Apartment Income REIT Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year Ending	TTM	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	2018
Revenue	803.85	820.04	773.72	740.85	719.56	770.6	Upgrade
Revenue Growth (YoY)	-0.05%	5.99%	4.44%	2.96%	-6.62%	-8.29%	Upgrade
Cost of Revenue	268.12	275.83	261.26	268.1	249.04	261.24	Upgrade
Gross Profit	535.73	544.2	512.46	472.75	470.52	509.36	Upgrade
Selling, General & Admin	28.65	25.49	24.94	18.59	46.38	49.62	Upgrade
Other Operating Expenses	360.01	368.48	360.02	346.96	442.08	334.02	Upgrade
Operating Expenses	388.66	393.98	384.96	365.55	488.46	383.64	Upgrade
Operating Income	147.07	150.23	127.5	107.21	-17.94	125.73	Upgrade
Interest Expense / Income	128.75	129.65	116.46	129.47	147.04	144.27	Upgrade
Other Expense / Income	-624.17	-616.95	-897.31	-464.64	-156.29	-492.94	Upgrade
Pretax Income	642.49	637.53	908.36	442.38	-8.69	474.39	Upgrade
Income Tax	2.61	2.43	3.92	-5.25	95.44	0.31	Upgrade
Net Income	639.89	635.1	904.43	447.62	-104.13	474.08	Upgrade
Preferred Dividends	0.56	0.66	0.79	0.5	0.2	7.94	Upgrade
Net Income Common	639.33	634.44	903.64	447.12	-104.33	466.14	Upgrade
Net Income Growth	23.83%	-29.79%	102.10%	-	-	-29.01%	Upgrade
Shares Outstanding (Basic)	145	148	154	154	122	119	Upgrade
Shares Outstanding (Diluted)	145	150	157	155	122	120	Upgrade
Shares Change	-2.86%	-4.07%	1.35%	26.18%	2.44%	-2.22%	Upgrade
EPS (Basic)	4.34	4.29	5.86	2.90	-0.85	3.91	Upgrade
EPS (Diluted)	4.29	4.27	5.81	2.89	-0.85	3.90	Upgrade
EPS Growth	29.22%	-26.51%	101.04%	-	-	-27.37%	Upgrade
Free Cash Flow	-72.97	-165.75	-647.11	-210.77	-203.45	-174.89	Upgrade
Free Cash Flow Per Share	-0.51	-1.12	-4.20	-1.37	-1.66	-1.47	Upgrade
Dividend Per Share	0.900	1.350	1.800	1.740	-	-	Upgrade
Dividend Growth	-50.00%	-25.00%	3.45%	-	-	-	Upgrade
Gross Margin	66.65%	66.36%	66.23%	63.81%	65.39%	66.10%	Upgrade
Operating Margin	18.30%	18.32%	16.48%	14.47%	-2.49%	16.32%	Upgrade
Profit Margin	79.53%	77.37%	116.79%	60.35%	-14.50%	60.49%	Upgrade
Free Cash Flow Margin	-9.08%	-20.21%	-83.64%	-28.45%	-28.27%	-22.69%	Upgrade
Effective Tax Rate	0.41%	0.38%	0.43%	-1.19%	-	0.06%	Upgrade
EBITDA	1,098	1,110	1,376	891.58	532.02	998.83	Upgrade
EBITDA Margin	136.58%	135.33%	177.81%	120.35%	73.94%	129.62%	Upgrade
Depreciation & Amortization	326.68	342.59	350.95	319.74	393.67	380.17	Upgrade
EBIT	771.24	767.18	1,025	571.84	138.35	618.66	Upgrade
EBIT Margin	95.94%	93.55%	132.45%	77.19%	19.23%	80.28%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).