bit of a guessing game. Focusing on output from the capital investment programme would do for me as this is easier to measure and predict than NOI. And it would also take the heat off the BBs in terms of many conversations had around this, which at the moment favours experts in the know. Alternatively, going very low on NOI estimates at beginning of the year and surprising the market with an upgraded confirmed figure at year end would be preferable and lessen the shock of a surprise at the end. I do think year-end NOI will be lower than the revised figure mentioned today - think it will be in the $163-£166 range as further slippage in strip pricing is imo likely.
DYOR