Articles from Apartment Income REIT Corp

Apartment Income REIT LLC (“AIR” or “AIR Communities”) today announced an update on the company’s corporate responsibility progress. Recently, AIR received a 2024 GRESB score of 87 out of 100, a five-point increase from the previous year. The achievement places AIR second in its peer group and 16th out of 145 American residential entities. Formerly known as the Global Real Estate Sustainability Benchmark, GRESB is a global reporting framework that covers more than 2000 portfolios with $8.8 trillion in gross asset value.

AIR Communities has been selected as a 2024 Healthiest Employers award winner in three of its key markets – Colorado, South Florida, and Southern California.

Reflecting AIR Communities' commitment to outstanding corporate citizenship, the 21st annual AIR Gives Charity Golf Classic successfully raised $460,000 to foster strong communities and support those who serve our country. With the help of many longstanding business partners, the tournament continues to be a cornerstone of AIR’s commitment to others and dedication to positive relationships.

Blackstone (NYSEBX) and Apartment Income REIT Corp. (“AIR Communities” or the “Company”) today announced that Blackstone Real Estate Partners X (“Blackstone”) has completed its previously announced acquisition of all outstanding common shares of AIR Communities for $39.12 per share in an all-cash transaction valued at approximately $10 billion, including the assumption of debt.

Apartment Income REIT Corp. (NYSEAIRC) (the “Company”) today announced that, at the concluded special meeting of stockholders held earlier today, its stockholders approved the all-cash acquisition of the Company by Blackstone Real Estate Partners X (“Blackstone”).

Apartment Income REIT Corp. (NYSEAIRC) (“AIR Communities” or the “Company”) today announced that Glass, Lewis & Co. (“Glass Lewis”), another leading independent proxy advisory firm, has joined Institutional Shareholder Services Inc. (“ISS”), in recommending that stockholders vote “FOR” the proposal to approve the previously announced all-cash acquisition of the Company by Blackstone Real Estate Partners X (“Blackstone”), at the Company’s upcoming Special Meeting of Stockholders (the “Special Meeting”) scheduled for June 25, 2024 at 10:00 a.m., Mountain Time.

Apartment Income REIT Corp. (NYSEAIRC) (“AIR Communities” or the “Company”) today announced that a leading independent proxy advisory firm, Institutional Shareholder Services Inc. (“ISS”), has recommended that stockholders vote “FOR” the previously announced all-cash acquisition of the Company by Blackstone Real Estate Partners X (“Blackstone”), at the Company’s upcoming Special Meeting of Stockholders (the “Special Meeting”) scheduled for June 25, 2024, at 10:00 a.m. Mountain Time.

Apartment Income REIT Corp. ("AIR" or “AIR Communities”) (NYSEAIRC) today announced that it has been named a Top Workplace in South Florida by The Sun Sentinel. The annual list of Top Workplaces is administered by Energage and based solely on anonymous employee feedback that measures several aspects of workplace culture, including alignment, execution, and engagement.

Apartment Income REIT Corp. (“AIR” or “AIR Communities”) (NYSEAIRC) announced today that it has been named a Top Workplace in Philadelphia by The Philadelphia Inquirer. The annual list of Top Workplaces is administered by Energage and based solely on anonymous employee feedback that measures several aspects of workplace culture, including alignment, execution, and engagement.

Apartment Income REIT Corp. ("AIR" or “AIR Communities”) (NYSEAIRC) announced today that it has been named a Top Workplace in Colorado by The Denver Post. This recognition marks AIR’s 11th year on the publication’s list of top employers. The Top Workplace list is based on team member feedback gathered through an anonymous, third-party survey administered by Energage that measures several aspects of workplace culture, including alignment, execution, and engagement.

