Apartment Income REIT Management

Management criteria checks 3/4

Apartment Income REIT's CEO is Terry Considine, appointed in Jan 1975, has a tenure of 49.33 years. total yearly compensation is $5.42M, comprised of 7.4% salary and 92.6% bonuses, including company stock and options. directly owns 0.013% of the company’s shares, worth $816.44K. The average tenure of the management team and the board of directors is 6 years and 4.1 years respectively.

Key information

Terry Considine

Chief executive officer

US$5.4m

Total compensation

CEO salary percentage	7.4%
CEO tenure	49.3yrs
CEO ownership	0.01%
Management average tenure	6yrs
Board average tenure	4.1yrs

Recent management updates

Recent updates

Apartment Income REIT: Coastal And Sunbelt Exposure With Industry Leading Forward Growth, Gross Margins

Jun 12

Apartment Income REIT  FFO of $0.59 misses by $0.01, revenue of $207.87M beats by $5.56M

Feb 09

Apartment Income REIT: A Higher Yielding Multifamily Operator

Jan 24

3 Intriguing Bargains In Apartment REITs

Nov 10

Apartment Income REIT declares $0.45 dividend

Nov 01

Apartment Income REIT: High Yield With Low Risk

Sep 23

Apartment Income REIT  FFO of $0.66 in-line, revenue of $183.5M in-line

Jul 29

Apartment Income REIT: 4% Dividend And Inflation Hedge

Jul 15

Apartment Income REIT: An Undervalued REIT With An Excellent CEO

May 26

Apartment Income REIT Still Makes A Decent Buy For Conservative Dividend Investors

Apr 22

CEO Compensation Analysis

How has Terry Considine's remuneration changed compared to Apartment Income REIT's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	US$634m
Sep 30 2023	n/a	n/a	US$980m
Jun 30 2023	n/a	n/a	US$318m
Mar 31 2023	n/a	n/a	US$516m
Dec 31 2022	US$5m	US$400k	US$904m
Sep 30 2022	n/a	n/a	US$947m
Jun 30 2022	n/a	n/a	US$955m
Mar 31 2022	n/a	n/a	US$740m
Dec 31 2021	US$3m	n/a	US$447m
Sep 30 2021	n/a	n/a	-US$52m
Jun 30 2021	n/a	n/a	-US$89m
Mar 31 2021	n/a	n/a	-US$35m
Dec 31 2020	US$7m	US$700k	-US$116m
Sep 30 2020	n/a	n/a	US$125m
Jun 30 2020	n/a	n/a	US$155m
Mar 31 2020	n/a	n/a	US$178m
Dec 31 2019	US$7m	US$700k	US$447m
Sep 30 2019	n/a	n/a	US$338m
Jun 30 2019	n/a	n/a	US$903m
Mar 31 2019	n/a	n/a	US$847m
Dec 31 2018	US$7m	US$700k	US$636m
Sep 30 2018	n/a	n/a	US$913m
Jun 30 2018	n/a	n/a	US$364m
Mar 31 2018	n/a	n/a	US$377m
Dec 31 2017	US$6m	US$700k	US$307m

Compensation vs Market: Terry's total compensation ($USD5.42M) is below average for companies of similar size in the US market ($USD8.39M).

Compensation vs Earnings: Terry's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Terry Considine (75 yo)

49.3yrs

Tenure

US$5,416,028

Compensation

Mr. Terry Considine, J.D., serves as Executive Director of Air Township At Highlands Reit and Air Avery Row Reit, Llc. Mr. Considine serves as Executive Director of Lakeridge-Island Club Apts Ptn and at Lo...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Terry Considine	Founder	49.3yrs	US$5.42m	0.013% $ 816.4k
Lisa Cohn	President	16.4yrs	US$2.37m	0.097% $ 5.9m
Paul Beldin	Executive VP & CFO	8.7yrs	US$1.17m	0.045% $ 2.8m
Keith Kimmel	President of Property Operations	13.3yrs	US$1.94m	0.051% $ 3.1m
Joshua Minix	Executive VP & Chief Investment Officer	less than a year	no data	0.0027% $ 164.7k
Molly Syke	VP & Chief Accounting Officer	less than a year	no data	no data
Matthew O'Grady	Executive Vice President of Capital Markets	3.3yrs	no data	no data
Patti Shwayder	Senior VP & Chief Corporate Responsibility Officer	3.2yrs	no data	no data

