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 the country's largest owners and operators of apartments, with 99 communities in 12 states and the District of Columbia. AIR common shares are traded on the New York Stock Exchange under the ticker symbol AIRC, and are included in the S&P 400. For more information about AIR, please visit our website at www.aircommunities.com.
IPO Year: 2020
Exchange: NYSE
Website: aircommunities.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/18/2024 | Outperform → Mkt Perform | Raymond James | |
| 2/28/2024 | $31.00 | Buy → Neutral | Mizuho |
| 2/22/2024 | $34.00 | Neutral | Goldman |
| 10/24/2023 | $37.00 | Outperform | Raymond James |
| 10/3/2023 | $37.00 | Outperform | Wedbush |
| 8/28/2023 | $44.00 | Hold → Buy | Truist |
| 7/18/2023 | $39.00 → $42.00 | Market Perform → Outperform | BMO Capital Markets |
| 3/15/2023 | $39.00 | Underperform → Market Perform | BMO Capital Markets |
| 1/24/2023 | $39.00 | Outperform | Wolfe Research |
| 12/8/2022 | $39.00 → $43.00 | Sell → Buy | Goldman |
NEW YORK, June 20, 2024 /PRNewswire/ -- Ryan Specialty Holdings Inc. (NYSE:RYAN) will replace Apartment Income REIT Corp. (NYSE:AIRC) in the S&P MidCap 400 effective prior to the opening of trading on Friday, June 28. Blackstone Inc. (NYSE:BX) is acquiring Apartment Income REIT in a deal expected to be completed soon, pending final closing conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector June 28, 2024 S&P MidCap 400 Addition Ryan Specialty Holdings RYAN Financials June 28, 2024 S&P MidCap 400 Deletion Apartment Income REIT AIRC Real Estate For mor
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 is in the top 15% of Colorado public companies to achieve this level of board gender parity, and since 2018, the company has been recognized annually for its continued commitment to women in leadership. In 2021, AIR elected three new independent directors to its board – Tom Bohjalian, Kristin Finney-Cooke, and Margarita Paláu-Hernández – as part of the company's ongoing board refreshment
Steve Cates Appointed as Chief Accounting Officer and Controller Westwater Resources, Inc. (NYSE:WWR), an energy materials company and developer of U.S. mineral resources essential for batteries for energy storage, today announced the appointment of Steven M. Cates as Chief Accounting Officer & Controller ("CAO"), effective May 10, 2021. As the Company's CAO, Mr. Cates will serve as the principal accounting officer overseeing all accounting operations, financial reporting, tax and treasury functions. Mr. Cates will report to Chief Financial Officer Jeffrey L. Vigil, who will continue to serve as the Company's principal financial officer. Christopher M. Jones, President and Chief Executive
Apartment Income REIT Corp. ("AIR") (NYSE:AIRC), announced today that Conor Wagner has resigned as Senior Vice President and Chief Investment Officer of AIR for an opportunity in Southern California. Mr. Wagner will remain with AIR through May 14 to provide for a smooth transition. Terry Considine, AIR's CEO remarked, "I am delighted for Conor and his family. His new assignment is a ‘dream job' and allows his family to return home. I want to express my gratitude to Conor for his many contributions over the past three years. He possesses great insight and integrity. He was the architect for our simplified business model, and therefore for its unlocking of $1 billion in shareholder value. He
Blackstone (NYSE:BX) and Apartment Income REIT Corp. ("AIR Communities" or the "Company") today announced that Blackstone Real Estate Partners X ("Blackstone") has completed its previously announced acquisition of all outstanding common shares of AIR Communities for $39.12 per share in an all-cash transaction valued at approximately $10 billion, including the assumption of debt. BofA Securities, Barclays, BMO Capital Markets Corp., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, SG Americas Securities, LLC and Wells Fargo acted as Blackstone's financial advisors, and Simpson Thacher & Bartlett LLP served as Blackstone's legal c
Apartment Income REIT Corp. (NYSE:AIRC) (the "Company") today announced that, at the concluded special meeting of stockholders held earlier today, its stockholders approved the all-cash acquisition of the Company by Blackstone Real Estate Partners X ("Blackstone"). The Company will provide final vote results for the special meeting, as certified by the independent Inspector of Election, on a Current Report on Form 8-K to be filed with the U.S. Securities and Exchange Commission. As previously announced, the Company and affiliates of Blackstone have entered into a definitive merger agreement, pursuant to which such affiliates have agreed to acquire the outstanding shares of common stock
NEW YORK, June 20, 2024 /PRNewswire/ -- Ryan Specialty Holdings Inc. (NYSE:RYAN) will replace Apartment Income REIT Corp. (NYSE:AIRC) in the S&P MidCap 400 effective prior to the opening of trading on Friday, June 28. Blackstone Inc. (NYSE:BX) is acquiring Apartment Income REIT in a deal expected to be completed soon, pending final closing conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector June 28, 2024 S&P MidCap 400 Addition Ryan Specialty Holdings RYAN Financials June 28, 2024 S&P MidCap 400 Deletion Apartment Income REIT AIRC Real Estate For mor
