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

Apartment Income REIT

02/11/2023 23:06

* Apartment Income REIT Corp  AIRC.N  reported a quarterly
adjusted loss of 20 cents​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of 1 cents.  The mean expectation of
six analysts for the quarter was for earnings of 18 cents per
share. Wall Street expected results to range from 8 cents to 48
cents per share.
    * Revenue fell 1.8% to $197.31 million from a year ago;
analysts
expected $211.11 million. 
    * Apartment Income REIT Corp's reported EPS for the quarter
was
$4.43​.
    * The company reported quarterly net income of $663.6
million.
    * Apartment Income REIT Corp shares had fallen by 7.0% this
quarter and lost 16.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the residential
reits
peer group is also "buy"

Wall Street's median 12-month price target for Apartment Income
REIT Corp is $37.00 
This summary was machine generated from LSEG data November 2 at
11:06 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.62           0.64           Beat
 Jun. 30 2023      0.60           0.58           Missed
 Mar. 31 2023      0.57           0.55           Missed
 Dec. 31 2022      0.59           0.59           Met