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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 |
Apartment Income REIT Corp. (AIRC) Q1 FFO Lag Estimates
Apartment Income REIT Corp. (AIRC) came out with quarterly funds from operations (FFO) of $0.55 per share, missing the Zacks Consensus Estimate of $0.58 per share. This compares to FFO of $0.57 per share a year ago.
AIR Communities Reports Strong Start to 2023, First Quarter Same Store:
DENVER--(BUSINESS WIRE)---- $AIRC #AIRC--AIR Communities Reports Strong Start to 2023.
AIR Communities Reports Strong Start to 2023, First Quarter Same Store:
DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. (“AIR”) (NYSE: AIRC) announced today results for first quarter 2023. Terry Considine, Chief Executive Officer, comments: “AIR’s first quarter results were on plan. “In our Same Store portfolio, revenue was up 10.1%; expenses were up...
AIR Communities Announces Quarterly Common Dividend of $0.45 Per Share
DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. ("AIR") (NYSE: AIRC) announced today that its Board of Directors declared a quarterly cash dividend of $0.45 per share of Class A Common Stock for the quarter ended March 31, 2023. This dividend is payable...
These Dividend Stocks Think Their Shares Are Extremely Undervalued
Many REITs opportunistically repurchased shares at a discount to their net asset value. Those buybacks could help boost their values in the future.
AIR Communities Announces Dates for Its First Quarter Earnings Release and Conference Call
DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. (“AIR”) (NYSE: AIRC) will release First Quarter earnings on Monday, May 1, 2023, after the market closes. A live conference call to discuss these results will be conducted on Tuesday, May 2, 2023, at 1:00...
AIR Communities Announces Dates for Its First Quarter Earnings Release and Conference Call
DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. (“AIR”) (NYSE: AIRC) will release First Quarter earnings on Monday, May 1, 2023, after the market closes. A live conference call to discuss these results will be conducted on Tuesday, May 2, 2023, at 1:00...
Apartment Income REIT: A Paired Trade Strategy For Growth, Tax Advantaged 5% Dividend
AIR Communities, new Apartment Income REIT, is a relatively new spin-off of a very mature, experienced real estate company. Their disciplined “Paired Trade” dynamic portfolio recycling initiative should serve them well in any interest rate or market environment.
AIR Communities Named a Kingsley Elite Five Multifamily Company for Customer Service Excellence
DENVER, March 22, 2023 (GLOBE NEWSWIRE) -- Apartment Income REIT Corp. ("AIR" or “AIR Communities”) (NYSE: AIRC) announced that it was named a Kingsley Excellence Elite Five multifamily company and a winner of the 2023 Kingsley Excellence Awards. This award...
Supporting Students in Affordable Housing: AIR Gives Opportunity Scholarship Now Open
Denver, CO, March 15, 2023 (GLOBE NEWSWIRE) -- Apartment Income REIT Corp. ("AIR" or “AIR Communities”) (NYSE: AIRC) is continuing its longstanding partnership with the National Leased Housing Association (NLHA) to offer the AIR Gives Opportunity Scholarship. The program serves...
Source: https://incomestatements.info
Category: Stock Reports