Apartment Income REIT Corp
NASDAQ:OM
Income Statement
Earnings Waterfall
Apartment Income REIT Corp
Income Statement
Apartment Income REIT Corp
| Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||
| Interest Expense |
2
|
2
|
3
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
4
|
6
|
9
|
11
|
13
|
16
|
19
|
21
|
24
|
21
|
19
|
16
|
|
| Revenue |
19
N/A
|
33
+73%
|
50
+53%
|
66
+32%
|
79
+21%
|
92
+16%
|
103
+12%
|
110
+7%
|
110
0%
|
112
+1%
|
115
+3%
|
118
+3%
|
129
+9%
|
132
+2%
|
130
-1%
|
125
-4%
|
116
-7%
|
115
-1%
|
114
-1%
|
115
+1%
|
119
+3%
|
120
+1%
|
|
| Gross Profit | |||||||||||||||||||||||
| Cost of Revenue |
(27)
|
(46)
|
(63)
|
(75)
|
(83)
|
(87)
|
(95)
|
(98)
|
(96)
|
(96)
|
(98)
|
(98)
|
(106)
|
(105)
|
(101)
|
(94)
|
(84)
|
(80)
|
(75)
|
(75)
|
(76)
|
(75)
|
|
| Gross Profit |
(8)
N/A
|
(13)
-62%
|
(13)
+3%
|
(9)
+29%
|
(3)
+63%
|
5
N/A
|
8
+61%
|
12
+55%
|
14
+23%
|
16
+10%
|
18
+12%
|
20
+11%
|
24
+20%
|
27
+12%
|
29
+9%
|
31
+6%
|
33
+7%
|
36
+8%
|
39
+9%
|
41
+7%
|
44
+5%
|
45
+4%
|
|
| Operating Income | |||||||||||||||||||||||
| Operating Expenses |
(37)
|
(72)
|
(104)
|
(119)
|
(130)
|
(126)
|
(138)
|
(149)
|
(166)
|
(178)
|
(179)
|
(189)
|
(193)
|
(200)
|
(199)
|
(194)
|
(183)
|
(164)
|
(147)
|
(133)
|
(122)
|
(116)
|
|
| Selling, General & Administrative |
(25)
|
(51)
|
(76)
|
(87)
|
(96)
|
(93)
|
(101)
|
(109)
|
(120)
|
(129)
|
(130)
|
(136)
|
(138)
|
(143)
|
(141)
|
(138)
|
(133)
|
(122)
|
(111)
|
(104)
|
(96)
|
(92)
|
|
| Research & Development |
(12)
|
(21)
|
(29)
|
(31)
|
(33)
|
(33)
|
(37)
|
(40)
|
(45)
|
(49)
|
(49)
|
(52)
|
(53)
|
(56)
|
(57)
|
(56)
|
(51)
|
(43)
|
(36)
|
(31)
|
(27)
|
(24)
|
|
| Operating Income |
(45)
N/A
|
(86)
-90%
|
(117)
-37%
|
(129)
-9%
|
(134)
-4%
|
(121)
+9%
|
(131)
-8%
|
(137)
-5%
|
(151)
-10%
|
(162)
-7%
|
(161)
+1%
|
(169)
-5%
|
(169)
+0%
|
(174)
-3%
|
(170)
+2%
|
(163)
+4%
|
(151)
+8%
|
(129)
+14%
|
(108)
+16%
|
(93)
+14%
|
(79)
+15%
|
(71)
+10%
|
|
| Pre-Tax Income | |||||||||||||||||||||||
| Interest Income Expense |
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(1)
|
(2)
|
(3)
|
(5)
|
(8)
|
(11)
|
(14)
|
(13)
|
(11)
|
(9)
|
|
| Non-Reccuring Items |
0
|
(2)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(5)
|
(8)
|
(8)
|
(8)
|
|
| Total Other Income |
(1)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Pre-Tax Income |
(47)
N/A
|
(89)
-90%
|
(122)
-36%
|
(131)
-8%
|
(134)
-3%
|
(123)
+9%
|
(132)
-7%
|
(139)
-5%
|
(152)
-10%
|
(162)
-7%
|
(163)
0%
|
(170)
-4%
|
(170)
0%
|
(175)
-3%
|
(172)
+2%
|
(168)
+2%
|
(158)
+6%
|
(140)
+11%
|
(127)
+9%
|
(114)
+11%
|
(98)
+14%
|
(88)
+11%
|
|
| Net Income | |||||||||||||||||||||||
| Tax Provision |
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(1)
|
|
| Income from Continuing Operations |
(47)
|
(89)
|
(122)
|
(131)
|
(135)
|
(123)
|
(132)
|
(139)
|
(152)
|
(163)
|
(163)
|
(170)
|
(170)
|
(176)
|
(173)
|
(169)
|
(159)
|
(141)
|
(128)
|
(114)
|
(98)
|
(88)
|
|
| Net Income (Common) |
(5)
N/A
|
(47)
-849%
|
(79)
-68%
|
(113)
-42%
|
(135)
-19%
|
(123)
+9%
|
(132)
-7%
|
(139)
-5%
|
(152)
-10%
|
(163)
-7%
|
(163)
0%
|
(170)
-4%
|
(170)
0%
|
(176)
-3%
|
(173)
+2%
|
(169)
+2%
|
(159)
+6%
|
(141)
+11%
|
(128)
+9%
|
(114)
+11%
|
(98)
+14%
|
(88)
+10%
|
|
| EPS (Diluted) |
-0.12
N/A
|
-1.11
-825%
|
-1.86
-68%
|
-2.63
-41%
|
-2.94
-12%
|
-2.63
+11%
|
-2.89
-10%
|
-2.92
-1%
|
-3.18
-9%
|
-3.38
-6%
|
-3.38
N/A
|
-3.48
-3%
|
-3.49
0%
|
-3.51
-1%
|
-3.48
+1%
|
-3.31
+5%
|
-3.05
+8%
|
-2.78
+9%
|
-36.95
-1 229%
|
-16.16
+56%
|
-5.54
+66%
|
-4.95
+11%
|
|