Appreciate sees FY22 revenue at $28.3M, one estimate $27.9M

In FY22, Marketplace revenue declined by an estimated 5.9% to $5.8 million, after growing for the first three quarters of the year. Total managed property count as of December 31, 2022 was 8,004, excluding Franchise properties, an increase of 11.9% over the corresponding figure at December 31, 2021. The increase in the number of homes was primarily driven by growth in the Company’s Institutional business. Shares of Appreciate are down 4% afterhours.