AIRC — Apartment Income REIT Income Statement

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Annual income statement for Apartment Income REIT, fiscal year end - December 31st, USD millions except per share, conversion factor applied.

	2019 December 31st	2020 December 31st	2021 December 31st	2022 December 31st	2023 December 31st
Period Length:	12 M	12 M	12 M	12 M	12 M
Source:	10-K	10-K	10-K	10-K	10-K
Standards:	USG	USG	USG	USG	USG
Status:	Final	Final	Final	Final	Final
Revenue
Total Revenue	771	720	741	774	820
Cost of Revenue
Gross Profit	509	471	473	512	544
Selling / General / Administrative Expenses
Depreciation and Amortization
Unusual Expense / Income
Other Operating Expenses
Total Operating Expenses	645	737	790	670	672
Operating Profit	126	-17.9	-49.5	104	148
Gain / Loss on Sale of Assets
Total Net Non Operating Interest Income / Expense
Net Income Before Taxes	489	-19.1	474	974	692
Provision for Income Taxes
Net Income After Taxes	489	-115	479	970	689
Minority Interest
Net Income Before Extraordinary Items
Extraordinary Items
Net Income	474	-104	448	904	635
Adjustments to Net Income
Income Available to Common Shareholders Excluding Extraordinary Items
Income Available to Common Shareholders Including Extraordinary Items
Diluted Net Income	466	-104	447	904	634
Diluted Weighted Average Shares
Basic EPS Including Extraordinary Items
Diluted EPS Including Extraordinary Items
Diluted EPS Excluding Extraordinary Items
Normalised Income Before Taxes
Normalised Income After Taxes
Normalised Income Available to Common Shareholders
Diluted Normalised EPS	0.995	-1.28	0.188	-0.029	-0.191
Dividends per Share