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.
Apartment Income REIT (AIRC) has reported the tax status of its 2021 distributions paid to shareholders. Shareholders will receive Form 1099-DIV from Computershare detailing the distribution classifications. The total ordinary dividend for 2021 is $1.74 per share, with a significant portion classified as capital gain distributions. The dividends were distributed quarterly, with payments ranging from $0.43 to $0.44 per share. Shareholders are advised to consult tax advisors regarding the tax implications of these distributions.
Apartment Income REIT Corp. (NYSE: AIRC) will announce its Fourth Quarter 2021 earnings on February 9, 2022, after market close. A conference call to discuss these results will take place on February 10, 2022, at 1:00 p.m. Eastern time. The company specializes in the ownership and management of high-quality apartment communities across the U.S., operating 95 properties in 12 states and the District of Columbia. Shares of AIRC are listed on the New York Stock Exchange and are part of the S&P 400.
Apartment Income REIT (AIRC) has released its 2020 Corporate Responsibility Report, highlighting its commitment to corporate responsibility and environmental, social, and governance (ESG) initiatives. CEO Terry Considine emphasized the company's resilience and progress in achieving its corporate responsibility goals. The report underscores AIR's operational excellence and engaged team, showcasing efforts integrated across all levels of the organization. The Corporate Responsibility Report is available for viewing online, offering insights into AIR's commitment to being a responsible corporate citizen.
Apartment Income REIT Corp. (AIRC) reported a strong third quarter 2021, with FFO per share at $0.56, exceeding guidance by $0.03. The company raised its full year Same Store Revenue, NOI, and FFO guidance, anticipating NOI growth of 1.1% and FFO per share of $2.14. With $1.7 billion in property sales and acquisitions, AIRC aims to reduce net leverage to EBITDAre to 5.3:1. The CEO noted increased customer demand and rising rents. Additionally, a quarterly dividend of $0.44 per share was declared for November 30, 2021, further demonstrating financial health.
Apartment Income REIT Corp. (AIRC) has declared a quarterly cash dividend of $0.44 per share of its Class A Common Stock for the quarter ending September 30, 2021. This dividend will be payable on November 30, 2021, to stockholders of record on November 12, 2021. AIRC is a prominent real estate investment trust, managing quality apartment communities across 12 states and the District of Columbia, with a total of 100 communities. AIRC shares are traded on the New York Stock Exchange and are included in the S&P 400.
Apartment Income REIT Corp. (NYSE: AIRC) will announce its Third Quarter 2021 earnings on October 28, 2021, after market close. A conference call will be held on October 29, 2021, at 1:00 p.m. ET to discuss the results. Investors can participate via a domestic dial-in number at 1-844-200-6205 or an international number at +1-929-526-1599, using passcode 076655. The conference call replay will be available until November 26, 2021.
Apartment Income REIT Corp. (AIRC) has announced the nomination of three independent directors—Tom Bohjalian, Kristin Finney-Cooke, and Margarita Paláu-Hernández—for election at the upcoming annual meeting in December. This is part of the company's board refreshment strategy, aimed at enhancing governance and diversity. Current directors Robert Miller, Kathleen Nelson, and Michael Stein will retire. The nominees bring significant expertise in real estate and investment, aligning with AIR's commitment to shareholder returns and corporate governance.
Apartment Income REIT Corp. (AIRC) announced its second quarter 2021 results, revealing a 5% increase in full-year Funds From Operations (FFO) guidance. CEO Terry Considine highlighted improved occupancy and higher rents, with signed new rates up 2.7% in Q2 and 9.5% in July. The company completed a $223 million acquisition and anticipates significant property sales to reduce debt. The quarterly dividend increased to $0.44 per share, payable August 27, 2021. Year-to-date, FFO per share is $1.02, with projections for a full year FFO of $2.12, up from earlier expectations.
Apartment Income REIT Corp. (AIRC) plans to release its Q2 2021 earnings on July 29, 2021, after market close. A conference call will be held on July 30, 2021, at 12:00 p.m. ET for discussion of the earnings results. The call can be accessed via domestic and international dial-in numbers, and a replay will be available until October 30, 2021. AIRC is a prominent real estate investment trust focused on managing quality apartment communities in major U.S. markets, with a portfolio of 99 communities across 12 states and D.C.
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