Canadian Apartment Properties Real Estate Investment Trust expected to post a share - Earnings Preview

Canadian Apartment Properties Real Estate Investment Trust

06/08/2024 03:58

* Canadian Apartment Properties Real Estate Investment Trust
 CAR_u.TO   is expected to show a rise in quarterly revenue when
it reports  results on August 7 for the period ending June
30 2024
    * The Toronto Ontario-based  company is expected to report a
4.9% increase in revenue to C$276.85 million from C$263.8
million a year ago, according to the mean estimate from 2
analysts, based on LSEG data. (SAL is on Total Revenue basis)
    * ​LSEG's mean analyst estimate for Canadian Apartment
Properties
Real Estate Investment Trust is for earnings of 64 cents per
share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Canadian
Apartment Properties Real Estate Investment Trust is C$56.50​,
above​ its last closing price of C$48.61. ​​​

This summary was machine generated August 6 at 02:58 GMT.  All
figures in Canadian 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)