Apartment Income REIT Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018
Revenue	820.04	773.72	740.85	719.56	770.6	840.25
Revenue Growth (YoY)	5.99%	4.44%	2.96%	-6.62%	-8.29%	-
Cost of Revenue	275.83	261.26	268.1	249.04	261.24	285.65
Gross Profit	544.2	512.46	472.75	470.52	509.36	554.6
Selling, General & Admin	25.49	24.94	18.59	46.38	49.62	49.64
Other Operating Expenses	368.48	360.02	346.96	442.08	334.02	328.82
Operating Expenses	393.98	384.96	365.55	488.46	383.64	378.46
Operating Income	150.23	127.5	107.21	-17.94	125.73	176.15
Interest Expense / Income	129.65	116.46	129.47	147.04	144.27	179.81
Other Expense / Income	-616.95	-897.31	-464.64	-156.29	-492.94	-656.54
Pretax Income	637.53	908.36	442.38	-8.69	474.39	652.88
Income Tax	2.43	3.92	-5.25	95.44	0.31	-13.35
Net Income	635.1	904.43	447.62	-104.13	474.08	666.23
Preferred Dividends	0.66	0.79	0.5	0.2	7.94	9.63
Net Income Common	634.44	903.64	447.12	-104.33	466.14	656.6
Net Income Growth	-29.79%	102.10%	-	-	-29.01%	-
Shares Outstanding (Basic)	148	154	154	122	119	122
Shares Outstanding (Diluted)	150	157	155	122	120	122
Shares Change	-4.07%	1.35%	26.18%	2.44%	-2.22%	-
EPS (Basic)	4.29	5.86	2.90	-0.85	3.91	5.38
EPS (Diluted)	4.27	5.81	2.89	-0.85	3.90	5.37
EPS Growth	-26.51%	101.04%	-	-	-27.37%	-
Free Cash Flow	-165.75	-647.11	-210.77	-203.45	-174.89	514.73
Free Cash Flow Per Share	-1.12	-4.20	-1.37	-1.66	-1.47	4.22
Dividend Per Share	1.350	1.800	1.740	-	-	-
Dividend Growth	-25.00%	3.45%	-	-	-	-
Gross Margin	66.36%	66.23%	63.81%	65.39%	66.10%	66.00%
Operating Margin	18.32%	16.48%	14.47%	-2.49%	16.32%	20.96%
Profit Margin	77.37%	116.79%	60.35%	-14.50%	60.49%	78.14%
Free Cash Flow Margin	-20.21%	-83.64%	-28.45%	-28.27%	-22.69%	61.26%
Effective Tax Rate	0.38%	0.43%	-1.19%	-	0.06%	-2.04%
EBITDA	1,110	1,376	891.58	532.02	998.83	1,210
EBITDA Margin	135.33%	177.81%	120.35%	73.94%	129.62%	144.06%
Depreciation & Amortization	342.59	350.95	319.74	393.67	380.17	377.79
EBIT	767.18	1,025	571.84	138.35	618.66	832.69
EBIT Margin	93.55%	132.45%	77.19%	19.23%	80.28%	99.10%

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).