Associated Estates Realty Corporation (NASDAQ:AEC) reported its results for the first quarter. Associated Estates Realty Corporation is a fully integrated multifamily real estate company engaged in property acquisition, advisory, development, construction, management, disposition, operation and ownership activities.
Associated Estates Realty Earnings Cheat Sheet for the First Quarter
Results: Reported a loss of 7 cents/diluted share in the quarter. The real estate investment trust had a net loss of $2.9 million or a loss of 19 cents per share in the year earlier quarter.
Revenue: Rose 31.6% to $43.4 million YoY.
Actual vs. Wall St. Expectations: The estimate range for AEC was 19 cents per share to 28 cents per share with adjustments.
Competitors to Watch: Colonial Properties Trust (NYSE:CLP), UDR, Inc. (NYSE:UDR), Camden Property Trust (NYSE:CPT), Equity Residential (NYSE:EQR), BRE Properties, Inc. (NYSE:BRE), Mid-America Apartment (NYSE:MAA), Home Properties, Inc. (NYSE:HME), AvalonBay Communities, Inc. (NYSE:AVB), Essex Property Trust, Inc. (NYSE:ESS), and Apartment Investment and Management Co. (NYSE:AIV).
Today’s Performance: Shares of AEC are unchanged at $16.37 in after hours trading.