This company has been acquired
AIRC Stock Overview
Apartment Income REIT Corp (NYSE: AIRC) is a publicly traded, self-administered real estate investment trust (“REIT”). More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 1/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
My Notes
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Apartment Income REIT Corp. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$39.08 |
| 52 Week High | US$39.10 |
| 52 Week Low | US$28.22 |
| Beta | 0.77 |
| 1 Month Change | 0.96% |
| 3 Month Change | 20.36% |
| 1 Year Change | 8.28% |
| 3 Year Change | -19.64% |
| 5 Year Change | n/a |
| Change since IPO | 2.98% |
Recent News & Updates
Recent updates
Blackstone's Acquisition Of Apartment Income REIT Is Likely Priced In
Apr 09Apartment Income REIT: Overlooked And Undervalued 5.7% Yielder
Feb 12Apartment Income REIT: Outperforming, Strong Growth, 5%-Plus Yield
Dec 24Apartment Income REIT: Quality Business Model, Sluggish Valuation
Oct 23Apartment Income REIT: A Good Pick In An Attractive Sector
Sep 01Apartment Income REIT: Cause For Pause
Aug 24Apartment Income REIT: Coastal And Sunbelt Exposure With Industry Leading Forward Growth, Gross Margins
Jun 12Apartment Income REIT FFO of $0.59 misses by $0.01, revenue of $207.87M beats by $5.56M
Feb 09Apartment Income REIT: A Higher Yielding Multifamily Operator
Jan 243 Intriguing Bargains In Apartment REITs
Nov 10Apartment Income REIT declares $0.45 dividend
Nov 01Apartment Income REIT: High Yield With Low Risk
Sep 23Apartment Income REIT FFO of $0.66 in-line, revenue of $183.5M in-line
Jul 29Apartment Income REIT: 4% Dividend And Inflation Hedge
Jul 15Apartment Income REIT: An Undervalued REIT With An Excellent CEO
May 26Apartment Income REIT Still Makes A Decent Buy For Conservative Dividend Investors
Apr 22Shareholder Returns
| AIRC | US Residential REITs | US Market | |
|---|---|---|---|
| 7D | 0.2% | 3.1% | 2.8% |
| 1Y | 8.3% | 8.0% | 24.6% |
Return vs Industry: AIRC exceeded the US Residential REITs industry which returned 2.3% over the past year.
Return vs Market: AIRC underperformed the US Market which returned 22.5% over the past year.
Price Volatility
| AIRC volatility | |
|---|---|
| AIRC Average Weekly Movement | 6.4% |
| Residential REITs Industry Average Movement | 3.0% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 17.4% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: AIRC has not had significant price volatility in the past 3 months.
Volatility Over Time: AIRC's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1975 | 760 | Terry Considine | www.aircommunities.com |
Apartment Income REIT Corp (NYSE: AIRC) is a publicly traded, self-administered real estate investment trust (“REIT”). AIR’s portfolio comprises 76 communities totaling 27,010 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.
Apartment Income REIT Corp. Fundamentals Summary
| AIRC fundamental statistics | |
|---|---|
| Market cap | US$6.18b |
| Earnings (TTM) | US$639.33m |
| Revenue (TTM) | US$768.20m |
8.9x
P/E Ratio7.4x
P/S RatioIs AIRC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| AIRC income statement (TTM) | |
|---|---|
| Revenue | US$768.20m |
| Cost of Revenue | US$268.12m |
| Gross Profit | US$500.08m |
| Other Expenses | -US$139.25m |
| Earnings | US$639.33m |
Last Reported Earnings
Mar 31, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 4.41 |
| Gross Margin | 65.10% |
| Net Profit Margin | 83.22% |
| Debt/Equity Ratio | 131.6% |
How did AIRC perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/06/28 17:23 |
| End of Day Share Price | 2024/06/28 00:00 |
| Earnings | 2024/03/31 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Apartment Income REIT Corp. is covered by 32 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | Argus Research Company |
| Andrew Babin | Baird |
| Ross Smotrich | Barclays |