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AIR Communities Announces Quarterly Common Dividend of $0.45 Per Share
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
Apartment Income REIT Corp. (NYSE: AIRC) has declared a quarterly cash dividend of $0.45 per share for Class A Common Stock, payable on May 30, 2023. Shareholders of record by May 19, 2023 will receive this dividend, resulting in an annualized dividend of $1.80 per share and a yield of approximately 5.1% based on the current closing share price of $35.21.
AIR is a self-administered real estate investment trust (REIT) with a diverse portfolio of 75 communities and 25,795 apartment homes across 10 states and the District of Columbia. The company aims to drive organic growth through its focus on resident satisfaction and innovative property management practices, known as the AIR Edge.
Positive
Quarterly cash dividend of $0.45 reflects strong shareholder returns.
Annualized dividend of $1.80 per share with a yield of approximately 5.1%.
Diversified portfolio of 75 communities enhances revenue stability.
Negative
None.
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 the quarter ended March 31, 2023. This dividend is payable on May 30, 2023, to shareholders of record on May 19, 2023. On an annualized basis, the dividend represents $1.80 per share, reflecting a dividend yield of approximately 5.1% based on today’s closing share price of $35.21.
About AIR Communities
Apartment Income REIT Corp. (NYSE: AIRC) is a publicly traded, self-administered real estate investment trust (“REIT”). AIR’s portfolio comprises 75 communities totaling 25,795 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 driving organic growth, as well as making possible the opportunity for excess returns for properties new to AIR’s platform. For additional information, please visit aircommunities.com.