Apartment Income REIT Corp. (NYSEAIRC) (“AIR” or “AIR Communities”) has received a 2024 Top Workplaces USA award, as featured in USA TODAY. The award winners are determined solely on teammate feedback gathered through a third-party survey. The anonymous survey measures 15 culture drivers that are critical to the success of any organization, including alignment, execution, connection, and more.

Apartment Income REIT Corp. (NYSEAIRC) (“AIR” or “AIR Communities”) is thrilled to announce the arrival of four new retailers at 21 Fitzsimons and The Fremont, two premier apartment communities located at the heart of the Anschutz Medical Campus. These exciting additions will offer a diverse range of services, catering to the needs of residents, nearby workers, and the greater community.

Apartment Income REIT Corp. ("AIR") (NYSEAIRC) announced today that Chief Executive Officer, Terry Considine, and CFO, Paul Beldin, will host a roundtable discussion at the Citi 2024 Global Property CEO Conference on Wednesday, March 6, 2024 at 9:35 am Eastern Time.

Apartment Income REIT Corp. (NYSEAIRC) (“AIR” or the “Company”) has announced that the date of its 2024 annual meeting of shareholders will be June 14, 2024.

Apartment Income REIT Corp. ("AIR") (NYSEAIRC) announced today results for the fourth quarter and full year 2023.

Apartment Income REIT Corp. ("AIR") (NYSEAIRC) announced today that its Board of Directors declared a quarterly cash dividend of $0.45 per share of Class A Common Stock for the quarter ended December 31, 2023. This dividend is payable on February 27, 2024, to shareholders of record February 16, 2024. On an annualized basis, the dividend represents $1.80 per share, reflecting a dividend yield of approximately 5.5% based on today’s closing share price of $32.92.

Apartment Income REIT Corp. (“AIR”) (NYSEAIRC) reported today the tax status of its 2023 distributions paid to shareholders. Details on the tax classifications of the distributions are included in the table below. As a result of the Separation from Aimco, taxable investors have benefited from AIR’s refreshed tax basis through the favorable tax characterization of AIR’s distributions as compared to peer REITs.

Apartment Income REIT Corp. (“AIR”) (NYSEAIRC) 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.

Apartment Income REIT Corp. (NYSEAIRC) (“AIR” or “AIR Communities”) has been recognized by Multi-Housing News (MHN) as an Excellence Award winner for Best ESG Program. The award celebrates AIR’s commitment to being an outstanding corporate citizen and its best in class program to achieve environmental, social, and governance goals.

Apartment Income REIT Corp. ("AIR") (NYSEAIRC) announced today results for the third quarter of 2023.

Apartment Income REIT Corp. ("AIR") (NYSEAIRC) announced today that its Board of Directors declared a quarterly cash dividend of $0.45 per share of Class A Common Stock for the quarter ended September 30, 2023. This dividend is payable on November 30, 2023, to shareholders of record on November 17, 2023. On an annualized basis, the dividend represents $1.80 per share, reflecting a dividend yield of approximately 6.2% based on today’s closing share price of $29.21.

Apartment Income REIT Corp. (NYSEAIRC) (“AIR” or “AIR Communities”) today announced a 2023 GRESB score of 82 out of 100. AIR received a 100% score for both leadership and reporting, and now has a four out of five star GRESB Rating for overall Management and Performance in 2023. Additional highlights include a 12.5% improvement in environmental performance, a perfect social responsibility score, and a near-perfect governance score. The overall results place AIR in the top quartile of residential entities in the Americas. AIR also received an “A” for public disclosure, ranking second among peers.

Apartment Income REIT Corp. (NYSEAIRC) (“AIR” or “AIR Communities”) today announced the publication of its 2022/2023 Corporate Responsibility Report. The report highlights AIR’s commitment to building community and its focus on continuous improvement in all areas of its business.

Apartment Income REIT Corp. (“AIR”) (NYSEAIRC) 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.

