AIR Communities Announces Quarterly Common Dividend of $0.45 Per Share

Rhea-AI Summary

Apartment Income REIT Corp. (NYSE: AIRC) has declared a quarterly cash dividend of $0.45 per share for the quarter ending September 30, 2022. The dividend, payable on November 30, 2022, is applicable to stockholders on record as of November 18, 2022. This results in an annualized dividend of $1.80 per share, offering a yield of approximately 4.7% based on recent trading prices.

AIRC operates 76 apartment communities across 11 states and the District of Columbia, making it one of the largest apartment owners in the U.S.

Positive

• Quarterly cash dividend of $0.45 per share reflects ongoing income for shareholders.
• Annualized dividend of $1.80 per share suggests confidence in cash flow sustainability.

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 September 30, 2022. This dividend is payable on November 30, 2022, to stockholders of record on November 18, 2022. On an annualized basis, the dividend represents $1.80 per share, reflecting a dividend yield of approximately 4.7% based on AIR’s closing share price on Tuesday, November 1, 2022.

About AIR

Apartment Income REIT Corp. (“AIR”) (NYSE: AIRC) 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 76 communities in 11 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221101006305/en/

Matthew O’Grady

Senior Vice President, Capital Markets

(303) 691-4566

Mary Jensen

Head of Investor Relations

(303) 691-4349

investors@aircommunities.com

Source: Apartment Income REIT Corp

FAQ

What is the dividend amount declared by AIRC?

Apartment Income REIT Corp. declared a quarterly cash dividend of $0.45 per share.

When is the dividend payable to shareholders?

The dividend is payable on November 30, 2022.

What is the dividend yield for AIRC based on recent prices?

The dividend yield is approximately 4.7% based on AIRC's closing share price on November 1, 2022.

What is the record date for AIRC's dividend payment?

The record date for the dividend payment is November 18, 2022.