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

Apartment Income REIT

28/07/2023 24:32

* Apartment Income REIT Corp  AIRC.N  reported a quarterly
adjusted loss of 1 cent​​ per share for the quarter ended in
June. The mean expectation of five analysts for the quarter was
for earnings of 2 cents per share.
    * Revenue rose 16.9% to $214.56 million from a year ago;
analysts
expected $211.66 million. 
    * Apartment Income REIT Corp's reported EPS for the quarter
was a
loss of 1 cent​.
    * The mean earnings estimate of analysts had fallen by
about 1.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Apartment Income REIT Corp shares had fallen by 2.5% this
quarter and gained 2.6% so far this year.
    * The company reported a quarterly loss of $1.44 million.
    * Wall Street's median 12-month price target for Apartment
Income
REIT Corp is $40.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
27 at 11:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.60           0.58           Missed
 Mar. 31 2023      0.57           0.55           Missed
 Dec. 31 2022      0.59           0.59           Met
 Sep. 30 2022      0.57           0.58           Beat