See more : Bay Capital Plc (BAY.L) Income Statement Analysis – Financial Results
Complete financial analysis of Apartment Income REIT Corp. (AIRC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Apartment Income REIT Corp., a leading company in the REIT – Residential industry within the Real Estate sector.
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Apartment Income REIT Corp. (AIRC)
About Apartment Income REIT Corp.
AIR is a real estate investment trust focused on the ownership and management of quality apartment communities located in the largest markets in the United States. AIR is one of the country's largest owners and operators of apartments, with 99 communities in 12 states and the District of Columbia. AIR common shares are traded on the New York Stock Exchange under the ticker symbol AIRC, and are included in the S&P 400. For more information about AIR, please visit our website at www.aircommunities.com.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 820.04M | 773.72M | 740.85M | 719.56M | 914.29M | 972.41M | 1.01B | 995.85M | 981.31M | 984.36M | 974.05M | 1.03B | 1.08B | 1.14B | 1.20B | 1.46B | 1.72B | 1.69B | 1.52B | 1.47B | 1.52B | 1.51B | 1.46B | 1.10B | 577.37M | 401.24M | 206.94M | 108.88M | 77.60M | 28.20M |
| Cost of Revenue | 618.43M | 261.26M | 268.10M | 254.99M | 311.22M | 328.82M | 354.38M | 356.76M | 365.25M | 380.63M | 380.01M | 414.23M | 460.40M | 524.67M | 539.81M | 26.77M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 201.61M | 512.46M | 472.75M | 464.57M | 603.07M | 643.59M | 651.06M | 639.09M | 616.06M | 603.74M | 594.04M | 618.96M | 619.19M | 620.27M | 655.95M | 1.43B | 1.72B | 1.69B | 1.52B | 1.47B | 1.52B | 1.51B | 1.46B | 1.10B | 577.37M | 401.24M | 206.94M | 108.88M | 77.60M | 28.20M |
| Gross Profit Ratio | 24.59% | 66.23% | 63.81% | 64.56% | 65.96% | 66.18% | 64.75% | 64.18% | 62.78% | 61.33% | 60.99% | 59.91% | 57.35% | 54.18% | 54.86% | 98.16% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.84 | 1.26 | 0.63 | -0.03 | 0.63 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 25.49M | 24.94M | 18.59M | 40.42M | 47.04M | 46.27M | 43.66M | 44.94M | 43.18M | 44.20M | 45.71M | 49.60M | 50.95M | 53.37M | 69.57M | 99.04M | 89.25M | 101.70M | 92.92M | 78.09M | 28.82M | 20.34M | 18.53M | 18.12M | 13.11M | 14.65M | 5.40M | 1.51M | 1.80M | 1.70M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 25.49M | 24.94M | 18.59M | 40.42M | 47.04M | 46.27M | 43.66M | 44.94M | 43.18M | 44.20M | 45.71M | 49.60M | 50.95M | 53.37M | 69.57M | 99.04M | 89.25M | 101.70M | 92.92M | 78.09M | 28.82M | 20.34M | 18.53M | 18.12M | 13.11M | 14.65M | 5.40M | 1.51M | 1.80M | 1.70M |
| Other Expenses | -34.64M | 360.02M | 346.96M | 394.80M | 399.26M | 77.00K | 7.69M | 6.07M | 387.00K | -829.00K | 299.31M | 360.85M | 378.04M | 426.06M | 464.63M | 1.10B | 1.28B | 1.25B | 1.13B | 1.06B | 1.03B | 1.23B | 1.29B | 999.19M | 478.76M | 321.61M | 171.30M | 105.66M | -49.30M | -19.00M |
| Operating Expenses | 34.64M | 384.96M | 365.55M | 435.23M | 446.30M | 427.83M | 421.19M | 392.30M | 359.85M | 339.57M | 345.02M | 410.46M | 448.57M | 489.41M | 531.87M | 1.23B | 1.37B | 1.35B | 1.22B | 1.14B | 1.06B | 1.25B | 1.31B | 1.02B | 491.88M | 336.26M | 176.70M | 107.18M | -47.50M | -17.30M |
| Cost & Expenses | 653.07M | 646.22M | 633.65M | 690.22M | 757.52M | 756.65M | 775.57M | 749.06M | 725.10M | 720.19M | 725.03M | 824.69M | 908.97M | 1.01B | 1.07B | 1.23B | 1.37B | 1.35B | 1.22B | 1.14B | 1.06B | 1.25B | 1.31B | 1.02B | 491.88M | 336.26M | 176.70M | 107.18M | -47.50M | -17.30M |
