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Apartment Income Reit Corp   (AIRC)
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Price: $32.1700 $1.05 3.374%
Day's High: $32.32 Week Perf: 5.65 %
Day's Low: $ 31.19 30 Day Perf: 12.68 %
Volume (M): 1,488 52 Wk High: $ 40.29
Volume (M$): $ 47,866 52 Wk Avg: $34.53
Open: $31.21 52 Wk Low: $28.22



 Market Capitalization (Millions $) 4,827
 Shares Outstanding (Millions) 150
 Employees -
 Revenues (TTM) (Millions $) 832
 Net Income (TTM) (Millions $) 1,055
 Cash Flow (TTM) (Millions $) -167
 Capital Exp. (TTM) (Millions $) 481

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

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

AIR's investment strategy is focused on acquiring high-quality, cash-flowing properties that offer significant upside potential through renovations and better management. The company's 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 company's 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 company's 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
   AIRC is expected to report next financial results on February 27, 2024.


   

Stock Performances by Major Competitors

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Power Reit

Breaking down third quarter of 2023 numbers, the Real Estate Investment Trusts company's saw that revenue has tumbled

Power Reit, a Real Estate Investment Trusts company, recently reported disappointing financial results for the July to September 30, 2023 time-frame. The company's revenue experienced a significant decline of 75.666%, reaching only $0.49 million. Additionally, the shortfall per share increased to $-3.01 from the same reporting season a year ago. This drastic decrease in business stands in stark contrast to the average revenue growth observed in the Real Estate Investment Trusts industry during the same period.
In comparison to the preceding reporting season, where the company had a shortfall per share of $-0.69 and revenue of $0.22 million, Power Reit saw a sequential revenue increase of 124.202%. However, despite this increase, the company still experienced a net shortfall of $-10.023 million for the financial third quarter of 2023, compared to zero gains during the same reporting season the previous year.

Calethos Inc

Business expenses have been on the rise at the Calethos Inc in the third quarter of 2023

Following the recent reports from bellwethers in the Real Estate Investment Trusts (REITs) industry, attention is shifting to some overlooked corporations, including RSRT and Calethos Inc., as they prepare to release their financial results. RSRT has recently announced an operating shortfall of $-0.092 million for the third quarter of 2023. As the corporation continues to develop, shareholders eagerly await the implementation of a new business model as soon as possible, as they do not solely rely on the current productivity improvements at the company.
Despite the current circumstances, it is important to note that profitability has a minimal impact on the organization. In fact, RSRT suffered a deficit of $-0.098 million in the third quarter of 2023, despite its profitability in the same period of 2022. These figures highlight the volatility and unpredictability of the REITs industry, where market conditions and a company's specific situation can greatly impact their financial outcomes.

Empire State Realty Op L P

Empire State Realty Op L P Delivers Impressive Q3 Profits, Surging by 133.33% Amidst Market Volatility

Over the course of the last five trading days, Empire State Realty Op L P shares have experienced a decline of -2.39%. This brings their year-to-date performance to a positive 24.92%. Currently, Empire State Realty Op L P shares are trading on the NYSEArca at a value that is 13.8% above its 52-week average.
Despite the recent decline in share value, Empire State Realty Op L P posted very strong profitability numbers in the fiscal third quarter of 2023. During this period, their income per share increased significantly by 133.33% to $0.07 per share. Additionally, their revenue grew moderately by 4.253% to $191.53 million compared to the same reporting season the previous year.

Strawberry Fields Reit Inc

Earnings Take a Dip, but Revenue Shows Promise for Strawberry Fields REIT Inc in Latest Fiscal Period

In a world of uncertainty, one sector remains steadfast and reliable ? the stock market. And within the realm of the stock market, Real Estate Investment Trusts (REITs) have always been a safe bet for investors. Today, we bring you some exciting news about a particular REIT company that experienced mixed earnings in the most recent fiscal period.
Strawberry Fields REIT Inc, known for its dedication to growth and innovation, reported a fascinating set of earnings. While revenue increased by a remarkable 6.338% to $25.77 million compared to the prior year, there was a slight decline in earnings per share, which dropped by -47.06% to $0.09 per share.

Umh Properties Inc

UMH Properties Inc's Subpar Financial Performance Reflects Struggles with Operational Efficiency and Raises Concerns for Future Prospects



UMH Properties Inc, a Real Estate Investment Trust (REIT) company, disappointed investors with its fiscal third quarter (Q3) 2023 financial results. Despite a marginal improvement in revenue, the company reported a significant increase in losses compared to the previous quarter. Moreover, UMH Properties Inc's underperformance relative to its sector peers and its low stock performance raise concerns about its future prospects.
Unimpressive Financial Performance
UMH Properties Inc recorded a loss per share of $-0.09 in Q3 2023, showing a slight improvement from the previous year's $-0.18 loss per share. However, this improvement is overshadowed by the fact that the company's losses increased from $-0.07 per share compared to the prior quarter. These results indicate a lack of operational efficiency and suggest that the company is struggling to control its costs effectively.






 

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