Apartment Income REIT Corp. (NYSEAIRC) (“AIR” or “AIR Communities”) along with Apartment Investment and Management Company NYSE: AIVNYSEAIV)

Apartment Income REIT Corp. ("AIR” or “AIR Communities”) (NYSEAIRC) announced today that Terry Considine, AIR’s Chief Executive Officer, Paul Beldin, AIR’s Executive Vice President and Chief Financial Officer, and AIR’s President of Property Operations, Keith Kimmel, will be participating in one-on-meetings at the annual Bank of America Securities 2023 Global Real Estate Conference on September 12–13, 2023.

Apartment Income REIT, Corp. (“AIR,” “AIR Communities,” or the “Company”) announced today that John McGrath, Executive Vice President of Strategy, Capital Allocation, and Co-Chief Investment Officer will leave the Company effective September 30, 2023. Josh Minix, Executive Vice President and Co-Chief Investment Officer since 2021, will take sole responsibility for AIR’s investment function effective that same date.

Apartment Income REIT Corp. ("AIR" or the "Company") (NYSEAIRC) announced today results for the second quarter of 2023.

Apartment Income REIT Corp. ("AIR") (NYSEAIRC) announced today that its Board of Directors declared a quarterly cash dividend of $0.45 per share of Class A Common Stock for the quarter ended June 30, 2023. This dividend is payable on August 29, 2023, to shareholders of record on August 18, 2023. On an annualized basis, the dividend represents $1.80 per share, reflecting a dividend yield of approximately 5.1% based on today’s closing share price of $35.24.

Apartment Income REIT Corp. (“AIR”) (NYSEAIRC) 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.

Apartment Income REIT Corp. ("AIR" or “AIR Communities”) (NYSEAIRC) presented the annual AIR Communities Housing Impact Award to Los Angeles City Council President Paul Krekorian during the Los Angeles Business Council’s Mayoral Housing, Transportation, and Jobs Summit on Wednesday, May 17.

Apartment Income REIT Corp. (NYSEAIRC) (“AIR”) announced today joint ventures, with two of the world’s largest real estate investors, to recapitalize 11 properties valued at an aggregate of $1.2 billion based on a trailing twelve-month NOI cap rate of 5.6%. AIR will receive $600 million in proceeds (cash and debt relief), as well as asset and property management fees expected to contribute $2.5 million in annual margin. Upon completion of the transactions, AIR total indebtedness to ebitda will be less than 6:1, providing capacity for accretive acquisitions.

Apartment Income REIT Corp. (NYSEAIRC) (“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”).

Apartment Income REIT Corp. (“AIR”) (NYSEAIRC) announced today results for first quarter 2023.

Apartment Income REIT Corp. ("AIR") (NYSEAIRC) announced today that its Board of Directors declared a quarterly cash dividend of $0.45 per share of Class A Common Stock for the quarter ended March 31, 2023. This dividend is payable on May 30, 2023, to shareholders of record on May 19, 2023. On an annualized basis, the dividend represents $1.80 per share, reflecting a dividend yield of approximately 5.1% based on today’s closing share price of $35.21.

Apartment Income REIT Corp. (“AIR”) (NYSEAIRC) 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.

Apartment Income REIT Corp. ("AIR") (NYSEAIRC) announced today that Chief Executive Officer, Terry Considine and CFO, Paul Beldin, will host a roundtable discussion at the Citi 2023 Global Property CEO Conference on Tuesday, March 7, 2023 at 10:35 am Eastern Time.

Apartment Income REIT Corp. ("AIR") (NYSEAIRC) announced today fourth quarter and full year results for 2022.

Apartment Income REIT Corp. ("AIR") (NYSEAIRC) announced today that its Board of Directors declared a quarterly cash dividend of $0.45 per share of Class A Common Stock for the quarter ended December 31, 2022. This dividend is payable on February 28, 2023, to shareholders of record on February 17, 2023. On an annualized basis, the dividend represents $1.80 per share, reflecting a dividend yield of approximately 4.7% based on today’s closing share price of $38.52.

