Key Highlights

  • AerCap Holdings (NYSE:AER) shows USD 165.72 on the all-time-high screen, up 2.04% in the November 4, 2026 session, with a Market Value of about USD 25.59 billion. Screen figures are unverified.
  • The stock went on to touch a new all-time high of USD 169.89 by November 6, extending a one-year gain of about 27.44%, even after the broad market sell-off of November 5.
  • Third-quarter adjusted EPS was USD 6.56, and the full-year adjusted EPS outlook rose to about USD 20.70, excluding fourth-quarter gains on sale, from about USD 16.80 set in July.
  • The quarterly Dividend of USD 0.40 per share has an ex-dividend date of November 10, a Record Date of November 11 and a payment date of December 3, 2026.

What Has Changed Since the Last Record

AerCap (NYSE:AER) has been on the record list for weeks, so the question is what keeps adding to the move. The answer is a rising Earnings base. In July the company raised its 2026 adjusted EPS guidance to about USD 16.80 after a second quarter with adjusted EPS of USD 5.14. On October 28 it reported third-quarter adjusted EPS of USD 6.56 and lifted the outlook again, to about USD 20.70 excluding any fourth-quarter gains on sale. That is a rise of about 23% in the guided figure in three months, our own arithmetic. The third quarter also brought 204 asset transactions, including 85 Lease agreements, 34 purchases and 85 sales, and about USD 900 million of new financing. Rating changes in early November added momentum, with at least one research house moving the stock to its highest rating, and two price target increases in late October took targets to the low USD 180s. The consensus view on the stock is a buy, with only one hold rating among the houses that cover it, which shows how broad support has become.

Why Buybacks and Asset Sales Matter for the Record

The company repurchased 5.3 million shares for about USD 783 million in the third quarter. Buying back stock while it trades near Book Value increases book value per share and Earnings Per Share for remaining holders, which helps explain why the price keeps reaching new highs even when Revenue growth is modest. Asset sales are the other lever: selling aircraft above their carrying value produces gains that lift earnings. These gains are real cash but they are lumpy, which is why the guidance excludes fourth-quarter sale gains. The screen shows a trailing P/E of 8.49 on EPS of USD 19.51, unverified, which is low for a company setting records. That low multiple reflects how investors discount leasing earnings for Interest Rate and aircraft value risk.

Risks and What to Watch

Three risks stand out. First, earnings quality: a share of the upgrade rests on sale gains and tax effects rather than recurring lease income. Second, airline health, since high fuel costs or a slowdown in travel would weaken lessee credit. Third, the broader tape: US stocks had their worst day since April 2025 on November 5, and an extended stock can give back gains quickly if risk appetite fades. Investors in AerCap (NYSE:AER) should watch the Dividend Dates on November 10 and 11, the pace of repurchases in the fourth quarter, and whether fourth-quarter sale gains push the full-year figure above about USD 20.70.

Where Things Stand

AerCap keeps setting records because its guided earnings keep rising, from about USD 16.80 in July to about USD 20.70 in October, while buybacks of USD 783 million in one quarter shrink the share count. The new high of USD 169.89 came after a weak market day, which shows Demand for the stock. Lumpy sale gains and airline exposure remain the main risks.