Apartment Income REIT Corp. (NYSE:AIRC) ("AIR Communities" or the "Company") today announced that Glass, Lewis & Co. ("Glass Lewis"), another leading independent proxy advisory firm, has joined Institutional Shareholder Services Inc. ("ISS"), in recommending that stockholders vote "FOR" the proposal to approve the previously announced all-cash acquisition of the Company by Blackstone Real Estate Partners X ("Blackstone"), at the Company's upcoming Special Meeting of Stockholders (the "Special Meeting") scheduled for June 25, 2024 at 10:00 a.m., Mountain Time. As previously announced, the Company and affiliates of Blackstone have entered into a definitive merger agreement, pursuant to whic
Apartment Income REIT Corp. (NYSE:AIRC) ("AIR Communities" or the "Company") today announced that a leading independent proxy advisory firm, Institutional Shareholder Services Inc. ("ISS"), has recommended that stockholders vote "FOR" the previously announced all-cash acquisition of the Company by Blackstone Real Estate Partners X ("Blackstone"), at the Company's upcoming Special Meeting of Stockholders (the "Special Meeting") scheduled for June 25, 2024, at 10:00 a.m. Mountain Time. As previously announced, the Company and affiliates of Blackstone have entered into a definitive merger agreement, pursuant to which such affiliates have agreed to acquire the outstanding shares of common sto
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. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240514197242/en/AIRC) today announced that it has been named a Top Workplace in South Florida by The Sun Sentinel. (Graphic: Business Wire)">Apartment Income REIT Corp. ("AIR" or "AIR Communities") (NYSE:AIRC) today a
Apartment Income REIT Corp. ("AIR" or "AIR Communities") (NYSE:AIRC) announced today that it has been named a Top Workplace in Philadelphia by The Philadelphia Inquirer. 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. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240513783827/en/AIRC) announced today that it has been named a Top Workplace in Philadelphia by The Philadelphia Inquirer. (Graphic: Business Wire)">Apartment Income REIT Corp. ("AIR" or "AIR Communities") (NY
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. This recognition marks AIR's 11th year 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. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240501103368/en/AIRC) announced today that it has been named a Top Workplace in Colorado by The Denver Post. (Graphic:
Plans to Invest More Than $400 Million to Maintain and Improve Existing Portfolio, Illustrating Commitment to Delivering a Leading Resident Experience Blackstone (NYSE:BX) and Apartment Income REIT Corp. (NYSE:AIRC) ("AIR Communities" or the "Company") today announced that they have entered into a definitive agreement under which Blackstone Real Estate Partners X ("Blackstone") will acquire all outstanding common shares of AIR Communities for $39.12 per share in an all-cash transaction valued at approximately $10 billion, including the assumption of debt. The purchase price represents a premium of 25% to AIR Communities' closing share price on the NYSE on April 5, 2024, the last trading
2024 marks AIR's third consecutive year on the Top Workplaces USA list. Apartment Income REIT Corp. (NYSE:AIRC) ("AIR" or "AIR Communities") has received a 2024 Top Workplaces USA award, as featured in USA TODAY. The award winners are determined solely on teammate feedback gathered through a third-party survey. The anonymous survey measures 15 culture drivers that are critical to the success of any organization, including alignment, execution, connection, and more. "Being named a Top Workplace USA winner for three years in a row is a tremendous honor," said Beth Harmon, AIR's Vice President of Human Resources. "This recognition reflects our strong commitment to fostering a positive and
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SC 13G/A - Apartment Income REIT Corp. (0001820877) (Subject)
SC 13G/A - Apartment Income REIT Corp. (0001820877) (Subject)
SC 13G/A - Apartment Income REIT Corp. (0001820877) (Subject)
SC 13G/A - Apartment Income REIT Corp. (0001820877) (Subject)
SC 13G/A - Apartment Income REIT Corp. (0001820877) (Subject)
SC 13G/A - Apartment Income REIT Corp. (0001820877) (Subject)
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25-NSE - Apartment Income REIT Corp. (0001820877) (Subject)
Apartment Income REIT Corp. (NYSE:AIRC) (the "Company") today announced that, at the concluded special meeting of stockholders held earlier today, its stockholders approved the all-cash acquisition of the Company by Blackstone Real Estate Partners X ("Blackstone").The Company will provide final vote results for the special meeting, as certified by the independent Inspector of Election, on a Current Report on Form 8-K to be filed with the U.S. Securities and Exchange Commission.As previously announced, the Company and affiliates of Blackstone have entered into a definitive merger agreement, pursuant to which such affiliates have agreed to acquire the outstanding shares of common stock of the
Blackstone Inc. (NYSE:BX) is acquiring Apartment Income REIT in a deal expected to be completed soon, pending final closing conditions.
