Apartment Income REIT Q4 FFO $0.64 Up From $0.59 YoY, Sales $196.36M Miss $199.31M Estimate
Portfolio Pulse from saritha@benzinga.com
Apartment Income REIT (AIRC) reported a Q4 FFO of $0.64 per share, up from $0.59 YoY, but missed sales estimates with $196.36M against the expected $199.31M. This represents a 5.54% decrease in sales compared to the same period last year.
February 08, 2024 | 9:32 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Apartment Income REIT reported a Q4 FFO increase to $0.64 per share from $0.59 YoY but missed sales estimates, reporting $196.36M against the expected $199.31M.
While AIRC showed a positive growth in FFO per share, indicating operational efficiency and profitability, the miss on sales estimates could raise concerns about revenue growth and market expectations. The mixed results may lead to a neutral short-term impact on the stock price as investors weigh the positive FFO growth against the missed revenue expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100