Apartment Income REIT Corp. (AIRC)

NYSE: AIRC · IEX Real-Time Price · USD
37.25
+0.62 (1.69%)
Nov 25, 2022 1:00 PM EDT - Market closed
1.69%
Market Cap 5.52B
Revenue (ttm) 760.18M
Net Income (ttm) 947.03M
Shares Out 153.81M
EPS (ttm) 6.09
PE Ratio 6.12
Forward PE 51.02
Dividend $1.80 (4.83%)
Ex-Dividend Date Nov 17, 2022
Volume 264,293
Open 36.91
Previous Close 36.63
Day's Range 36.73 - 37.26
52-Week Range 35.22 - 55.82
Beta 0.54
Analysts Buy
Price Target 45.59 (+22.4%)
Earnings Date Nov 4, 2022

About AIRC

AIR is a real estate investment trust focused on the ownership and management of quality apartment communities located in the largest markets in the United States. AIR is one of the country's largest owners and operators of apartments, with 99 communities in 12 states and the District of Columbia. AIR common shares are traded on the New York Stock Exchange under the ticker symbol AIRC, and are included in the S&P 400. For more information about AIR, please visit our website at www.aircommunities.com. [Read more]

Industry Equity Real Estate Investment Trusts (REITs)
Founded 2020
Employees 800
Stock Exchange NYSE
Ticker Symbol AIRC
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 17 analysts, the average rating for AIRC stock is "Buy." The 12-month stock price forecast is 45.59, which is an increase of 22.39% from the latest price.

Price Target
$45.59
(22.39% upside)
Analyst Consensus: Buy
Stock Forecasts

News

AIR Communities Announces Sale of its New England Multi-Family Portfolio

DENVER--( BUSINESS WIRE )--Apartment Income REIT Corp. ("AIR") (NYSE: AIRC) announced today the sale last week of its New England portfolio of six communities with 1,314 apartment units for $500 million...

4 days ago - Business Wire

AIR Communities Announces 2022 GRESB Performance

AIR's inaugural public announcement of its GRESB performance includes a 29% improvement over the prior year's environmental stewardship score, a perfect social responsibility score, and near perfect cor...

1 week ago - GlobeNewsWire

Apartment Income REIT Corp. (AIRC) Matches Q3 FFO Estimates

Apartment Income REIT Corp. (AIRC) delivered FFO and revenue surprises of 0% and 0.72%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

3 weeks ago - Zacks Investment Research

AIR Reports Third Quarter 2022 Results Ahead of Plan; Operating Fundamentals Across All Markets Remain Strong, On Tra...

DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. ("AIR") (NYSE: AIRC) announced today third quarter results for 2022.

3 weeks ago - Business Wire

AIR Communities Announces Quarterly Common Dividend of $0.45 Per Share

DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. ("AIR") (NYSE: AIRC) announced today that its Board of Directors declared a quarterly cash dividend of $0.45 per share of Class A Common Stock for th...

3 weeks ago - Business Wire

Top 2 Inflation-Protected Dividend Stocks

Many decades ago, dividends were a key part of any investment decision. Investors often prioritized the highest yields with the most consistency. However, after the dot-com bubble, there was a sustained...

Other symbols: GLP
1 month ago - GuruFocus

AIR Gives + Aimco Cares Charity Golf Classic Raises $430,000 for Military and Educational Causes

Denver, Oct. 06, 2022 (GLOBE NEWSWIRE) -- With the help of many longstanding business partners, AIR Communities and Aimco secured $430,000 for beneficiaries of the AIR Gives + Aimco Cares Charity Golf C...

1 month ago - GlobeNewsWire

AIR Communities Announces Dates for Third Quarter 2022 Earnings Release and Conference Call

DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. (“AIR”) (NYSE: AIRC) will release Third Quarter 2022 earnings on Thursday, November 3, 2022, after the market closes. The Third Quarter 2022 earnings...

1 month ago - Business Wire

AIR Communities Publishes 2021/2022 Corporate Responsibility Report

Denver, Oct. 03, 2022 (GLOBE NEWSWIRE) -- Apartment Income REIT Corp. (known as AIR Communities or AIR) today announced the publication of its 2021/2022 Corporate Responsibility Report . The annual repo...

