Apartment Income REIT Corp.

Apartment Income REIT Corp.

AIRC
Apartment Income REIT Corp.US flagNew York Stock Exchange
39.08
USD
-0.01
- -
5.67BMarket Cap
Apartment Income REIT Corp.
AIRC
(New York Stock Exchange)

Recent

price

39.08

P/E

ratio

- -

div

yld

- -

ROIC.AI

2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
TTM
FRC
17.9
12.64
10.52
9.79
9.1
8.56
8.63
8.07
8.15
8.21
6.88
6.46
5.88
4.81
5.02
5.54
5.47
Revenue per Share
5.06
-1.28
-1.38
-1.1
0.78
1.8
2.64
1.95
3.42
2.51
5.39
3.91
-0.85
2.9
5.87
4.29
4.36
Basic EPS, GAAP
4.72
2.61
2.83
2.07
3.01
2.86
2.82
2.96
3.08
3.2
3.25
3.14
2.26
2.16
2.73
2.5
2.44
Free Cash Flow per Basic Share
8.61
1.65
1.1
1.15
1.34
1.26
1.39
1.61
1.77
1.91
2.02
2.05
2.49
1.75
1.8
1.8
1.8
Dividend per Share
-33.61
-27.83
-29.4
-30.4
-27.17
-24.58
-23.22
-21.36
-19.51
-19.32
-15.94
-14.43
-17.4
-12.67
-8.6
-6.47
-7
Book Value per Share
13.68
9.77
7.12
5.19
10.6
9.97
11.35
13.55
15.42
13.02
13.89
16.13
11.05
12.87
15.33
17.53
17.1
Tangible Book Value per Share
69
90
91
93
105
114
114
122
122
122
122
119
122
154
154
148
147
Basic Weighted Avg Shares
1,243
1,131
959
914
959
974
984
981
996
1,005
840
771
720
741
774
820
804
Sales/Revenue/Turnover
13.84
10.98
10.71
14.8
19.33
25.57
26.65
26.11
24.78
22.86
20.96
16.32
4.08
18.14
17.65
21.48
22.44
Operating Margin (%)
516
496
363
323
325
292
283
306
333
366
329
317
321
320
351
343
327
Depreciation Expense
412
-64
-72
-57
132
207
309
249
430
316
666
474
-104
448
904
635
640
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.06
- -
- -
0.4
0.35
0.37
Effective Tax Rate (%)
33.14
-5.68
-7.48
-6.24
13.82
21.28
31.42
25.34
43.22
31.41
79.29
61.52
-14.47
60.42
116.89
77.45
79.6
Profit Margin (%)
-185
-112
-114
171
154
-49
-156
-116
-118
-97
-213
15
-257
-168
-475
-163
-449
Working Capital
6,070
5,479
5,182
4,773
4,413
4,338
4,023
3,822
3,867
4,022
3,915
3,738
3,977
3,439
3,180
3,095
3,089
LT Debt
1,647
1,535
1,307
1,228
1,235
1,253
1,530
1,852
2,048
1,757
1,865
1,963
1,388
2,019
2,396
2,628
2,546
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
2.11
- -
- -
2.31
2.96
3.01
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
23.88
- -
- -
41.91
27.91
27.54
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'23
Dec'23
Mar'24
ST Debt
26
115
260
LT Borrowings
3,102
3,095
3,089
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
2
2
2
Shares Outstanding
147
145
145
Market Capitalization
4,434
5,063
4,768

Working Capital

FRC

in mil. unless spec.
Sep'23
Dec'23
Mar'24
Total Current Assets
134
187
115
Cash, Cash Equivalents & STI
107
91
88
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
509
350
563
Payables & Accruals
483
235
303
ST Debt
26
115
260
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.55%
9.95%
9.64%
Free Cash Flow
2.36%
0.62%
-11.93%
Net Income, GAAP
-42.14%
-121.68%
-29.78%
Sales/Revenue/Turnover
-1.48%
-0.3%
5.99%
Total Cash Common Dividend
7.2%
3.13%
-4.11%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
181
184
201
208
774
2023
212
215
197
196
820
2024
196
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
2.4
1.26
0.01
2.2
5.87
2023
-0.08
-0.01
4.5
-0.11
4.29
2024
-0.05
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
0.45
0.45
0.45
0.45
1.8
2023
0.45
0.45
0.45
0.45
1.8
2024
0.45
- -
- -
- -
- -
Business
Apartment Income REIT Corp. (NYSE: AIRC), commonly known as AIR Communities, operates as a self-administered real estate investment trust focused on owning and managing high-quality multifamily apartment communities in the United States. The company owns a portfolio of approximately 76 communities comprising over 27,000 apartment homes located across 10 states and the District of Columbia, with concentrations in coastal and high-demand markets including Denver, Philadelphia, San Diego, South Florida, Washington DC, Miami, Los Angeles, and Boston; it emphasizes a predictable business model centered on the "AIR Edge," which drives resident selection, satisfaction, retention, and innovative property management services. Founded in 2020 following its spin-off from Apartment Investment and Management Company (Aimco), AIR Communities maintains headquarters in Denver, Colorado. In 2024, Blackstone Real Estate Partners X completed the acquisition of AIR Communities in a $10 billion take-private transaction at $39.12 per share, delisting the company from the NYSE and committing over $400 million for portfolio maintenance, improvements, and potential growth initiatives.

Company News

APIChatGPT
  • AIR Communities' Stockholders Approve Acquisition by Blackstone Real Estate

  • AIR Communities Announces Proxy Advisory Firm Glass Lewis Joins ISS in Recommending Stockholders Vote “FOR” Proposed Acquisition by Blackstone Real Estate

  • 7 Small-Cap Value Stocks Leaving the S&P 500 in the Dust

  • AIR Communities Announces Proxy Advisory Firm ISS Recommends Stockholders Vote “FOR” Proposed Acquisition by Blackstone

  • Why I Buy Rental Property REITs Instead Of Rental Properties

  • Natixis Advisors L.P. Makes New Investment in Apartment Income REIT Corp. (NYSE:AIRC)

  • The State Of REITs: May 2024 Edition

  • Apartment Income REIT (NYSE:AIRC) & Phillips Edison & Company, Inc. (NASDAQ:PECO) Head-To-Head Survey

  • AIR Communities Named a 2024 Top Workplace in South Florida

  • Pocket-Sized Powerhouses: 7 Small-Cap Value Stocks Ready to Roar

  • STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Announces An Investigation of Apartment Income REIT Corp. - AIRC

  • APARTMENT INCOME REIT INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Apartment Income REIT Corp. - AIRC

  • Billionaire Investors Say 'Buy REITs'

  • AIR Communities Earns Eleventh Denver Post Top Workplace Award

  • SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates WIRE, AIRC, INRD

  • SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SWAV, AIRC, INRD

  • STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Announces an Investigation of Apartment Income REIT Corp. - AIRC

  • APARTMENT INCOME REIT INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Apartment Income REIT Corp. - AIRC

  • Blackstone To Take Rental Housing Owner AIR Communities Private in $10B Deal

  • Shareholder Alert: Ademi LLP investigates whether Apartment Income REIT Corp. has obtained a Fair Price in its transaction with Blackstone