Apartment Income REIT Corp. Announces Quarterly Common Dividend of $0.45 Per Share

Rhea-AI Summary

Apartment Income REIT Corp. (AIRC) announced a quarterly cash dividend of $0.45 per share for the quarter ending March 31, 2022. The dividend will be payable on May 31, 2022, to stockholders of record on May 20, 2022. AIRC operates a significant portfolio of 84 apartment communities across 12 states and the District of Columbia, making it one of the largest apartment owners in the U.S. The company’s shares are traded on the New York Stock Exchange under the symbol AIRC.

Positive

• Quarterly cash dividend of $0.45 per share strengthens income for shareholders.
• AIRC is one of the largest apartment operators in the U.S. with 84 communities, indicating solid market presence.

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, 2022. This dividend is payable on May 31, 2022, to stockholders of record on May 20, 2022.

AIR 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 84 communities in 12 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/20220427006047/en/

Beth Hagan

(303) 757-8101

investors@aircommunities.com

Source: Apartment Income REIT Corp

FAQ

What is the dividend amount declared by AIRC?

AIRC declared a quarterly cash dividend of $0.45 per share.

When is the dividend payable for AIRC?

The dividend is payable on May 31, 2022.

What is the record date for AIRC's dividend?

The record date for AIRC's dividend is May 20, 2022.

How many communities does AIRC operate?

AIRC operates 84 apartment communities in 12 states and the District of Columbia.