AIRC Stock - Apartment Income REIT Corp.
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Financial Statements
| Metric | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|
| Revenue | $820.04M | $773.72M | $740.85M | $719.56M | $914.29M |
| Gross Profit | $201.61M | $512.46M | $472.75M | $464.57M | $603.07M |
| Gross Margin | 24.6% | 66.2% | 63.8% | 64.6% | 66.0% |
| Operating Income | $166.97M | $174.26M | $165.29M | $41.71M | $169.00M |
| Net Income | $635.10M | $904.43M | $447.62M | $-114,572,000 | $474.08M |
| Net Margin | 77.4% | 116.9% | 60.4% | -15.9% | 51.9% |
| EPS | $4.29 | $5.86 | $2.90 | $-0.94 | $3.91 |
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. AIR is one of the country's largest owners and operators of apartments, with 99 communities in 12 states and the District of Columbia. AIR common shares are traded on the New York Stock Exchange under the ticker symbol AIRC, and are included in the S&P 400. For more information about AIR, please visit our website at www.aircommunities.com.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| March 18th 2024 | Raymond James | Downgrade | Market Perform | - |
| February 28th 2024 | Mizuho | Downgrade | Neutral | $31 |
| February 22nd 2024 | Goldman | Resumed | Neutral | $34 |
| October 24th 2023 | Raymond James | Initiation | Outperform | $37 |
| October 3rd 2023 | Wedbush | Initiation | Outperform | $37 |
| August 28th 2023 | Truist | Upgrade | Buy | $44 |
| July 18th 2023 | BMO Capital Markets | Upgrade | Outperform | $42← $39 |
| March 15th 2023 | BMO Capital Markets | Upgrade | Market Perform | $39 |
| January 24th 2023 | Wolfe Research | Initiation | Outperform | $39 |
| December 8th 2022 | Goldman | Upgrade | Buy | $43← $39 |
| October 19th 2022 | Jefferies | Resumed | Hold | $39← $44 |
| July 22nd 2022 | Jefferies | Downgrade | Hold | $44 |
| May 9th 2022 | BTIG Research | Initiation | Neutral | - |
Earnings History & Surprises
AIRCEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q3 2024 | Jul 25, 2024 | $0.03 | $0.58 | +1833.3% | ✓ BEAT |
Q2 2024 | May 8, 2024 | $0.58 | $-0.05 | -108.6% | ✗ MISS |
Q1 2024 | Feb 8, 2024 | $0.64 | $-0.11 | -117.2% | ✗ MISS |
Q4 2023 | Nov 2, 2023 | $0.62 | $4.43 | +614.5% | ✓ BEAT |
Q3 2023 | Jul 27, 2023 | $0.59 | $-0.01 | -101.7% | ✗ MISS |
Q2 2023 | May 1, 2023 | $0.58 | $-0.08 | -113.8% | ✗ MISS |
Q1 2023 | Feb 9, 2023 | $0.21 | $2.17 | +933.3% | ✓ BEAT |
Q4 2022 | Nov 3, 2022 | $0.58 | $0.01 | -98.3% | ✗ MISS |
Q3 2022 | Jul 28, 2022 | $0.22 | $1.26 | +472.7% | ✓ BEAT |
Q2 2022 | May 2, 2022 | $0.57 | $2.39 | +319.3% | ✓ BEAT |
Q1 2022 | Feb 9, 2022 | $0.56 | $2.37 | +323.2% | ✓ BEAT |
Q4 2021 | Oct 28, 2021 | $0.23 | $0.06 | -73.9% | ✗ MISS |
Q3 2021 | Jul 29, 2021 | $0.50 | $-0.12 | -124.0% | ✗ MISS |
Q2 2021 | Apr 29, 2021 | $0.03 | $0.56 | +1627.3% | ✓ BEAT |
Q1 2021 | Feb 10, 2021 | $0.44 | $-0.97 | -320.5% | ✗ MISS |
Q4 2020 | Nov 5, 2020 | — | $0.33 | — | — |
Q3 2020 | Sep 30, 2020 | — | $-0.21 | — | — |
Q1 2020 | Mar 31, 2020 | — | $0.06 | — | — |
Q4 2019 | Dec 31, 2019 | — | $1.11 | — | — |
Q3 2019 | Sep 30, 2019 | — | $0.02 | — | — |
Latest News
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