AIR Communities Announces Quarterly Common Dividend of $0.45 Per Share

Rhea-AI Summary

Apartment Income REIT Corp. declares a quarterly cash dividend of $0.45 per share of Class A Common Stock for the quarter ended June 30, 2023.

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• The dividend represents an annualized rate of $1.80 per share, reflecting a dividend yield of approximately 5.1% based on today’s closing share price of $35.24.

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• None.

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 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.

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 25,795 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. For additional information, please visit aircommunities.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230725834302/en/

Matthew O’Grady

Senior Vice President, Capital Markets

(303) 691-4566

Mary Jensen

Head of Investor Relations

(303) 691-4349

investors@aircommunities.com

Source: Apartment Income REIT Corp

FAQ

What is the quarterly cash dividend declared by Apartment Income REIT Corp. for the quarter ended June 30, 2023?

The quarterly cash dividend declared by Apartment Income REIT Corp. for the quarter ended June 30, 2023 is $0.45 per share of Class A Common Stock.

When will the dividend be payable?

The dividend will be payable on August 29, 2023.

Who will receive the dividend?

The dividend will be paid to shareholders of record on August 18, 2023.

What is the annualized rate of the dividend?

The annualized rate of the dividend is $1.80 per share.

What is the dividend yield based on today's closing share price?

The dividend yield is approximately 5.1% based on today's closing share price of $35.24.