Apartment Income REIT Corp expected to post a loss of 3 cents a share - Earnings Preview

Apartment Income REIT

28/04/2023 21:41

* Apartment Income REIT Corp  AIRC.N   AIRC.K  is expected
to show
a rise in quarterly revenue when it reports  results on May 1. 
    * The Denver Colorado-based  company is expected to report 
a
14.2% increase in revenue to $207.264 million from $181.48
million a year ago, according to the mean estimate from 6
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Apartment Income
REIT
Corp is for a loss of 3 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Apartment
Income
REIT Corp is $39​, above​ its last closing price of $36.14. ​​​

The company's guidance on February 9 2023 for the period ended
March 31 was for Funds Flow from Operations between USD0.53 and
USD0.57.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.59        0.59       0.59      Met     -0.7
 Sep. 30 2022  0.57        0.57       0.58      Beat    1.2
 Jun. 30 2022  0.67        0.67       0.66      Missed  -1​
 Mar. 31 2022  0.57        0.57       0.57      Met     -0.4
 ​​Dec.        0.56        0.57       0.56      Missed  -1.3
 31 2021                                                
 Sep. 30 2021  0.54        0.54       0.56      Beat    3.6​
 Jun. 30 2021  0.50        0.50       0.52      Beat    4.5
 Mar. 31 2021  0.49        0.49       0.50      Beat    2.2
 This summary was machine generated April 28 at 20:41 GMT.  All
figures in US dollars  unless otherwise stated