Sign in

    Matis Farges

    Vice President and Equity Research Analyst at Citigroup

    Matis Farges is a Vice President and Equity Research Analyst at Citigroup, specializing in the coverage of major industrial and transportation companies. He is known for providing actionable insights on firms such as FedEx, UPS, Expeditors International, and XPO Logistics, and has built a strong track record of investment calls with a success rate around 60% according to TipRanks, generating a notable average return for clients. Farges began his finance career in the early 2010s, working at BNP Paribas before joining Citi in 2018, and has since demonstrated expertise in equity analysis and sector trends. He holds FINRA Series 7 and 63 licenses, further establishing his credentials in the industry.

    Matis Farges's questions to NNN REIT (NNN) leadership

    Matis Farges's questions to NNN REIT (NNN) leadership • Q3 2024

    Question

    Matis Farges, on for Smedes Rose, asked for an explanation of the moving parts behind the slight decline in the AFFO guidance midpoint, despite lower SG&A and higher acquisition targets. He also inquired again about plans to increase the credit loss assumption for 2025.

    Answer

    CFO Kevin B. Habicht advised not to read too much into the AFFO guidance tweak, attributing it to minor per-share rounding and an effort to align the Core FFO and AFFO guidance ranges. On the 2025 credit loss, he reiterated that while an assumption above 100 basis points is possible, the company will wait for more clarity on the Frisch's and Badcock situations before issuing formal guidance.

    Ask Fintool Equity Research AI