Apartment Income REIT Corp. (AIRC)
Market Cap | 4.69B |
Revenue (ttm) | 820.04M |
Net Income (ttm) | 634.44M |
Shares Out | 144.92M |
EPS (ttm) | 4.27 |
PE Ratio | 7.60 |
Forward PE | 397.92 |
Dividend | $1.80 (5.54%) |
Ex-Dividend Date | Feb 15, 2024 |
Volume | 992,672 |
Open | 32.09 |
Previous Close | 31.93 |
Day's Range | 32.08 - 32.70 |
52-Week Range | 28.22 - 37.36 |
Beta | 0.89 |
Analysts | Buy |
Price Target | 37.17 (+14.48%) |
Earnings Date | Apr 29, 2024 |
About AIRC
Apartment Income REIT Corp (NYSE: AIRC) is a publicly traded, self-administered real estate investment trust ("REIT"). AIR's portfolio comprises 76 communities totaling 27,010 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 2023, AIRC's revenue was $820.04 million, an increase of 5.99% compared to the previous year's $773.72 million. Earnings were $634.44 million, a decrease of -29.79%.
Financial StatementsAnalyst Forecast
According to 8 analysts, the average rating for AIRC stock is "Buy." The 12-month stock price forecast is $37.17, which is an increase of 14.48% from the latest price.
News
AIR Communities Named National Top Workplace Winner
DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. (NYSE: AIRC) (“AIR” or “AIR Communities”) has received a 2024 Top Workplaces USA award, as featured in USA TODAY. The award winners are determined ...
Four New Retailers Coming to 21 Fitzsimons and The Fremont on the Anschutz Medical Campus
AURORA, Colo.--(BUSINESS WIRE)--Apartment Income REIT Corp. (NYSE: AIRC) (“AIR” or “AIR Communities”) is thrilled to announce the arrival of four new retailers at 21 Fitzsimons and The Fremont, two pr...
AIR Communities to Present at Citi 2024 Global Property CEO Conference
DENVER--(BUSINESS WIRE)--AIR announced today that CEO Terry Considine, and CFO, Paul Beldin, will host a roundtable discussion at the Citi 2024 Global Property CEO Conference.
Retail real estate 'under invested in' and outlook is strong, says Nuveen's Carly Tripp
Carly Tripp, Nuveen Real Estate Head of Investments, joins 'Closing Bell Overtime' to talk pending home sales dropping in January.
AIR Communities Announces Date of 2024 Annual Meeting and Continues its Commitment to Corporate Governance Excellence
DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. (NYSE: AIRC) has announced that the date of its 2024 annual meeting of shareholders will be June 14, 2024.
AIR Communities Reports Fourth Quarter 2023 Results
DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. ("AIR") (NYSE: AIRC) announced today results for the fourth quarter and full year 2023.
AIR Communities Announces Quarterly Common Dividend of $0.45 Per Share
DENVER--(BUSINESS WIRE)---- $AIRC #AIRC--Apartment Income REIT Corp. announces quarterly cash dividend of $0.45 per share of Class A Common Stock for the quarter ended December 31, 2023.
AIR Communities Announces 2023 Dividend Income Tax Allocations
DENVER--(BUSINESS WIRE)---- $AIRC #AIRC--2023 Tax Treatment of Dividends.
AIR Communities Announces Dates for Fourth Quarter and Year-End 2023 Earnings Release and Conference Call
DENVER--(BUSINESS WIRE)---- $AIRC #AIRC--AIR Announces Dates for Fourth Quarter and Year-End 2023 Earnings Release and Conference Call.
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 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.
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.