Apartment Income REIT Corp reports results for the quarter ended in December - Earnings Summary

Apartment Income REIT

10/02/2023 24:33

* Apartment Income REIT Corp  AIRC.N  reported quarterly
adjusted
earnings of $2.17​​ per share for the quarter ended in December.
The mean expectation of six analysts for the quarter was
for earnings of 21 cents per share.
    * Revenue rose 7% to $207.87 million from a year ago;
analysts
expected $205.07 million. 
    * Apartment Income REIT Corp's reported EPS for the quarter
was
$2.17​.
    * The mean earnings estimate of analysts had fallen by
about 1.6%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Apartment Income REIT Corp shares had risen by 13.6% this
quarter.
    * The company reported quarterly net income of $329.28
million.
    * Wall Street's median 12-month price target for Apartment
Income
REIT Corp is $40.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
10 at 12:33 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.59           0.59           Met
 Sep. 30 2022      0.57           0.58           Beat
 Jun. 30 2022      0.67           0.66           Missed
 Mar. 31 2022      0.57           0.57           Met