Apartment Income REIT Corp. (AIRC)
| Market Cap | 5.11B |
| Revenue (ttm) | 831.73M |
| Net Income (ttm) | 979.98M |
| Shares Out | 146.99M |
| EPS (ttm) | 6.47 |
| PE Ratio | 5.37 |
| Forward PE | 108.09 |
| Dividend | $1.80 (5.18%) |
| Ex-Dividend Date | Nov 16, 2023 |
| Volume | 1,206,462 |
| Open | 34.83 |
| Previous Close | 35.10 |
| Day's Range | 34.68 - 35.10 |
| 52-Week Range | 28.22 - 40.29 |
| Beta | 0.91 |
| Analysts | Strong Buy |
| Price Target | 38.14 (+9.82%) |
| Earnings Date | Feb 8, 2024 |
About AIRC
Apartment Income REIT Corp (NYSE: AIRC) is a publicly traded, self-administered real estate investment trust ("REIT"). AIR's portfolio comprises 75 communities totaling 26,623 apartment homes located in 10 states and the District of Columbia. AIR offers a simple, predictable business model with focus on what we call the AIR Edge, the cumulative result of our focus on resident selection, satisfaction, and retention, as well as relentless innovation in delivering best-in-class property management. The AIR Edge is a durable operating advantage in ... [Read more]
Financial Performance
In 2022, AIRC's revenue was $773.72 million, an increase of 4.44% compared to the previous year's $740.85 million. Earnings were $903.64 million, an increase of 102.10%.
Financial StatementsAnalyst Forecast
According to 8 analysts, the average rating for AIRC stock is "Strong Buy." The 12-month stock price forecast is $38.14, which is an increase of 9.82% from the latest price.
News
AIR Communities Honored with Multi-Housing News Excellence Award for Best ESG Program
DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. (NYSE: AIRC) (“AIR” or “AIR Communities”) has been recognized by Multi-Housing News (MHN) as an Excellence Award winner for Best ESG Program. The a...
AIR Communities Reports Third Quarter 2023 Results
DENVER--(BUSINESS WIRE)---- $AIRC #AIRC--AIR Communities Reports Third Quarter 2023 Results.
AIR Communities Announces Quarterly Common Dividend of $0.45 Per Share
DENVER--(BUSINESS WIRE)---- $AIRC #AIRC--AIR COMMUNITIES ANNOUNCES QUARTERLY COMMON DIVIDEND OF $0.45 PER SHARE.
AIR Communities Announces 2023 GRESB Performance
DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. (NYSE: AIRC) (“AIR” or “AIR Communities”) today announced a 2023 GRESB score of 82 out of 100. AIR received a 100% score for both leadership and re...
AIR Communities Publishes 2022/2023 Corporate Responsibility Report
DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. (NYSE: AIRC) (“AIR” or “AIR Communities”) today announced the publication of its 2022/2023 Corporate Responsibility Report. The report highlights A...
AIR Communities Announces Dates for Its Third Quarter Earnings Release and Conference Call
DENVER--(BUSINESS WIRE)---- $AIRC #AIRC--AIR COMMUNITIES ANNOUNCES DATES FOR ITS THIRD QUARTER EARNINGS RELEASE AND CONFERENCE CALL.
AIR Communities to Participate in Bank of America Securities 2023 Global Real Estate Conference
DENVER--(BUSINESS WIRE)---- $AIRC #AIRC--AIR Communities to Participate in Bank of America Securities 2023 Global Real Estate Conference.
Top Calls: Truist Adjusts View on Apartment REITs
Michael Lewis, Trust Securities Managing Director for REIT Equity Research, joins Katie Greifeld and Vonnie Quinn to discuss the big movers on the back of analyst recommendations on Bloomberg Markets:...
AIR Communities Announces CIO Transition
DENVER--(BUSINESS WIRE)---- $AIRC #AIRC--AIR COMMUNITIES ANNOUNCES CIO TRANSITION.
The 3 Most Promising Real Estate Stocks To Watch This Quarter
Real estate is one of the backbones of the American economy. As the latter begins to pivot into a cycle of uncertainty amid FED rate hikes and inflationary concerns, the housing market will surely rec...
