Apartment Income REIT Corp. (AIRC)

Jun 28, 2024 - AIRC was delisted (reason: acquired by Blackstone)
39.08
-0.01 (-0.03%)
Last trade price
-0.03%
Market Cap 5.67B
Revenue (ttm) 803.85M
Net Income (ttm) 639.33M
Shares Out 145.10M
EPS (ttm) 4.29
PE Ratio 9.11
Forward PE 666.33
Dividend $1.35 (3.45%)
Ex-Dividend Date Feb 15, 2024
Volume 21,338,451
Open 39.09
Previous Close 39.09
Day's Range 39.08 - 39.10
52-Week Range 28.22 - 39.10
Beta 0.77
Analysts Hold
Price Target 37.02 (-5.27%)
Earnings Date Jul 25, 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]

Sector Real Estate
Founded 2020
Employees 760
Stock Exchange NYSE
Ticker Symbol AIRC
Full Company Profile

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 Statements

Analyst Forecast

According to 10 analysts, the average rating for AIRC stock is "Hold." The 12-month stock price forecast is $37.02, which is a decrease of -5.27% from the latest price.

Price Target
$37.02
(-5.27% downside)
Analyst Consensus: Hold
Stock Forecasts

News

AIR Communities' Stockholders Approve Acquisition by Blackstone Real Estate

DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. (NYSE: AIRC) (the “Company”) today announced that, at the concluded special meeting of stockholders held earlier today, its stockholders approved t...

20 days ago - Business Wire

Ryan Specialty Holdings Set to Join S&P MidCap 400

NEW YORK , June 20, 2024 /PRNewswire/ -- Ryan Specialty Holdings Inc. (NYSE:RYAN) will replace Apartment Income REIT Corp. (NYSE:AIRC) in the S&P MidCap 400 effective prior to the opening of trading o...

Other symbols: BXRYAN
25 days ago - PRNewsWire

AIR Communities Announces Proxy Advisory Firm Glass Lewis Joins ISS in Recommending Stockholders Vote “FOR” Proposed Acquisition by Blackstone Real Estate

DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. (NYSE:AIRC) (“AIR Communities” or the “Company”) today announced that Glass, Lewis & Co. (“Glass Lewis”), another leading independent proxy advisor...

4 weeks ago - Business Wire

AIR Communities Announces Proxy Advisory Firm ISS Recommends Stockholders Vote “FOR” Proposed Acquisition by Blackstone

DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. (NYSE:AIRC) (“AIR Communities” or the “Company”) today announced that a leading independent proxy advisory firm, Institutional Shareholder Services...

4 weeks ago - Business Wire

AIR Communities Named a 2024 Top Workplace in South Florida

MIAMI--(BUSINESS WIRE)--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 Sun Sentinel. The annual li...

2 months ago - Business Wire

STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Announces An Investigation of Apartment Income REIT Corp. - AIRC

NEW YORK , May 10, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securitie...

2 months ago - PRNewsWire

APARTMENT INCOME REIT INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Apartment Income REIT Corp. - AIRC

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Apartment Income...

Other symbols: BX
2 months ago - Business Wire

AIR Communities Earns Eleventh Denver Post Top Workplace Award

DENVER--(BUSINESS WIRE)--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. This recognition m...

2 months ago - Business Wire

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates WIRE, AIRC, INRD

NEW YORK , April 15, 2024 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breache...

Other symbols: WIRE
3 months ago - PRNewsWire

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SWAV, AIRC, INRD

NEW YORK , April 9, 2024 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches...

Other symbols: SWAV
3 months ago - PRNewsWire

STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Announces an Investigation of Apartment Income REIT Corp. - AIRC

NEW YORK , April 9, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securiti...

3 months ago - PRNewsWire

Blackstone to take Apartment Income REIT private in $10B deal

Blackstone Inc. (BX) is on the path to acquiring Apartment Income REIT Corp. (AIRC) for $10 billion with plans to take the real estate investment firm private. Yahoo Finance Live monitors shares of Ap...

Other symbols: BX
3 months ago - Yahoo Finance

Blackstone Sends 'Takeoff' Signal With Big Property Deal

Blackstone Inc.'s purchase of Apartment Income REIT adds to growing investor sentiment that it's now a good time to jump into the battered US property market, Bloomberg's Patrick Clark and Abigail Doo...

Other symbols: BX
3 months ago - Bloomberg Markets and Finance

Blackstone To Take Rental Housing Owner AIR Communities Private in $10B Deal

Blackstone (BX) said Monday that it was taking Apartment Income REIT (AIRC) private in an all-cash deal worth about $10 billion, sending shares in the real estate investment trust (REIT) known as AIR ...

Other symbols: BX
3 months ago - Investopedia

Shareholder Alert: Ademi LLP investigates whether Apartment Income REIT Corp. has obtained a Fair Price in its transaction with Blackstone

MILWAUKEE , April 8, 2024 /PRNewswire/ -- Ademi LLP is investigating AIR Communities (NYSE: AIRC) for possible breaches of fiduciary duty and other violations of law in its transaction with Blackstone...

3 months ago - PRNewsWire

AIRC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Apartment Income REIT Corp. Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Apartment Income REIT Corp. (NYSE: AIRC) to Blackstone for $39.12 per share is fair to Ap...

3 months ago - Business Wire

Apartment Income Stock Is Soaring on the Blackstone Buyout

A unit of asset manager Blackstone agreed to buy Apartment Income REIT, an owner of rental-housing communities, for about $10 billion.

Other symbols: BX
3 months ago - Barrons

Apartment Income REIT stock rallies on Blackstone buyout

Apartment Income Real Estate Investment Trust, or AIR Communities, saw its stock price jump by 23% in premarket trades on Monday after it agreed to be taken private by Blackstone Inc. for about $10 bi...

Other symbols: BX
3 months ago - Market Watch

Blackstone Real Estate to Take AIR Communities Private for Approximately $10 Billion

NEW YORK & DENVER--(BUSINESS WIRE)--Blackstone (NYSE: BX) and Apartment Income REIT Corp. (NYSE: AIRC) (“AIR Communities” or the “Company”) today announced that they have entered into a definitive agr...

Other symbols: BX
3 months ago - Business Wire

Blackstone to buy Air Communities for $10 billion

Blackstone Inc is in focus today following a report that it plans on buying Apartment Income REIT for about $10 billion. Details of Blackstone – Air Communities deal The proposed transaction values ea...

Other symbols: BX
3 months ago - Invezz

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 ...

4 months ago - Business Wire

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...

4 months ago - Business Wire

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.

4 months ago - Business Wire

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.

Other symbols: AMHAVBESSXRT
4 months ago - CNBC Television

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.

5 months ago - Business Wire