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 ended December 31, 2022. This dividend is payable on February 28, 2023, to shareholders of record as of February 17, 2023. The annualized dividend totals $1.80 per share, resulting in a dividend yield of approximately 4.7%, based on the closing share price of $38.52. AIRC operates quality apartment communities across major U.S. markets, with 74 properties in 10 states plus the District of Columbia.

Positive

• Declared quarterly cash dividend of $0.45 per share.
• Annualized dividend amounting to $1.80 per share.
• Dividend yield of approximately 4.7% based on the current share price.

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• 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 December 31, 2022. This dividend is payable on February 28, 2023, to shareholders of record on February 17, 2023. On an annualized basis, the dividend represents $1.80 per share, reflecting a dividend yield of approximately 4.7% based on today’s closing share price of $38.52.

About AIR

Apartment Income REIT Corp. (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 74 communities in 10 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/20230201006060/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 for AIRC?

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

When will AIRC's dividend be paid?

The dividend will be payable on February 28, 2023.

What is the record date for AIRC's dividend?

The record date for the dividend is February 17, 2023.

What is the annualized dividend for AIRC?

The annualized dividend for AIRC is $1.80 per share.

What is the dividend yield for AIRC?

The dividend yield for AIRC is approximately 4.7% based on the current share price.