Apartment Income REIT Q2 FFO $0.58 Down From $0.66 YoY, Sales $214.56M Beat $211.66M Estimate
Portfolio Pulse from saritha@benzinga.com
Apartment Income REIT (NYSE:AIRC) reported Q2 earnings of $0.58 per share, a decrease of 12.12% YoY. However, the company's quarterly sales of $214.56 million beat the analyst consensus estimate of $211.66 million by 1.37%, marking a 16.93% increase YoY.
July 27, 2023 | 9:11 pm
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NEUTRAL IMPACT
AIRC's Q2 earnings per share decreased by 12.12% YoY, but sales beat estimates by 1.37% and increased by 16.93% YoY.
While AIRC's earnings per share decreased, the company's sales beat estimates and increased YoY. This mixed result could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100