| Interest Income | 8.31M | 50.26M | 58.65M | 12.37M | 11.42M | 10.91M | 8.33M | 7.80M | 6.95M | 6.88M | 16.06M | 9.91M | 10.04M | 11.13M | 9.34M | 17.13M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 129.65M | 116.46M | 129.47M | 160.36M | 168.81M | 200.63M | 194.62M | 196.39M | 199.69M | 220.97M | 237.05M | 246.76M | 310.78M | 312.58M | 324.16M | 368.71M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 342.59M | 350.95M | 319.74M | 320.94M | 380.17M | 377.79M | 366.18M | 333.07M | 306.30M | 282.61M | 291.91M | 345.08M | 378.04M | 426.06M | 444.41M | 458.60M | 500.34M | 490.70M | 412.08M | 368.84M | 335.08M | 292.62M | 364.38M | 330.02M | 151.17M | 101.61M | 43.52M | 21.21M | 15.20M | 4.90M |
| EBITDA | 509.56M | 525.21M | 485.03M | 362.66M | 549.17M | 604.53M | 612.07M | 593.73M | 569.85M | 552.83M | 557.91M | 559.09M | 540.98M | 544.94M | 565.81M | 638.03M | 815.82M | 793.28M | 678.54M | 697.60M | 798.43M | 545.89M | 531.14M | 408.07M | 239.48M | 166.59M | 73.77M | 22.92M | 140.30M | 50.40M |
| EBITDA Ratio | 62.14% | 67.88% | 65.47% | 50.40% | 60.07% | 62.17% | 60.88% | 59.62% | 58.07% | 56.16% | 57.28% | 54.11% | 50.11% | 47.60% | 47.32% | 43.76% | 47.40% | 46.91% | 44.60% | 47.49% | 52.66% | 36.24% | 36.29% | 37.07% | 41.48% | 41.52% | 35.65% | 21.05% | 180.80% | 178.72% |
| Operating Income | 166.97M | 174.26M | 165.29M | 41.71M | 169.00M | 215.76M | 193.98M | 246.80M | 256.22M | 262.35M | 249.02M | 200.16M | 166.29M | 130.51M | 110.51M | 204.77M | 347.26M | 337.15M | 299.44M | 328.76M | 456.93M | 253.97M | 150.10M | 83.38M | 85.50M | 64.98M | 30.25M | 1.71M | 125.10M | 45.50M |
| Operating Income Ratio | 20.36% | 22.52% | 22.31% | 5.80% | 18.48% | 22.19% | 19.29% | 24.78% | 26.11% | 26.65% | 25.57% | 19.37% | 15.40% | 11.40% | 9.24% | 14.05% | 20.18% | 19.94% | 19.68% | 22.38% | 30.14% | 16.86% | 10.26% | 7.58% | 14.81% | 16.20% | 14.62% | 1.57% | 161.21% | 161.35% |
| Total Other Income/Expenses | 571.13M | 849.98M | -5.25M | 272.47M | 335.89M | 487.82M | 122.26M | -182.52M | -11.76M | 71.91M | -216.38M | -216.00M | -315.55M | -314.83M | -326.22M | -416.85M | 31.78M | 34.57M | 32.98M | 0.00 | -6.42M | 694.00K | -16.66M | 5.33M | -2.82M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 691.71M | 973.97M | 473.98M | -19.14M | 504.89M | 703.58M | 15.39M | 64.28M | 63.87M | 47.43M | 32.64M | -15.84M | -149.27M | -184.32M | -215.71M | -212.08M | 379.04M | 371.72M | 332.42M | 0.00 | 450.52M | 254.67M | 133.44M | 88.71M | 82.68M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 84.35% | 125.88% | 63.98% | -2.66% | 55.22% | 72.35% | 1.53% | 6.45% | 6.51% | 4.82% | 3.35% | -1.53% | -13.83% | -16.10% | -18.04% | -14.55% | 22.02% | 21.98% | 21.85% | 0.00% | 29.71% | 16.91% | 9.12% | 8.06% | 14.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 2.43M | 3.92M | -5.25M | 95.44M | -3.14M | -13.03M | -32.13M | -25.21M | -27.52M | -20.05M | -1.96M | -929.00K | -7.17M | -18.43M | -18.67M | -53.37M | 317.35M | 160.37M | 228.46M | 65.26M | 298.08M | 84.93M | 42.75M | -15.80M | 4.54M | 508.00K | 1.61M | -11.28M | 111.70M | 38.40M |
| Net Income | 635.10M | 904.43M | 447.62M | -114.57M | 474.08M | 666.23M | 315.77M | 430.41M | 248.71M | 309.25M | 207.29M | 132.46M | -57.09M | -71.73M | -64.27M | 415.46M | 29.91M | 176.79M | 70.98M | 263.50M | 158.86M | 169.05M | 107.35M | 99.18M | 80.96M | 64.47M | 28.63M | 12.98M | 13.40M | 7.10M |
