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Apartment Income REIT Corp (AIRC)
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Upturn Advisory Summary
06/27/2024: AIRC (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: -19.6% | Upturn Advisory Performance 2 | Avg. Invested days: 29 |
Profits based on simulation | Stock Returns Performance 1 | Last Close 06/27/2024 |
Type: Stock | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: -19.6% | Avg. Invested days: 29 |
Upturn Star Rating | Stock Returns Performance 1 |
Profits based on simulation Last Close 06/27/2024 | Upturn Advisory Performance 2 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 5.67B USD |
Price to earnings Ratio 9.09 | 1Y Target Price 39.06 |
Dividends yield (FY) 4.61% | Basic EPS (TTM) 4.3 |
Volume (30-day avg) 3096656 | Beta 0.77 |
52 Weeks Range 27.40 - 39.10 | Updated Date 07/26/2024 |
Company Size Mid-Cap Stock | Market Capitalization 5.67B USD | Price to earnings Ratio 9.09 | 1Y Target Price 39.06 |
Dividends yield (FY) 4.61% | Basic EPS (TTM) 4.3 | Volume (30-day avg) 3096656 | Beta 0.77 |
52 Weeks Range 27.40 - 39.10 | Updated Date 07/26/2024 |
Earnings Date
Report Date 2024-07-25 | When Before Market |
Estimate 0.03 | Actual - |
Report Date 2024-07-25 | When Before Market | Estimate 0.03 | Actual - |
Profitability
Profit Margin 83.3% | Operating Margin (TTM) 10.43% |
Management Effectiveness
Return on Assets (TTM) 1.09% | Return on Equity (TTM) 28.61% |
Revenue by Products
Revenue by Products - Current and Previous Year
Valuation
Trailing PE 9.09 | Forward PE 714.29 |
Enterprise Value 9184905216 | Price to Sales(TTM) 7.38 |
Enterprise Value to Revenue 11.12 | Enterprise Value to EBITDA 7.75 |
Shares Outstanding 145104000 | Shares Floating 143827304 |
Percent Insiders 0.71 | Percent Institutions 102.6 |
Trailing PE 9.09 | Forward PE 714.29 | Enterprise Value 9184905216 | Price to Sales(TTM) 7.38 |
Enterprise Value to Revenue 11.12 | Enterprise Value to EBITDA 7.75 | Shares Outstanding 145104000 | Shares Floating 143827304 |
Percent Insiders 0.71 | Percent Institutions 102.6 |
Analyst Ratings
Rating 3.18 | Target Price 38.4 | Buy - |
Strong Buy 1 | Hold 10 | Sell - |
Strong Sell - |
Rating 3.18 | Target Price 38.4 | Buy - | Strong Buy 1 |
Hold 10 | Sell - | Strong Sell - |
AI Summarization
Company Profile: Apartment Income REIT Corp, also known as AIR, is a real estate investment trust (REIT) that focuses on the acquisition, ownership, and management of multifamily apartment communities primarily located in the United States. The company was founded in 2011 and is headquartered in Dallas, Texas.
Apartment Income REIT Corp's core business areas include property acquisition, development, management, and leasing of multifamily residential properties. The company aims to generate rental income and maximize value for its shareholders through strategic property investments and operational excellence.
The leadership team of Apartment Income REIT Corp is led by its CEO and Chairman, John Bezzant, who brings years of experience in the real estate industry. The company's corporate structure includes various departments such as finance, operations, acquisitions, and asset management, all working towards the common goal of maximizing shareholder value.
Top Products and Market Share: Apartment Income REIT Corp's top products include a portfolio of multifamily apartment communities across various markets in the United States. The company focuses on providing high-quality living spaces for residents in well-located, attractive properties. The market share of these properties varies by location, with some communities being more popular and in demand compared to others.
