Apartment Income REIT Corp. (AIRC)
| Market Cap | 5.61B |
| Revenue (ttm) | 803.85M |
| Net Income (ttm) | 639.33M |
| Shares Out | 145.10M |
| EPS (ttm) | 4.29 |
| PE Ratio | 9.01 |
| Forward PE | 689.30 |
| Dividend | $1.80 (4.66%) |
| Ex-Dividend Date | Feb 15, 2024 |
| Volume | 1,503,520 |
| Open | 38.63 |
| Previous Close | 38.60 |
| Day's Range | 38.62 - 38.69 |
| 52-Week Range | 28.22 - 38.70 |
| Beta | 0.78 |
| Analysts | Hold |
| Price Target | 37.02 (-4.27%) |
| Earnings Date | May 21, 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 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 -4.27% from the latest price.
News
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...
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...
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...
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...
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 ...
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...
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...
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.
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.
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.
AIR Communities Announces 2023 Dividend Income Tax Allocations
DENVER--(BUSINESS WIRE)---- $AIRC #AIRC--2023 Tax Treatment of Dividends.
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.
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...