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.

Apartment Income REIT Corp. (NYSE:AIRC ) Q2 2022 Earnings Conference Call July 29, 2022 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 - Chief Financial Officer Conference Call Participants Michael Bilerman - Citi Rich Anderson - SMBC Barry Liu - Mizuho Chandni Luthra - Goldman Sachs Operator Good afternoon. Thank you for attending.

Apartment Income REIT Corp. (AIRC) CEO Terry Considine on Q2 2022 Results - Earnings Call Transcript

Apartment Income REIT Corp. (AIRC) delivered FFO and revenue surprises of 1.54% and 0.51%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Apartment Income REIT Corp. (AIRC) Q2 FFO and Revenues Top Estimates

DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. ("AIR") (NYSE: AIRC) was formed to provide investors the most efficient and effective way to allocate capital to multi-family real estate. In only 18 months, or one-half the expected time, the establishment of AIR is complete. The balance sheet has been transformed with leverage reduced by $850 million, or 23%. The relationship with Apartment Investment & Management Company ("Aimco"), approximately 14% of AIR's net asset value ("NAV") at

AIR Reports Second Quarter 2022 Results, Raises Same Store Revenue and NOI Guidance, Completes $640M in Acquisitions, Makes $125M in Share Repurchases, and Further Simplifies Balance Sheet.

2 REITs to Protect Your Portfolio From Inflation

Apartment Income REIT is a Real Estate Investment Trust which focuses on the apartment rental market. The REIT has a Dividend Yield of 4.36%, which is higher than peers in the apartment-focused REIT sector.

Apartment Income REIT: 4% Dividend And Inflation Hedge

AvalonBay Communities

It seems as if the interest rates and home prices have risen in tandem to make buying a home even.

2 moderate buy apartment REITs to keep on a watchlist

Camden Property

Equity Residential

Essex Property Trust

Mid-America Apartment Communities

Apartment REITs, down 20% this year, benefit from soaring home prices and mortgage rates, which force would-be buyers to remain renters

High Home Prices Help These REITs

DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. (“AIR”) (NYSE: AIRC) will release Second Quarter 2022 earnings on Thursday, July 28, 2022, after the market closes. The Second Quarter 2022 earnings conference call will be conducted on Friday, July 29, 2022, at 1:00 p.m. Eastern time. Live Conference Call Domestic Dial-In Number: 1-844-200-6205 International Dial-In Number: +1-929-526-1599 Access code: 725302 Webcast: investors.aircommunities.com Conference Call Replay Domestic Dial-In Numbe

AIR Communities Announces Dates for Second Quarter 2022 Earnings Release and Conference Call

DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. (“AIR”) (NYSE: AIRC) today announced the issuance of three tranches of guaranteed, senior unsecured notes, totaling $400 million at a weighted average effective interest rate of 4.3%, inclusive of a previously placed treasury lock, and a weighted average maturity of eight years. Specifically, AIR issued: $100 million of five year notes at a stated interest rate of 4.58%; $100 million of seven year notes at a stated interest rate of 4.77%; and

AIR Issues $400 Million of Senior Unsecured Notes

DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. (“AIR”) (NYSE: AIRC) today announced that it has reached agreement with Apartment Investment and Management Company (“Aimco”) to cancel existing leases at four properties owned by AIR and leased to Aimco for the purpose of their development. With the developments largely complete, the two companies negotiated an early termination of the leases for a negotiated payment of $200 million. The four properties include 865 apartment homes with avera

AIR Announces $534 Million Note Prepayment and $200 Million in Lease Cancellation Transactions

Inflation and a rough market for home buyers make apartment REITs attractive investments. AIRC is a founder-led REIT, which is rare for a mature company.

Apartment Income REIT: An Undervalued REIT With An Excellent CEO

Los Angeles, May 24, 2022 (GLOBE NEWSWIRE) -- Apartment Income REIT Corp., known as AIR Communities, presented the annual AIR Communities Housing Impact Award to California State Assemblywoman Blanca Rubio during the Mayoral Housing, Transportation, and Jobs Summit hosted by the Los Angeles Business Council (LABC).

AIR Communities Presents 2022 Housing Impact Award

Denver, CO, May 20, 2022 (GLOBE NEWSWIRE) -- Apartment Income REIT Corp., known as AIR Communities, has been selected as a 2022 Healthiest Employer award winner by the Denver Business Journal and partner Healthiest Employers. This is the third consecutive year that AIR Communities has been selected as a Healthiest Employer.

