Apartment Income REIT Corp. (AIRC) Reports Q4 EPS of $2.37

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Go back to Apartment Income REIT Corp. (AIRC) Reports Q4 EPS of $2.37

AIR Reports Fourth Quarter 2021 Results; Full Year Results 8% Ahead of Initial Expectations; Leverage Reduced to 5.3x; Establishes 2022 FFO Guidance, at the Midpoint, of $2.40 Per Share.

February 9, 2022 4:50 PM EST

DENVER--(BUSINESS WIRE)-- Apartment Income REIT Corp. (AIR) (NYSE: AIRC) announced today fourth quarter and full year results for 2021.

Chief Executive Officer Terry Considine comments: AIR had a solid fourth quarter, completing a good year. Full year 2021 Same Store revenue and NOI were better by 330 and 510 basis points, respectively, than our initial guidance.

Our properties are well occupied with January 2022 average daily occupancy at an all-time high of 98.4%.

Asking rents today average approximately $2,600 and are above pre-COVID levels in seven of our eight core markets.

During the fourth quarter and through January, we sold $1.4... More