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AIRC

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

30.82USD+0.50 (+1.65%)Market Closed
Watchlist

Market Summary

USD30.82+0.50
Market Closed
1.65%

AIRC Alerts

  • 1 major insider buys recently.
  • Big fall in earnings (Y/Y)
  • Losses in recent quarter

AIRC Stock Price

View Fullscreen

AIRC RSI Chart

AIRC Valuation

Market Cap

4.5B

Price/Earnings (Trailing)

7.03

Price/Sales (Trailing)

5.45

EV/EBITDA

6.49

Price/Free Cashflow

12.06

AIRC Price/Sales (Trailing)

AIRC Profitability

EBT Margin

127.88%

Return on Equity

39.12%

Return on Assets

15.33%

Free Cashflow Yield

8.29%

AIRC Fundamentals

AIRC Revenue

Revenue (TTM)

820.1M

Rev. Growth (Yr)

-5.58%

Rev. Growth (Qtr)

-0.53%

AIRC Earnings

Earnings (TTM)

635.1M

Earnings Growth (Yr)

-104.92%

Earnings Growth (Qtr)

-102.44%

Breaking Down AIRC Revenue

Last 7 days

1.0%

Last 30 days

-11.6%

Last 90 days

5.6%

Trailing 12 Months

-18.8%

How does AIRC drawdown profile look like?

AIRC Financial Health

Debt/Equity

1.25

Debt/Cashflow

0.12

AIRC Investor Care

Buy Backs (1Y)

2.80%

Diluted EPS (TTM)

4.26

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
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
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
keltner thomas l.
acquired
-
-
4,861
-
Jan 30, 2024
palau hernandez margarita
acquired
-
-
4,861
-
Jan 30, 2024
bohjalian thomas n
acquired
-
-
4,861
-
Jan 01, 2024
beldin paul
acquired
-
-
6,032
evp & cfo
Jan 01, 2024
cohn lisa r
acquired
-
-
13,511
president & general counsel
Jan 01, 2024
minix joshua
acquired
-
-
3,378
executive vice president
Jan 01, 2024
o'grady matthew
acquired
-
-
3,861
senior vice president
Jan 01, 2024
kimmel keith m
acquired
-
-
9,651
president of property operatio

1–10 of 50

Which funds bought or sold AIRC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Feb 28, 2024
AMERICAN INTERNATIONAL GROUP, INC.
reduced
-5.55
441,960
6,896,270
0.03%
Feb 26, 2024
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
reduced
-4.67
124,000
1,702,000
0.02%
Feb 20, 2024
Able Wealth Management LLC
new
-
19,543
19,543
0.02%
Feb 20, 2024
Pacific Center for Financial Services
unchanged
-
996
8,579
-%
Feb 16, 2024
GSA CAPITAL PARTNERS LLP
new
-
590,000
590,000
0.05%
Feb 16, 2024
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO
added
6.49
1,797,570
10,581,600
0.04%
Feb 16, 2024
HARBOUR INVESTMENTS, INC.
added
68.06
1,992
4,202
-%
Feb 16, 2024
PRICE T ROWE ASSOCIATES INC /MD/
reduced
-12.31
-22,000
2,711,000
-%
Feb 15, 2024
Legal & General Group Plc
added
4.91
7,142,520
45,366,400
0.01%
Feb 15, 2024
PARK CIRCLE Co
unchanged
-
65,093
560,959
0.50%

1–10 of 49

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
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
Feb 10, 2023
state street corp
5.56%
8,412,456
SC 13G

Recent SEC filings of Apartment Income REIT Corp.

View All Filings
Date Filed Form Type Document
Feb 28, 2024
8-K
Current Report
Feb 27, 2024
4
Insider Trading
Feb 16, 2024
10-K
Annual Report
Feb 16, 2024
4
Insider Trading
Feb 14, 2024
8-K
Current Report
Feb 14, 2024
SC 13G/A
Major Ownership Report
Feb 13, 2024
SC 13G/A
Major Ownership Report
Feb 13, 2024
SC 13G/A
Major Ownership Report
Feb 13, 2024
SC 13G/A
Major Ownership Report
Feb 08, 2024
8-K
Current Report

