Apartment Income REIT Q3 2023 FFO $0.64 Up From $0.58 YoY, Revenue $197.307M Misses $211.114M Estimate
Portfolio Pulse from Benzinga Newsdesk
Apartment Income REIT (AIRC) reported Q3 2023 FFO of $0.64, up from $0.58 YoY. However, the company's revenue of $197.307M missed the estimate of $211.114M.
November 02, 2023 | 8:55 pm
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NEUTRAL IMPACT
AIRC's Q3 2023 FFO increased YoY, but revenue missed estimates. This mixed result could lead to uncertainty in the market.
AIRC's Q3 2023 results show a positive trend in FFO, which is a key indicator of a REIT's performance. However, the missed revenue estimate could be a concern for investors, leading to potential uncertainty in the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100