6.0yrs

Average Tenure

49yo

Average Age

Experienced Management: AIRC's management team is seasoned and experienced (6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Terry Considine	Founder	29.8yrs	US$5.42m	0.013% $ 816.4k
Thomas Keltner	Independent Chairman of the Board	17.1yrs	US$248.34k	0.041% $ 2.5m
Devin Murphy	Independent Director	4.1yrs	US$248.34k	0.0079% $ 477.8k
Thomas Bohjalian	Independent Director	2.4yrs	US$248.34k	0.014% $ 870.6k
John Rayis	Independent Director	4.1yrs	US$248.34k	0.0065% $ 394.5k
Nina Tran	Independent Director	8.2yrs	US$248.34k	0.014% $ 837.7k
Ann Sperling	Independent Director	6yrs	US$248.34k	0.0094% $ 569.0k
Kristin Finney-Cooke	Independent Director	2.4yrs	US$248.34k	no data
Margarita Palau-Hernandez	Independent Director	2.4yrs	US$248.34k	0.0054% $ 329.5k

4.1yrs

Average Tenure

66yo

Average Age

Experienced Board: AIRC's board of directors are considered experienced (4.1 years average tenure).

Apartment Income REIT Management

Management criteria checks 3/4

Key information

Recent management updates

Apartment Income REIT Corp., Annual General Meeting, Jun 14, 2024

Apartment Income REIT Corp. and AIR-GP, Inc. Announce Management Changes

Apartment Income REIT Corp., Annual General Meeting, Sep 15, 2023

President of Property Operations recently sold US$286k worth of stock

President of Property Operations notifies of intention to sell stock

High number of new directors

Recent updates

Blackstone Real Estate Partners X L.P., managed by Blackstone Real Estate Advisors L.P. entered into a definitive agreement to acquire Apartment Income REIT Corp. (NYSE:AIRC) for approximately $5.7 billion.

Blackstone Real Estate Partners X L.P., managed by Blackstone Real Estate Advisors L.P. entered into a definitive agreement to acquire Apartment Income REIT Corp. (NYSE:AIRC) for approximately $7.6 billion.

Blackstone's Acquisition Of Apartment Income REIT Is Likely Priced In

Investor sentiment improves as stock rises 21%

Blackstone Real Estate Partners X L.P., managed by Blackstone Real Estate Advisors L.P. entered into a definitive agreement to acquire Apartment Income REIT Corp. (NYSE:AIRC) for $6 billion.

Consensus EPS estimates increase by 12%

Apartment Income REIT Corp., Annual General Meeting, Jun 14, 2024

Consensus EPS estimates fall by 42%

Apartment Income REIT: Overlooked And Undervalued 5.7% Yielder

Full year 2023 earnings: EPS misses analyst expectations

Upcoming dividend of US$0.45 per share at 5.6% yield

Third quarter dividend of US$0.45 announced

Apartment Income REIT Corp. Declares Cash Dividend for the Quarter Ended December 31, 2023, Payable on February 27, 2024

Apartment Income REIT Corp. to Report Q4, 2023 Results on Feb 08, 2024

Apartment Income REIT: Outperforming, Strong Growth, 5%-Plus Yield

Consensus EPS estimates increase by 1,613%, revenue downgraded

Consensus EPS estimates increase by 2,110%, revenue downgraded

Upcoming dividend of US$0.45 per share at 6.1% yield

Apartment Income REIT Corp. Provides Earnings Guidance for the Full Year 2023

Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Apartment Income REIT Corp. Declares Quarterly Cash Dividend for the Quarter Ended September 30, 2023, Payable on November 30, 2023

Apartment Income REIT: Quality Business Model, Sluggish Valuation

Apartment Income REIT Corp. to Report Q3, 2023 Results on Nov 02, 2023

Consensus EPS estimates have been upgraded.