Peers (Alternatives to Apartment Income REIT Corp.)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
94.1B
11.1B
-10.65% -13.65%
147.62
8.44
4.04% -77.77%
48.2B
7.0B
-3.98% -22.59%
31.07
6.91
-0.07% -3.84%
25.3B
2.8B
-2.97% -1.75%
27.24
9.14
6.73% -18.26%
21.4B
2.9B
-5.52% -28.01%
206.17
7.4
11.46% -80.13%
13.3B
1.6B
-3.69% 2.47%
29.9
8.2
8.93% 66.32%
10.4B
3.3B
-3.72% -7.14%
54.66
3.18
5.31% -77.32%
MID-CAP
11.4B
1.3B
-5.09% -7.40%
31.26
8.62
8.04% -24.50%
8.3B
1.1B
-2.41% -8.68%
34.98
7.32
5.38% -38.52%
3.6B
884.1M
9.75% 30.95%
-13
4.03
2.90% -314.82%
3.1B
899.4M
3.37% 28.11%
-5.56
3.49
37.21% -623.11%
SMALL-CAP
1.3B
419.4M
-7.04% -16.43%
20.65
3.13
-0.77% 17.90%
1.1B
605.6M
-5.97% -2.34%
14.3
1.89
25.53% 134.62%
1.1B
187.0M
-2.17% -
-5.28
5.91
-45.80% -170.63%
649.6M
258.7M
-10.18% -35.90%
-13.35
2.51
0.11% 83.70%
437.6M
277.9M
-5.13% -36.77%
-27.59
1.57
42.88% 96.06%

Apartment Income REIT Corp. News

Latest updates
AmericanBankingNEWS14 hours ago
Investing.com Australia28 Feb 202410:28 pm

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/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue-0.5%196197215212208201184181194192178176174178182186192192190196-
Operating Expenses-0.4%158159170184169174145158173165148147257170155156-----
  S&GA Expenses17.0%7.006.006.007.005.008.005.007.003.006.005.004.0024.008.008.007.00-----
EBITDA Margin-100.0%-1.87*1.04*1.31*1.86*1.92*1.94*1.65*1.25*0.67*0.64*0.75*0.62*--------
Interest Expenses44.3%33.0023.0038.0036.0036.0033.0026.0022.0029.0031.0034.0036.0021.0045.0044.0037.00-----
Income Taxes-175.8%-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 Taxes-102.1%-15.367152.00-9.813573.0021340139310.00-21.7292.00-35.05-26.9739.004.00-----
EBT Margin-100.0%-1.28*0.42*0.70*1.26*1.33*1.35*1.05*0.64*0.06*0.01*0.10*-0.03*--------
Net Income-102.4%-16.21664-1.34-11.383302.001973763739.00-17.9583.00-12525.0039.007.001332.0059.00272-
Net Income Margin-100.0%-1.18*0.38*0.64*1.17*1.25*1.27*0.99*0.60*-0.07*-0.05*0.03*-0.08*--------
Free Cashflow-100.0%-11994.0089.0069.0015012973.0010013945.0049.0011.00--------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q4
Assets-4.1%6,1356,3996,4076,5726,5526,7226,4336,3036,4406,4356,4306,3226,2296,3996,5696,7396,909
    Cash Equivalents10.2%11710710690.0096.0011510110493.0097.0081.0076.0073.00259433365167
  Goodwill0.0%32.0032.0032.0032.0032.0032.0032.0032.0032.0032.0032.0032.0032.00---32.00
Liabilities-2.9%3,5073,6114,1614,2604,1554,4514,0653,9604,4224,8464,7794,9204,8424,8684,8944,9204,947
  Long Term Debt2.6%3,2103,1283,6853,7393,6423,6923,3683,3563,7434,2364,2094,3134,243---4,013
Shareholder's Equity1.7%2,5502,5072,1692,2352,1562,1922,2892,2641,9391,5091,5721,3221,3082,1371,7741,7961,861
  Additional Paid-In Capital-2.1%3,2853,3553,4313,4333,4373,5833,6373,7623,7633,7743,7733,4313,432---3,498
Shares Outstanding-1.4%145147149149149155156157157157157149-----
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations-42.4%69.0011994.0089.0069.0015012973.0010013945.0049.0011.0082.0010777.00-----
Cashflow From Investing-3.6%-43.07-41.58-37.15-191397-32161.00513729-51.11-159-40.346.00-195-62.06-98.01-----
Cashflow From Financing42.3%-42.26-73.25-41.79-83.95-279186-193-574-833-71.41119-6.56-206-59.6423.00218-----
  Dividend Payments0.0%66.0066.0067.0067.0067.0069.0070.0071.0069.0069.0067.0064.0012261.0061.0061.00-----
  Buy Backs-8.5%71.0078.00---47.00125--------10.00-----