As of May 31, 2024, four stocks in the real estate sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here's the latest list of major overbought players in this sector. AMREP Corporation (NYSE:AXR) On March 8, AMREP reported earnings of 2 cents per share for its
As of April 18, 2024, two stocks in the real estate sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here's the latest list of major overbought players in this sector. Apartment Income REIT Corp. (NYSE:AIRC) On April 8, Apartment Income REIT announced it wil
Blackstone Inc (NYSE:BX) shares are trading lower after it reported first-quarter FY24 results. Blackstone reported adjusted revenues of $2.55 billion, beating the consensus of $2.49 billion. Distributable earnings (DE) rose 1% Y/Y to $1.27 billion. Fee-related earnings grew by 12% Y/Y to $1.16 billion. Fee-related earnings rose 12% Y/Y in the Real Estate, 25% in the Credit & Insurance business, and 2% Y/Y in the Private Equity segments. Net accrued performance revenue declined to $6.1 billion in the quarter from $6.4 billion in the prior year quarter. Distributable earnings per share of $0.98 topped the consensus of $0.97. Asset under management rose 7% Y/Y to $1.06 tril
Wedbush analyst Richard Anderson downgrades Apartment Income REIT (NYSE:AIRC) from Outperform to Neutral and raises the price target from $35 to $39.
Wolfe Research analyst Andrew Rosivach downgrades Apartment Income REIT (NYSE:AIRC) from Outperform to Peer Perform.
In the preceding three months, 4 analysts have released ratings for Apartment Income REIT (NYSE:AIRC), presenting a wide array of perspectives from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 0 3 0 0 Last 30D 1 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 2 0 0 3M Ago 0 0 0 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $35.28, with a high estimate of $39.12 and a low estimate of $31.00. Highlighting a
Truist Securities analyst Michael Lewis maintains Apartment Income REIT (NYSE:AIRC) with a Buy and lowers the price target from $40 to $37.
BMO Capital analyst John Kim downgrades Apartment Income REIT (NYSE:AIRC) from Outperform to Market Perform and raises the price target from $36 to $39.12.
4 - Apartment Income REIT Corp. (0001820877) (Issuer)
4 - Apartment Income REIT Corp. (0001820877) (Issuer)
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Raymond James downgraded Apartment Income REIT Corp. from Outperform to Mkt Perform
Mizuho downgraded Apartment Income REIT Corp. from Buy to Neutral and set a new price target of $31.00
Goldman resumed coverage of Apartment Income REIT Corp. with a rating of Neutral and set a new price target of $34.00
Raymond James initiated coverage of Apartment Income REIT Corp. with a rating of Outperform and set a new price target of $37.00
Wedbush initiated coverage of Apartment Income REIT Corp. with a rating of Outperform and set a new price target of $37.00
Truist upgraded Apartment Income REIT Corp. from Hold to Buy and set a new price target of $44.00
BMO Capital Markets upgraded Apartment Income REIT Corp. from Market Perform to Outperform and set a new price target of $42.00 from $39.00 previously
BMO Capital Markets upgraded Apartment Income REIT Corp. from Underperform to Market Perform and set a new price target of $39.00
Wolfe Research initiated coverage of Apartment Income REIT Corp. with a rating of Outperform and set a new price target of $39.00
Goldman upgraded Apartment Income REIT Corp. from Sell to Buy and set a new price target of $43.00 from $39.00 previously
Plans to Invest More Than $400 Million to Maintain and Improve Existing Portfolio, Illustrating Commitment to Delivering a Leading Resident Experience Blackstone (NYSE:BX) and Apartment Income REIT Corp. (NYSE:AIRC) ("AIR Communities" or the "Company") today announced that they have entered into a definitive agreement under which Blackstone Real Estate Partners X ("Blackstone") will acquire all outstanding common shares of AIR Communities for $39.12 per share in an all-cash transaction valued at approximately $10 billion, including the assumption of debt. The purchase price represents a premium of 25% to AIR Communities' closing share price on the NYSE on April 5, 2024, the last trading
Apartment Income REIT Corp. (NYSE:AIRC) ("AIR" or the "Company") has announced that the date of its 2024 annual meeting of shareholders will be June 14, 2024. "The Board continues to have a proactive and thoughtful process to assess Board composition and leadership and seek continuous improvements to AIR's governance," commented Ann Sperling, Chairman of AIR's Governance and Corporate Responsibility Committee. She continued, "We heard from shareholders that they prefer an annual meeting on a more typical spring cycle, and so we have moved our meeting from September to June to be responsive to that feedback." As announced last year and discussed with many shareholders, the Board has been
