Apartment Income REIT Corp. (AIRC) Tops Q4 EPS, Revenue

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Go back to Apartment Income REIT Corp. (AIRC) Tops Q4 EPS, Revenue

AIR Reports Fourth Quarter and Full Year 2022 Results: Record Same Store NOI Growth of 14.0%; Operating Fundamentals Across All Markets Remain Strong

February 9, 2023 5:19 PM EST

Fourth Quarter Blended Signed Lease Rate Growth of 10.2%; Initiating 2023 Same Store NOI Growth Guidance Range of 7.3% - 10.3%

DENVER--(BUSINESS WIRE)-- Apartment Income REIT Corp. ("AIR") (NYSE: AIRC) announced today fourth quarter and full year results for 2022.

Terry Considine, Chief Executive Officer, comments: 2022 was a terrific year! Average rents in our portfolio reached a new high. Same Store NOI growth of 14% surpassed our expectations. NOI in our newly acquired properties grew even faster. We had the highest operating margins in the sector. We were the most efficient in converting rent to Free Cash... More