2023 Q3 Form 10-Q Financial Statement
#000162828023026156 Filed on July 31, 2023
Income Statement
Concept | 2023 Q3 | 2023 Q2 |
---|
Balance Sheet
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $106.6M | $106.3M |
YoY Change | 21.51% | 41.9% |
Cash & Equivalents | $106.6M | $106.3M |
Short-Term Investments | ||
Other Short-Term Assets | ||
YoY Change | ||
Inventory | ||
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | $106.6M | $106.3M |
YoY Change | 21.51% | 41.9% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $5.403B | $5.671B |
YoY Change | -4.67% | 4.15% |
Goodwill | $32.29M | $32.29M |
YoY Change | 0.0% | 0.0% |
Intangibles | ||
YoY Change | ||
Long-Term Investments | $352.1M | |
YoY Change | ||
Other Assets | $27.50M | $23.56M |
YoY Change | -82.31% | -9.17% |
Total Long-Term Assets | $6.293B | $6.301B |
YoY Change | -5.16% | -0.91% |
TOTAL ASSETS | ||
Total Short-Term Assets | $106.6M | $106.3M |
Total Long-Term Assets | $6.293B | $6.301B |
Total Assets | $6.399B | $6.407B |
YoY Change | -4.81% | -0.41% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | ||
YoY Change | ||
Accrued Expenses | $483.1M | $476.4M |
YoY Change | -36.3% | -31.62% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $483.1M | $476.4M |
YoY Change | -36.3% | -31.62% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $3.128B | $3.685B |
YoY Change | -15.27% | 9.38% |
Other Long-Term Liabilities | ||
YoY Change | ||
Total Long-Term Liabilities | $3.128B | $3.685B |
YoY Change | -15.29% | 9.38% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $483.1M | $476.4M |
Total Long-Term Liabilities | $3.128B | $3.685B |
Total Liabilities | $3.611B | $4.408B |
YoY Change | -18.87% | 8.42% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | ||
YoY Change | ||
Common Stock | $1.470M | $1.492M |
YoY Change | -3.92% | -3.24% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $2.507B | $1.999B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $6.399B | $6.407B |
YoY Change | -4.81% | -0.41% |
Cashflow Statement
Concept | 2023 Q3 | 2023 Q2 |
---|
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dei |
Amendment Flag
AmendmentFlag
|
false | ||
CY2023Q2 | us-gaap |
Operating Lease Income Comprehensive Income Extensible List
OperatingLeaseIncomeComprehensiveIncomeExtensibleList
|
http://fasb.org/us-gaap/2023#OtherAssets | |
us-gaap |
Operating Lease Income Comprehensive Income Extensible List
OperatingLeaseIncomeComprehensiveIncomeExtensibleList
|
http://fasb.org/us-gaap/2023#OtherAssets | ||
CY2022Q2 | us-gaap |
Operating Lease Income Comprehensive Income Extensible List
OperatingLeaseIncomeComprehensiveIncomeExtensibleList
|
http://fasb.org/us-gaap/2023#OtherAssets | |
us-gaap |
Operating Lease Income Comprehensive Income Extensible List
OperatingLeaseIncomeComprehensiveIncomeExtensibleList
|
http://fasb.org/us-gaap/2023#OtherAssets | ||
CY2023Q2 | us-gaap |
Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
|
6888234000 | usd |
CY2022Q4 | us-gaap |
Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
|
6784965000 | usd |
CY2023Q2 | us-gaap |
Land
Land
|
1345086000 | usd |
CY2022Q4 | us-gaap |
Land
Land
|
1291429000 | usd |
CY2023Q2 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
8233320000 | usd |
CY2022Q4 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
8076394000 | usd |
CY2023Q2 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
2562252000 | usd |
CY2022Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
2449883000 | usd |
CY2023Q2 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
5671068000 | usd |
CY2022Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
5626511000 | usd |
CY2023Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
106349000 | usd |
CY2022Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
95797000 | usd |
CY2023Q2 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
23564000 | usd |
CY2022Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
205608000 | usd |
dei |
Local Phone Number
LocalPhoneNumber
|
757-8101 | ||
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
149086548 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
149086548 | shares |
CY2023Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
89260000 | usd |
CY2022Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
78656000 | usd |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
184926000 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
163205000 | usd | |
CY2023Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
6023000 | usd |
CY2022Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
5333000 | usd |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
13203000 | usd | |
airc |
Property Operating Expenses
PropertyOperatingExpenses
|
147465000 | usd | |
airc |
Property Operating Expenses
PropertyOperatingExpenses
|
127023000 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
11930000 | usd | |
CY2023Q2 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
-2519000 | usd |
CY2022Q2 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
3076000 | usd |
us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
-6179000 | usd | |
us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
-942000 | usd | |
CY2023Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
169814000 | usd |
CY2022Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
144700000 | usd |
us-gaap |
Operating Expenses
OperatingExpenses
|
351773000 | usd | |
us-gaap |
Operating Expenses
OperatingExpenses
|
303100000 | usd | |
CY2023Q2 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
1507000 | usd |
CY2022Q2 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
25652000 | usd |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
3032000 | usd | |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
39133000 | usd | |
CY2023Q2 | us-gaap |
Interest Expense
InterestExpense
|
37554000 | usd |
CY2022Q2 | us-gaap |
Interest Expense
InterestExpense
|
26027000 | usd |
us-gaap |
Interest Expense
InterestExpense
|
73741000 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
48134000 | usd | |
CY2023Q2 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | usd |
CY2022Q2 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | usd |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-2008000 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-23636000 | usd | |
CY2023Q2 | us-gaap |
Gain Loss On Disposition Of Real Estate Discontinued Operations
GainLossOnDispositionOfRealEstateDiscontinuedOperations
|
-17472000 | usd |
CY2022Q2 | us-gaap |
Gain Loss On Disposition Of Real Estate Discontinued Operations
