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AIRC

AIRC - Apartment Income REIT Corp. Stock Price, Fair Value and News

38.90USD-0.02 (-0.05%)Delayed as of 14 Jun 2024, 11:01 am ET

Market Summary

AIRC
USD38.90-0.02
Delayedas of 14 Jun 2024, 11:01 am
-0.05%

AIRC Alerts

  • JPMORGAN CHASE & CO reported owning 3.2% of AIRC [2024-05-08]
  • Big jump in Earnings (Y/Y)
  • Losses in recent quarter

AIRC Stock Price

View Fullscreen

AIRC RSI Chart

AIRC Valuation

Market Cap

5.6B

Price/Earnings (Trailing)

8.83

Price/Sales (Trailing)

7.03

EV/EBITDA

7.73

Price/Free Cashflow

15.76

AIRC Price/Sales (Trailing)

AIRC Profitability

EBT Margin

86.79%

Return on Equity

28.07%

Return on Assets

10.32%

Free Cashflow Yield

6.35%

AIRC Fundamentals

AIRC Revenue

Revenue (TTM)

803.8M

Rev. Growth (Yr)

-7.72%

Rev. Growth (Qtr)

-0.33%

AIRC Earnings

Earnings (TTM)

639.9M

Earnings Growth (Yr)

42.06%

Earnings Growth (Qtr)

59.34%

Breaking Down AIRC Revenue

52 Week Range

29.9738.94
(Low)(High)

Last 7 days

0.5%

Last 30 days

0.6%

Last 90 days

22.8%

Trailing 12 Months

5.5%

How does AIRC drawdown profile look like?

AIRC Financial Health

Debt/Equity

1.47

Debt/Cashflow

0.11

AIRC Investor Care

Buy Backs (1Y)

2.74%

Diluted EPS (TTM)

4.3

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2024803.8M000
2023804.2M835.3M831.7M820.1M
2022745.9M751.1M760.2M773.7M
2021709.9M706.6M720.3M740.9M
2020760.2M751.5M737.6M719.6M
2019822.8M805.4M788.0M770.6M
2018000840.2M

Tracking the Latest Insider Buys and Sells of Apartment Income REIT Corp.

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Mar 17, 2024
kimmel keith m
acquired
-
-
28,968
president of property operatio
Feb 23, 2024
bohjalian thomas n
bought
23,250
31.00
750
-
Feb 14, 2024
bohjalian thomas n
bought
28,003
31.5
889
-
Jan 30, 2024
palau hernandez margarita
acquired
-
-
4,861
-
Jan 30, 2024
bohjalian thomas n
acquired
-
-
4,861
-
Jan 30, 2024
keltner thomas l.
acquired
-
-
4,861
-
Jan 01, 2024
o'grady matthew
acquired
-
-
3,861
senior vice president
Jan 01, 2024
minix joshua
acquired
-
-
3,378
executive vice president
Jan 01, 2024
kimmel keith m
acquired
-
-
9,651
president of property operatio
Jan 01, 2024
cohn lisa r
acquired
-
-
13,511
president & general counsel

1–10 of 50

Which funds bought or sold AIRC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Jun 11, 2024
EverSource Wealth Advisors, LLC
reduced
-10.84
-432
29,054
-%
Jun 04, 2024
DekaBank Deutsche Girozentrale
added
83.15
1,590,000
3,892,000
0.01%
May 28, 2024
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
-111,000
1,591,000
0.01%
May 24, 2024
Cetera Investment Advisers
added
71.24
306,539
816,653
-%
May 20, 2024
Pacific Center for Financial Services
unchanged
-
-558
8,021
-%
May 20, 2024
Highlander Capital Management, LLC
unchanged
-
-226
3,247
-%
May 16, 2024
Tidal Investments LLC
sold off
-100
-252,070
-
-%
May 16, 2024
JANE STREET GROUP, LLC
reduced
-14.04
-226,794
928,187
-%
May 16, 2024
COMERICA BANK
reduced
-4.38
-249,259
2,102,300
0.01%
May 16, 2024
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-6.69
-698,986
4,776,340
0.01%

1–10 of 46

Are Funds Buying or Selling AIRC?

