Apartment Income REIT (AIRC) Revenue & Revenue Breakdown

Overview ForecastFinancials Chart Transcripts

Apartment Income REIT Revenue Highlights

Latest Revenue (Y)

$820.04M

Latest Revenue (Q)

$195.62M

Main Segment (Y)

Rental And Other Property Revenues

Apartment Income REIT Revenue by Period

Apartment Income REIT Revenue by Year

Date	Revenue	Change
2023-12-31	$820.04M	5.99%
2022-12-31	$773.72M	4.44%
2021-12-31	$740.85M	2.96%
2020-12-31	$719.56M	-21.30%
2019-12-31	$914.29M	-5.98%
2018-12-31	$972.41M	-3.28%
2017-12-31	$1.01B	0.96%
2016-12-31	$995.85M	1.48%
2015-12-31	$981.31M	-0.31%
2014-12-31	$984.36M	1.06%
2013-12-31	$974.05M	-5.72%
2012-12-31	$1.03B	-4.30%
2011-12-31	$1.08B	-5.71%
2010-12-31	$1.14B	-4.25%
2009-12-31	$1.20B	-

Apartment Income REIT generated $820.04M in revenue during NA 2023, up 5.99% compared to the previous quarter, and up 84.33% compared to the same period a year ago.

Apartment Income REIT Revenue by Quarter

Date	Revenue	Change
2024-03-31	$195.62M	-0.38%
2023-12-31	$196.36M	-0.48%
2023-09-30	$197.31M	-8.04%
2023-06-30	$214.56M	1.21%
2023-03-31	$211.99M	1.98%
2022-12-31	$207.87M	3.49%
2022-09-30	$200.87M	9.47%
2022-06-30	$183.50M	1.11%
2022-03-31	$181.48M	-6.61%
2021-12-31	$194.33M	1.33%
2021-09-30	$191.78M	7.54%
2021-06-30	$178.33M	1.09%
2021-03-31	$176.41M	1.53%
2020-12-31	$173.75M	-19.36%
2020-09-30	$215.46M	-1.53%
2020-06-30	$218.81M	-2.56%
2020-03-31	$224.55M	-2.38%
2019-12-31	$230.03M	0.09%
2019-09-30	$229.83M	2.51%
2019-06-30	$224.20M	-2.62%
2019-03-31	$230.24M	-0.77%
2018-12-31	$232.02M	-4.31%
2018-09-30	$242.48M	-3.08%
2018-06-30	$250.19M	1.00%
2018-03-31	$247.72M	-2.94%
2017-12-31	$255.23M	0.23%
2017-09-30	$254.63M	2.23%
2017-06-30	$249.09M	1.06%
2017-03-31	$246.48M	-1.21%
2016-12-31	$249.49M	0.24%
2016-09-30	$248.90M	-0.92%
2016-06-30	$251.22M	2.02%
2016-03-31	$246.24M	0.15%
2015-12-31	$245.88M	-0.21%
2015-09-30	$246.39M	0.66%
2015-06-30	$244.78M	0.21%
2015-03-31	$244.26M	0.86%
2014-12-31	$242.18M	-1.89%
2014-09-30	$246.84M	0.17%
2014-06-30	$246.42M	-1.01%
2014-03-31	$248.92M	-0.77%
2013-12-31	$250.86M	-1.43%
2013-09-30	$254.51M	-1.98%
2013-06-30	$259.66M	1.65%
2013-03-31	$255.45M	-3.96%
2012-12-31	$266.00M	-0.54%
2012-09-30	$267.45M	-1.26%
2012-06-30	$270.87M	-1.07%
2012-03-31	$273.80M	11.73%
2011-12-31	$245.06M	-12.92%
2011-09-30	$281.41M	0.13%
2011-06-30	$281.04M	-1.93%
2011-03-31	$286.55M	3.92%
2010-12-31	$275.75M	-5.66%
2010-09-30	$292.30M	-0.91%
2010-06-30	$294.99M	0.69%
2010-03-31	$292.98M	25.29%
2009-12-31	$233.83M	-26.78%
2009-09-30	$319.35M	-4.62%
2009-06-30	$334.80M	-4.15%
2009-03-31	$349.28M	-

Apartment Income REIT generated $195.62M in revenue during Q1 2024, up -0.38% compared to the previous quarter, and up 94.11% compared to the same period a year ago.

