Apartment Income REIT Corp

Apartment Income REIT Corp. is a real estate investment trust, which engages in the provision of apartment communities. It operates through Same Store and Other Real Estate segments. The Same Store segment includes communities owned and managed by Apartment Income REIT Corp. The Other Real Estate segment consists of five properties that were acquired in 2021 and four communities. The company is headquartered in Denver, CO.

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q3 2024

Apartment Income REIT Corp (AIRC) reports strong Q4 performance and strategic focus on buybacks for future growth

AIRC's Q4 performance showcased revenue growth, strong margins, and effective portfolio management. The company's focus on buybacks over share issuance and minimal supply risks in key markets position it well for future growth. Despite challenges in the macroeconomic environment, AIRC remains resilient and focused on strategic opportunities.

Apartment Income REIT Corp (AIRC) excels in Q1, eyes growth opportunities

Apartment Income REIT Corp (AIRC) reported strong first quarter results driven by operational efficiency, high margins, and customer satisfaction.
The company's focus on portfolio repositioning and capital allocation aims to enhance returns and portfolio quality.
While challenges like market rent growth and credit facilities exist, AIRC's strong balance sheet and liquidity position it well for future growth.
Opportunities in optimizing NOI, market performance, and deleveraging plans can further propel AIR's growth and profitability.

Apartment Income REIT Corp (AIRC) excels in Q2 performance, eyes strategic growth opportunities

Apartment Income REIT Corp (AIRC) delivered strong operational performance with a focus on customer satisfaction, revenue growth, and strategic partnerships. While facing challenges related to bad debt reduction and fee sustainability, AIRC remains well-positioned for growth through acquisitions and market-specific strategies.

Apartment Income REIT Corp exceeds Q3 expectations, eyes 2024 growth

AIRC's Q3 earnings call highlighted strong performance, operational efficiencies, and a positive outlook for 2024. The company is focused on enhancing NOI growth rates, controlling expenses, and improving resident quality. Challenges include managing bad debt expenses and navigating market dynamics.

AIRC reports robust Q4 performance and strategic growth initiatives

AIRC's Q4 performance reflects strong revenue growth and operational efficiency, underpinned by strategic acquisitions and portfolio enhancements.
Despite challenges in managing interest expenses and market dynamics, the company's focus on resident quality, financial discipline, and strategic positioning bode well for future growth.
Opportunities in optimizing portfolio quality, leveraging strategic advantages, and capitalizing on market conditions position AIRC for continued success and value creation for shareholders.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Apartment Income REIT Corp. is a real estate investment trust, which engages in the provision of apartment communities. It operates through Same Store and Other Real Estate segments. The Same Store segment includes communities owned and managed by Apartment Income REIT Corp. The Other Real Estate segment consists of five properties that were acquired in 2021 and four communities. The company was founded on March 15, 2021 and is headquartered in Denver, CO.

DENVER--(BUSINESS WIRE)---- $AIRC #AIRC--AIR Communities Announces two Joint Ventures with a Value of $1.2 Billion; Proceeds to be used to Reduce Indebtedness and Fund Accretive Acquisitions.

AIR Communities Announces two Joint Ventures with a Value of $1.2 Billion; Proceeds to be used to Reduce Indebtedness and Fund Accretive Acquisitions

DENVER--(BUSINESS WIRE)---- $AIRC #AIRC--AIR Communities Announces Date of 2023 Annual Meeting and Continues its Commitment to Corporate Governance Excellence.

AIR Communities Announces Date of 2023 Annual Meeting and Continues its Commitment to Corporate Governance Excellence

American Homes 4 Rent

AvalonBay Communities

Beazer Homes USA

Century Communities

Camden Property

D.R. Horton

Elme Communities

Equity LifeStyle Properties

Equity Residential

Essex Property Trust

Invitation Homes

Independence Realty Trust

KB Home

Mid-America Apartment Communities

Meritage Homes

PulteGroup

Sun Communities

Taylor Morrison Home

Toll Brothers

UMH Properties

Veris Residential

The homebuilding market is crashing even as we are dealing with a massive housing shortage. This should create a nice catalyst for homebuilding companies down the road, but perhaps the more interesting catalyst involves REITs that lease properties out.

