This company has been acquired
Apartment Income REIT Balance Sheet Health
Financial Health criteria checks 1/6
Apartment Income REIT has a total shareholder equity of $2.5B and total debt of $3.3B, which brings its debt-to-equity ratio to 131.6%. Its total assets and total liabilities are $6.2B and $3.7B respectively. Apartment Income REIT's EBIT is $111.3M making its interest coverage ratio 0.9. It has cash and short-term investments of $103.5M.
Key information
131.6%
Debt to equity ratio
US$3.35b
Debt
| Interest coverage ratio | 0.9x |
| Cash | US$103.49m |
| Equity | US$2.55b |
| Total liabilities | US$3.65b |
| Total assets | US$6.20b |
Recent financial health updates
No updates
Recent updates
Blackstone's Acquisition Of Apartment Income REIT Is Likely Priced In
Apr 09Apartment Income REIT: Overlooked And Undervalued 5.7% Yielder
Feb 12Apartment Income REIT: Outperforming, Strong Growth, 5%-Plus Yield
Dec 24Apartment Income REIT: Quality Business Model, Sluggish Valuation
Oct 23Apartment Income REIT: A Good Pick In An Attractive Sector
Sep 01Apartment Income REIT: Cause For Pause
Aug 24Apartment Income REIT: Coastal And Sunbelt Exposure With Industry Leading Forward Growth, Gross Margins
Jun 12Apartment Income REIT FFO of $0.59 misses by $0.01, revenue of $207.87M beats by $5.56M
Feb 09Apartment Income REIT: A Higher Yielding Multifamily Operator
Jan 243 Intriguing Bargains In Apartment REITs
Nov 10Apartment Income REIT declares $0.45 dividend
Nov 01Apartment Income REIT: High Yield With Low Risk
Sep 23Apartment Income REIT FFO of $0.66 in-line, revenue of $183.5M in-line
Jul 29Apartment Income REIT: 4% Dividend And Inflation Hedge
Jul 15Apartment Income REIT: An Undervalued REIT With An Excellent CEO
May 26Apartment Income REIT Still Makes A Decent Buy For Conservative Dividend Investors
Apr 22Financial Position Analysis
Short Term Liabilities: AIRC's short term assets ($163.1M) do not cover its short term liabilities ($303.4M).
Long Term Liabilities: AIRC's short term assets ($163.1M) do not cover its long term liabilities ($3.3B).
Debt to Equity History and Analysis
Debt Level: AIRC's net debt to equity ratio (127.5%) is considered high.
Reducing Debt: AIRC's debt to equity ratio has reduced from 190.6% to 131.6% over the past 5 years.
Debt Coverage: AIRC's debt is not well covered by operating cash flow (10.7%).
Interest Coverage: AIRC's interest payments on its debt are not well covered by EBIT (0.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/06/28 08:03 |
| End of Day Share Price | 2024/06/28 00:00 |
| Earnings | 2024/03/31 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Apartment Income REIT Corp. is covered by 30 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | Argus Research Company |
| Andrew Babin | Baird |
| Ross Smotrich | Barclays |