Air Lease Corporation's stock has risen 30% since August, driven by a 4.7% revenue increase and higher aircraft sales despite higher operating expenses. Net spread remains pressured due to the inability to pass higher interest rates on existing leases, but post-pandemic leases in 2025 should improve net spread. Valuation based on book value suggests a 6-11% upside, while EV/EBITDA valuation projects a $61.79 price target for 2025, maintaining a buy rating.
With AL's shares appreciating lately, we assess the stock's current positioning to determine whether it's a good investment choice at this juncture.
AL's third-quarter 2024 results benefit from fleet growth and increased gains from aircraft sales.
Air Lease Corporation (AL) Q3 2024 Earnings Conference Call Transcript
Air Lease (AL) came out with quarterly earnings of $1.25 per share, beating the Zacks Consensus Estimate of $1.22 per share. This compares to earnings of $1.10 per share a year ago.
Air Lease's third-quarter results are expected to be boosted by upbeat flight equipment rental revenues.
Air Lease (AL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Air Lease benefits from the uptick in air travel demand. The shareholder-friendly initiative is praiseworthy.
Air Lease's surge in operating expenses does not bode well for the company. Elevated interest expenses and weak liquidity are hurting the company's bottom line.
Investors need to pay close attention to Air Lease (AL) stock based on the movements in the options market lately.
Air Lease Corporation preferred stock offers a compelling proposition for income investors. Fixed-floating rate preferred stock offers a higher yield than common stock with limited risk. Air Lease Corporation Series A preferred stock offers attractive yield, but potential for redemption in the future, buy after ex-dividend date for lower risk.
Air Lease (AL) second-quarter 2024 results are hurt by sales of older aircraft with higher lease yields, purchases of new aircraft with lower initial lease yields and reduced gains from aircraft sales.