Apartment Income REIT Corp expected to post earnings of 18  cents a share - Earnings Preview

Apartment Income REIT

01/11/2023 02:43

* Apartment Income REIT Corp  AIRC.N   AIRC.K  is expected
to show
a rise in quarterly revenue when it reports  results on November
2. 
    * The Denver Colorado-based  company is expected to report 
a
5.1% increase in revenue to $211.114 million from $200.87
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data. 
    * ​Refinitiv's mean analyst estimate for Apartment Income
REIT
Corp is for earnings of 18 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 4
"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 $38​, above​ its last closing price of $29.21. ​​​

The company's guidance on July 28 2023 for the period ended
September 30 was for Funds Flow from Operations .
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  0.60        0.60       0.58      Missed  -3.1
 Mar. 31 2023  0.57        0.57       0.55      Missed  -3.8
 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.        0.67        0.67       0.66      Missed  -1
 30 2022                                                
 Mar. 31 2022  0.57        0.57       0.57      Met     -0.4​
 Dec. 31 2021  0.56        0.57       0.56      Missed  -1.3
 Sep. 30 2021  0.54        0.54       0.56      Beat    3.6
 This summary was machine generated November 1 at 02:42 GMT.  All
figures in US dollars  unless otherwise stated