CSIMarket
 
Apartment Income Reit Corp   (AIRC)
Other Ticker:  
 
    Sector  Services    Industry Professional Services
   Industry Professional Services
   Sector  Services
 
Price: $31.6900 $0.40 1.278%
Day's High: $31.77 Week Perf: -1.37 %
Day's Low: $ 31.11 30 Day Perf: 0.7 %
Volume (M): 2,371 52 Wk High: $ 37.36
Volume (M$): $ 75,143 52 Wk Avg: $33.43
Open: $31.14 52 Wk Low: $28.22



 Market Capitalization (Millions $) 4,709
 Shares Outstanding (Millions) 149
 Employees -
 Revenues (TTM) (Millions $) 820
 Net Income (TTM) (Millions $) 689
 Cash Flow (TTM) (Millions $) -184
 Capital Exp. (TTM) (Millions $) 520

Apartment Income Reit Corp
Apartment Income REIT Corp (AIR) is a real estate investment trust (REIT) that primarily invests in multifamily apartment properties across the United States. The companyes primary objective is to provide investors with consistent returns through the ownership of high-quality apartment buildings, located in growing markets with solid job growth, low unemployment rates, and high occupancy rates.

AIR was founded in 2011 as a private company focused on acquiring, renovating, and managing multifamily properties. In 2014, the company went public, and it now operates as a publicly traded REIT on the NYSE. The company is headquartered in Denver, Colorado.

The companyes real estate portfolio consists of over 98 multifamily assets, totaling over 30,000 apartment units, located across the United States. The companyes properties are primarily located in growing markets with strong economic fundamentals, such as the Sun Belt region (Arizona, Nevada, and Texas, among others).

AIRes properties are aimed at the value-add segment of the market, where the company targets undervalued properties that can be improved through renovations and better management practices. AIRes management team is actively involved in the day-to-day operations of its properties, and is constantly on the lookout for opportunities to add value.

The companyes property management team is responsible for maintaining the properties and ensuring that they remain attractive to tenants. AIRes team also seeks to establish strong relationships with local communities to enhance the tenant experience and improve property values.

AIRes investment strategy is focused on acquiring high-quality, cash-flowing properties that offer significant upside potential through renovations and better management. The companyes goal is to provide investors with consistent, long-term returns through the ownership of multifamily assets.

In summary, AIR is a publicly traded REIT that invests in high-quality multifamily apartment properties across the United States. The companyes investment strategy is focused on the value-add segment of the market, where they target undervalued properties that can be improved through renovations and better management practices. The companyes goal is to provide investors with consistent, long-term returns through the ownership of multifamily assets in growing markets with strong economic fundamentals.


   Company Address: 4582 South Ulster Street Denver 80237 CO
   Company Phone Number: 757-8101   Stock Exchange / Ticker: NYSE AIRC
   


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
• View Complete Report
   



Apartment Income Reit Corp

Apartment Income Reit Corp Reports Downturn in Revenue, Ending 2023 on a Struggling Note

Apartment Income Reit Corp (NYSE: AIRC) has experienced a significant decrease in its share prices over the past 30 days and year. The stock dropped by -12.25% in the last month, and -21.72% compared to the previous year. Currently, Apartment Income Reit Corp shares are trading only 11.5% above their 52-week low.
For the fiscal period ending December 31, 2023, Apartment Income Reit Corp faced a deficit of $-0.11 per share, a significant decrease compared to the $2.11 earnings per share recorded a year earlier. Additionally, the revenue for the company depreciated by -5.627% to $196.18 million from $207.87 million in the previous fiscal period. Sequentially, there was a -0.573% decrease in revenue from $197.31 million.

Management Changes

AIR Communities Showcases Commitment to Corporate Governance Excellence and Announces Date for 2024 Annual Meeting

Published Wed, Feb 14 2024 9:15 PM UTC



DENVER, August 23, 2023 - Apartment Income REIT Corp. (NYSE: AIRC), operating under the brand name AIR Communities, recently announced the highly anticipated date for its 2024 annual meeting of shareholders. Scheduled for June 14, 2024, this event will serve as an opportunity for stakeholders to engage with the company's leadership and discuss the organization's pe...

Apartment Income Reit Corp

Revamped Finances: Apartment Income Reit Corp reports slight top-line dip throughout fiscal year, ending September 30, 2023.



The third quarter of 2023 was a challenging period for many companies in the Real Estate Investment Trusts (REITs) industry. However, Apartment Income Reit Corp bucked the trend by achieving significant growth in net profit per share and improving profit margins. In this article, we delve into the intriguing facts surrounding Apartment Income Reit Corp's performance during this period.
Earnings Per Share and Net Profit Soar
Despite facing a decline in revenue, Apartment Income Reit Corp managed to increase its earnings per share to an impressive $4.43, representing a staggering 44,200% growth compared to the same period last year. Additionally, net profit per share soared by an astounding amount, reaching $710.512 million in the third quarter of 2023 earnings season, which is a drastic rise of 20,822.03% from the corresponding period the previous year.

Apartment Income Reit Corp

AIRC Witnessed a Rise in Fiscal Deficit for Q2 2023, Despite Surpassing Sector Contemporaries in Revenue Growth

Apartment Income Reit Corp is making noteworthy strides in the stock market, showcasing impressive growth and promising financial performance. During the fiscal time-frame of April to June 2023, the company's deficit has seen a substantial decrease, shrinking from $1.26 per share to just $0.01 per share compared to the previous year. This is a positive indicator of improved financial stability.
Moreover, the company's Income per Share has also experienced a positive upturn, moving from $-0.08 per share from the previous quarter to a more favorable position. This improvement signifies increasing profitability and potential for sustained growth in the future.

Apartment Income Reit Corp

Profitability not reached inspite of bewildering revenue at the company in the first quarter of 2023

Investors in Apartment Income Reit Corp may want to pay close attention to the company's recent financial performance, which shows some concerning trends. In particular, the company's first quarter of 2023 saw a return on asset (ROA) of just 7.01%, well below the company's average ROA of 12.49%. This decline was driven by a fall in net income, sending a warning signal to investors.
But the company's struggles go beyond just this lower ROA. When compared to other companies in the financial sector, Apartment Income Reit Corp is lagging behind. As many as 11 other companies had a higher return on assets in the same period, indicating that Apartment Income Reit Corp is facing stiff competition.






 

Apartment Income Reit's Segments
 
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
Apartment Income Reit does not provide revenue guidance.

Earnings Outlook
Apartment Income Reit Corp does not provide earnings estimates.

 
Geographic Revenue Dispersion




Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com