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AIR Communities Announces Quarterly Common Dividend of $0.45 Per Share
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
Apartment Income REIT Corp. (AIR) has declared a quarterly cash dividend of $0.45 per share of Class A Common Stock for the quarter ended September 30, 2023. The dividend will be payable on November 30, 2023, to shareholders of record on November 17, 2023. The annualized dividend represents $1.80 per share, with a dividend yield of approximately 6.2% based on the closing share price of $29.21.
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DENVER--(BUSINESS WIRE)--
Apartment Income REIT Corp. ("AIR") (NYSE: AIRC) 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.
About AIR Communities
Apartment Income REIT Corp (NYSE: AIRC) is a publicly traded, self-administered real estate investment trust (“REIT”). AIR’s portfolio comprises 75 communities totaling 26,555 apartment homes located in 11 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. For additional information, please visit aircommunities.com.
air communities, a real estate investment trust (reit), is the owner and operator of best-in-class apartment communities across the united states. air communities professionally manages high-quality properties in most major markets, including boston, philadelphia, los angeles and miami. our communities are managed by outstanding team members who provide unbeatable customer service. exceptional operations start with a professional, well-trained team. residents at air communities benefit from the resources of a national company and the attention of a local team. customer satisfaction is the most important part of our mission. we conduct regular surveys to make sure we are meeting the needs of our residents and making their home the best it can be. you can expect us to always be welcoming, consistent, responsive, trusted, and exceptional.
