AIRC - Earnings announcements

Apartment Income REIT Corp. (NYSE:AIRC) ("AIR" or the "Company") has announced that the date of its 2024 annual meeting of shareholders will be June 14, 2024. "The Board continues to have a proactive and thoughtful process to assess Board composition and leadership and seek continuous improvements to AIR's governance," commented Ann Sperling, Chairman of AIR's Governance and Corporate Responsibility Committee. She continued, "We heard from shareholders that they prefer an annual meeting on a more typical spring cycle, and so we have moved our meeting from September to June to be responsive to that feedback." As announced last year and discussed with many shareholders, the Board has been

Apartment Income REIT Corp. ("AIR") (NYSE:AIRC) announced today results for the fourth quarter and full year 2023. Terry Considine, Chief Executive Officer, comments: "AIR's operating performance in 2023 was excellent… the highest in our peer group. We improved our portfolio with co-investment from two of the most respected global property investors. In 2024, we will continue to focus on driving predictable growth in recurring free cash flow… attracting high quality residents, and retaining them with great service from productive and caring teammates. As ever, we expect to improve… in operations, portfolio quality, operating scale, operating margins and quality of earnings, all with a saf

Apartment Income REIT Corp. ("AIR") (NYSE:AIRC) will release Fourth Quarter and Year-End 2023 earnings on Thursday, February 8, 2024, after the market closes. A live conference call to discuss these results will be conducted on Friday, February 9, 2024, at 1:00 p.m. Eastern time. Live Conference Call Domestic Toll-Free Number: +1 888-259-6580 Domestic / International Toll Number: +1 416-764-8624 Conference ID: 85506070 Webcast: investors.aircommunities.com Conference Call Replay Domestic Toll-Free Number: +1 877-674-7070 Domestic / International Toll Number: +1 416-764-8692 Passcode: 506070 # The conference call replay will be available until Thursday, May 9, 2024. Webcast Repla

Apartment Income REIT Corp. ("AIR") (NYSE:AIRC) announced today results for the third quarter of 2023. AIR Pro forma FFO up 10.3%… beating guidance by $0.01 due to: Same Store Revenue up 6.8% Same Store NOI growth of 6.3% Class of 2022 NOI Growth up 20.1% Run-Rate FFO up 7.3% AIR Makes Accretive Investments: Paired trades: $644 million of capital generated from: $623 million in joint venture funding of 11 properties $21 million in a property sale Used capital to fund: $155 million to purchase two properties $250 million to fund an additional Core JV property, AIR share of which is 53% $78 million to repurchase AIR shares $161 million to repay d

Apartment Income REIT Corp. ("AIR") (NYSE:AIRC) will release Third Quarter earnings on Thursday, November 2, 2023, after the market closes. A live conference call to discuss these results will be conducted on Friday, November 3, 2023, at 1:00 p.m. Eastern time. Live Conference Call Domestic Toll-Free Number: +1 888-259-6580 Domestic / International Toll Number: +1 416-764-8624 Conference ID: 32498060 Webcast: investors.aircommunities.com Conference Call Replay Domestic Toll-Free Number: +1 877-674-7070 Domestic / International Toll Number: +1 416-764-8692 Passcode: 498060 # The conference call replay will be available until Friday, February 2, 2024. Webcast Replay: investors.air

Apartment Income REIT Corp. ("AIR" or the "Company") (NYSE:AIRC) announced today results for the second quarter of 2023. During the second quarter, the Company: Delivered Pro forma FFO per share of $0.58, reflecting 13.7% year-over-year growth (adjusting for prior contribution of the Aimco note prepayment) and beating the midpoint of guidance by $0.01 per share; Delivered Same Store NOI growth of 10.6%; Formed two joint ventures to recapitalize 11 properties valued at $1.2 billion, with nine of 11 properties now closed and the remaining two expected to close by year-end; Used proceeds from the joint ventures to reduce Net Leverage to Adjusted EBITDAre to 5.9x on a pro forma ba

