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

Apartment Income REIT

11/05/2024 24:22

* Apartment Income REIT Corp  AIRC.N  reported a quarterly
adjusted loss of 5 cents​​ per share for the quarter ended in
March, higher than the same quarter last year, when the company
reported EPS of -8 cents.  The mean expectation of five analysts
for the quarter was for breakeven results per share. Wall Street
expected results to range from -5 cents to 4 cents per share.
    * Revenue fell 7.7% to $195.62 million from a year ago;
analysts
expected $197.84 million. 
    * Apartment Income REIT Corp's reported EPS for the quarter
was a
loss of 5 cents​.
    * The company reported a quarterly loss of $6.57 million.
    * Apartment Income REIT Corp shares had risen by 18.8% this
quarter and gained 11.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 10
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Apartment
Income
REIT Corp is $39.00 

This summary was machine generated from LSEG data May 10 at
11:21 p.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
 Mar. 31 2024      0.57           0.56           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