Apartment Income REIT reports Q1 FFO 55c, consensus 58c
The Fly

Apartment Income REIT reports Q1 FFO 55c, consensus 58c

Reports Q1 revenue $212.0M, consensus $207.3M. Terry Considine, CEO, comments: "AIR’s first quarter results were on plan. In our Same Store portfolio, revenue was up 10.1%; expenses were up 3.3%; and Net Operating Income was up 12.7%. Profitability leads all peers: margin widened to 73.9%; conversion of revenue to Free Cash Flow improved to 66.2%; and controllable operating expenses were down 20-basis points. Rental rate increases in Signed New Leases, a key forward indicator, remain strong."

Published first on TheFly

See the top stocks recommended by analysts >>

Read More on AIRC:

Related Articles
Ryan AdistApartment Income Reit Corp (AIRC) Q2 Earnings Cheat Sheet
TheFlyBlackstone completes privatization of AIR Communities for $10B
TipRanks Auto-Generated NewsdeskApartment Income REIT Merges with Blackstone Entities
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App