Apartment Income REIT Corp. (AIRC) Raises Quarterly Dividend 2.3% to $0.44; 3.4% Yield
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AIR Reports Second Quarter 2021 Results – Full Year FFO Guidance Increased by 5%; Quarterly Dividend Raised by 2%
July 29, 2021 4:32 PM EDTDENVER--(BUSINESS WIRE)-- 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... More
