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Apartment Income REIT Corp

Real Estate US AIRC

NoneUSD
-(-%)

Last update at 2024-07-25T17:03:05.066230Z

Day Range

--
LowHigh

52 Week Range

27.8038.22
LowHigh

Fundamentals

  • Previous Close -
  • Market Cap5097.72M
  • VolumeNone
  • P/E Ratio5.35
  • Dividend Yield5.24%
  • EBITDA500.49M
  • Revenue TTM818.75M
  • Revenue Per Share TTM5.50
  • Gross Profit TTM 508.95M
  • Diluted EPS TTM6.48

Analyst Recommendations

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 973.97M 473.98M -19.13500M 504.89M 703.58M
Minority interest -65.61800M -31.60300M 80.69M 181.93M 181.93M
Net income 904.43M 447.62M -114.57200M 474.08M 666.23M
Selling general administrative 24.94M 18.59M 40.42M 47.04M 46.27M
Selling and marketing expenses - - - - -
Gross profit 512.46M 472.75M 464.57M 603.07M 643.59M
Reconciled depreciation 350.94M 319.74M 320.94M 380.17M 377.79M
Ebit 174.26M 165.29M 41.71M 169.00M 226.75M
Ebitda 525.21M 485.03M 362.66M 549.17M 604.53M
Depreciation and amortization 350.94M 319.74M 320.94M 380.17M 377.79M
Non operating income net other 26.63M -98.05600M - - -
Operating income 174.26M 165.29M 41.71M 169.00M 215.76M
Other operating expenses 646.22M 633.65M 690.22M 757.52M 756.65M
Interest expense 116.46M 129.47M 160.36M 168.81M 200.63M
Tax provision 3.92M -5.24600M 95.44M -3.13500M -13.02700M
Interest income 50.26M 58.65M 12.37M 11.42M 10.91M
Net interest income -66.19500M -70.81600M -147.98500M -157.38300M -189.72000M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 3.92M -5.24600M 95.44M -3.13500M -13.02700M
Total revenue 773.72M 740.85M 719.56M 914.29M 972.41M
Total operating expenses 384.96M 365.55M 435.23M 446.30M 427.83M
Cost of revenue 261.26M 268.10M 254.99M 311.22M 328.82M
Total other income expense net 799.71M 308.69M -60.84900M 335.89M 677.54M
Discontinued operations - - 11.23M 19.50M 20.99M
Net income from continuing ops 970.05M 479.22M -114.57200M 508.03M 716.60M
Net income applicable to common shares 903.64M 447.12M -104.32900M 466.14M 656.60M
Preferred stock and other adjustments 0.17M 0.18M - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 6551.88M 6440.36M 6229.28M 6832.89M 6190.00M
Intangible assets - - 4.44M - -
Earning assets - - - - -
Other current assets 205.61M 171.93M 40.24M 47.57M 103.79M
Total liab 4155.43M 4421.84M 4841.74M 4870.31M 4325.07M
Total stockholder equity 2156.42M 1813.03M 1306.85M 1780.65M 1699.42M
Deferred long term liab - - 67.44M 21.98M 45.22M
Other current liab 513.80M 678.55M 598.74M 364.72M 249.41M
Common stock 1.49M 1.57M 1.49M 1.49M 1.49M
Capital stock 3.49M 3.70M 3.49M 1.49M 126.49M
Retained earnings -1327.27100M -1953.77900M -2131.79800M -1722.40200M -1947.50700M
Other liab - - 0.01M 148.23M -
Good will 32.29M 32.29M 32.29M 37.81M 37.81M
Other assets 4438.37M 4046.01M 6152.78M 196.74M 112.28M
Cash 95.80M 67.32M 44.21M 142.90M 36.86M
Cash and equivalents - - - - -
Total current liabilities 975.80M 982.55M 864.34M 639.72M 409.77M
Current deferred revenue - - - - -
Net debt 3545.83M 3675.97M 4198.79M 4362.69M 4038.81M
Short term debt 462.00M 304.00M 265.60M 275.00M 160.36M
Short long term debt 462.00M 1448.55M 265.60M 275.00M 160.36M
Short long term debt total 3641.63M 3743.29M 4243.00M 4505.59M 4075.66M
Other stockholder equity 3436.64M 3763.11M 3432.12M 3497.37M 3515.64M
Property plant equipment 5626.51M 5066.64M 5070.14M 5145.05M 5723.48M
Total current assets 301.40M 773.38M 607.61M 177.70M 114.99M
Long term investments 158.73M 337.80M 407.51M 387.27M 96.24M
Net tangible assets 2199.27M 1778.61M 1261.60M 1716.90M 1512.69M
Short term investments - - - - -
Net receivables 69.94M 534.13M 534.13M 62.25M 55.63M
Long term debt 3179.63M 3743.29M 3977.40M 4230.59M 3915.30M
Inventory -69.94400M - - - -81.28700M
Accounts payable 513.80M 592.77M - - -
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity 162.89M 126.13M - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 43.56M - 3.04M 4.20M 4.79M
Additional paid in capital - - - - -
Common stock total equity 1.49M 1.57M 1.49M 1.49M 1.49M
Preferred stock total equity 2.00M 2.13M - - -
Retained earnings total equity -1327.27100M -1953.77900M - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 6049.11M 568.05M 576.03M 317.81M 5855.60M
Deferred long term asset charges - - - - -
Non current assets total 6250.48M 5666.98M 5621.67M 6655.18M 6075.02M
Capital lease obligations - - - - -
Long term debt total 3641.63M 3743.29M - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments 650.26M 100.85M -349.99900M -205.41300M 121.85M
Change to liabilities -26.71300M -17.55400M 12.67M 2.80M 1.68M
Total cashflows from investing activities 650.26M 478.28M -349.99900M -205.41300M 121.85M
Net borrowings -208.85400M -1969.25600M 211.42M 364.63M 119.87M
Total cash from financing activities -862.17000M -791.95700M -26.03700M -63.95200M -588.18000M
Change to operating activities - - - - -
Net income 970.05M 479.22M -103.34400M 508.03M 716.60M
Change in cash 208.64M 19.28M -93.06100M 105.11M -69.94600M
Begin period cash flow 92.76M 73.48M 166.54M 72.59M 142.54M
End period cash flow 301.40M 92.76M 73.48M 177.70M 72.59M
Total cash from operating activities 420.56M 332.96M 276.65M 374.47M 396.39M
Issuance of capital stock 0.00000M 342.60M - - -
Depreciation 350.94M 319.74M 320.94M 380.17M 377.79M
Other cashflows from investing activities 1782.76M 915.98M -140.82600M -419.69400M -34.18400M
Dividends paid 277.55M 269.78M 304.99M 244.53M 246.10M
Change to inventory - - - - -1.68100M
Change to account receivables 27.86M -19.64600M -57.88100M -26.02100M -27.83000M
Sale purchase of stock -316.71000M 1186.88M -10.00400M -145.68200M -373.59300M
Other cashflows from financing activities 531.63M -209.08600M 121.73M -42.97200M -63.62900M
Change to netincome -549.49300M -146.26800M 103.41M -407.13800M -581.01800M
Capital expenditures 192.40M 174.50M 346.91M 393.46M 340.49M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes 208.64M 19.28M - - -
Change in working capital 1.15M -37.20000M -45.20900M -23.22300M -26.14900M
Stock based compensation - 7.36M 8.29M 8.15M 8.55M
Other non cash items -905.51200M -430.92400M 0.53M -495.51400M -667.37500M
Free cash flow 228.15M 158.46M -70.26500M -18.98900M 55.90M