Apartment Income REIT Corp. ("AIR") (NYSE:AIRC) announced today results for the fourth quarter and full year 2023. Terry Considine, Chief Executive Officer, comments: "AIR's operating performance in 2023 was excellent… the highest in our peer group. We improved our portfolio with co-investment from two of the most respected global property investors. In 2024, we will continue to focus on driving predictable growth in recurring free cash flow… attracting high quality residents, and retaining them with great service from productive and caring teammates. As ever, we expect to improve… in operations, portfolio quality, operating scale, operating margins and quality of earnings, all with a saf
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 December 31, 2023. This dividend is payable on February 27, 2024, to shareholders of record February 16, 2024. On an annualized basis, the dividend represents $1.80 per share, reflecting a dividend yield of approximately 5.5% based on today's closing share price of $32.92. About AIR Communities Apartment Income REIT Corp (NYSE:AIRC) is a publicly traded, self-administered real estate investment trust ("REIT"). AIR's portfolio comprises 75 communities totaling 26,623 apartment homes located in 10 st
Apartment Income REIT Corp. ("AIR") (NYSE:AIRC) reported today the tax status of its 2023 distributions paid to shareholders. Details on the tax classifications of the distributions are included in the table below. As a result of the Separation from Aimco, taxable investors have benefited from AIR's refreshed tax basis through the favorable tax characterization of AIR's distributions as compared to peer REITs. Class A Common Stock CUSIP: 03750L109 Record Date Payable Date Dividend per Share Total Ordinary Dividends Qualified Dividends(1) Total Capital Gain Distribution Unrec
Apartment Income REIT Corp. ("AIR") (NYSE:AIRC) will release Fourth Quarter and Year-End 2023 earnings on Thursday, February 8, 2024, after the market closes. A live conference call to discuss these results will be conducted on Friday, February 9, 2024, at 1:00 p.m. Eastern time. Live Conference Call Domestic Toll-Free Number: +1 888-259-6580 Domestic / International Toll Number: +1 416-764-8624 Conference ID: 85506070 Webcast: investors.aircommunities.com Conference Call Replay Domestic Toll-Free Number: +1 877-674-7070 Domestic / International Toll Number: +1 416-764-8692 Passcode: 506070 # The conference call replay will be available until Thursday, May 9, 2024. Webcast Repla
Apartment Income REIT Corp. ("AIR") (NYSE:AIRC) announced today results for the third quarter of 2023. AIR Pro forma FFO up 10.3%… beating guidance by $0.01 due to: Same Store Revenue up 6.8% Same Store NOI growth of 6.3% Class of 2022 NOI Growth up 20.1% Run-Rate FFO up 7.3% AIR Makes Accretive Investments: Paired trades: $644 million of capital generated from: $623 million in joint venture funding of 11 properties $21 million in a property sale Used capital to fund: $155 million to purchase two properties $250 million to fund an additional Core JV property, AIR share of which is 53% $78 million to repurchase AIR shares $161 million to repay d
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 September 30, 2023. This dividend is payable on November 30, 2023, to shareholders of record on November 17, 2023. On an annualized basis, the dividend represents $1.80 per share, reflecting a dividend yield of approximately 6.2% based on today's closing share price of $29.21. About AIR Communities Apartment Income REIT Corp (NYSE:AIRC) is a publicly traded, self-administered real estate investment trust ("REIT"). AIR's portfolio comprises 75 communities totaling 26,555 apartment homes located in 1
Apartment Income REIT Corp. ("AIR") (NYSE:AIRC) will release Third Quarter earnings on Thursday, November 2, 2023, after the market closes. A live conference call to discuss these results will be conducted on Friday, November 3, 2023, at 1:00 p.m. Eastern time. Live Conference Call Domestic Toll-Free Number: +1 888-259-6580 Domestic / International Toll Number: +1 416-764-8624 Conference ID: 32498060 Webcast: investors.aircommunities.com Conference Call Replay Domestic Toll-Free Number: +1 877-674-7070 Domestic / International Toll Number: +1 416-764-8692 Passcode: 498060 # The conference call replay will be available until Friday, February 2, 2024. Webcast Replay: investors.air
Apartment Income REIT Corp. ("AIR" or the "Company") (NYSE:AIRC) announced today results for the second quarter of 2023. During the second quarter, the Company: Delivered Pro forma FFO per share of $0.58, reflecting 13.7% year-over-year growth (adjusting for prior contribution of the Aimco note prepayment) and beating the midpoint of guidance by $0.01 per share; Delivered Same Store NOI growth of 10.6%; Formed two joint ventures to recapitalize 11 properties valued at $1.2 billion, with nine of 11 properties now closed and the remaining two expected to close by year-end; Used proceeds from the joint ventures to reduce Net Leverage to Adjusted EBITDAre to 5.9x on a pro forma ba