AIRC Apartment Income REIT Corp

Price (delayed)

$38.72

Market cap

$5.62B

P/E Ratio

8.92

Dividend/share

$1.8

EPS

$4.34

Enterprise value

$8.85B

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
AIRC's EPS is up by 29% year-on-year
The net income is up by 24% year-on-year
AIRC's equity is up by 11% year-on-year but it is down by 3.1% since the previous quarter
The debt has contracted by 10% YoY but it has grown by 4.3% from the previous quarter

Key stats

What are the main financial stats of AIRC
Market
Shares outstanding
145.1M
Market cap
$5.62B
Enterprise value
$8.85B
Valuations
Price to book (P/B)
2.46
Price to sales (P/S)
6.96
EV/EBIT
11.48
EV/EBITDA
8.06
EV/Sales
11.01
Earnings
Revenue
$803.85M
EBIT
$771.24M
EBITDA
$1.1B
Free cash flow
-$72.97M
Per share
EPS
$4.34
Free cash flow per share
-$0.5
Book value per share
$15.73
Revenue per share
$5.56
TBVPS
$42.66
Balance sheet
Total assets
$6.2B
Total liabilities
$3.65B
Debt
$3.35B
Equity
$2.28B
Working capital
N/A
Liquidity
Debt to equity
1.47
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
2.95
Margins
EBITDA margin
136.6%
Gross margin
66.6%
Net margin
79.6%
Operating margin
18.3%
Efficiency
Return on assets
10.2%
Return on equity
28%
Return on invested capital
8.1%
Return on capital employed
N/A
Return on sales
95.9%
Dividend
Dividend yield
4.65%
DPS
$1.8
Payout ratio
41.5%

AIRC stock price

How has the Apartment Income REIT stock price performed over time
Intraday
0.16%
1 week
0.31%
1 month
0.96%
1 year
9.84%
YTD
11.49%
QTD
19.25%

Financial performance

How have Apartment Income REIT's revenue and profit performed over time
Revenue
$803.85M
Gross profit
$535.73M
Operating income
$147.07M
Net income
$639.89M
Gross margin
66.6%
Net margin
79.6%
The net income is up by 24% year-on-year
The net margin has grown by 24% YoY and by 2.8% from the previous quarter
The operating margin has grown by 10% YoY
Apartment Income REIT's operating income has increased by 9% YoY but it has decreased by 2.1% QoQ

Growth

What is Apartment Income REIT's growth rate over time

Valuation

What is Apartment Income REIT stock price valuation
P/E
8.92
P/B
2.46
P/S
6.96
EV/EBIT
11.48
EV/EBITDA
8.06
EV/Sales
11.01
AIRC's EPS is up by 29% year-on-year
The price to earnings (P/E) is 5% less than the last 4 quarters average of 9.4
The P/B is 12% higher than the last 4 quarters average of 2.2
AIRC's equity is up by 11% year-on-year but it is down by 3.1% since the previous quarter
AIRC's price to sales (P/S) is 16% higher than its last 4 quarters average of 6.0

Efficiency

How efficient is Apartment Income REIT business performance
AIRC's ROA is up by 29% YoY and by 3% QoQ
The return on invested capital is up by 25% year-on-year and by 2.5% since the previous quarter
AIRC's return on sales is up by 18% year-on-year and by 2.5% since the previous quarter
AIRC's ROE is up by 14% YoY

Dividends

What is AIRC's dividend history
DPS
$1.8
Dividend yield
4.65%
Payout ratio
41.5%
Recent dividends

Financial health

How did Apartment Income REIT financials performed over time
The total assets is 70% higher than the total liabilities
The total liabilities has contracted by 14% YoY but it has grown by 4.1% from the previous quarter
The total assets has decreased by 6% YoY
The debt is 47% more than the equity
AIRC's debt to equity is down by 19% year-on-year but it is up by 7% since the previous quarter
AIRC's equity is up by 11% year-on-year but it is down by 3.1% since the previous quarter

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