AIRC Income Statement

2023-12-31
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
REVENUES   
Total revenues$ 820,036$ 773,723$ 740,853
EXPENSES   
Property operating expenses244,095231,791235,832
Property management expenses31,73729,47332,269
Depreciation and amortization342,593350,945319,742
General and administrative expenses25,49424,93918,585
Other expenses, net25,8899,07327,220
Total operating expenses669,808646,221633,648
Interest income8,31450,26458,651
Interest expense(129,654)(116,459)(129,467)
Loss on extinguishment of debt2,00823,636156,707
Gain on dispositions of real estate, impairments of real estate, and derecognition of leased properties677,740939,806594,861
Gain on derivative instruments, net16,74200
Loss from unconsolidated real estate partnerships(29,648)(3,504)(565)
Income before income tax expense691,714973,973473,978
Income tax expense (benefit)(2,427)(3,923)5,246
Net income689,287970,050479,224
Noncontrolling interests:   
Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships(5,185)(458)3,243
Net income attributable to preferred noncontrolling interests in AIR Operating Partnership(6,280)(6,388)(6,413)
Net income attributable to common noncontrolling interests in AIR Operating Partnership(42,721)(58,772)(28,433)
Net income attributable to noncontrolling interests(54,186)(65,618)(31,603)
Net income attributable to AIR635,101904,432447,621
Net income attributable to AIR preferred stockholders(172)(172)(181)
Net income attributable to participating securities(485)(618)(316)
Net income attributable to AIR common stockholders$ 634,444$ 903,642$ 447,124
Net income attributable to AIR common stockholders per share - basic (in dollars per share)$ 4.29$ 5.86$ 2.90
Net income attributable to AIR common stockholders per share - diluted (in dollars per share)$ 4.27$ 5.81$ 2.89
Weighted average common shares/units outstanding - basic (in shares)147,899154,093154,135
Weighted average common shares/units outstanding - diluted (in shares)150,220156,587154,503
Rental and other property revenues   
REVENUES   
Total revenues$ 809,875$ 764,192$ 733,483
Other revenues   
REVENUES   
Total revenues$ 10,161$ 9,531$ 7,370

AIRC Balance Sheet

2023-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS  
Buildings and improvements$ 6,324,857$ 6,784,965
Land1,285,7101,291,429
Total real estate7,610,5678,076,394
Accumulated depreciation(2,245,589)(2,449,883)
Net real estate5,364,9785,626,511
Cash and cash equivalents91,40195,797
Restricted cash26,090205,608
Investment in unconsolidated real estate partnerships336,07741,860
Goodwill32,28632,286
Other assets, net283,920549,821
Total assets6,134,7526,551,883
LIABILITIES AND EQUITY  
Non-recourse property debt, net2,223,7911,985,430
Term loans, net473,701796,713
Revolving credit facility borrowings115,000462,000
Unsecured notes payable, net397,852397,486
Total indebtedness3,210,3443,641,629
Accrued liabilities and other296,894513,805
Total liabilities3,507,2384,155,434
Commitments and contingencies
Redeemable preferred units77,14077,143
Equity:  
Perpetual Preferred Stock2,0002,000
Common Stock, $0.01 par value, 1,021,175,000 shares authorized at December 31, 2023 and December 31, 2022, and 144,925,604 and 149,086,548 shares issued/outstanding at December 31, 2023 and December 31, 2022, respectively1,4491,491
Additional paid-in capital3,284,7163,436,635
Accumulated other comprehensive income22,39243,562
Distributions in excess of earnings(958,661)(1,327,271)
Total AIR equity2,351,8962,156,417
Noncontrolling interests in consolidated real estate partnerships(85,973)(78,785)
Common noncontrolling interests in AIR Operating Partnership284,451241,674
Total equity2,550,3742,319,306
Total liabilities, preferred noncontrolling interests in AIR Operating Partnership, and equity$ 6,134,752$ 6,551,883
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
 WEBSITEwww.aircommunities.com
 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 Fri Mar 01 2024, market cap of Apartment Income REIT Corp. is 4.47 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 Fri Mar 01 2024, AIRC's PE ratio (Price to Earnings) is 7.03 and Price to Sales (PS) ratio is 5.45. 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.