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

Apartment Income REIT

03/11/2022 23:44

* Apartment Income REIT Corp  AIRC.N  reported quarterly
adjusted
earnings of 1 cent​​ per share for the quarter ended in
September. The mean expectation of six analysts for the quarter
was for earnings of 19 cents per share.
    * Revenue rose 4.7% to $200.87 million from a year ago;
analysts
expected $194.17 million. 
    * Apartment Income REIT Corp's reported EPS for the quarter
was 1
cent​.
    * The mean earnings estimate of analysts had fallen 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 2.8% this
quarter and lost 31.4% so far this year.
    * The company reported quarterly net income of $1.76
million.
    * Wall Street's median 12-month price target for Apartment
Income
REIT Corp is $46.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"hold" and 2 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
3 at 11:44 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.57           0.58           Beat
 Jun. 30 2022      0.67           0.66           Missed
 Mar. 31 2022      0.57           0.57           Met
 Dec. 31 2021      0.57           0.56           Missed