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Apartment Income REIT Corp. - AIRC STOCK NEWS

Welcome to our dedicated page for Apartment Income REIT news (Ticker: AIRC), a resource for investors and traders seeking the latest updates and insights on Apartment Income REIT stock.

Apartment Income REIT Corp. (NYSE: AIRC) is a leading real estate investment trust (REIT) focused on owning and operating top-tier apartment communities across the United States. Headquartered in Denver, Colorado, AIRC manages 76 high-quality apartment communities, encompassing over 26,600 units spread across 10 states and the District of Columbia. The company operates in major urban markets such as Boston, Philadelphia, Los Angeles, Miami, and Washington D.C., ensuring excellent housing options for a diverse clientele.

AIRC's business model, known as the AIR Edge, emphasizes resident selection, satisfaction, and retention, coupled with relentless innovation in property management. This approach provides a durable operating advantage, driving organic growth and delivering exceptional customer service. Managed by a professional, well-trained team, AIRC consistently works to meet the needs of its residents through regular surveys and a commitment to high standards.

Recently, AIRC announced strong third-quarter financial results for 2023, achieving a GRESB score of 82 out of 100, reflecting their dedication to leadership, reporting, social responsibility, and governance. Additionally, the company declared a quarterly cash dividend and announced significant same-store revenue growth. AIRC's continuous improvements and strategic investments exemplify its commitment to delivering a superior resident experience while driving financial performance.

Through collaborations and partnerships, AIRC aims to enhance its portfolio and operational efficiency. Notably, Blackstone announced plans to acquire AIRC in an all-cash transaction valued at approximately $10 billion, which is expected to close in the third quarter of 2024, subject to stockholder approval and customary conditions. This acquisition underscores the high value of AIRC's portfolio and its potential for future growth.

For more information about Apartment Income REIT Corp. and its offerings, visit aircommunities.com.

News

AIR Communities Announces Date of 2024 Annual Meeting and Continues its Commitment to Corporate Governance Excellence

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Apartment Income REIT Corp. (AIRC) announces the date of its 2024 annual meeting of shareholders as June 14, 2024. The Board is focused on enhancing governance, with a succession plan for the Chairman in place. Devin Murphy will take over as Chairman at the end of the first quarter. The move to a spring annual meeting cycle aims to address shareholder feedback and improve governance.
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AIR Communities Reports Fourth Quarter 2023 Results

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Apartment Income REIT Corp. (AIRC) reported strong financial results for Q4 and full year 2023, with an emphasis on growth in Same Store Revenue, Net Operating Income, and Free Cash Flow. The company also announced a focus on steady growth in unlevered FCF for 2024, with potential risks in insurance and real estate taxes, and potential upsides in operational initiatives and paired trades.
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AIR Communities Announces Quarterly Common Dividend of $0.45 Per Share

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Apartment Income REIT Corp. (AIRC) declared a quarterly cash dividend of $0.45 per share of Class A Common Stock for the quarter ended December 31, 2023. The dividend is payable on February 27, 2024, to shareholders of record February 16, 2024. This represents an annualized dividend of $1.80 per share, with a dividend yield of approximately 5.5% based on the closing share price of $32.92.
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AIR Communities Announces 2023 Dividend Income Tax Allocations

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Apartment Income REIT Corp. (AIRC) reported the tax status of its 2023 distributions, revealing favorable tax characterization compared to peer REITs, benefiting taxable investors due to the Separation from Aimco. The distributions include details on tax classifications and percentages of dividends, capital gain distributions, and nondividend distributions. Shareholders will receive an IRS Form 1099-DIV from Computershare, AIR’s distribution paying agent. The company encourages shareholders to consult with their tax advisors for reporting the distributions on their tax returns.
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AIR Communities Announces Dates for Fourth Quarter and Year-End 2023 Earnings Release and Conference Call

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Apartment Income REIT Corp. (AIRC) will release its Fourth Quarter and Year-End 2023 earnings on February 8, 2024, after the market closes. A live conference call to discuss these results will be conducted on February 9, 2024, at 1:00 p.m. Eastern time. The conference call replay will be available until May 9, 2024.
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AIR Communities Honored with Multi-Housing News Excellence Award for Best ESG Program