Apartment Income REIT Corp. ("AIR") (NYSE:AIRC) will release Second Quarter earnings on Thursday, July 27, 2023, after the market closes. A live conference call to discuss these results will be conducted on Friday, July 28, 2023, at 2:00 p.m. Eastern time. Live Conference Call Domestic Toll-Free Number: +1 833-886-7786 International Toll-Free Number: + 080-0652-2435 Domestic / International Toll Number: +1 416-764-8658 Access code: 11736488 Webcast: investors.aircommunities.com Conference Call Replay Domestic Toll-Free Number: +1 877-674-7070 Domestic / International Toll Number: +1 416-764-8658 Passcode: 736488 The conference call replay will be available until Thursday, October 26,

Apartment Income REIT Corp. (NYSE:AIRC) ("AIR" or the "Company") has announced that the date of its 2023 annual meeting of stockholders will be September 15, 2023 (the "2023 Annual Meeting"). AIR has also expanded on its commitment to corporate governance excellence, announcing that as part of its regular annual governance review, AIR's Board of Directors has approved, subject to the requisite approval of stockholders at the 2023 Annual Meeting, amending AIR's Articles of Incorporation ("Charter") and Bylaws to: Expand Stockholder Rights to Remove Directors: Amend AIR's Charter and Bylaws to lower the threshold for stockholders to remove directors to a simple majority of shares outstan

Rental Rates Up 8.6% Revenue Up 10.1% Controllable Operating Expenses Down 0.2% Year-Over-Year NOI Up 12.7% Apartment Income REIT Corp. ("AIR") (NYSE:AIRC) announced today results for first quarter 2023. Terry Considine, Chief Executive Officer, comments: "AIR's first quarter results were on plan. "In our Same Store portfolio, revenue was up 10.1%; expenses were up 3.3%; and Net Operating Income was up 12.7%. Profitability leads all peers: margin widened to 73.9%; conversion of revenue to Free Cash Flow improved to 66.2%; and controllable operating expenses were down 20-basis points. Rental rate increases in Signed New Leases, a key forward indicator, remain strong. "In o

Apartment Income REIT Corp. ("AIR") (NYSE:AIRC) will release First Quarter earnings on Monday, May 1, 2023, after the market closes. A live conference call to discuss these results will be conducted on Tuesday, May 2, 2023, at 1:00 p.m. Eastern time. Live Conference Call Domestic Dial-In Number: +1 833-470-1428 / +1 404-975-4839 International Dial-In Number: Global Dial-In Numbers Access code: 749836 Webcast: investors.aircommunities.com Conference Call Replay Domestic Dial-In Number: +1 866-813-9403 / +1 929-458-6194 International Dial-In Number: +44 204 525 0658 Passcode: 495809 The conference call replay will be available until July 31, 2023. Webcast Replay: investors.aircommuniti

Fourth Quarter Blended Signed Lease Rate Growth of 10.2%; Initiating 2023 Same Store NOI Growth Guidance Range of 7.3% - 10.3% Apartment Income REIT Corp. ("AIR") (NYSE:AIRC) announced today fourth quarter and full year results for 2022. Terry Considine, Chief Executive Officer, comments: "2022 was a terrific year! Average rents in our portfolio reached a new high. Same Store NOI growth of 14% surpassed our expectations. NOI in our newly acquired properties grew even faster. We had the highest operating margins in the sector. We were the most efficient in converting rent to Free Cash Flow." "Acquisitions have greatly improved our portfolio. Paired trades improved both portfolio quality a

