Apartment Income REIT (NYSE:AIRC) reported quarterly earnings of $0.59 per share. This is a 5.36 percent increase over earnings of $0.56 per share from the same period last year. The company reported quarterly sales of
Apartment Income REIT (NYSE:AIRC) reported quarterly earnings of $0.59 per share which beat the analyst consensus estimate of $0.11 by 436.36 percent. This is a 3.51 percent increase over earnings of $0.57 per share from
Companies Reporting Before The Bell
• AstraZeneca (NASDAQ:AZN) is expected to report quarterly earnings at $0.67 per share on revenue of $11.21 billion.
Wolfe Research analyst Andrew Rosivach initiates coverage on Apartment Income REIT (NYSE:AIRC) with a Outperform rating and announces Price Target of $39.
Higher interest rates — and the expectation that even higher rates are on the way — have made the real estate investment trust (REIT) game a difficult one lately.
There are other factors, to be sure, but this industry is highly interest-rate sensitive and it’s been uncomfortable this year.