Apartment Income REIT Corp expected to post earnings of 2  cents a share - Earnings Preview

Apartment Income REIT

26/07/2023 24:18

* Apartment Income REIT Corp  AIRC.N   AIRC.K  is expected
to show
a rise in quarterly revenue when it reports  results on July
27. 
    * The Denver Colorado-based  company is expected to report 
a
15.3% increase in revenue to $211.663 million from $183.5
million a year ago, according to the mean estimate from 7
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Apartment Income
REIT
Corp is for earnings of 2 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 5
"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 $40.5​, above​ its last closing price of $35.26.
​​​

The company's guidance on May 1 2023 for the period ended June
30 was for Funds Flow from Operations between USD0.55 and
USD0.59.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.57        0.57       0.55      Missed  -3.8
 Dec. 31 2023  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.        0.57        0.57       0.57      Met     -0.4
 31 2022                                                
 Dec. 31 2021  0.56        0.57       0.56      Missed  -1.3​
 Sep. 30 2021  0.54        0.54       0.56      Beat    3.6
 Jun. 30 2021  0.50        0.50       0.52      Beat    4.5
 This summary was machine generated July 25 at 23:18 GMT.  All
figures in US dollars  unless otherwise stated