AIRC | Apartment Income REIT Corp. Stock Financials Income Statements Annual

(Stock Exchange: NYSE)

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Financial Year End	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31
Revenue	820.04M	773.72M	740.85M	719.56M	914.29M	972.41M	1.01B	995.85M	981.31M	984.36M	974.05M	1.03B	1.08B	1.14B	1.20B	1.46B	1.72B	1.69B	1.52B	1.47B	1.52B	1.51B	1.46B	1.10B	577.37M	401.24M	206.94M	108.88M	77.60M	28.20M
Cost of Revenue	618.42M	261.26M	268.10M	254.99M	311.22M	328.82M	354.38M	356.76M	365.25M	380.63M	380.01M	414.23M	460.40M	524.67M	539.81M	26.77M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	201.61M	512.46M	472.75M	464.57M	603.07M	643.59M	651.06M	639.09M	616.06M	603.74M	594.04M	618.96M	619.19M	620.27M	655.95M	1.43B	1.72B	1.69B	1.52B	1.47B	1.52B	1.51B	1.46B	1.10B	577.37M	401.24M	206.94M	108.88M	77.60M	28.20M
Operating Expenses	34.64M	384.96M	365.55M	435.23M	446.30M	427.83M	421.19M	392.30M	359.85M	339.57M	345.02M	410.45M	448.57M	489.41M	531.87M	1.23B	1.37B	1.35B	1.22B	1.14B	1.06B	1.25B	1.31B	1.02B	491.88M	336.26M	176.70M	107.18M	-47.50M	-17.30M
Selling, General & Admin	25.49M	24.94M	18.59M	40.42M	47.04M	46.27M	43.66M	44.94M	43.18M	44.20M	45.71M	49.60M	50.95M	53.37M	69.57M	99.04M	89.25M	101.70M	92.92M	78.09M	28.82M	20.34M	18.53M	18.12M	13.11M	14.65M	5.40M	1.51M	1.80M	1.70M
Research & Development	0	1.00	0	0	0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Other Operating Expenses	-34.64M	360.02M	346.96M	394.80M	399.26M	77.00K	7.69M	6.07M	387.00K	-829.00K	299.31M	360.85M	378.04M	426.06M	464.63M	1.10B	1.28B	1.25B	1.13B	1.06B	1.03B	1.23B	1.29B	999.19M	478.76M	321.61M	171.30M	105.66M	-49.30M	-19.00M
Operating Income	166.97M	174.26M	165.29M	41.71M	169.00M	215.76M	193.98M	246.80M	256.21M	262.35M	249.02M	200.16M	166.29M	130.51M	110.51M	204.77M	347.26M	337.15M	299.44M	328.76M	456.93M	253.97M	150.10M	83.38M	85.50M	64.98M	30.25M	1.71M	125.10M	45.50M
Other Expenses / Income	571.13M	849.98M	-5.25M	272.47M	335.89M	487.82M	122.26M	-182.52M	-11.76M	71.91M	-216.38M	-216.00M	-315.55M	-314.83M	-326.22M	-416.85M	31.78M	34.57M	32.98M	N/A	-6.42M	694.00K	-16.66M	5.33M	-2.82M	N/A	N/A	N/A	N/A	N/A
Before Tax Income	691.71M	973.97M	473.98M	-19.14M	504.89M	703.58M	15.39M	64.28M	63.87M	47.43M	32.64M	-15.84M	-149.27M	-184.32M	-215.71M	-212.08M	379.04M	371.72M	332.42M	N/A	450.52M	254.67M	133.44M	88.71M	82.68M	N/A	N/A	N/A	N/A	N/A
Income Tax Expenses	2.43M	3.92M	-5.25M	95.44M	-3.13M	-13.03M	-32.13M	-25.21M	-27.52M	-20.05M	-1.96M	-929.00K	-7.17M	-18.43M	-18.67M	-53.37M	317.35M	160.37M	228.46M	65.26M	298.08M	84.93M	42.75M	-15.80M	4.54M	508.00K	1.61M	-11.28M	111.70M	38.40M
Net Income	635.10M	904.43M	447.62M	-114.57M	474.08M	666.23M	315.77M	430.41M	248.71M	309.25M	207.29M	132.46M	-57.09M	-71.73M	-64.27M	415.46M	29.91M	176.79M	70.98M	263.50M	158.86M	169.05M	107.35M	99.18M	80.96M	64.47M	28.63M	12.98M	13.40M	7.10M
Interest Expenses	129.65M	116.46M	129.47M	160.36M	168.81M	200.63M	194.62M	196.39M	199.69M	220.97M	237.05M	246.76M	310.78M	312.58M	324.16M	368.71M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Basic Shares Outstanding	147.90M	154.09M	154.13M	122.45M	119.31M	122.10M	122.43M	122.18M	121.53M	114.06M	113.79M	105.23M	93.44M	91.14M	89.52M	69.46M	109.75M	78.54M	73.44M	72.87M	76.32M	67.18M	57.96M	53.19M	48.34M	35.39M	16.66M	9.73M	12.20M	8.02M
Diluted Shares Outstanding	150.22M	156.59M	154.50M	122.45M	119.53M	122.24M	122.81M	122.48M	121.84M	114.35M	113.98M	105.32M	93.44M	91.14M	89.52M	69.46M	109.75M	78.54M	73.44M	72.87M	76.32M	67.96M	57.96M	54.21M	49.62M	37.30M	16.66M	9.73M	12.20M	8.02M
EBITDA	509.56M	525.21M	485.03M	362.66M	549.17M	604.53M	612.07M	593.73M	569.85M	552.83M	557.91M	559.09M	540.98M	544.94M	565.81M	638.03M	815.82M	793.28M	678.54M	697.60M	798.43M	545.89M	531.14M	408.07M	239.48M	166.59M	73.77M	22.92M	140.30M	50.40M
EBITDA Margin	62.14%	67.88%	65.47%	50.40%	60.07%	62.17%	60.88%	59.62%	58.07%	56.16%	57.28%	54.11%	50.11%	47.60%	47.32%	43.76%	47.40%	46.91%	44.60%	47.49%	52.66%	36.24%	36.29%	37.07%	41.48%	41.52%	35.65%	21.05%	180.80%	178.72%
EBIT	767.18M	1.02B	571.84M	141.22M	639.75M	853.83M	478.26M	601.59M	420.87M	510.17M	442.38M	378.29M	246.53M	222.41M	241.22M	730.80M	347.26M	337.15M	299.44M	328.76M	456.93M	253.97M	150.10M	83.38M	85.50M	64.98M	30.25M	1.71M	125.10M	45.50M
EBIT Margin	93.55%	132.45%	77.19%	19.63%	69.97%	87.81%	47.57%	60.41%	42.89%	51.83%	45.42%	36.61%	22.84%	19.43%	20.17%	50.13%	20.18%	19.94%	19.68%	22.38%	30.14%	16.86%	10.26%	7.58%	14.81%	16.20%	14.62%	1.57%	161.21%	161.35%
Financial Year End	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31