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

• Apartment Income REIT Corp AIRC 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)