Brief: Apartment Income Reports Fourth Quarter, Full Year 2022 Results
09/02/2023 23:04
Feb 9 (Reuters) - Apartment Income REIT Corp AIRC.N :
* AIR REPORTS FOURTH QUARTER AND FULL YEAR 2022 RESULTS:
RECORD
SAME STORE NOI GROWTH OF 14.0%; OPERATING FUNDAMENTALS ACROSS
ALL MARKETS REMAIN STRONG
* SEES Q1 PRO FORMA FFO PER SHARE $0.53 TO $0.57
* IN 2023, EXPECTS CONTINUED MOMENTUM WITH SAME STORE
REVENUE
GROWTH OF 7%-9%
* EXPECTS 2023 PRO FORMA FFO PER SHARE IN RANGE OF $2.35 TO
$2.47
* QTRLY NET INCOME PER SHARE OF $2.17
* Q4 EARNINGS PER SHARE VIEW $0.21 -- REFINITIV IBES DATA
* QTRLY REVENUE BEFORE UTILITY REIMBURSEMENTS $141.5 MILLION
VERSUS $128.7 MILLION
* Q4 REVENUE VIEW $205.1 MILLION -- REFINITIV IBES DATA
Source text for Eikon: ID:nBw6MxpP5a
Further company coverage: AIRC.N
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