AIR Communities Receives Healthiest Employer Award

Apartment Income REIT Corp (NYSE:AIRC ) Q1 2022 Earnings Conference Call May 3, 2022 1:00 PM ET Company Participants Lisa Cohn - President and General Counsel Terry Considine - CEO Keith Kimmel - President, Property Operations John McGrath - Co-CIO and Chairman of Investment Committee Paul Beldin - CFO Patti Shwayder - SVP and Chief Corporate Responsibility Officer Conference Call Participants Rob Stevenson - Janney John Kim - BMO Capital Markets Nick Joseph - Citi Haendel St. Juste - Mizuho Chandni Luthra - Goldman Sachs Richard Anderson - SMBC Operator Good afternoon, my name is Austin and I will be your conference operator today. At this time, I would like to welcome everyone to the Apartment Income REIT's First Quarter 2022 Earnings Conference Call.

Apartment Income REIT Corp (AIRC) CEO Terry Considine on Q1 2022 Results - Earnings Call Transcript

Apartment Income REIT Corp. (AIRC) delivered FFO and revenue surprises of 0% and 3.56%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

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

DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. ("AIR") (NYSE: AIRC) announced today first quarter results for 2022. Chief Executive Officer Terry Considine comments: "AIR began the year with strong results, the product of intentional focus on a simple business model, comparative advantage in property operations, low G&A costs, and a commitment to low leverage." "Comparing first quarter 2022 to first quarter 2021: Same Store revenue and NOI are up 9.2% and 11.7%, respectively. NOI marg

AIR Reports First Quarter 2022 Results; First Quarter FFO of $0.57 Per Share $0.02 Above Midpoint of Guidance; Pro Forma Leverage to EBITDAre at 5.4x, Within Targeted Range.

Denver, CO, April 28, 2022 (GLOBE NEWSWIRE) -- Apartment Income REIT Corp., known as AIR Communities, has received a 2021 Gender Balanced Board award from Boardbound by Women's Leadership Foundation, a Colorado-based organization focused on board diversity and leadership development.

AIR Communities Recognized for Gender Balanced Board of Directors

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 th

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

By some metrics, AIRC performed better last year than any of its coastal multifamily REIT peers, and yet it trades at a notable discount. AIRC has a strong operating platform and shareholder-aligned management team.

Apartment Income REIT Still Makes A Decent Buy For Conservative Dividend Investors

DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. (“AIR”) (NYSE: AIRC) will release First Quarter 2022 earnings on Monday, May 2, 2022, after the market closes. The First Quarter 2022 earnings conference call will be conducted on Tuesday, May 3, 2022, at 1:00 p.m. Eastern time. Live Conference Call Domestic Dial-In Number: 1-844-200-6205 International Dial-In Number: +1-929-526-1599 Access code: 233945 Webcast: investors.aircommunities.com Conference Call Replay Domestic Dial-In Number: 1-86

Apartment Income REIT Corp. Announces Dates for First Quarter 2022 Earnings Release and Conference Call

Axiom Apartments in Cambridge, MA and Ocean House on Prospect in La Jolla, CA received high praise online from prospective and current residents. Axiom Apartments in Cambridge, MA and Ocean House on Prospect in La Jolla, CA received high praise online from prospective and current residents.

Two AIR Apartment Communities Ranked Among the Top 1% in the Nation for Online Reputation

DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. (“AIR”) (NYSE: AIRC) announced today that Chief Executive Officer Terry Considine, CFO Paul Beldin, and Senior Vice President of Capital Markets Matthew O'Grady will host a roundtable discussion at the Citi 2022 Global Property CEO Conference March 9, 2022 at 10:30am ET. The event will be available live via webcast on AIR's website at https://investors.aircommunities.com. A replay of the webcast will be available from 12 hours after the concl

Apartment Income REIT Corp. Announces Participation in Citi 2022 Global Property CEO Conference

Arbor Realty Trust

Analog Devices

Ameren

Agnico Eagle Mines

Assured Guaranty

Albemarle

ALLETE

Allstate

Allegion

AMERISAFE

Air Products and Chemicals

Ames National

Auburn National Bancorporation

Avista

Avnet

Brookfield Asset Management

Brunswick

Brookfield Renewable Partners

Brookfield Infrastructure Partners L.P.

BWX Technologies

Commerce Bancshares

Cogent Communications Holdings

Celanese

Monthly update of the Dividend Champions List. 139 companies declared higher dividends in the past month, with an average increase of 10.54% over their previous payouts.

Dividend Champions For March 2022

Miami, FL, Feb. 22, 2022 (GLOBE NEWSWIRE) -- Apartment Income REIT Corp. (known as AIR Communities) is proud to announce Richard Sabater as the winner of the company's annual Humberto Award. Created in 2015, the award is named for Humberto Rodriguez, a beloved teammate who tragically lost his life in service to our communities. The award honors teammates who exemplify Mr. Rodriguez's zest for life, commitment to culture, and dedication to service.

AIR Communities Announces 2021 Humberto Award Winner, Richard Sabater

Apartment Income REIT Corp (AIRC) CEO Terry Considine on Q4 2021 Results - Earnings Call Transcript

News for Apartment Income REIT Corp Stock (AIRC)