Apartment Income REIT Corp

Company Profile

Apartment Income REIT Corp had its IPO on 2020-12-15 under the ticker symbol AIRC.

The company operates in the Real Estate sector and REIT-Residential industry. Apartment Income REIT Corp has a staff strength of 750 employees.

Stock update

Shares of Apartment Income REIT Corp opened at $32.4 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $32.15 - $32.79, and closed at $32.68.

This is a +0.65% increase from the previous day's closing price.

A total volume of 710,128 shares were traded at the close of the day’s session.

In the last one week, shares of Apartment Income REIT Corp have slipped by -3.71%.

Apartment Income REIT Corp's Key Ratios

Apartment Income REIT Corp has a market cap of $5.56 billion, indicating a price to book ratio of 2.7111 and a price to sales ratio of 7.1473.

In the last 12-months Apartment Income REIT Corp’s revenue was $770.22 million with a gross profit of $508.96 million and an EBITDA of $474.94 million. The EBITDA ratio measures Apartment Income REIT Corp's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Apartment Income REIT Corp’s operating margin was 16.1% while its return on assets stood at 1.19% with a return of equity of 43.94%.

In Q4, Apartment Income REIT Corp’s quarterly earnings growth was a negative -8.4% while revenue growth was a positive 7%.

Apartment Income REIT Corp’s PE and PEG Ratio

Forward PE

131.5789

Trailing PE

6.4182

PEG

2.0645

Its diluted EPS in the last 12-months stands at $5.81 per share while it has a forward price to earnings multiple of 131.5789 and a PEG multiple of 2.0645. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Apartment Income REIT Corp’s profitability.

Apartment Income REIT Corp stock is trading at a EV to sales ratio of 12.0239 and a EV to EBITDA ratio of 6.2529. Its price to sales ratio in the trailing 12-months stood at 7.1473.

Apartment Income REIT Corp stock pays annual dividends of $1.8 per share, indicating a yield of 4.71% and a payout ratio of 30.87%.

Balance sheet and cash flow metrics

Total Assets

$6.55 billion

Total Liabilities

$975.81 million

Operating Cash Flow

$397.33 million

Capital Expenditure

$51.04 million

Dividend Payout Ratio

30.87%

Apartment Income REIT Corp ended 2024 with $6.55 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $6.55 billion while shareholder equity stood at $2.16 billion.

Apartment Income REIT Corp ended 2024 with $0 in deferred long-term liabilities, $975.81 million in other current liabilities, 1491000.00 in common stock, $-1043577000.00 in retained earnings and $32.29 million in goodwill. Its cash balance stood at $95.80 million and cash and short-term investments were $95.80 million. The company’s total short-term debt was $0 while long-term debt stood at $3.18 billion.

Apartment Income REIT Corp’s total current assets stands at $95.80 million while long-term investments were $158.73 million and short-term investments were $0. Its net receivables were $0 compared to accounts payable of $513.81 million and inventory worth $0.

In 2024, Apartment Income REIT Corp's operating cash flow was $397.33 million while its capital expenditure stood at $51.04 million.

Comparatively, Apartment Income REIT Corp paid $0.31 in dividends in 2024.

Other key metrics

Current Trading Price

$32.68

52-Week High

$53.4198

52-Week Low

$33.1931

Analyst Target Price

$41.3

Apartment Income REIT Corp stock is currently trading at $32.68 per share. It touched a 52-week high of $53.4198 and a 52-week low of $53.4198. Analysts tracking the stock have a 12-month average target price of $41.3.

Its 50-day moving average was $34.25 and 200-day moving average was $34.91 The short ratio stood at 3.36 indicating a short percent outstanding of 0%.

Around 41.9% of the company’s stock are held by insiders while 10049.1% are held by institutions.