Apartment Income REIT Corp. (AIRC)

NYSE: AIRC · IEX Real-Time Price · USD
32.47
+0.54 (1.69%)
At close: Mar 28, 2024, 4:00 PM
32.39
-0.08 (-0.25%)
After-hours: Mar 28, 2024, 7:58 PM EDT
1.69%
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]

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 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.

Price Target
$37.17
(14.48% upside)
Analyst Consensus: Buy
Stock Forecasts

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 ...

8 days 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...

9 days 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.

27 days 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 weeks 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.

6 weeks ago - Business Wire

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.

7 weeks ago - Business Wire

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.

2 months ago - Business Wire

AIR Communities Announces 2023 Dividend Income Tax Allocations

DENVER--(BUSINESS WIRE)---- $AIRC #AIRC--2023 Tax Treatment of Dividends.

2 months ago - Business Wire

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.

2 months ago - Business Wire

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...

4 months ago - Business Wire

AIR Communities Reports Third Quarter 2023 Results

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

5 months ago - Business Wire

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...

6 months ago - Business Wire

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...

6 months ago - Business Wire

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.

6 months ago - Business Wire

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.

7 months 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
7 months ago - Bloomberg Markets and Finance

AIR Communities Announces CIO Transition

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

7 months ago - Business Wire

AIR Communities Reports Second Quarter 2023 Results

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

8 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
9 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.

9 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
9 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...

10 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...

10 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.

10 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.

11 months ago - Business Wire