Are funds buying AIRC calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own AIRC
No. of Funds

Unveiling Apartment Income REIT Corp.'s Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
May 08, 2024
jpmorgan chase & co
3.2%
4,767,493
SC 13G/A
Feb 14, 2024
cohen & steers, inc.
7.00%
10,294,556
SC 13G/A
Feb 13, 2024
principal real estate investors llc
4.76%
6,991,963
SC 13G/A
Feb 13, 2024
principal real estate investors llc
-
7,568
SC 13G/A
Feb 13, 2024
vanguard group inc
14.45%
21,238,987
SC 13G/A
Jan 30, 2024
state street corp
5.64%
8,292,611
SC 13G/A
Jan 23, 2024
blackrock inc.
11.9%
17,436,419
SC 13G/A
Jan 08, 2024
jpmorgan chase & co
6.1%
9,074,246
SC 13G
Feb 15, 2023
principal real estate investors llc
5.02%
7,524,990
SC 13G
Feb 14, 2023
cohen & steers, inc.
11.71%
17,730,616
SC 13G/A

Recent SEC filings of Apartment Income REIT Corp.

View All Filings
Date Filed Form Type Document
Jun 13, 2024
11-K
Employee Benefit Details
Jun 13, 2024
DEFA14A
DEFA14A
Jun 12, 2024
DEFA14A
DEFA14A
May 21, 2024
DEFM14A
DEFM14A
May 10, 2024
PREM14A
PREM14A
May 08, 2024
10-Q
Quarterly Report
May 08, 2024
SC 13G/A
Major Ownership Report
May 07, 2024
DEFA14A
DEFA14A
May 06, 2024
8-K
Current Report
May 02, 2024
DEFA14A
DEFA14A

Peers (Alternatives to Apartment Income REIT Corp.)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
91.9B
11.2B
5.24% 2.77%
46.55
8.2
3.63% 50.79%
43.4B
6.8B
-1.22% -12.74%
31.11
6.33
-2.39% -16.60%
28.4B
2.8B
1.25% 5.15%
29.76
10.13
5.72% -6.46%
20.5B
3.0B
-5.57% -3.95%
104.32
6.93
10.44% -73.79%
13.0B
-
-1.83% 1.67%
30.71
7.99
8.93% 11.87%
11.4B
1.4B
3.16% 1.31%
30.2
8.32
10.48% -2.04%
MID-CAP
9.6B
3.3B
-4.28% 13.06%
50.09
2.91
4.82% -75.15%
8.4B
1.2B
-0.66% 7.93%
35.42
7.34
5.48% -38.69%
3.7B
913.7M
3.69% 121.78%
-7.19
4.03
1.13% -307.54%
3.2B
878.0M
-10.06% 32.26%
-9.35
3.64
2.35% -290.39%
SMALL-CAP
1.3B
444.1M
-3.19% 12.21%
19.37
2.99
3.54% 8.91%
1.2B
198.2M
-1.84% -4.41%
-7.33
6.02
-43.33% -308.08%
1.1B
650.2M
-0.28% -6.01%
36.04
1.7
27.93% 140.31%
551.0M
285.4M
-3.05% -40.32%
-4.32
1.93
11.05% 83.70%
445.3M
277.2M
-1.41% -17.47%
-54.3
1.61
25.89% 94.64%

