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Apartment Income Reit Corp   (AIRC)
Other Ticker:  
 
    Sector  Services    Industry Professional Services
   Industry Professional Services
   Sector  Services
 
Price: $39.0800 $-0.01 -0.026%
Day's High: $39.1 Week Perf: 0.23 %
Day's Low: $ 39.08 30 Day Perf: 0.98 %
Volume (M): 21,631 52 Wk High: $ 39.10
Volume (M$): $ 845,328 52 Wk Avg: $34.62
Open: $39.09 52 Wk Low: $28.81



 Market Capitalization (Millions $) 5,649
 Shares Outstanding (Millions) 145
 Employees -
 Revenues (TTM) (Millions $) 804
 Net Income (TTM) (Millions $) 695
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 416

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

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Business Update

Denvers AIR Communities Joins Forces with Blackstone Revamping the Apartment Market

Published Wed, Jun 26 2024 12:47 AM UTC

Denver-based Apartment Income REIT Corp. (AIRC) has announced the successful acquisition of the company by Blackstone Real Estate Partners X (Blackstone). In a special meeting held earlier today, AIR Communities' stockholders approved the all-cash acquisition, signaling a major turning point for the company and the future of the Denver apartment market.The acquisition is set...

Business Update

AIR Communities Stockholders Approve Acquisition by Blackstone Real Estate A Game-Changing Move in the Real Estate Se...

Published Tue, Jun 25 2024 10:47 PM UTC

DENVER Apartment Income REIT Corp. (NYSE: AIRC), a prominent real estate investment trust (REIT) specializing in apartment communities, has announced that its stockholders have unanimously approved an all-cash acquisition offer made by the renowned global investment firm, Blackstone Real Estate Partners X. The move is expected to bring about significant changes in the real e...

Apartment Income Reit Corp

Revenue Plunge: Professional Services Company Reports Single-Digit Decline in Q1 2024

Apartment Income REIT Corp, also known as AIR Communities, has experienced lower demand and declining revenue in the fiscal period ending on March 31, 2024. The company reported a loss per share of $-0.05, compared to a loss of $-0.11 per share in the previous reporting period. Additionally, revenue dropped by -7.722% to $195.62 million year on year. However, the rest of the Professional Services sector recorded a revenue rise in the first quarter of 2024.
Despite the decrease in revenue, Apartment Income REIT Corp was able to reduce its net shortfall from $-9.948 million to $-4.278 million in the fiscal period ending on March 31, 2024. Operating earnings also fell by -4.84% to $26.547 million, resulting in a slight decrease in the company's operating margin to 13.57% from 13.16% in the first quarter of 2023.

Product Service News

Anschutz Medical Campus Welcomes Four New Retailers: Enhancing the Lifestyle of Residents and Surrounding Community

Published Tue, Mar 19 2024 2:00 PM UTC

AURORA, Colo. ?? Apartment Income REIT Corp. (NYSE: AIRC), known as AIR Communities, is delighted to announce the arrival of four captivating new retailers at 21 Fitzsimons and The Fremont, two prestigious apartment communities situated at the heart of the Anschutz Medical Campus. These esteemed additions promise to deliver a wide array of services, catering to the needs of ...

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.







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