Peer Comparison

Sector: Real Estate Industry: REIT - Residential

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
AIRC
Apartment Income REIT Corp		 - -% - 5.35 714.29 5.97 1.93 9.46 5.05
AVB
AvalonBay Communities Inc		 -0.98 0.48% 205.08 28.56 34.97 9.75 2.25 12.45 17.28
EQR
Equity Residential		 0.27 0.39% 70.28 35.33 38.31 8.20 2.12 10.94 13.97
INVH
Invitation Homes Inc		 -2.165 6.02% 33.80 42.22 44.44 8.97 2.05 12.04 19.45
SUI
Sun Communities Inc		 1.60 1.31% 123.99 73.72 58.48 5.47 2.11 7.63 19.90

Reports Covered

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Profile

Apartment Income REIT Corp (NYSE: AIRC) is a publicly traded, self-administered real estate investment trust ("REIT"). AIR's portfolio comprises 75 communities totaling 26,623 apartment homes located in 10 states and the District of Columbia. AIR offers a simple, predictable business model with focus on what we call the AIR Edge, the cumulative result of our focus on resident selection, satisfaction, and retention, as well as relentless innovation in delivering best-in-class property management. The AIR Edge is a durable operating advantage in driving organic growth, as well as making possible the opportunity for excess returns for properties new to AIR's platform.

Apartment Income REIT Corp

4582 South Ulster Street, Denver, CO, United States, 80237

Key Executives

Name Title Year Born
Mr. Terry Considine J.D. CEO & Director 1948
Ms. Lisa R. Cohn Pres, Gen. Counsel & Sec. 1969
Mr. Paul L. Beldin CPA, CPA Exec. VP, CFO & Principal Accounting Officer 1974
Mr. Keith M. Kimmel Pres of Property Operations 1972
Mr. Joshua Minix Exec. VP & Co-Chief Investment Officer NA
Mr. John McGrath Exec. VP of Strategy, Capital Allocation & Co-Chief Investment Officer 1972
Ms. Mary C. Jensen Head of Investor Relations NA
Ms. Patti Shwayder Sr. VP & Chief Corp. Responsibility Officer NA
Mr. Stephen D. Crane Sr. VP of Property Tax NA
Mr. Matthew O'Grady Sr. VP of Capital Markets NA

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