Apartment Income REIT Corp. News

Latest updates
MarketBeat41 hours ago

Apartment Income REIT Corp. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Thousands)
Income Statement (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue-0.3%196196197215212208201184181194192178176174178182186192192190196
Operating Expenses6.2%169159159170182169174145158173165148147257170155156----
  S&GA Expenses55.9%10.007.006.006.007.005.008.005.007.003.006.005.004.0024.008.008.007.00----
EBITDA Margin1.1%1.43*1.42*1.87*1.04*1.31*1.86*1.92*1.94*1.65*1.25*0.67*0.64*---------
Interest Expenses6.8%35.0033.0023.0038.0036.0036.0033.0026.0022.0029.0031.0034.0036.0021.0045.0044.0037.00----
Income Taxes109.2%0.00-3.485.001.000.003.000.001.00-0.58-6.02-0.28-2.033.0098.00-0.42-0.78-1.31----
Earnings Before Taxes74.2%-3.96-15.367152.00-9.813573.0021340139310.00-21.7292.00-35.05-26.9739.004.00----
EBT Margin2.9%0.87*0.84*1.28*0.42*0.70*1.26*1.33*1.35*1.05*0.64*0.06*0.01*---------
Net Income59.3%-6.59-16.21664-1.34-11.383302.001973763739.00-17.9583.00-12525.0039.007.001332.0059.00272
Net Income Margin2.8%0.80*0.77*1.18*0.38*0.64*1.17*1.25*1.27*0.99*0.60*-0.07*-0.05*---------
Free Cashflow12.0%77.0069.0011994.0089.0069.0015012973.0010013945.00---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42019Q4
Assets1.0%6,1986,1356,3996,4076,5726,5526,7226,4336,3036,4406,4356,4306,3226,2296,909
    Cash Equivalents-3.9%88.0091.0010710611530111510110493.0097.0081.0076.0073.00167
  Goodwill0%32.0032.0032.0032.0032.0032.0032.0032.0032.0032.0032.0032.0032.0032.0032.00
Liabilities4.1%3,6523,5073,6114,1614,2604,1554,4514,0653,9604,4224,8464,7794,9204,8424,947
  Long Term Debt4.3%3,3493,2103,1283,6853,7393,6423,6923,3683,3563,7434,2364,2094,3134,2434,013
Shareholder's Equity-3.1%2,2792,3522,5072,1692,2352,3192,1922,2892,2641,9391,5091,5721,3221,3081,861
  Additional Paid-In Capital0.0%3,2853,2853,3553,4313,4333,4373,5833,6373,7623,7633,7743,7733,4313,4323,498
Shares Outstanding0.1%145145147149149149155156157154157157---
Float----5,400---6,400---7,400---
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42018Q4
Cashflow From Operations12.0%77.0069.0011994.0089.0069.0015012973.0010013945.0049.0011.0082.0010777.00--
Cashflow From Investing-163.2%-113-43.07-41.58-37.15-191397-32161.00513729-51.11-159-40.346.00-195-62.06-98.01--
Cashflow From Financing179.8%34.00-42.26-73.25-41.79-83.95-279186-193-574-833-71.41119-6.56-206-59.6423.00218--
  Dividend Payments-1.4%65.0066.0066.0067.0067.0067.0069.0070.0071.0069.0069.0067.0064.0012261.0061.0061.00--
  Buy Backs-47.2%25.0047.0078.00---47.00125--------10.00--
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AIRC Income Statement

2024-03-31
Condensed Consolidated Statements of Operation - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
REVENUES  
Total revenues$ 195,622$ 211,993
EXPENSES  
Property operating expenses59,54267,777
Property management expenses8,1977,676
Depreciation and amortization79,75495,666
General and administrative expenses10,3367,180
Other expenses, net11,2463,660
Operating expenses169,075181,959
Interest income2,0521,525
Interest expense(35,282)(36,187)
Loss on extinguishment of debt0(2,008)
Gain (loss) on derivative instruments, net9,574(2,138)
Loss from unconsolidated real estate partnerships(6,850)(1,035)
Loss before income tax expense(3,959)(9,809)
Income tax expense(319)(139)
Net loss(4,278)(9,948)
Noncontrolling interests:  
Net income attributable to noncontrolling interests in consolidated real estate partnerships(1,101)(685)
Net income attributable to preferred noncontrolling interests in AIR Operating Partnership(1,570)(1,570)
Net loss attributable to common noncontrolling interests in AIR Operating Partnership357826
Net income attributable to noncontrolling interests(2,314)(1,429)
Net loss attributable to AIR(6,592)(11,377)
Net income attributable to AIR preferred stockholders(44)(43)
Net loss (income) attributable to participating securities66(37)
Net loss attributable to AIR common stockholders$ (6,570)$ (11,457)
Net loss attributable to AIR common stockholders per share - basic (in dollars per share)$ (0.05)$ (0.08)
Net loss attributable to AIR common stockholders per share - diluted (in dollars per share)$ (0.05)$ (0.08)
Weighted average common shares/units outstanding - basic (in shares)144,550,000148,810,000
Weighted average common shares/units outstanding - diluted144,550,000148,810,000
Rental and other property revenues  
REVENUES  
Total revenues$ 192,382$ 209,923
Other revenues  
REVENUES  
Total revenues$ 3,240$ 2,070

