Apartment Income REIT Corp. (AIRC)

NYSE: AIRC · IEX Real-Time Price · USD
31.21
-0.47 (-1.48%)
At close: Sep 22, 2023, 4:00 PM
31.83
+0.62 (1.99%)
After-hours: Sep 22, 2023, 7:56 PM EDT
-1.48%
Market Cap 4.66B
Revenue (ttm) 835.30M
Net Income (ttm) 318.14M
Shares Out 149.22M
EPS (ttm) 2.05
PE Ratio 15.22
Forward PE 130.20
Dividend $1.80 (5.77%)
Ex-Dividend Date Aug 17, 2023
Volume 434,034
Open 31.67
Previous Close 31.68
Day's Range 31.17 - 31.77
52-Week Range 31.17 - 40.29
Beta 0.88
Analysts Strong Buy
Price Target 40.57 (+29.99%)
Earnings Date Nov 2, 2023

About AIRC

Apartment Income REIT Corp (NYSE: AIRC) is a publicly traded, self-administered real estate investment trust ("REIT"). AIR's portfolio comprises 73 communities totaling 25,739 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]

Sector Real Estate
Founded 2020
Employees 750
Stock Exchange NYSE
Ticker Symbol AIRC
Full Company Profile

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 Statements

Analyst Forecast

According to 8 analysts, the average rating for AIRC stock is "Strong Buy." The 12-month stock price forecast is $40.57, which is an increase of 29.99% from the latest price.

Price Target
$40.57
(29.99% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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.

15 days ago - Business Wire

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:...

Other symbols: ESSUDR
23 days ago - Bloomberg Markets and Finance

AIR Communities Announces CIO Transition

DENVER--(BUSINESS WIRE)---- $AIRC #AIRC--AIR COMMUNITIES ANNOUNCES CIO TRANSITION.

24 days ago - Business Wire

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...

Other symbols: CUZIRT
4 weeks ago - MarketBeat

AIR Communities Reports Second Quarter 2023 Results

DENVER--(BUSINESS WIRE)---- $AIRC #AIRC--AIR Communities Reports Second Quarter 2023 Results.

2 months ago - Business Wire

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.

2 months ago - Business Wire

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.

Other symbols: ADCAMHTCNVICI
2 months ago - CNBC Television

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.

3 months ago - Business Wire

Don't be a landlord—own these REITs instead

Who would be a landlord? The costs are high, the risks are huge, and the so-called “passive income” is uncertain.

Other symbols: AIVAVBCPTELMEEQRESSMAA
3 months ago - Market Watch

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...

3 months ago - Market Watch

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...

3 months ago - Business Wire

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.

3 months ago - Business Wire

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.

4 months ago - Business Wire

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...

4 months ago - GlobeNewsWire

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...

5 months ago - GlobeNewsWire

AIR Communities Reports Strong Start to 2023, First Quarter Same Store:

DENVER--(BUSINESS WIRE)---- $AIRC #AIRC--AIR Communities Reports Strong Start to 2023.

5 months ago - Business Wire

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

6 months ago - Business Wire

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 ...

6 months ago - GlobeNewsWire

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...

6 months ago - GlobeNewsWire

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...

7 months ago - Business Wire

AIR Reports Fourth Quarter and Full Year 2022 Results: Record Same Store NOI Growth of 14.0%; Operating Fundamentals Across All Markets Remain Strong

DENVER--(BUSINESS WIRE)---- $AIRC #AIRC--AIRC Reports Fourth Quarter and Full Year 2022 Results

8 months ago - Business Wire

AIR Communities Earns 2023 National Top Workplace Award

2023 marks AIR's second year on the National Top Workplace list. 2023 marks AIR's second year on the National Top Workplace list.

8 months ago - GlobeNewsWire

AIR Communities Named a Built In 2023 Best Places to Work Winner

Denver, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Apartment Income REIT Corp. (NYSE: AIRC) (“AIR” or “AIR Communities”) announced today its placement on Built In's Best Places to Work lists in Colorado , Los ...

8 months ago - GlobeNewsWire

AIR Communities Announces 2022 Dividend Income Tax Allocations

DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. (“AIR”) (NYSE: AIRC) reported today the tax status of its 2022 distributions paid to shareholders. Details on the tax classifications of the dist...

8 months ago - Business Wire

AIR Communities Announces Dates for Fourth Quarter and Year-End 2022 Earnings Release and Conference Call

DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. (“AIR”) (NYSE: AIRC) will release Fourth Quarter and Year-End 2022 earnings on Thursday, February 9, 2023, after the market closes. A live confer...

9 months ago - Business Wire