Apartment Income REIT Corp. (AIRC) Financial Statements (2024 and earlier)

Company Profile

Business Address 4582 S. ULSTER STREET, SUITE 1700
DENVER, CO 80237
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments106,630106,34990,21495,79787,73274,949
Cash and cash equivalents106,630106,34990,21495,79787,73274,949
Receivables   69,944  
Total current assets:106,630106,34990,214165,74187,73274,949
Noncurrent Assets
Operating lease, right-of-use asset   126,020  
Property, plant and equipment1,285,3981,345,0861,395,1401,291,4291,296,2231,200,540
Long-term investments and receivables    158,726  
Long-term investments    158,726  
Intangible assets, net (including goodwill)32,28632,28632,28632,28632,28632,286
Goodwill32,28632,28632,28632,28632,28632,286
Total noncurrent assets:1,317,6841,377,3721,427,4261,608,4611,328,5091,232,826
Other undisclosed assets4,974,9354,923,2895,054,7074,777,6815,306,2125,125,510
TOTAL ASSETS:6,399,2496,407,0106,572,3476,551,8836,722,4536,433,285
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities3,611,3814,160,9774,260,3024,155,4344,451,0814,065,130
Total liabilities:3,611,3814,160,9774,260,3024,155,4344,451,0814,065,130
Temporary equity, carrying amount77,14077,14377,14377,14379,33079,330
Equity
Equity, attributable to parent, including:2,507,4641,999,4652,059,6152,156,4172,043,1802,132,449
Preferred stock2,0002,0002,0002,0002,0002,000
Common stock1,4701,4921,4921,4911,5301,542
Additional paid in capital3,355,3163,430,7313,432,5733,436,6353,583,1113,636,906
Accumulated other comprehensive income24,79439,34329,07043,56245,94813,750
Other undisclosed equity, attributable to parent(876,116)(1,474,101)(1,405,520)(1,327,271)(1,589,409)(1,521,749)
Equity, attributable to noncontrolling interest203,264169,425175,287162,889148,862156,376
Total equity:2,710,7282,168,8902,234,9022,319,3062,192,0422,288,825
TOTAL LIABILITIES AND EQUITY:6,399,2496,407,0106,572,3476,551,8836,722,4536,433,285

Income Statement (P&L) ($ in thousands)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Revenues197,307214,560211,993207,874200,871183,500
Operating lease, lease income193,571211,971209,624205,179197,650180,553
Other undisclosed gross profit    (261,264)  
Gross profit:197,307214,560211,993(53,390)200,871183,500
Operating expenses(158,771)(169,814) (646,221)  
Operating income (loss):38,53644,746211,993(699,611)200,871183,500
Nonoperating income
(Investment Income, Nonoperating)
2,9181,5071,5251,5189,61325,652
Interest and debt expense(22,888)(37,554)(34,179)(35,669)(32,656)(26,027)
Income (loss) from continuing operations before equity method investments, income taxes:18,5668,699179,339(733,762)177,828183,125
Other undisclosed income (loss) from continuing operations before income taxes696,541(6,924)(189,148)1,090,330(174,386)30,033
Income (loss) from continuing operations before income taxes:715,1071,775(9,809)356,5683,442213,158
Income tax expense (benefit)(4,595)(1,177)(139)(2,957)  
Income (loss) from continuing operations:710,512598(9,948)353,6113,442213,158
Income before gain (loss) on sale of properties:3,442213,158
Other undisclosed net loss     (46)(1,499)
Net income (loss):710,512598(9,948)353,6113,396211,659
Net income (loss) attributable to noncontrolling interest(46,481)(1,939)(1,429)107,193(1,637)(14,732)
Other undisclosed net loss attributable to parent    (131,236)  
Net income (loss) attributable to parent:664,031(1,341)(11,377)329,5681,759196,927
Preferred stock dividends and other adjustments(44)(42)(43)(44)(43)(43)
Other undisclosed net income (loss) available to common stockholders, basic(391)(56)(37)(245)44(162)
Net income (loss) available to common stockholders, basic:663,596(1,439)(11,457)329,2791,760196,722
Dilutive securities, effect on basic earnings per share1,570  1,581  
Net income (loss) available to common stockholders, diluted:665,166(1,439)(11,457)330,8601,760196,722

Comprehensive Income ($ in thousands)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Net income (loss):710,512598(9,948)353,6113,396211,659
Other comprehensive income (loss)(16,422)11,267(15,594)(2,539)34,94015,704
Comprehensive income (loss):694,09011,865(25,542)351,07238,336227,363
Comprehensive loss, net of tax, attributable to noncontrolling interest(44,608)(2,933)(327)(23,890)(4,379)(15,903)
Comprehensive income (loss), net of tax, attributable to parent:649,4828,932(25,869)327,18233,957211,460

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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