Apartment Income REIT Corp.
AIRCDelisted Jun 28, 2024- Industry
- Real Estate Investment Trusts
- SEC CIK
- 0001820877
Apartment Income REIT Corp. was delisted on Jun 28, 2024; its insiders filed their last Form 4 on Jul 2, 2024; 290 institutions reported holding it in 13F filings for Q1 2024, worth $4.69B in total; no superinvestor held it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 8, 2026, 2:28 PM ET
Revenue flow, FY2023
Where the revenue went in FY2023, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|
| Period end | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
| Filing | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 8, 2024 | Feb 9, 2023 | Feb 9, 2022 | Feb 11, 2021 |
| Revenue | $820.0M | $773.7M | $740.9M | $719.6M |
| Cost of revenue | – | $261.3M | – | – |
| Operating expenses | $669.8M | $646.2M | $633.6M | $737.5M |
| Selling, general and administrative | $25.5M | $24.9M | $18.6M | $46.4M |
| Operating income | – | $127.5M | $107.2M | – |
| Interest expense | $129.7M | $116.5M | $129.5M | $160.4M |
| Income tax | $2.43M | $3.92M | -$5.25M | $95.4M |
| Net income | $635.1M | $904.4M | $447.6M | -$104.1M |
| EPS, basic | $4.29 | $5.86 | $2.90 | $-0.85 |
| EPS, diluted | $4.27 | $5.81 | $2.89 | $-0.85 |
| Weighted shares, basic | 147.9M | 154.1M | 154.1M | 122.4M |
| Weighted shares, diluted | 150.2M | 156.6M | 154.5M | 122.4M |
| Margins and growth | ||||
| Operating margin | – | 16.5% | 14.5% | – |
| Net margin | 77.4% | 116.9% | 60.4% | -14.5% |
| Revenue growth, year over year | +6.0% | +4.4% | +3.0% | – |
| Net income growth, year over year | −29.8% | +102.1% | – | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2023! | FY2022! | FY2021! | FY2020! |
|---|---|---|---|---|
| Period end | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
| Filing | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 8, 2024 | Feb 9, 2023 | Feb 9, 2022 | Feb 11, 2021 |
| Cash and equivalents | $91.4M | $95.8M | $67.3M | $44.2M |
| Goodwill | $32.3M | $32.3M | $32.3M | $32.3M |
| Intangible assets | – | – | – | $4.44M |
| Total assets | $6.13B | $6.55B | $6.44B | $6.23B |
| Long-term debt | $3.21B | $3.64B | $3.74B | $4.24B |
| Total liabilities | $3.51B | $4.16B | $4.42B | $4.84B |
| Shareholders' equity | $2.55B | $2.32B | $1.94B | $1.31B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|
| Period end | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
| Filing | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 8, 2024 | Feb 9, 2023 | Feb 9, 2022 | Feb 11, 2021 |
| Operating cash flow | $370.4M | $420.6M | $333.0M | $276.6M |
| Capital expenditures | $173.7M | $192.4M | $174.5M | $346.9M |
| Free cash flow | $196.7M | $228.2M | $158.5M | -$70.3M |
| Depreciation and amortization | $342.6M | $350.9M | $319.7M | $320.9M |
| Stock-based compensation | $8.87M | $7.46M | $7.36M | $8.29M |
| Dividends paid | $266.1M | $277.6M | $269.6M | $305.0M |
| Share buybacks | $124.4M | $316.7M | $0 | $10.0M |
| Investing cash flow | -$313.1M | $650.3M | $478.3M | -$350.0M |
| Financing cash flow | -$241.3M | -$862.2M | -$792.0M | -$26.0M |
| Net change in cash | -$183.9M | $208.6M | $19.3M | – |
| Ratio | ||||
| Stock-based compensation, % of revenue | 1.1% | 1.0% | 1.0% | 1.2% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| May 6, 2024 | 145.1M | −2.7% | SEC |
| Apr 22, 2024 | 145.1M | −2.7% | SEC |
| Feb 12, 2024 | 144.9M | −2.8% | SEC |
| Nov 1, 2023 | 147.0M | −2.0% | SEC |
| Jul 25, 2023 | 149.2M | −3.2% | SEC |
| Apr 28, 2023 | 149.2M | −5.0% | SEC |
| Feb 24, 2023 | 149.1M | −5.1% | SEC |
| Nov 2, 2022 | 149.9M | −4.5% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
- A column marked ! failed an accounting identity (gross profit = revenue − cost of revenue, or assets = liabilities + equity, within 1%). Its numbers are shown as filed.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.