Apartment Income REIT Corp expected to post earnings of 9 cents a share - Earnings Preview

Apartment Income REIT

06/02/2024 22:18

* Apartment Income REIT Corp  AIRC.N   AIRC.K  is expected
to show
a fall in quarterly revenue when it reports  results on February
8 for the period ending December 31 2023
    * The Denver Colorado-based  company is expected to report a
4.1% decrease in revenue to $199.311 million from $207.87
million a year ago, according to the mean estimate from 7
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Apartment Income REIT
Corp is
for earnings of 9 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 $37.00​, above​ its last closing price of $32.55.
​​​

The company's guidance on November 2 2023 for the period ended
December 31 was for Funds Flow from Operations between USD0.63
and USD0.67.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.62        0.62       0.64      Beat    2.6
 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.        0.57        0.57       0.58      Beat    1.2
 30 2022                                                
 Jun. 30 2022  0.67        0.67       0.66      Missed  -1​
 Mar. 31 2022  0.57        0.57       0.57      Met     -0.4
 Dec. 31 2021  0.56        0.57       0.56      Missed  -1.3
 This summary was machine generated February 6 at 22:18 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)