Apartment Income REIT Corp. (AIRC)
Total Valuation
AIRC has a market cap or net worth of $5.11 billion. The enterprise value is $8.10 billion.
| Market Cap | 5.11B |
| Enterprise Value | 8.10B |
Important Dates
The next estimated earnings date is Thursday, February 8, 2024, after market close.
| Earnings Date | Feb 8, 2024 |
| Ex-Dividend Date | Nov 16, 2023 |
Share Statistics
AIRC has 146.99 million shares outstanding. The number of shares has decreased by -2.60% in one year.
| Shares Outstanding | 146.99M |
| Shares Change (YoY) | -2.60% |
| Shares Change (QoQ) | +0.82% |
| Owned by Insiders (%) | 0.57% |
| Owned by Institutions (%) | 105.45% |
| Float | 146.42M |
Valuation Ratios
The trailing PE ratio is 5.37 and the forward PE ratio is 108.09. AIRC's PEG ratio is 839.32.
| PE Ratio | 5.37 |
| Forward PE | 108.09 |
| PS Ratio | 6.14 |
| Forward PS | 6.12 |
| PB Ratio | 2.04 |
| P/FCF Ratio | n/a |
| PEG Ratio | 839.32 |
Enterprise Valuation
| EV / Earnings | 8.26 |
| EV / Sales | 9.74 |
| EV / EBITDA | 5.46 |
| EV / EBIT | 7.22 |
| EV / FCF | n/a |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | 1.25 |
| Debt / EBITDA | 2.11 |
| Debt / FCF | n/a |
| Interest Coverage | 8.48 |
Financial Efficiency
Return on equity (ROE) is 44.90% and return on invested capital (ROIC) is 2.64%.
| Return on Equity (ROE) | 44.90% |
| Return on Assets (ROA) | 15.10% |
| Return on Capital (ROIC) | 2.64% |
| Revenue Per Employee | $1.11M |
| Profits Per Employee | $1.31M |
| Employee Count | 750 |
| Asset Turnover | 0.13 |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, AIRC has paid $8.87 million in taxes.
| Income Tax | 8.87M |
| Effective Tax Rate | 0.90% |
Stock Price Statistics
The stock price has increased by +1.02% in the last 52 weeks. The beta is 0.91, so AIRC's price volatility has been similar to the market average.
| Beta (1Y) | 0.91 |
| 52-Week Price Change | +1.02% |
| 50-Day Moving Average | 31.40 |
| 200-Day Moving Average | 33.65 |
| Relative Strength Index (RSI) | 65.33 |
| Average Volume (30 Days) | 1,170,546 |
Short Selling Information
The latest short interest is 4.33 million, so 2.95% of the outstanding shares have been sold short.
| Short Interest | 4.33M |
| Short Previous Month | 1.83M |
| Short % of Shares Out | 2.95% |
| Short % of Float | 2.96% |
| Short Ratio (days to cover) | 3.03 |
Income Statement
In the last 12 months, AIRC had revenue of $831.73 million and earned $979.98 million in profits. Earnings per share was $6.47.
| Revenue | 831.73M |
| Gross Profit | 555.30M |
| Operating Income | 150.23M |
| Pretax Income | 989.75M |
| Net Income | 979.98M |
| EBITDA | 1.48B |
| EBIT | 1.12B |
| Earnings Per Share (EPS) | $6.47 |
Balance Sheet
The company has $134.17 million in cash and $3.13 billion in debt, giving a net cash position of -$2.99 billion or -$20.37 per share.
| Cash & Cash Equivalents | 134.17M |
| Total Debt | 3.13B |
| Net Cash | -2.99B |
| Net Cash Per Share | -$20.37 |
| Equity / Book Value | 2.51B |
| Book Value Per Share | 17.06 |
| Working Capital | n/a |
Cash Flow
In the last 12 months, operating cash flow was $370.85 million and capital expenditures -$538.29 million, giving a free cash flow of -$167.44 million.
| Operating Cash Flow | 370.85M |
| Capital Expenditures | -538.29M |
| Free Cash Flow | -167.44M |
| FCF Per Share | -$1.14 |
Margins
Gross margin is 66.76%, with operating and profit margins of 18.06% and 117.82%.
| Gross Margin | 66.76% |
| Operating Margin | 18.06% |
| Pretax Margin | 119.00% |
| Profit Margin | 117.82% |
| EBITDA Margin | 178.34% |
| EBIT Margin | 134.90% |
| FCF Margin | -20.13% |
Dividends & Yields
This stock pays an annual dividend of $1.80, which amounts to a dividend yield of 5.18%.
| Dividend Per Share | $1.80 |
| Dividend Yield | 5.18% |
| Earnings Yield | 19.20% |
| FCF Yield | -3.28% |
| Dividend Growth (YoY) | n/a |
| Payout Ratio | 27.82% |
| Buyback Yield | 2.60% |
| Shareholder Yield | 7.79% |
Analyst Forecast
The average price target for AIRC is $38.14, which is 9.82% higher than the current price. The consensus rating is "Strong Buy".
| Price Target | $38.14 |
| Price Target Difference | 9.82% |
| Analyst Consensus | Strong Buy |
| Analyst Count | 8 |
| Revenue Growth Forecast (5Y) | 5.23% |
| EPS Growth Forecast (5Y) | -36.03% |
Stock Splits
This stock does not have any record of stock splits.
| Last Split Date | Dec 1, 2020 |
| Split Type | n/a |
| Split Ratio | 1:1 |
Scores
| Altman Z-Score | n/a |
| Piotroski F-Score | 6 |