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

Apartment Income REIT

29/07/2022 24:38

* Apartment Income REIT Corp  AIRC.N  reported quarterly
adjusted
earnings of $1.26​​ per share for the quarter ended in June. The
mean expectation of six analysts for the quarter was
for earnings of 22 cents per share.
    * Revenue rose 2.9% to $183.50 million from a year ago;
analysts
expected $185.74 million. 
    * Apartment Income REIT Corp's reported EPS for the quarter
was
$1.26​.
    * The mean earnings estimate of analysts had risen by
about 11.3%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Apartment Income REIT Corp shares had risen by 4.6% this
quarter and lost 20.4% so far this year.
    * The company reported quarterly net income of $196.72
million.
    * Wall Street's median 12-month price target for Apartment
Income
REIT Corp is $45.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data July 28
at 11:38 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.67           0.66           Missed
 Mar. 31 2022      0.57           0.57           Met
 Dec. 31 2021      0.57           0.56           Missed
 Sep. 30 2021      0.54           0.56           Beat