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

Apartment Income REIT

09/02/2024 06:04

* Apartment Income REIT Corp  AIRC.N  reported a quarterly
adjusted loss of 11 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of $2.17.  The mean expectation of
six analysts for the quarter was for earnings of 9 cents per
share. Wall Street expected results to range from -5 cents to 16
cents per share.
    * Revenue fell 5.5% to $196.36 million from a year ago;
analysts
expected $199.31 million. 
    * Apartment Income REIT Corp's reported EPS for the quarter
was a
loss of 11 cents​.
    * The company reported a quarterly loss of $16.26 million.
    * Apartment Income REIT Corp shares had fallen by 7.1% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the residential
reits
peer group is also "buy"

Wall Street's median 12-month price target for Apartment Income
REIT Corp is $37.00 
This summary was machine generated from LSEG data February 9 at
06:04 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.64           0.64           Met
 Sep. 30 2023      0.62           0.64           Beat
 Jun. 30 2023      0.60           0.58           Missed
 Mar. 31 2023      0.57           0.55           Missed