Apartment Income REIT Corp. ("AIR") (NYSE:AIRC) will release Fourth Quarter and Year-End 2022 earnings on Thursday, February 9, 2023, after the market closes. A live conference call to discuss these results will be conducted on Friday, February 10, 2023, at 1:00 p.m. Eastern time. Live Conference Call Domestic Dial-In Number: +1-844-200-6205 International Dial-In Number: +1-929-526-1599 Access code: 529242 Webcast: investors.aircommunities.com Conference Call Replay Domestic Dial-In Number: +1-866-813-9403 International Dial-In Number: +44-204-525-0658 Passcode: 438470 The conference call replay will be available until May 11, 2023. Webcast Replay: investors.aircommunities.com About

Announces $460 Million of Accretive Investments: Southgate Towers ($298M) and Share Repurchases ($162M) Apartment Income REIT Corp. ("AIR") (NYSE:AIRC) announced today third quarter results for 2022. Chief Executive Officer Terry Considine comments: "Business is good! In 3Q: Keith and his Ops team are on track to deliver peer leading margins and record NOI growth in our Same Store portfolio. NOI in our 2021 Acquisition portfolio is growing even faster. John and his investment team continue to make accretive acquisitions that improve the quality and profitability of our real estate portfolio. During the quarter, we committed to purchase Southgate Towers in Miami Beach for $298 million,

Apartment Income REIT Corp. ("AIR") (NYSE:AIRC) will release Third Quarter 2022 earnings on Thursday, November 3, 2022, after the market closes. The Third Quarter 2022 earnings conference call will be conducted on Friday, November 4, 2022, at 1:00 p.m. Eastern time. Live Conference Call Domestic Dial-In Number: +1-844-200-6205 International Dial-In Number: +1-929-526-1599 Access code: 342431 Webcast: investors.aircommunities.com Conference Call Replay Domestic Dial-In Number: +1-866-813-9403 International Dial-In Number: +44-204-525-0658 Passcode: 726049 The conference call replay will be available until February 2, 2023. Webcast Replay: investors.aircommunities.com About AIR Apartm

Apartment Income REIT Corp. ("AIR") (NYSE:AIRC) was formed to provide investors the most efficient and effective way to allocate capital to multi-family real estate. In only 18 months, or one-half the expected time, the establishment of AIR is complete. The balance sheet has been transformed with leverage reduced by $850 million, or 23%. The relationship with Apartment Investment & Management Company ("Aimco"), approximately 14% of AIR's net asset value ("NAV") at year-end 2020, is now approximately 34 basis points. What AIR was designed to be is now visible through its: Market-leading operating platform. The AIR Edge reflects the cumulative results of our focus on resident selection, sa

Apartment Income REIT Corp. ("AIR") (NYSE:AIRC) will release Second Quarter 2022 earnings on Thursday, July 28, 2022, after the market closes. The Second Quarter 2022 earnings conference call will be conducted on Friday, July 29, 2022, at 1:00 p.m. Eastern time. Live Conference Call Domestic Dial-In Number: 1-844-200-6205 International Dial-In Number: +1-929-526-1599 Access code: 725302 Webcast: investors.aircommunities.com Conference Call Replay Domestic Dial-In Number: 1-866-813-9403 International Dial-In Number: +44-204-525-0658 Passcode: 519599 The conference call replay will be available until October 28, 2022. Webcast Replay: investors.aircommunities.com About AIR Apartment In

Apartment Income REIT Corp. ("AIR") (NYSE:AIRC) announced today first quarter results for 2022. Chief Executive Officer Terry Considine comments: "AIR began the year with strong results, the product of intentional focus on a simple business model, comparative advantage in property operations, low G&A costs, and a commitment to low leverage." "Comparing first quarter 2022 to first quarter 2021: Same Store revenue and NOI are up 9.2% and 11.7%, respectively. NOI margins are up 162 basis points to 72.8%. Average daily occupancy improved by 270 basis points to 98.1%." "We seized the opportunity to sell our lowest rated properties at prices fueled by then historic low interest rates, generati

