AIRC Apartment Income REIT Corp

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

Price (delayed)

$30.35

Market cap

$4.53B

P/E Ratio

14.52

Dividend/share

$1.8

EPS

$2.09

Enterprise value

$8.08B

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 gross profit has grown by 14% YoY and by 4.3% from the previous quarter
AIRC's revenue is up by 11% year-on-year and by 3.9% since the previous quarter
The net income has dropped by 67% year-on-year and by 38% since the previous quarter
AIRC's EPS has dropped by 66% year-on-year and by 38% since the previous quarter
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
149.22M
Market cap
$4.53B
Enterprise value
$8.08B
Valuations
Price to earnings (P/E)
14.52
Price to book (P/B)
2.26
Price to sales (P/S)
5.41
EV/EBIT
17.38
EV/EBITDA
9.65
EV/Sales
9.68
Earnings
Revenue
$835.3M
EBIT
$464.99M
EBITDA
$837.66M
Free cash flow
-$368.74M
Per share
EPS
$2.09
Free cash flow per share
-$2.48
Book value per share
$13.4
Revenue per share
$5.61
TBVPS
$42.83
Balance sheet
Total assets
$6.41B
Total liabilities
$4.16B
Debt
$3.68B
Equity
$2B
Working capital
N/A
Liquidity
Debt to equity
1.84
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
4.24
Margins
EBITDA margin
100.3%
Gross margin
66.3%
Net margin
38.1%
Operating margin
16.6%
Efficiency
Return on assets
4.8%
Return on equity
15.4%
Return on invested capital
4.6%
Return on capital employed
N/A
Return on sales
55.7%
Dividend
Dividend yield
5.93%
DPS
$1.8
Payout ratio
86.1%

AIRC stock price

How has the Apartment Income REIT stock price performed over time
Intraday
-0.88%
1 week
-6.7%
1 month
-9.38%
1 year
-19.94%
YTD
-11.54%
QTD
-15.9%

Financial performance

How have Apartment Income REIT's revenue and profit performed over time
Revenue
$835.3M
Gross profit
$553.59M
Operating income
$138.27M
Net income
$318.61M
Gross margin
66.3%
Net margin
38.1%
The net margin has plunged by 70% YoY and by 41% from the previous quarter
The net income has dropped by 67% year-on-year and by 38% since the previous quarter
Apartment Income REIT's operating income has increased by 26% YoY and by 4.5% QoQ
The gross profit has grown by 14% YoY and by 4.3% from the previous quarter

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
14.52
P/B
2.26
P/S
5.41
EV/EBIT
17.38
EV/EBITDA
9.65
EV/Sales
9.68
AIRC's EPS has dropped by 66% year-on-year and by 38% since the previous quarter
The price to earnings (P/E) is 47% more than the last 4 quarters average of 10.0
The P/B is 12% lower than the last 4 quarters average of 2.6
AIRC's equity is down by 6% year-on-year and by 2.9% since the previous quarter
AIRC's price to sales (P/S) is 21% lower than its last 4 quarters average of 6.9
AIRC's revenue is up by 11% year-on-year and by 3.9% since the previous quarter

Efficiency

How efficient is Apartment Income REIT business performance
AIRC's ROE has plunged by 69% YoY and by 37% from the previous quarter
AIRC's ROA has shrunk by 68% YoY and by 39% QoQ
AIRC's return on sales has dropped by 60% year-on-year and by 31% since the previous quarter
The return on invested capital has dropped by 57% year-on-year and by 29% since the previous quarter

Dividends

What is AIRC's dividend history
DPS
$1.8
Dividend yield
5.93%
Payout ratio
86.1%
Recent dividends

Financial health

How did Apartment Income REIT financials performed over time
The total assets is 54% higher than the total liabilities
The total assets has decreased by 2.5% QoQ
The total liabilities has grown by 2.4% YoY but it has contracted by 2.3% from the previous quarter
The debt is 84% more than the equity
AIRC's debt to equity is up by 16% year-on-year
The debt has grown by 9% YoY

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