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

Apartment Income REIT

03/05/2022 24:13

* Apartment Income REIT Corp  AIRC.N  reported a quarterly
adjusted loss of 23 cents​​ per share for the quarter ended in
March. The mean expectation of five analysts for the quarter was
for earnings of 39 cents per share.
    * Revenue rose 3.9% to $181.48 million from a year ago; 
analysts
expected $189.79 million. 
    * Apartment Income REIT Corp's reported EPS for the quarter
was
$2.39​.
    * The mean earnings estimate of analysts had risen by
about 0.6%
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 8.0% this
quarter and lost 10.1% so far this year.
    * The company reported quarterly net income of $375.88
million.
    * Wall Street's median 12-month price target for Apartment
Income
REIT Corp is $59.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated May 2 at 11:13 p.m.  ​All
figures in US dollars unless otherwise stated