Air reports first quarter 2022 results; first quarter ffo of $0.57 per share $0.02 above midpoint of guidance; pro forma leverage to ebitdare at 5.4x, within targeted range.

Denver--(business wire)--apartment income reit corp. ("air") (nyse: airc) announced today first quarter results for 2022. chief executive officer terry considine comments: "air began the year with strong results, the product of intentional focus on a simple business model, comparative advantage in property operations, low g&a costs, and a commitment to low leverage." "comparing first quarter 2022 to first quarter 2021: same store revenue and noi are up 9.2% and 11.7%, respectively. noi marg
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