Apartment Income REIT Corp. (AIRC)
| 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]
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 Summary
According to 10 analysts, the average rating for AIRC stock is "Hold." The 12-month stock price target is $37.02, which is a decrease of -5.27% from the latest price.
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...
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...
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...
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...
Why I Buy Rental Property REITs Instead Of Rental Properties
Many investors - including several of my friends - like investing in rental properties. However, I have chosen the path of rental property REITs instead. I share 8 major advantages that rental propert...
The State Of REITs: May 2024 Edition
With a -4.27% average total return in April, REITs have now seen declines in 3 of the first 4 months of 2024. Micro caps (-2.71%) and small caps (-2.87%) averaged low single digit declines in April, w...
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...
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...
Billionaire Investors Say 'Buy REITs'
Blackstone has been on a REIT buying spree. Its leaders are self-made billionaires, and they talk highly about REITs. This is not surprising given that they are trading at their lowest valuations in o...
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...
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...
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...
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...
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...
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 ...
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.
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...
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...
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...
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.
Apartment Income REIT: Overlooked And Undervalued 5.7% Yielder
Apartment Income REIT Corp. shares have underperformed the broader real estate index over the past year. AIRC has a diversified portfolio of institutional quality multifamily assets in attractive mark...