Apartment Income REIT Corp. (NYSE:AIRC) and an unknown buyer acquired The Elm in Bethesda from Columbia Equity Trust, Inc. for $250 million.

Apartment Income REIT: A Good Pick In An Attractive Sector

Apartment Income REIT: Cause For Pause

Upcoming dividend of US$0.45 per share at 5.2% yield

Apartment Income REIT Corp. and AIR-GP, Inc. Announce Management Changes

An unknown Developer acquired Two Properties With 62 Apartment Homes in New York from Apartment Income REIT Corp. (NYSE:AIRC) for $33.2 million

Apartment Income Reit Corp. Declares Quarterly Cash Dividend, Payable on August 29, 2023

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

An unknown buyer acquired Two Properties With 62 Apartment Homes from Apartment Income REIT Corp. (NYSE:AIRC) for $33.2 million.

Apartment Income REIT: Coastal And Sunbelt Exposure With Industry Leading Forward Growth, Gross Margins

Apartment Income REIT Corp., Annual General Meeting, Sep 15, 2023

Consensus EPS estimates upgraded to US$0.057 loss

Upcoming dividend of US$0.45 per share at 5.0% yield

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

President of Property Operations recently sold US$286k worth of stock

President of Property Operations notifies of intention to sell stock

Consensus EPS estimates increase by 34%

Consensus EPS estimates fall by 85%

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Apartment Income REIT&nbsp; FFO of $0.59 misses by $0.01, revenue of $207.87M beats by $5.56M

Upcoming dividend of US$0.45 per share at 4.6% yield

Apartment Income REIT Corp. Announces Cash Dividend for the Quarter Ended December 31, 2022, Payable on February 28, 2023

Apartment Income REIT: A Higher Yielding Multifamily Operator

Apartment Income REIT Corp. to Report Q4, 2022 Results on Feb 09, 2023

An unknown buyer acquired New England portfolio of six communities with 1,314 apartment units from Apartment Income REIT Corp. (NYSE:AIRC) for $500 million.

An Unknown buyer acquired New England portfolio of six communities with 1,314 apartment units from Apartment Income REIT Corp. (NYSE:AIRC) for $500 million.

High number of new directors

3 Intriguing Bargains In Apartment REITs

Upcoming dividend of US$0.45 per share

Apartment Income REIT Corp. (NYSE:AIRC) acquired The District at Flagler Village approximately $170 million.

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Apartment Income REIT Corp. Re-Affirms Earnings Guidance for the Full Year 2022

Apartment Income REIT Corp. Announces Common Dividend for the Quarter Ended September 30, 2022, Payable on November 30, 2022

Apartment Income REIT declares $0.45 dividend

Apartment Income REIT Corp., Annual General Meeting, Dec 07, 2022

Apartment Income REIT Corp. to Report Q3, 2022 Results on Nov 03, 2022

Apartment Income REIT: High Yield With Low Risk

Upcoming dividend of US$0.45 per share

Consensus forecasts updated

Consensus forecasts updated

Second quarter 2022 earnings: EPS exceeds analyst expectations

Apartment Income REIT Corp. Revises Earnings Guidance for the Year 2022

Apartment Income REIT&nbsp; FFO of $0.66 in-line, revenue of $183.5M in-line

Apartment Income REIT Corp. Announces Quarterly Common Dividend, Payable on August 30, 2022

Apartment Income REIT: 4% Dividend And Inflation Hedge

Apartment Income REIT FFO of $0.59 misses by $0.01, revenue of $207.87M beats by $5.56M

Apartment Income REIT FFO of $0.66 in-line, revenue of $183.5M in-line