Pain In The Housing Market Is Setting The Stage For Significant Value Creation

Apple

Arbor Realty Trust

Archer-Daniels-Midland Company

Aflac

Assured Guaranty

Amgen

Ameriprise Financial

Artesian Resources

Ashland Global Hlds

Atmos Energy

Atlantic Union Bankshares Corp

Armstrong World Industries

American States Water

Black Hills

Brown & Brown

BWX Technologies

Cardinal Health

Caterpillar

Cabot

Cogent Communications Holdings

Cognex

Cummins

Costco

Carlisle Companies

A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends.

Dividend Champion, Contender, And Challenger Highlights: Week Of May 14

Miami, Florida, May 09, 2023 (GLOBE NEWSWIRE) -- Apartment Income REIT Corp. ("AIR" or “AIR Communities”) (NYSE: AIRC) today announced that it has been named a Top Workplace in South Florida by The Sun Sentinel. The annual list of Top Workplaces is administered by Energage and based solely on anonymous employee feedback that measures several aspects of workplace culture, including alignment, execution, and engagement.

AIR Communities Named a 2023 Top Workplace in South Florida

Rentals have much more leverage earlier on, which means beginners can earn higher returns. REITs have lower variance of returns due to diversification and lower leverage. They also have better economies of scale, which results in better operating margin.

Rental Properties Vs. Residential REITs: Which Is Better?

Boston Properties

Innovative Industrial Properties

National Retail Properties

Prologis

W. P. Carey

Corporate Office Properties Trust

Few may be looking to increase their exposure to real estate investment trusts, or REITs, in today's economic environment. Yet even as the Federal Reserve suggests that interest rate cuts will not happen this year, and economic growth continues to slow, now may actually be a perfect time to search for REITs with high returns.

7 REITs With Huge Return Potential for Long-Term Investors

Denver, May 03, 2023 (GLOBE NEWSWIRE) -- Apartment Income REIT Corp. ("AIR" or “AIR Communities”) (NYSE: AIRC) announced today that it has been named a Top Workplace in Colorado by The Denver Post, marking 10 years on the publication's list of top employers. The Top Workplace list is based on team member feedback gathered through an anonymous, third-party survey administered by Energage that measures several aspects of workplace culture, including alignment, execution, and engagement.

AIR Communities Earns Tenth Denver Post Top Workplace Award

Apartment Income REIT Corp. (NYSE:AIRC ) Q1 2023 Earnings Conference Call May 2, 2023 1:00 PM ET Company Participants Lisa Cohn - President and General Counsel, AIR Communities Terry Considine - CEO Keith Kimmel - President of Property Operations John McGrath - Co-CIO and Chairman of Investment Committee Paul Beldin - CFO Conference Call Participants Eric Wolfe - Citi Haendel St. Juste - Mizuho John Kim - BMO Capital Markets Chandni Luthra - Goldman Sachs John Pawlowski - Green Street Operator Welcome, and thank you for attending today's AIR Communities First Quarter 2023 Earnings Conference Call. My name is Sierra, and I will be your moderator for today's call.

Apartment Income REIT Corp. (AIRC) Q1 2023 Earnings Call Transcript

Apartment Income REIT Corp. (AIRC) came out with quarterly funds from operations (FFO) of $0.55 per share, missing the Zacks Consensus Estimate of $0.58 per share. This compares to FFO of $0.57 per share a year ago.

Apartment Income REIT Corp. (AIRC) Q1 FFO Lag Estimates

DENVER--(BUSINESS WIRE)---- $AIRC #AIRC--AIR Communities Reports Strong Start to 2023.

AIR Communities Reports Strong Start to 2023, First Quarter Same Store:

City Office REIT

Equity Commonwealth

Hudson Pacific Properties

JBG SMITH Properties

SBA Communications

Weyerhaeuser

Many REITs opportunistically repurchased shares at a discount to their net asset value. Those buybacks could help boost their values in the future.