| Net Income Ratio | 77.45% | 116.89% | 60.42% | -15.92% | 51.85% | 68.51% | 31.41% | 43.22% | 25.34% | 31.42% | 21.28% | 12.82% | -5.29% | -6.26% | -5.38% | 28.50% | 1.74% | 10.45% | 4.67% | 17.94% | 10.48% | 11.22% | 7.33% | 9.01% | 14.02% | 16.07% | 13.84% | 11.92% | 17.27% | 25.18% |
| EPS | 4.29 | 5.86 | 2.90 | -0.94 | 3.91 | 5.46 | 2.50 | 3.42 | 1.94 | 2.63 | 1.79 | 0.78 | -0.61 | -0.79 | -0.72 | 5.06 | -0.33 | 1.21 | -0.15 | 1.63 | 0.86 | 1.12 | 0.29 | 0.68 | 0.50 | 1.07 | 1.39 | 1.33 | 1.10 | 0.54 |
| EPS Diluted | 4.27 | 5.81 | 2.89 | -0.94 | 3.90 | 5.45 | 2.50 | 3.41 | 1.94 | 2.63 | 1.79 | 0.78 | -0.61 | -0.79 | -0.72 | 5.06 | -0.33 | 1.21 | -0.15 | 1.63 | 0.86 | 1.11 | 0.29 | 0.66 | 0.49 | 1.02 | 1.38 | 1.33 | 1.10 | 0.54 |
| Weighted Avg Shares Out | 147.90M | 154.09M | 154.14M | 122.45M | 119.31M | 122.10M | 122.43M | 122.18M | 121.53M | 114.06M | 113.79M | 105.23M | 93.44M | 91.14M | 89.52M | 69.46M | 109.75M | 78.54M | 73.44M | 72.87M | 76.32M | 67.18M | 57.96M | 53.19M | 48.34M | 35.39M | 16.66M | 9.73M | 12.20M | 8.02M |
| Weighted Avg Shares Out (Dil) | 150.22M | 156.59M | 154.50M | 122.45M | 119.53M | 122.24M | 122.81M | 122.48M | 121.84M | 114.35M | 113.98M | 105.32M | 93.44M | 91.14M | 89.52M | 69.46M | 109.75M | 78.54M | 73.44M | 72.87M | 76.32M | 67.96M | 57.96M | 54.21M | 49.62M | 37.30M | 16.66M | 9.73M | 12.20M | 8.02M |
AIR Communities' Stockholders Approve Acquisition by Blackstone Real Estate
DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. (NYSE: AIRC) (the “Company”) today announced that, at the concluded special meeting of stockholders held earlier today, its stockholders approved the all-cash acquisition of the Company by Blackstone Real Estate Partners X (“Blackstone”). The Company...
AIR Communities Announces Proxy Advisory Firm Glass Lewis Joins ISS in Recommending Stockholders Vote “FOR” Proposed Acquisition by Blackstone Real Estate
DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. (NYSE:AIRC) (“AIR Communities” or the “Company”) today announced that Glass, Lewis & Co. (“Glass Lewis”), another leading independent proxy advisory firm, has joined Institutional Shareholder Services Inc. (“ISS”), in recommending that stockholders vote “FOR” the...
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AIR Communities Announces Proxy Advisory Firm ISS Recommends Stockholders Vote “FOR” Proposed Acquisition by Blackstone
DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. (NYSE:AIRC) (“AIR Communities” or the “Company”) today announced that a leading independent proxy advisory firm, Institutional Shareholder Services Inc. (“ISS”), has recommended that stockholders vote “FOR” the previously announced all-cash acquisition of the Company by...
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Natixis Advisors L.P. Makes New Investment in Apartment Income REIT Corp. (NYSE:AIRC)
Natixis Advisors L.P. acquired a new stake in Apartment Income REIT Corp. (NYSE:AIRC – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional...
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AIR Communities Named a 2024 Top Workplace in South Florida
MIAMI--(BUSINESS WIRE)--Apartment Income REIT Corp. ("AIR" or “AIR Communities”) (NYSE: AIRC) today announced that it has been named a Top Workplace in South Florida by The Sun Sentinel. The annual list of Top Workplaces is administered by Energage and based...
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Source: https://incomestatements.info
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