Appreciate sees Q1 revenue $6.7M, a decline of 3.7% from Q1 2022

Preliminary revenue of the Management segment was approximately $6.5 million, representing a growth of 29.7% over the corresponding figure for the first quarter of 2022. While both Retail and Institutional client categories experienced year-over-year growth, the increase was primarily driven by revenue from Institutional clients, which more than doubled compared to Q1 of 2022. Total managed property count as of March 31, 2023 was 8,274, excluding Franchise properties, an increase of 14.7% over the corresponding figure at March 31, 2022.