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Apartment Income REIT Corp. (NYSE: AIRC) has been recognized by Multi-Housing News (MHN) as an Excellence Award winner for Best ESG Program. The award celebrates AIR’s commitment to being an outstanding corporate citizen and its best in class program to achieve environmental, social, and governance goals. AIR has published its 2022/2023 Corporate Responsibility Report showcasing accomplishments in industry-leading customer satisfaction, support for patriotic causes, community service, legal immigration assistance, sustainable building certification goals, and the elimination of supermajority voting provision to amend AIR's Charter and Bylaws. AIR’s 2023 GRESB scores reflect this progress, placing AIR in the top quartile of multifamily companies.
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AIR Communities Reports Third Quarter 2023 Results

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Apartment Income REIT Corp. (AIR) reported strong results for Q3 2023, with pro forma FFO up 10.3% and beating guidance by $0.01. Same store revenue increased by 6.8% and same store NOI grew by 6.3%. AIR made accretive investments, generating $644 million in capital from joint venture funding and property sales. The company also repurchased shares and repaid debt. Third quarter and YTD run-rate FFO per share increased by 7.3% and 8.2%, respectively.
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AIR Communities Announces Quarterly Common Dividend of $0.45 Per Share

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Apartment Income REIT Corp. (AIR) has declared a quarterly cash dividend of $0.45 per share of Class A Common Stock for the quarter ended September 30, 2023. The dividend will be payable on November 30, 2023, to shareholders of record on November 17, 2023. The annualized dividend represents $1.80 per share, with a dividend yield of approximately 6.2% based on the closing share price of $29.21.
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AIR Communities Announces 2023 GRESB Performance

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Apartment Income REIT Corp. (NYSE: AIRC) announces a 2023 GRESB score of 82, with 100% scores in leadership and reporting, a perfect social responsibility score, and near perfect governance score.
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AIR Communities Publishes 2022/2023 Corporate Responsibility Report

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Apartment Income REIT Corp. (AIR) publishes its 2022/2023 Corporate Responsibility Report, highlighting its commitment to sustainability and community building.
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FAQ

What is the current stock price of Apartment Income REIT (AIRC)?

The current stock price of Apartment Income REIT (AIRC) is $39.08 as of June 27, 2024.

What is the market cap of Apartment Income REIT (AIRC)?

The market cap of Apartment Income REIT (AIRC) is approximately 5.7B.

What is Apartment Income REIT Corp. (AIRC)?

Apartment Income REIT Corp. (NYSE: AIRC) is a publicly traded real estate investment trust that owns and operates high-quality apartment communities across the United States.

What is the AIR Edge?

The AIR Edge is AIRC's business model focusing on resident selection, satisfaction, and retention, combined with innovation in property management to drive organic growth and superior customer service.

How many apartment units does AIRC manage?

AIRC manages 75 apartment communities, totaling over 26,600 units, located in 10 states and the District of Columbia.

Which markets does AIRC operate in?

AIRC operates in major urban markets including Boston, Philadelphia, Los Angeles, Miami, San Francisco, Denver, and Washington D.C.

What recent financial achievements has AIRC announced?

AIRC announced a strong third-quarter performance for 2023, including significant same-store revenue growth and a GRESB score of 82 out of 100, demonstrating their leadership in ESG practices.

What is the status of AIRC’s acquisition by Blackstone?

Blackstone announced plans to acquire AIRC in an all-cash transaction valued at approximately $10 billion, expected to close in the third quarter of 2024, pending stockholder approval and customary conditions.

What is AIRC’s commitment to ESG?

AIRC is committed to environmental, social, and governance (ESG) practices, as demonstrated by their high GRESB scores and continuous improvements in governance and social responsibility.

How does AIRC ensure resident satisfaction?

AIRC ensures resident satisfaction through regular surveys, a focus on high standards of service, and a commitment to meeting resident needs with a professional and well-trained team.

What are the benefits of AIRC's professional management?

Residents of AIRC benefit from the resources and support of a national company combined with the personalized attention of a local team, leading to high customer satisfaction and quality living environments.

Where can I find more information about AIRC?

For more information about Apartment Income REIT Corp., visit their official website at aircommunities.com.

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Apartment Income REIT Corp.

NYSE:AIRC

AIRC Rankings

#1190 Ranked by Market Cap
#651 Ranked by Dividends

AIRC Stock Data

5.67B
144.05M
0.71%
102.6%
4.61%
REIT - Residential
Real Estate Investment Trusts
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United States of America
DENVER