1 month ago - GlobeNewsWire

AIR Communities Provides Operating Update

DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. (“AIR”) (NYSE: AIRC) today provided an operating update on its change in Same Store Rental Rates and Average Daily Occupancy as of August 31, 2022. T...

2 months ago - Business Wire

AIR Communities Launches New Corporate Responsibility Website

Denver, CO, Aug. 23, 2022 (GLOBE NEWSWIRE) -- Apartment Income REIT Corp., known as AIR Communities, today announced the launch of a new corporate responsibility website. The site expands upon AIR's lon...

3 months ago - GlobeNewsWire

Apartment Income REIT Corp. (AIRC) Q2 FFO and Revenues Top Estimates

Apartment Income REIT Corp. (AIRC) delivered FFO and revenue surprises of 1.54% and 0.51%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

AIR Reports Second Quarter 2022 Results, Raises Same Store Revenue and NOI Guidance, Completes $640M in Acquisitions,...

DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. ("AIR") (NYSE: AIRC) was formed to provide investors the most efficient and effective way to allocate capital to multi-family real estate. In only 18...

3 months ago - Business Wire

2 REITs to Protect Your Portfolio From Inflation

How REITs can protect your portfolio

4 months ago - GuruFocus

2 moderate buy apartment REITs to keep on a watchlist

It seems as if the interest rates and home prices have risen in tandem to make buying a home even.

Other symbols: AVB
4 months ago - Finbold

High Home Prices Help These REITs

Apartment REITs, down 20% this year, benefit from soaring home prices and mortgage rates, which force would-be buyers to remain renters

Other symbols: AVBCPTEQRESSMAAUDR
4 months ago - Barrons

AIR Communities Announces Dates for Second Quarter 2022 Earnings Release and Conference Call

DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. (“AIR”) (NYSE: AIRC) will release Second Quarter 2022 earnings on Thursday, July 28, 2022, after the market closes. The Second Quarter 2022 earnings ...

4 months ago - Business Wire

AIR Issues $400 Million of Senior Unsecured Notes

DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. (“AIR”) (NYSE: AIRC) today announced the issuance of three tranches of guaranteed, senior unsecured notes, totaling $400 million at a weighted averag...

4 months ago - Business Wire

AIR Announces $534 Million Note Prepayment and $200 Million in Lease Cancellation Transactions

DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. (“AIR”) (NYSE: AIRC) today announced that it has reached agreement with Apartment Investment and Management Company (“Aimco”) to cancel existing leas...

5 months ago - Business Wire

AIR Communities Presents 2022 Housing Impact Award

Los Angeles, May 24, 2022 (GLOBE NEWSWIRE) -- Apartment Income REIT Corp., known as AIR Communities, presented the annual AIR Communities Housing Impact Award to California State Assemblywoman Blanca Ru...

6 months ago - GlobeNewsWire

AIR Communities Receives Healthiest Employer Award

Denver, CO, May 20, 2022 (GLOBE NEWSWIRE) -- Apartment Income REIT Corp., known as AIR Communities, has been selected as a 2022 Healthiest Employer award winner by the Denver Business Journal and partne...

6 months ago - GlobeNewsWire

Apartment Income REIT Corp. (AIRC) Q1 FFO Meet Estimates

Apartment Income REIT Corp. (AIRC) delivered FFO and revenue surprises of 0% and 3.56%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

6 months ago - Zacks Investment Research

AIR Reports First Quarter 2022 Results; First Quarter FFO of $0.57 Per Share $0.02 Above Midpoint of Guidance; Pro Fo...

DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. ("AIR") (NYSE: AIRC) announced today first quarter results for 2022. Chief Executive Officer Terry Considine comments: "AIR began the year with stron...

6 months ago - Business Wire

AIR Communities Recognized for Gender Balanced Board of Directors

Denver, CO, April 28, 2022 (GLOBE NEWSWIRE) -- Apartment Income REIT Corp., known as AIR Communities, has received a 2021 Gender Balanced Board award from Boardbound by Women's Leadership Foundation, a ...

6 months ago - GlobeNewsWire

Apartment Income REIT Corp. Announces Quarterly Common Dividend of $0.45 Per Share

DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. ("AIR") (NYSE: AIRC) announced today that its Board of Directors declared a quarterly cash dividend of $0.45 per share of Class A Common Stock for th...

6 months ago - Business Wire