-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
AerCap delivered record Q1 adj. EPS of $5.39, up 46% Y/Y, beating consensus by $1.68, while generating 19% adjusted ROE. Revenues rose 8% Y/Y to $2.24B (+9% above consensus), driven by basic lease rents of $1.68B and robust asset sales of $1.5B generating $291M in gains (+64% Y/Y) at 24% unlevered margins. The company achieved an 87% lease extension rate and executed strong capital deployment with $745M in share repurchases. Management raised full-year 2026 adjusted EPS guidance to ~$14.50 (from a range of $12.00 to $13.00), excluding additional asset sale gains. AerCap added 110 new A320neo aircraft to its order book, with deliveries starting in 2028, positioning the company to capitalize on persistent OEM production constraints. We believe the combination of elevated asset values, premium pricing power, and locked-in delivery slots for fuel-efficient aircraft should drive sustained spread expansion and excess capital generation well beyond 2026. This creates potential for continued double-digit EPS growth.