Blackstone Bet Spurs Biggest Apartment-Stock Jump in Four Months [Yahoo! Finance]
Apartment Income REIT Corp. (AIRC)
Company Research
Source: Yahoo! Finance
Most Read from Bloomberg Trumpism Is Emptying Churches Why India's South Rejects Modi — And Why It Matters RBC Fires CFO Ahn After Probe Into Personal Relationship Yellen Implores China to Rethink Economic Growth Strategy The Odds of $100 Oil Are Rising as Supply Shocks Convulse the Market An index tracking the group rose over 4%, the largest one-day jump since mid-December, after Blackstone said it plans to acquire Apartment Income REIT for roughly $10 billion. While the industry's shares remain well below their early 2022 peak, the gain erased this year's losses and was seen as bolstering investors' confidence in the sector. The planned purchase follows Blackstone's agreement in January to buy the single-family-home landlord Tricon Residential Inc. for $3.5 billion, and Blackstone President Jon Gray previously told investors that “real estate values are bottoming.” BTIG analyst Michael Gorman said Blackstone's decision “is likely to spur additional bullish sentiment
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AIRC
News
- STOCKHOLDER ALERT: The M&A Class Action Firm Continues Investigating the Merger – INRD, AIRC, MODN, ABIOGlobeNewswire
- Kuehn Law Encourages INRD, AIRC, ELYM, and ALPN Investors to Contact Law FirmGlobeNewswire
- BSR REIT: The Next Multifamily M&A Target? [Seeking Alpha]Seeking Alpha
- BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Shockwave Medical, Inc. (Nasdaq – SWAV), Apartment Income REIT Corp. (NYSE - AIRC), Model N, Inc. (NYSE – MODN), ARCA biopharma, Inc. (Nasdaq - ABIO)GlobeNewswire
- Blackstone Buys Apartment Income REIT: Value Investors Rejoice [Seeking Alpha]Seeking Alpha
AIRC
Earnings
- 2/8/24 - Miss
AIRC
Sec Filings
- 4/29/24 - Form 10-K/A
- 4/19/24 - Form DEFA14A
- 4/19/24 - Form 8-K
- AIRC's page on the SEC website