Apartment Income REIT Corp.
AIRCFinancial Statements
Income Statement (Annual)
Amounts in millions
2023
12/31/2023
Revenue
820
Cost of Revenue
618
Gross Profit
202
Gross Margin
24.6%
Operating Income
167
Operating Margin
20.4%
Net Income
635
Net Margin
77.4%
EPS (Basic)
$4.29
EPS (Diluted)
$4.27
EBITDA
510
EBITDA Margin
62.1%
2022
12/31/2022
Revenue
774
Cost of Revenue
261
Gross Profit
512
Gross Margin
66.2%
Operating Income
174
Operating Margin
22.5%
Net Income
904
Net Margin
116.9%
EPS (Basic)
$5.86
EPS (Diluted)
$5.81
EBITDA
525
EBITDA Margin
67.9%
2021
12/31/2021
Revenue
741
Cost of Revenue
268
Gross Profit
473
Gross Margin
63.8%
Operating Income
165
Operating Margin
22.3%
Net Income
448
Net Margin
60.4%
EPS (Basic)
$2.90
EPS (Diluted)
$2.89
EBITDA
485
EBITDA Margin
65.5%
2020
12/31/2020
Revenue
720
Cost of Revenue
255
Gross Profit
465
Gross Margin
64.6%
Operating Income
42
Operating Margin
5.8%
Net Income
-115
Net Margin
-15.9%
EPS (Basic)
$-0.94
EPS (Diluted)
$-0.94
EBITDA
363
EBITDA Margin
50.4%
2019
12/31/2019
Revenue
914
Cost of Revenue
311
Gross Profit
603
Gross Margin
66.0%
Operating Income
169
Operating Margin
18.5%
Net Income
474
Net Margin
51.9%
EPS (Basic)
$3.91
EPS (Diluted)
$3.90
EBITDA
1,054
EBITDA Margin
115.3%