AIR Communities Reports Second Quarter 2023 Results
DENVER--(BUSINESS WIRE)---- $AIRC #AIRC--AIR Communities Reports Second Quarter 2023 Results.
Affordability strains in housing are benefiting single-family REITs, says Mizuho's Haendel St. Juste
Haendel St. Juste, senior REIT analyst at Mizuho Securities, joins 'The Exchange' to discuss areas of opportunity in the REIT sector, top names in gaming REITs, and more.
AIR Communities Announces Dates for Its Second Quarter Earnings Release and Conference Call
DENVER--(BUSINESS WIRE)---- $AIRC #AIRC--AIR COMMUNITIES ANNOUNCES DATES FOR ITS SECOND QUARTER EARNINGS RELEASE AND CONFERENCE CALL.
Do you need investment income? Here are 20 REIT stocks with dividends expected to be well supported through 2025.
Investors have good reason to be concerned about the real-estate market. It has been obvious for decades that the U.S. has too many retail properties, and now, changing work habits promise to put down...
AIR Communities Presents 2023 Housing Impact Award
LOS ANGELES--(BUSINESS WIRE)--Apartment Income REIT Corp. ("AIR" or “AIR Communities”) (NYSE: AIRC) presented the annual AIR Communities Housing Impact Award to Los Angeles City Council President Paul...
AIR Communities Announces two Joint Ventures with a Value of $1.2 Billion; Proceeds to be used to Reduce Indebtedness and Fund Accretive Acquisitions
DENVER--(BUSINESS WIRE)---- $AIRC #AIRC--AIR Communities Announces two Joint Ventures with a Value of $1.2 Billion; Proceeds to be used to Reduce Indebtedness and Fund Accretive Acquisitions.
AIR Communities Announces Date of 2023 Annual Meeting and Continues its Commitment to Corporate Governance Excellence
DENVER--(BUSINESS WIRE)---- $AIRC #AIRC--AIR Communities Announces Date of 2023 Annual Meeting and Continues its Commitment to Corporate Governance Excellence.
AIR Communities Named a 2023 Top Workplace in South Florida
Miami, Florida, May 09, 2023 (GLOBE NEWSWIRE) -- Apartment Income REIT Corp. ("AIR" or “AIR Communities”) (NYSE: AIRC) today announced that it has been named a Top Workplace in South Florida by The Su...
AIR Communities Earns Tenth Denver Post Top Workplace Award
Denver, May 03, 2023 (GLOBE NEWSWIRE) -- Apartment Income REIT Corp. ("AIR" or “AIR Communities”) (NYSE: AIRC) announced today that it has been named a Top Workplace in Colorado by The Denver Post, ma...
AIR Communities Reports Strong Start to 2023, First Quarter Same Store:
DENVER--(BUSINESS WIRE)---- $AIRC #AIRC--AIR Communities Reports Strong Start to 2023.
AIR Communities Announces Dates for Its First Quarter Earnings Release and Conference Call
DENVER--(BUSINESS WIRE)---- $AIRC #AIRC--AIR Communities Announces Dates for Its First Quarter Earnings Release and Conference Call
AIR Communities Named a Kingsley Elite Five Multifamily Company for Customer Service Excellence
DENVER, March 22, 2023 (GLOBE NEWSWIRE) -- Apartment Income REIT Corp. ("AIR" or “AIR Communities”) (NYSE: AIRC) announced that it was named a Kingsley Excellence Elite Five multifamily company and a ...
Supporting Students in Affordable Housing: AIR Gives Opportunity Scholarship Now Open
Denver, CO, March 15, 2023 (GLOBE NEWSWIRE) -- Apartment Income REIT Corp. ("AIR" or “AIR Communities”) (NYSE: AIRC) is continuing its longstanding partnership with the National Leased Housing Associa...
AIR Communities to Present at Citi 2023 Global Property CEO Conference
DENVER--(BUSINESS WIRE)---- $AIRC #AIRC--Apartment Income REIT Corp. ("AIR") (NYSE: AIRC) announced today that Chief Executive Officer, Terry Considine and CFO, Paul Beldin, will host a roundtable dis...