Apartment Income REIT Corp. (AIRC) — Financial statements
Income statement, balance sheet, and cash flow for Apartment Income REIT Corp. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 820↑6.0% | 774↑4.4% | 741↑3.0% | 720↓21.3% | 914 | |
| Cost of Revenue | 618↑136.7% | 261↓2.6% | 268↑5.1% | 255↓18.1% | 311 | |
| Gross Profit | 202↓60.7% | 512↑8.4% | 473↑1.8% | 465↓23.0% | 603 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 25↑2.2% | 25↑34.2% | 19↓54.0% | 40↓14.1% | 47 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 25↑2.2% | 25↑34.2% | 19↓54.0% | 40↓14.1% | 47 | |
| Other Expenses | -35↓109.6% | 360↑3.8% | 347↓12.1% | 395↓1.1% | 399 | |
| Operating Expenses | 35↓91.0% | 385↑5.3% | 366↓16.0% | 435↓2.5% | 446 | |
| Total Costs & Expenses | 653↑1.1% | 646↑2.0% | 634↓8.2% | 690↓8.9% | 758 | |
| Operating Results | ||||||
| Operating Income | 167↓4.2% | 174↑5.4% | 165↑296.2% | 42↓75.3% | 169 | |
| Depreciation & Amortization | 343↓2.4% | 351↑9.8% | 320↓0.4% | 321↓15.6% | 380 | |
| EBITDA | 510↓3.0% | 525↑8.3% | 485↑33.7% | 363↓65.6% | 1,054 | |
| EBIT | 821↓24.7% | 1,090↑80.7% | 603↑414.1% | -192↓128.5% | 674 | |
| Interest & Other Income | ||||||
| Net Interest Income | -121↓83.3% | -66↑6.5% | -71↑52.1% | -148↑6.0% | -157 | |
| Interest Income | 8↓83.5% | 50↓14.3% | 59↑374.0% | 12↑8.3% | 11 | |
| Interest Expense | 130↑11.3% | 116↓10.0% | 129↓19.3% | 160↓5.0% | 169 | |
| Non-Operating Income | -701↑27.5% | -966↓678.0% | -124↓24.8% | -100↑80.3% | -505 | |
| Other Income / Expenses | 571↓32.8% | 850↑16302.3% | -5↓101.9% | 272↓18.9% | 336 | |
| Income Before Tax | 692↓29.0% | 974↑105.5% | 474↑2577.0% | -19↓103.8% | 505 | |
| Income Tax Expense | 2↓38.1% | 4↑174.8% | -5↓105.5% | 95↑3144.2% | -3 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 635↓29.8% | 904↑102.1% | 448↑490.7% | -115↓124.2% | 474 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 635↓29.8% | 904↑102.1% | 448↑490.7% | -115↓124.2% | 474 | |
| Bottom-Line Net Income | 635↓29.8% | 904↑102.1% | 448↑490.7% | -115↓124.2% | 474 | |
| EPS (Basic) | 4.29↓26.8% | 5.86↑102.1% | 2.90↑408.5% | -0.94↓124.0% | 3.91 | |
| EPS (Diluted) | 4.27↓26.5% | 5.81↑101.0% | 2.89↑407.4% | -0.94↓124.1% | 3.90 | |
| Weighted Average Shares | 148↓4.0% | 154↓0.0% | 154↑25.9% | 122↑2.6% | 119 | |
| Weighted Average Diluted Shares | 150↓4.1% | 157↑1.3% | 155↑26.2% | 122↑2.4% | 120 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.