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Icons

**General Information**

**Company Name:** Icons

**Stock Symbol:** HOUSE

**Exchange:** Nasdaq

**Industry:** Real Estate Investment Trust (REIT)

**Sector:** Real Estate

**Headquarters:** Chicago, Illinois

**Website:** https://www.iconsreit.com/

**Business Description:**

Icons is a REIT that invests primarily in multifamily residential properties in the United States. The company's portfolio consists of a mix of apartment buildings, townhomes, and single-family homes.

**Key Financial Metrics:**

**Earnings:**

* Q4 2022: $0.33 per share

* Full-year 2022: $1.30 per share

**Growth:**

* Revenue growth (Q4 2022 vs. Q4 2021): 13.2%

* Funds from operations (FFO) growth (Q4 2022 vs. Q4 2021): 11.1%

**Dividend:**

* Quarterly dividend: $0.30 per share

* Dividend yield (as of March 8, 2023): 4.6%

**Valuation:**

* Market capitalization (as of March 8, 2023): $1.7 billion

* Price-to-FFO ratio (as of March 8, 2023): 13.5x

**Recent Developments:**

* In January 2023, Icons announced the acquisition of a 324-unit apartment complex in Nashville, Tennessee.

* In February 2023, the company raised $100 million in a public offering of common stock.

**Outlook:**

Icons expects continued growth in its portfolio and earnings in 2023. The company is targeting FFO per share growth of 6-8% for the year.

**Risks:**

* Rising interest rates could impact the company's ability to acquire and finance new properties.

* A downturn in the real estate market could lead to a decline in property values and rental income.

* Competition from other REITs and private equity firms could limit Icons' growth opportunities.