Apartment Income REIT Revenue Breakdown

Apartment Income REIT Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Rental And Other Property Revenues	$809.88M	$764.19M	$733.48M	$719.56M	-
Other Revenues	$10.16M	$9.53M	$7.37M	-	-
Asset Management1	-	-	-	-	-
Real Estate	-	-	-	-	$914.29M

Apartment Income REIT's latest annual revenue breakdown by segment (product or service), as of Dec 23: Rental And Other Property Revenues (98.76%), and Other Revenues (1.24%).

Quarterly Revenue by Product

Product/Service	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19
Other Revenues	$3.24M	$2.96M	$3.06M	$2.07M	$2.07M	$2.37M	$2.46M	$2.49M	$2.22M	$2.38M	$1.70M	$1.61M	$1.68M	-	-	-	-	-	-	-
Rental And Other Property Revenues	$192.38M	$193.22M	$194.24M	$212.49M	$209.92M	$205.51M	$198.41M	$181.01M	$179.26M	$191.95M	$190.08M	$176.72M	$174.73M	-	-	-	-	-	-	-
Acquisition And Other Real Estate	-	-	-	-	-	-	-	-	-	-	-	-	-	$17.31M	$17.41M	-	-	-	-	-
Redevelopmentand Development	-	-	-	-	-	-	-	-	-	-	-	-	-	$12.50M	$11.59M	$11.91M	-	-	-	-
Same Store	-	-	-	-	-	-	-	-	-	-	-	-	-	$171.03M	$180.78M	$187.96M	$175.72M	-	-	-
Other Real Estate	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$17.88M	$9.47M	-	-	-
Acquisition	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$884.00K	$9.99M	-	-	-
Real Estate	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$230.03M	$229.83M	$224.20M	-
Asset Management1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redevelopment and Development	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$20.35M

Apartment Income REIT's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Rental And Other Property Revenues (98.34%), and Other Revenues (1.66%).

Apartment Income REIT Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
EQR	Equity Residential	$2.87B	$1.33M
AVB	AvalonBay Communities	$2.77B	$734.31M
MAA	Mid-America Apartment Communities	$2.15B	$551.13M
ESS	Essex Property Trust	$1.67B	$450.70M
UDR	UDR	$1.63B	$420.16M
CSR	Centerspace	$332.55M	$65.03M
VRE	Veris Residential	$279.86M	$2.02M
NXRT	NexPoint Residential Trust	$277.53M	$64.09M
CLPR	Clipper Realty	$138.21M	$37.62M
BRT	BRT Apartments	$93.62M	$24.40M

AIRC Revenue FAQ

What is Apartment Income REIT’s yearly revenue?

Apartment Income REIT's yearly revenue for 2023 was $820.04M, representing an increase of 5.99% compared to 2022. The company's yearly revenue for 2022 was $773.72M, representing an increase of 4.44% compared to 2021. AIRC's yearly revenue for 2021 was $740.85M, representing an increase of 2.96% compared to 2020.

What is Apartment Income REIT’s quarterly revenue?

Apartment Income REIT's quarterly revenue for Q1 2024 was $195.62M, a -0.38% decrease from the previous quarter (Q4 2023), and a -7.72% decrease year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $196.36M, a -0.48% decrease from the previous quarter (Q3 2023), and a -5.54% decrease year-over-year (Q4 2022). AIRC's quarterly revenue for Q3 2023 was $197.31M, a -8.04% decrease from the previous quarter (Q2 2023), and a -1.77% decrease year-over-year (Q3 2022).

What is Apartment Income REIT’s revenue growth rate?

Apartment Income REIT's revenue growth rate for the last 3 years (2021-2023) was 10.69%, and for the last 5 years (2019-2023) was -10.31%.

What are Apartment Income REIT’s revenue streams?

Apartment Income REIT's revenue streams in c 23 are Rental And Other Property Revenues, and Other Revenues. Rental And Other Property Revenues generated $809.88M in revenue, accounting 98.76% of the company's total revenue, up 5.98% year-over-year. Other Revenues generated $10.16M in revenue, accounting 1.24% of the company's total revenue, up 6.61% year-over-year.

What is Apartment Income REIT’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Apartment Income REIT was Rental And Other Property Revenues. This segment made a revenue of $809.88M, representing 98.76% of the company's total revenue.