05:33 PM EDT, 05/06/2024 (MT Newswires) -- Air Lease ( AL ) reported Q1 adjusted earnings late Monday of $1.31 per diluted share, down from $1.50 a year earlier.

Three analysts surveyed by Capital IQ expected $1.23.

Revenue for the quarter ended March 31 was $663.3 million, up from $636.1 million a year earlier.

Analysts surveyed by Capital IQ expected $677.4 million.

The company has maintained a quarterly dividend of $0.21 per share, payable on July 8 to holders of record on June 4.

Air Lease ( AL ) also separate filed mixed shelf and secondary offering registration statements.

The mixed shelf covers debt securities, preferred and common stock, warrants, depositary shares, rights, purchase contracts and units. The secondary offering includes 4.64 million shares to be offered by selling stockholders.

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