Apartment Income REIT Corp. ("AIR") (NYSE:AIRC) will release First Quarter 2022 earnings on Monday, May 2, 2022, after the market closes. The First Quarter 2022 earnings conference call will be conducted on Tuesday, May 3, 2022, at 1:00 p.m. Eastern time. Live Conference Call Domestic Dial-In Number: 1-844-200-6205 International Dial-In Number: +1-929-526-1599 Access code: 233945 Webcast: investors.aircommunities.com Conference Call Replay Domestic Dial-In Number: 1-866-813-9403 International Dial-In Number: +44-204-525-0658 Passcode: 752550 The conference call replay will be available until July 28, 2022. Webcast Replay: investors.aircommunities.com AIR is a real estate investment t

Apartment Income REIT Corp. ("AIR") (NYSE:AIRC) announced today fourth quarter and full year results for 2021. Chief Executive Officer Terry Considine comments: "AIR had a solid fourth quarter, completing a good year. Full year 2021 Same Store revenue and NOI were better by 330 and 510 basis points, respectively, than our initial guidance." "Our properties are well occupied with January 2022 average daily occupancy at an all-time high of 98.4%." "Asking rents today average approximately $2,600 and are above pre-COVID levels in seven of our eight core markets." "During the fourth quarter and through January, we sold $1.4 billion of properties. Another $267 million of properties are under

Apartment Income REIT Corp. ("AIR") (NYSE:AIRC) will release Fourth Quarter 2021 earnings on Wednesday, February 9, 2022, after the market closes. The Fourth Quarter 2021 earnings conference call will be conducted on Thursday, February 10, 2022, at 1:00 p.m. Eastern time. Live Conference Call Domestic Dial-In Number: 1-844-200-6205 International Dial-In Number: +1-929-526-1599 Passcode: 495964 Webcast: investors.aircommunities.com Conference Call Replay Domestic Dial-In Number: 1-866-813-9403 International Dial-In Number: +44-204-525-0658 Passcode: 717755 The conference call replay will be available until March 10, 2022. Webcast Replay: investors.aircommunities.com AIR is a real esta

Apartment Income REIT Corp. ("AIR") (NYSE:AIRC) announced today third quarter results for 2021; an increase to full year Same Store Revenue, NOI, and FFO guidance; $1.7 billion of property sales closed, under contract, or in negotiation with proceeds to be used to reduce year-end net leverage to EBITDAre to 5.3:1, and the acquisition of a four property portfolio in Washington, D.C. for $510 million. Chief Executive Officer Terry Considine comments: "It is a good time for the multi-family business. Customer demand has recovered, and rents are at or above long-term trendlines. Our property operations team continues to excel: raising rents, increasing occupancy, and, notwithstanding inflation

Apartment Income REIT Corp. ("AIR") (NYSE:AIRC) will release Third Quarter 2021 earnings on Thursday, October 28, 2021, after the market closes. The Third Quarter 2021 earnings conference call will be conducted on Friday, October 29, 2021, at 1:00 p.m. Eastern time. Live Conference Call Domestic Dial-In Number: 1-844-200-6205 International Dial-In Number: +1-929-526-1599 Passcode: 076655 Webcast: investors.aircommunities.com Conference Call Replay Domestic Dial-In Number: 1-866-813-9403 International Dial-In Number: +44-204-525-0658 Passcode: 838944 The conference call replay will be available until November 26, 2021. Webcast Replay: investors.aircommunities.com AIR is a real estate

Apartment Income REIT Corp. ("AIR") (NYSE:AIRC) announced today second quarter results for 2021 and an increase to full year Same Store Revenue, NOI and FFO guidance. Chief Executive Officer Terry Considine comments: "Business is good! Strong consumer demand is driving higher occupancy and higher rents. The efficiency of the AIR business model is confirmed with peer-best operating margins, low corporate G&A, driving a 5% increase in full year FFO guidance." "Asking rents have now surpassed the pre-COVID peak and are at or above their long-term trend. Improving consumer demand and strong execution led to signed new rates up 2.7% in the second quarter… and up 9.5% month-to-date in July." "