
AIRC Stock Forecast & Price Target
AIRC Analyst Ratings
Bulls say
Apartment Income REIT is projected to deliver solid same-store revenue growth for 2023 and 2024, with estimates at 7.8% and 4.7% respectively. The company is also forecasted to outpace peers in the sector with robust 2024 same-store NOI and Funds from Operations (FFOps) growth. Despite this strong performance, Apartment Income REIT's stock is currently trading at the second lowest 2024 Estimated FFO multiple and the lowest Funds Available for Distribution (FAD) multiple, signaling potential undervaluation in the market.
Bears say
Apartment Income REIT is facing the potential threat of reduced portfolio value and earnings multiples due to rising interest rates, as well as a possible underperformance stemming from weaker apartment rental demand or increased supply, particularly in Miami and Philadelphia. The company is also sensitive to same-store revenue and Net Operating Income (NOI) fluctuations, with any performance trend differing from the recent trendline likely to impact the stock. Major risks include adverse impacts from rising capitalization rates, lower-than-expected job growth due to an economic slowdown, heightened competition, and increased rent control restrictions in AIRC's markets.
This aggregate rating is based on analysts' research of Apartment Income REIT Corp and is not a guaranteed prediction by Public.com or investment advice.
AIRC Analyst Forecast & Price Prediction
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