In comparison to competitors in the multifamily real estate sector, Apartment Income REIT Corp has a strong presence in key markets and has gained a competitive edge through its focus on operational efficiency and resident satisfaction. The company's properties are well-maintained and offer a range of amenities to attract and retain residents.
Total Addressable Market: The total addressable market for multifamily properties in the United States is significant, with a growing demand for rental housing in urban and suburban areas. Apartment Income REIT Corp operates in this large and dynamic market, focusing on acquiring and managing properties that cater to the evolving needs of residents.
Financial Performance: Apartment Income REIT Corp has displayed solid financial performance in recent years, with steady revenue growth, positive net income, healthy profit margins, and earnings per share (EPS) that have met or exceeded market expectations. The company's year-over-year financial performance has been consistent, reflecting the stability of its business model.
The cash flow statements and balance sheet of Apartment Income REIT Corp indicate a strong liquidity position and solid asset base, which contribute to the company's financial stability and ability to pursue growth opportunities.
Dividends and Shareholder Returns: Apartment Income REIT Corp has a history of paying dividends to its shareholders, with consistent dividend yields and payout ratios that demonstrate the company's commitment to returning value to investors. The total shareholder returns of Apartment Income REIT Corp have been competitive over various time periods, reflecting the company's success in generating income and creating long-term value for shareholders.
Growth Trajectory: The historical growth analysis of Apartment Income REIT Corp over the past 5 to 10 years shows a pattern of consistent expansion and value creation for shareholders. The company's future growth projections are optimistic, based on industry trends such as increasing demand for rental housing and favorable market conditions for multifamily properties. Recent product launches and strategic initiatives are expected to drive further growth for Apartment Income REIT Corp in the coming years.
Market Dynamics: Apartment Income REIT Corp operates in the multifamily real estate industry, which is influenced by current trends such as urbanization, demographic shifts, and technological advancements in property management. The company is positioned well within the industry, with a strong portfolio of properties and operational expertise that enable it to adapt to market changes and capitalize on emerging opportunities.
Competitors: Key competitors of Apartment Income REIT Corp in the multifamily real estate sector include Equity Residential (EQR) and AvalonBay Communities Inc. (AVB). While these competitors also have strong market positions and attractive properties, Apartment Income REIT Corp differentiates itself through its focus on operational efficiency, resident satisfaction, and strategic property investments. The market share percentages of these competitors vary by location, with Apartment Income REIT Corp competing effectively in its target markets.
Potential Challenges and Opportunities: Apartment Income REIT Corp faces potential challenges such as regulatory changes, market competition, and economic uncertainties that could impact its business operations and financial performance. However, the company also has opportunities to explore new markets, innovate products and services, and form strategic partnerships to drive growth and enhance shareholder value.
AI-Based Fundamental Rating: Based on an AI-based rating system, Apartment Income REIT Corp's stock fundamentals receive a rating of 8 out of 10. This rating is justified by the company's strong financial performance, market position, and growth prospects, supported by data-driven insights and industry analysis.
Sources and Disclaimers: The information for this analysis was gathered from the official website of Apartment Income REIT Corp, financial reports, industry publications, and reputable financial news sources. It is important to note that this overview is for informational purposes only and should not be used as investment advice. Investors should conduct their own research and consult with financial professionals before making investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Apartment Income REIT Corp
Exchange | NYSE | Headquaters | Denver, CO, United States |
IPO Launch date | 2020-12-15 | Founder, CEO & Director | Mr. Terry Considine J.D. |
Sector | Real Estate | Website | https://www.aircommunities.com |
Industry | REIT - Residential | Full time employees | 760 |
Headquaters | Denver, CO, United States | ||
Founder, CEO & Director | Mr. Terry Considine J.D. | ||
Website | https://www.aircommunities.com | ||
Website | https://www.aircommunities.com | ||
Full time employees | 760 |
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. The AIR Edge is a durable operating advantage in driving organic growth, as well as making possible the opportunity for excess returns for properties new to AIR's platform.
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