Apartment Income REIT Corp. (“AIR”) (NYSEAIRC) reported today the tax status of its 2022 distributions paid to shareholders. Details on the tax classifications of the distributions are included in the table below:

Apartment Income REIT Corp. (“AIR”) (NYSEAIRC) 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.

Apartment Income REIT Corp. (NYSEAIRC) (“AIR” or the “Company”) announced that Moody's Investors Service, ("Moody's") assigned a first-time Baa2 issuer rating to AIR in a press release issued on December 5, 2022. In the same rating action, Moody's also assigned a shelf rating of (P)Baa2 to Apartment Income REIT, L.P.'s senior unsecured debt shelf. The rating outlook is stable.

Apartment Income REIT Corp. (NYSEAIRC) (“AIR” or the “Company”) announced Board action to amend its charter to reduce to a simple majority the shareholder vote required to amend AIR’s bylaws. The action taken is subject to the affirmative vote of shareholders, which vote is anticipated to be held at the 2023 annual shareholder meeting.

Apartment Income REIT Corp. ("AIR") (NYSEAIRC) announced today the sale last week of its New England portfolio of six communities with 1,314 apartment units for $500 million. The disposition price represents a trailing twelve-month NOI cap rate of approximately 4.4%.

Apartment Income REIT Corp. ("AIR") (NYSEAIRC) announced today third quarter results for 2022.

Apartment Income REIT Corp. ("AIR") (NYSEAIRC) announced today that its Board of Directors declared a quarterly cash dividend of $0.45 per share of Class A Common Stock for the quarter ended September 30, 2022. This dividend is payable on November 30, 2022, to stockholders of record on November 18, 2022. On an annualized basis, the dividend represents $1.80 per share, reflecting a dividend yield of approximately 4.7% based on AIR’s closing share price on Tuesday, November 1, 2022.

Apartment Income REIT Corp. (“AIR”) (NYSEAIRC) 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.

Apartment Income REIT Corp. (“AIR”) (NYSEAIRC) today provided an operating update on its change in Same Store Rental Rates and Average Daily Occupancy as of August 31, 2022. The Company remains on track to meet guidance for 2022 as described in its second quarter 2022 earnings release.

Apartment Income REIT Corp. ("AIR") (NYSEAIRC) 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.

Apartment Income REIT Corp. ("AIR") (NYSEAIRC) announced today that its Board of Directors declared a quarterly cash dividend of $0.45 per share of Class A Common Stock for the quarter ended June 30, 2022. This dividend is payable on August 30, 2022, to stockholders of record on August 19, 2022.

Apartment Income REIT Corp. (“AIR”) (NYSEAIRC) 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.

Apartment Income REIT Corp. (“AIR”) (NYSEAIRC) today announced that it has reached agreement with Apartment Investment and Management Company (“Aimco”) to cancel existing leases at four properties owned by AIR and leased to Aimco for the purpose of their development. With the developments largely complete, the two companies negotiated an early termination of the leases for a negotiated payment of $200 million.

Apartment Income REIT Corp. ("AIR") (NYSEAIRC) announced today first quarter results for 2022.

Apartment Income REIT Corp. ("AIR") (NYSEAIRC) announced today that its Board of Directors declared a quarterly cash dividend of $0.45 per share of Class A Common Stock for the quarter ended March 31, 2022. This dividend is payable on May 31, 2022, to stockholders of record on May 20, 2022.

Apartment Income REIT Corp. (“AIR”) (NYSEAIRC) 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.

Apartment Income REIT Corp. (“AIR”) (NYSEAIRC) announced today fourth quarter and full year results for 2021.

Apartment Income REIT (NYSEAIRC), a real estate investment trust focused on the ownership and management of quality apartment communities located in the largest markets in the United States, reported today the tax status of its 2021 distributions paid to shareholders. Details on the tax classifications of the distributions are included in the table below: