Apartment Income REIT Corp. | REIT Profile

Symbol: AIRC
CIK: 1820877
Exchange: NYSE
HQ: Denver, CO, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Residential

See AIRC on Google Finance
See AIRC on Yahoo Finance
See AIRC on SEC.gov

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REITMovers


REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 3 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Close Previous Close Volume Change $ Change % Market Cap PE Ratio 52W High 52W Low Ytd Change
$41.53 $42.38 $40.95 $41.24 $41.56 $41.56 287,823 -$0.03 -0.07% $6,524,240,570 8.78 $55.82 $39.06 -23.40%

Last update: 2022-06-30 12:57:00 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 3.6

Hightlights of Trading Day June 30, 2022


Open Price: $41.24
Closing Price: $41.6
Price Change: 0.04 (0.096%)
Lowest Price: $40.95
Highest Price: $42.38
52-Week Low: $39.06
52-Week High: $55.82
52-Week Change: -10.09%
5 Day Price Change: 1.89%
1 Month Price Change: -8.74%
3 Month Price Change: -24.45%
6 Month Price Change: -23.56%
YTD Price Change: -23.32%
1 Year Price Change: -10.90%
2 Year Price Change: 14.69%
5 Year Price Change: 14.69%

Dividend of Trading Day June 30, 2022


Dividend Yield: 4.327%*
Annualized Dividend: $1.8*
Dividend Yield (TTM): 3.173%
Annualized Dividend (TTM): $1.3189
Ex-Dividend Date: 2022-05-19
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


See more news headlines for Apartment Income REIT Corp.

Funds From Operations (FFO)



FFO Amount and Payout Ratio

Below are the FFO amounts, dividends, and payout ratios for the last two quarters for AIRC.

Year Quarter Type Amount Dividend Paid Payout Ratio
2022 Q1 Pro forma FFO $--- $--- ---%
2022 Q1 FFO $--- $--- ---%
2021 Q4 FFO $--- $--- ---%
2021 Q4 Pro forma FFO $--- $--- ---%

REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.


Funds From Operations (FFO)

Key Stats of Trading Day June 30, 2022


Total Cash: $77,867,000
Current Debt: $603,308,000
Revenue: $745,918,000
Gross Profit: $745,918,000
Total Revenue: $745,918,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $938,318,000
Revenue Per Share: $5
Revenue Per Employee: $785,177
Employee: 2,020
Debt to Equity Ratio (D/E): 2.98
Profit Margin: 0.99%
Enterprise Value (EV): $9,807,017,481
Enterprise Value to Revenue (EV/R): 13.15
Price to Sales (P/S): 8.75
Price to Book (P/B): 3.09
Price/Earnings-to-Growth (PEG) Ratio: N/A
P/E Ratio: 8.79
P/E High: -41.75
P/E Low: -44.66
Forward P/E Ratio: N/A
Market Capitalization: $6,535,237,363
Beta: N/A
Latest Volume: 472,959
Avg. Total Volume: 939,617
Avg. 10-Day Volume: 962,267
Avg. 30-Day Volume: 939,617
TTM EPS: 4.73
Shares Outstanding: 157,097,052
Float: N/A
50-Day Moving Avg.: $42.62
200-Day Moving Avg.: $49.92

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $50.06 per share you would have been able to buy 19 shares of AIRC on 2021-07-01 costing $951.14 @ $50.06 per share you would have been able to buy 9 shares of AIRC on 2021-07-01 costing $450.54 @ $50.06 per share you would have been able to buy 4 shares of AIRC on 2021-07-01 costing $200.24 @ $50.06 per share you would have been able to buy 1 shares of AIRC on 2021-07-01 costing $50.06 @ $50.06 per share you would have been able to buy 0 shares of AIRC on 2021-07-01 costing $0.00
Current worth On 2022-06-30 these 19 shares would be worth $790.40 @ $41.60 On 2022-06-30 these 9 shares would be worth $374.40 @ $41.60 On 2022-06-30 these 4 shares would be worth $166.40 @ $41.60 On 2022-06-30 these 1 shares would be worth $41.60 @ $41.60 On 2022-06-30 these 0 shares would be worth $0.00 @ $41.60
Dividends earned $33.82 in dividends would have been earned since 2021-07-01 with 19 shares. $16 in dividends would have been earned since 2021-07-01 with 9 shares. $7.12 in dividends would have been earned since 2021-07-01 with 4 shares. $1.78 in dividends would have been earned since 2021-07-01 with 1 shares. $0.00 in dividends would have been earned since 2021-07-01 with 9 shares.
Net (gain / loss)* -126.92 USD -60.12 USD -26.72 USD -6.68 USD 0.00 USD
ROI** -13.34% -13.34% -13.34% -13.34% nan%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by AIRC. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
AIRC 2022-05-19 0.450 --- 2022-04-27 2022-05-20 2022-05-31
AIRC 2022-02-16 0.450 2.27% 2022-02-09 2022-02-17 2022-02-25
AIRC 2021-11-10 0.440 --- 2021-10-27 2021-11-12 2021-11-30
AIRC 2021-08-12 0.440 2.33% 2021-07-29 2021-08-13 2021-08-27
AIRC 2021-05-13 0.430 --- 2021-04-28 2021-05-14 2021-05-28

Earnings Press Releases


Below are the Earnings Press Releases for AIRC. To see the complete Earnings Report please visit the sec.gov.

Year Quarter Title
2021 Q4 AIR REPORTS FOURTH QUARTER 2021 RESULTS; FULL YEAR RESULTS 8% AHEAD OF INITIAL EXPECTATIONS; LEVERAGE REDUCED TO 5.3X; ESTABLISHES 2022 FFO GUIDANCE, AT THE MIDPOINT, OF $2.40 PER SHARE.

Financial Statements Overview


The next Earnings Report for AIRC is 2022-07-28

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2022-03-31 2021-12-31 2021-09-30 2021-06-30
Current Cash 77,867,000 67,320,000 73,687,000 59,401,000
Receivables 534,127,000 534,127,000 534,127,000 534,127,000
Inventory 0 0 0 0
Current Assets 1,118,561,000 964,688,000 631,254,000 614,828,000
Current Assets (Other) 466,203,000 0 0 0
Short Term Investments 466,203,000 337,800,000 0 0
Long-term Investments 5,184,295,000 5,475,672,000 5,803,255,000 5,815,004,000
Property, Plant & Equipment Net 4,550,811,000 4,600,288,000 5,182,301,000 5,227,529,000
Goodwill 32,286,000 32,286,000 32,286,000 32,286,000
Intangible Assets 0 0 0 0
Other Assets 601,198,000 696,606,000 588,668,000 555,189,000
Net Tangible Assets 2,082,882,000 1,778,610,000 1,485,658,000 1,544,613,000
Total Assets 6,302,856,000 6,440,360,000 6,434,509,000 6,429,832,000
Accounts Payable 0 0 0 0
Liabilities (Other) 0 0 0 0
Current Liabilities (Other) 603,308,000 592,774,000 610,217,000 570,040,000
Total Current Liabilities 603,308,000 592,774,000 610,217,000 570,040,000
Current Long-term Debt 0 0 0 0
Long-term Debt 3,355,931,000 3,743,286,000 4,235,980,000 4,208,661,000
Total Liabilities 4,185,688,000 4,627,335,000 4,914,565,000 4,850,933,000
Minority Interest 226,024,000 205,500,000 68,368,000 72,232,000
Common Stock 156,736,000 156,675,000 156,646,000 154,608,000
Retained Earnings -1,648,077,000 -1,953,779,000 -2,257,562,000 -2,197,843,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 2,117,168,000 1,813,025,000 1,519,944,000 1,578,899,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2022-03-31 2021-12-31 2021-09-30 2021-06-30
Total Revenue 181,478,000 194,330,000 191,777,000 178,333,000
Cost of Revenue 0 0 0 0
Gross Profit 181,478,000 194,330,000 191,777,000 178,333,000
Research and Development 0 0 0 0
Selling General and Admin 6,597,000 3,075,000 5,875,000 5,221,000
Operating Expense 160,414,000 174,004,000 164,737,000 148,285,000
Operating Income 21,064,000 20,326,000 27,040,000 30,048,000
Income Expense Net (Other) 0 500,349,000 7,127,000 3,353,000
EBIT 21,064,000 520,675,000 34,167,000 33,401,000
Interest Income 8,626,000 -29,141,000 23,771,000 55,123,000
Pretax Income 400,805,000 393,109,000 10,396,000 -21,722,000
Income Tax -579,000 -6,016,000 -275,000 -2,035,000
Minority Interest 25,206,000 26,244,000 1,293,000 -1,739,000
Net Income 375,881,000 372,669,000 9,289,000 -18,030,000
Net Income Basic 375,881,000 372,669,000 9,289,000 -18,030,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2022-03-31 2021-12-31 2021-09-30 2021-06-30
Net Income 375,881,000 372,669,000 9,289,000 -18,030,000
Depreciation 84,549,000 87,550,000 81,121,000 75,791,000
Changes in Receivables 534,127,000 534,127,000 534,127,000 534,127,000
Changes in Inventories 0 0 0 0
Cash Change 77,867,000 67,320,000 73,687,000 59,401,000
Cash Flow 72,707,000 100,215,000 138,944,000 44,627,000
Capital Expenditures -37,302,000 -177,236,000 -54,814,000 -41,903,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows 513,259,000 728,873,000 -51,108,000 -159,141,000
Dividends Paid 0 0 0 0
Net Borrowings 2,811,861,000 3,338,166,000 4,162,293,000 4,149,260,000
Cash Flow Financing -574,816,000 -833,454,000 -71,410,000 119,469,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
1 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.7
Rating AFFO & Efficiency Section Avg. Rating
7 Pro forma FFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
Rating Leverage Section Avg. Rating
Rating Asset & Revenue Section Avg. Rating
Rating Properties Section Avg. Rating
Rating Market Cap Section Avg. Rating
2 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 3.8
3.6 Overall REITRating™ Score (See trend) 6.1

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2022-07-01 - v3.4