The company reported diluted EPS of $0.77 for Q1 2024 ($0.56 a year earlier), FFO per share of $0.87 ($0.85), and Normalized FFO per share of $0.93 ($0.87).

1. 01

   The company reported diluted EPS of $0.77 for Q1 2024 ($0.56 a year earlier), FFO per share of $0.87 ($0.85), and Normalized FFO per share of $0.93 ($0.87).

2. 02

   The company said same store revenue for Q1 2024 rose 4.1% from Q1 2023, same store expenses rose 1.3%, and same store Net Operating Income (NOI) rose 5.5%.

3. 03

   The company said it sold 3 properties with 504 apartment units in Q1 2024 for about $248.5 million, and repurchased and retired 652,452 common shares at a weighted average price of $58.95, for a total of about $38.5 million.

4. 04

   The company set its Normalized FFO per share guidance for Q2 2024 at $0.92 to $0.96 and said it is not revising its full-year EPS, FFO per share, or Normalized FFO per share guidance.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.