AIRC Balance Sheet

2024-03-31
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS  
Buildings and improvements$ 6,428,478$ 6,324,857
Land1,297,4141,285,710
Total real estate7,725,8927,610,567
Accumulated depreciation(2,319,064)(2,245,589)
Net real estate5,406,8285,364,978
Cash and cash equivalents87,79591,401
Restricted cash26,94226,090
Investment in unconsolidated real estate partnerships324,876336,077
Goodwill32,28632,286
Other assets, net319,579283,920
Total assets6,198,3066,134,752
LIABILITIES AND EQUITY  
Non-recourse property debt, net2,217,1912,223,791
Term loans, net473,915473,701
Revolving credit facility borrowings260,000115,000
Unsecured notes payable, net397,943397,852
Total indebtedness3,349,0493,210,344
Accrued liabilities and other303,442296,894
Total liabilities3,652,4913,507,238
Commitments and Contingencies
Preferred noncontrolling interests in AIR Operating Partnership77,14077,140
Equity:  
Perpetual Preferred Stock2,0002,000
Common Stock, $0.01 par value, 1,021,175,000 shares authorized at March 31, 2024 and December 31, 2023, and 145,104,220 and 144,925,604 shares issued/outstanding at March 31, 2024 and December 31, 2023, respectively1,4511,449
Additional paid-in capital3,285,2573,284,716
Accumulated other comprehensive income20,47322,392
Distributions in excess of earnings(1,029,944)(958,661)
Total AIR equity2,279,2372,351,896
Noncontrolling interests in consolidated real estate partnerships(89,261)(85,973)
Common noncontrolling interests in AIR Operating Partnership278,699284,451
Total equity2,468,6752,550,374
Total liabilities, preferred noncontrolling interests in AIR Operating Partnership, and equity$ 6,198,306$ 6,134,752
AIRC
Apartment Income REIT Corp (NYSE: AIRC) is a publicly traded, self-administered real estate investment trust (“REIT”). AIR's portfolio comprises 73 communities totaling 25,739 apartment homes located in 10 states and the District of Columbia. AIR offers a simple, predictable business model with focus on what we call the AIR Edge, the cumulative result of our focus on resident selection, satisfaction, and retention, as well as relentless innovation in delivering best-in-class property management. The AIR Edge is a durable operating advantage in driving organic growth, as well as making possible the opportunity for excess returns for properties new to AIR's platform.
 CEO
 WEBSITEaircommunities.com
 INDUSTRYREIT Mortgage
 EMPLOYEES750

Apartment Income REIT Corp. Frequently Asked Questions


What is the ticker symbol for Apartment Income REIT Corp.? What does AIRC stand for in stocks?

AIRC is the stock ticker symbol of Apartment Income REIT Corp.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Apartment Income REIT Corp. (AIRC)?

As of Thu Jun 13 2024, market cap of Apartment Income REIT Corp. is 5.65 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of AIRC stock?

You can check AIRC's fair value in chart for subscribers.

What is the fair value of AIRC stock?

You can check AIRC's fair value in chart for subscribers. The fair value of Apartment Income REIT Corp. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Apartment Income REIT Corp. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for AIRC so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Apartment Income REIT Corp. a good stock to buy?

The fair value guage provides a quick view whether AIRC is over valued or under valued. Whether Apartment Income REIT Corp. is cheap or expensive depends on the assumptions which impact Apartment Income REIT Corp.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for AIRC.

What is Apartment Income REIT Corp.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu Jun 13 2024, AIRC's PE ratio (Price to Earnings) is 8.83 and Price to Sales (PS) ratio is 7.03. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. AIRC PE ratio will change depending on the future growth rate expectations of investors.