These Dividend Stocks Think Their Shares Are Extremely Undervalued

DENVER--(BUSINESS WIRE)---- $AIRC #AIRC--AIR Communities Announces Dates for Its First Quarter Earnings Release and Conference Call

AIR Communities Announces Dates for Its First Quarter Earnings Release and Conference Call

AIR Communities, new Apartment Income REIT, is a relatively new spin-off of a very mature, experienced real estate company. Their disciplined “Paired Trade” dynamic portfolio recycling initiative should serve them well in any interest rate or market environment.

Apartment Income REIT: A Paired Trade Strategy For Growth, Tax Advantaged 5% Dividend

DENVER, March 22, 2023 (GLOBE NEWSWIRE) -- Apartment Income REIT Corp. ("AIR" or “AIR Communities”) (NYSE: AIRC) announced that it was named a Kingsley Excellence Elite Five multifamily company and a winner of the 2023 Kingsley Excellence Awards. This award recognizes companies who continually exceed industry standards and consistently deliver an outstanding customer experience. Of the winners, AIR ranked second among all operators, and first among publicly traded REITs.

AIR Communities Named a Kingsley Elite Five Multifamily Company for Customer Service Excellence

Denver, CO, March 15, 2023 (GLOBE NEWSWIRE) -- Apartment Income REIT Corp. ("AIR" or “AIR Communities”) (NYSE: AIRC) is continuing its longstanding partnership with the National Leased Housing Association (NLHA) to offer the AIR Gives Opportunity Scholarship. The program serves students in affordable housing and is accepting applications now through Friday, April 7, 2023.

Supporting Students in Affordable Housing: AIR Gives Opportunity Scholarship Now Open

AFC Gamma

Ladder Capital

PotlatchDeltic

Piedmont Office Realty Trust

Alpine Income Property Trust

Starwood Property

With market uncertainty weighing on investor sentiment, market participants may want to concentrate on high-potential real estate investment trusts or REITs to buy. Primarily, this financial vehicle attracts buyers due to their typically strong yields.

7 REITs to Buy for March 2023

DENVER--(BUSINESS WIRE)---- $AIRC #AIRC--Apartment Income REIT Corp. ("AIR") (NYSE: AIRC) announced today that Chief Executive Officer, Terry Considine and CFO, Paul Beldin, will host a roundtable discussion at the Citi 2023 Global Property CEO Conference on Tuesday, March 7, 2023 at 10:35 am Eastern Time. A live webcast of the discussion will be available here.

AIR Communities to Present at Citi 2023 Global Property CEO Conference

The great thing about owning REITs today is the broad diversification they provide across property sectors and geographies. It's because of this diverse universe that investors can customize their REIT portfolio based on targeted themes and unique risk profile characteristics.

Avoid The 3 Ts And Get 3 Zs

Agnico Eagle Mines

Applied Industrial Technologies

Arthur J. Gallagher & Co.

Albemarle

ALLETE

American National Bankshares

Arrow Financial

Associated Banc-Corp

Avnet

Avery Dennison

American Water Works

Bank of America

Booz Allen Hamilton Hld

Blackrock Inc

Dividend Champion, Contender, And Challenger Highlights: Week Of February 26

Apartment Investment and Management

Alpine Global Premier Properties Fund

Cambria Global Real Estate ETF

BRT Apartments

Blackstone Group

Clipper Realty

Centerspace REIT

Invesco S&P 500 Equal Weight Real Estate ETF

Fidelity MSCI Real Estate ETF

First Trust S&P REIT Index Fund

FlexShares Global Quality Real Estate Index Fund

Apartment REITs were the second-worst-performing property sector in 2022 - barely outperforming the troubled office sector - despite delivering a record year of operating performance highlighted by 20% FFO growth. Following two years of historic rent growth, there is little doubt that growth will moderate over the coming quarters. Market consensus sees a "hard landing" with rising vacancies and declining rents.

Apartment REITs: Tracking For Soft Landing

News for Apartment Income REIT Corp Stock (AIRC)