AIRC Apartment Income REIT Corp

  1. Stocks
  2. Real Estate
  3. NYSE: AIRC

Price (delayed)

$38.4

Market cap

$5.56B

P/E Ratio

8.95

Dividend/share

$1.8

EPS

$4.29

Enterprise value

$8.66B

Apartment Income REIT Corp. (AIR) is a real estate investment trust focused on the ownership and management of quality apartment communities located in the largest markets in the United States. ...

Highlights
The price to earnings (P/E) is 12% less than the last 4 quarters average of 10.2
AIRC's revenue is up by 6% year-on-year
The debt has contracted by 12% YoY but it has grown by 2.6% from the previous quarter
AIRC's equity is up by 9% year-on-year but it is down by 6% since the previous quarter
AIRC's EPS is down by 35% since the previous quarter and by 27% year-on-year
The net income is down by 35% since the previous quarter and by 30% year-on-year
Sector: Real Estate
Industry: REIT - Residential
Website: http://www.aircommunities.com
Peers: MGRC

Key stats

What are the main financial stats of AIRC
Market
Shares outstanding
144.92M
Market cap
$5.56B
Enterprise value
$8.66B
Valuations
Price to earnings (P/E)
8.95
Price to book (P/B)
2.4
Price to sales (P/S)
6.93
EV/EBIT
11.29
EV/EBITDA
7.8
EV/Sales
10.56
Earnings
Revenue
$820.04M
EBIT
$767.18M
EBITDA
$1.11B
Free cash flow
-$165.75M
Per share
EPS
$4.29
Free cash flow per share
-$1.12
Book value per share
$16
Revenue per share
$5.54
TBVPS
$41.26
Balance sheet
Total assets
$6.13B
Total liabilities
$3.51B
Debt
$3.21B
Equity
$2.35B
Working capital
N/A
Liquidity
Debt to equity
1.37
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
2.79
Margins
EBITDA margin
135.3%
Gross margin
66.4%
Net margin
77.4%
Operating margin
18.3%
Efficiency
Return on assets
9.9%
Return on equity
28.5%
Return on invested capital
7.9%
Return on capital employed
N/A
Return on sales
93.6%
Dividend
Dividend yield
4.69%
DPS
$1.8
Payout ratio
42%

AIRC stock price

How has the Apartment Income REIT stock price performed over time
Intraday
0%
1 week
0.26%
1 month
21.29%
1 year
7.44%
YTD
10.57%
QTD
18.26%

Financial performance

How have Apartment Income REIT's revenue and profit performed over time
Revenue
$820.04M
Gross profit
$544.2M
Operating income
$150.23M
Net income
$635.1M
Gross margin
66.4%
Net margin
77.4%
The net income is down by 35% since the previous quarter and by 30% year-on-year
The net margin has contracted by 34% from the previous quarter and by 34% YoY
Apartment Income REIT's operating income has increased by 18% YoY
The operating margin has grown by 11% YoY

Growth

What is Apartment Income REIT's growth rate over time

Valuation

What is Apartment Income REIT stock price valuation
AIRC P/E details
P/E
8.95
P/B
2.4
P/S
6.93
EV/EBIT
11.29
EV/EBITDA
7.8
EV/Sales
10.56
AIRC's EPS is down by 35% since the previous quarter and by 27% year-on-year
The price to earnings (P/E) is 12% less than the last 4 quarters average of 10.2
AIRC's equity is up by 9% year-on-year but it is down by 6% since the previous quarter
The P/B is 4.3% higher than the last 4 quarters average of 2.3
AIRC's price to sales (P/S) is 12% higher than its last 4 quarters average of 6.2
AIRC's revenue is up by 6% year-on-year

Efficiency

How efficient is Apartment Income REIT business performance
AIRC's ROE is down by 37% from the previous quarter and by 33% YoY
AIRC's ROA is down by 34% QoQ and by 29% YoY
AIRC's return on sales is down by 31% since the previous quarter and by 29% year-on-year
The return on invested capital has declined by 31% since the previous quarter and by 24% year-on-year

Dividends

What is AIRC's dividend history
DPS
$1.8
Dividend yield
4.69%
Payout ratio
42%
Recent dividends

Financial health

How did Apartment Income REIT financials performed over time
The total assets is 75% higher than the total liabilities
The total liabilities has contracted by 16% YoY and by 2.9% from the previous quarter
The total assets has decreased by 6% YoY and by 4.1% QoQ
The debt is 37% more than the equity
AIRC's debt to equity is down by 19% year-on-year but it is up by 10% since the previous quarter
The debt has contracted by 12% YoY but it has grown by 2.6% from the previous quarter

All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise specified.