GainLossOnDispositionOfRealEstateDiscontinuedOperations
|
175606000 | usd |
us-gaap |
Gain Loss On Disposition Of Real Estate Discontinued Operations
GainLossOnDispositionOfRealEstateDiscontinuedOperations
|
-17472000 | usd | |
us-gaap |
Gain Loss On Disposition Of Real Estate Discontinued Operations
GainLossOnDispositionOfRealEstateDiscontinuedOperations
|
587609000 | usd | |
CY2023Q2 | us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
11390000 | usd |
CY2022Q2 | us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
0 | usd |
us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
9252000 | usd | |
us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
0 | usd | |
CY2023Q2 | us-gaap |
Net Income Loss From Real Estate Investment Partnership
NetIncomeLossFromRealEstateInvestmentPartnership
|
-842000 | usd |
CY2022Q2 | us-gaap |
Net Income Loss From Real Estate Investment Partnership
NetIncomeLossFromRealEstateInvestmentPartnership
|
-873000 | usd |
us-gaap |
Net Income Loss From Real Estate Investment Partnership
NetIncomeLossFromRealEstateInvestmentPartnership
|
-1877000 | usd | |
us-gaap |
Net Income Loss From Real Estate Investment Partnership
NetIncomeLossFromRealEstateInvestmentPartnership
|
-2887000 | usd | |
CY2023Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
1775000 | usd |
CY2022Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
213158000 | usd |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-8034000 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
613963000 | usd | |
CY2023Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1177000 | usd |
CY2022Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1499000 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1316000 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
920000 | usd | |
CY2023Q2 | us-gaap |
Profit Loss
ProfitLoss
|
598000 | usd |
CY2022Q2 | us-gaap |
Profit Loss
ProfitLoss
|
211659000 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
-9350000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
613043000 | usd | |
CY2023Q2 | us-gaap |
Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
|
684000 | usd |
CY2022Q2 | us-gaap |
Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
|
381000 | usd |
us-gaap |
Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
|
1369000 | usd | |
us-gaap |
Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
|
-183000 | usd | |
CY2023Q2 | us-gaap |
Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable
NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable
|
1570000 | usd |
CY2022Q2 | us-gaap |
Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable
NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable
|
1602000 | usd |
us-gaap |
Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable
NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable
|
3140000 | usd | |
us-gaap |
Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable
NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable
|
3205000 | usd | |
CY2023Q2 | us-gaap |
Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
|
-315000 | usd |
CY2022Q2 | us-gaap |
Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
|
12749000 | usd |
us-gaap |
Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
|
-1141000 | usd | |
CY2023Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
1939000 | usd |
CY2022Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
14732000 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1341000 | usd |
us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
85000 | usd | |
us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
93000 | usd | |
us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
417000 | usd | |
CY2022Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
196722000 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-12896000 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
572603000 | usd | |
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | |
CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.26 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.09 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
3.66 | ||
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
148832000 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
155927000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
148821000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
156327000 | shares | |
CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
148832000 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
156136000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
148821000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
156607000 | shares | |
CY2023Q2 | us-gaap |
Profit Loss
ProfitLoss
|
598000 | usd |
CY2022Q2 | us-gaap |
Profit Loss
ProfitLoss
|
211659000 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
-9350000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
613043000 | usd | |
CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
|
16631000 | usd |
CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
|
13715000 | usd |
us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
|
5191000 | usd | |
us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
|
12932000 | usd | |
CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
|
5364000 | usd |
CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
|
-1989000 | usd |
us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
|
9518000 | usd | |
us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
|
-1989000 | usd | |
CY2023Q2 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
11865000 | usd |
CY2022Q2 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
227363000 | usd |
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-13677000 | usd | |
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
627964000 | usd | |
CY2023Q2 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
2933000 | usd |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
3.66 | ||
CY2022Q2 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
15903000 | usd |
us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
3260000 | usd | |
us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
41109000 | usd | |
CY2023Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
8932000 | usd |
CY2022Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
211460000 | usd |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-16937000 | usd | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
586855000 | usd | |
CY2022Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2263838000 | usd |
CY2022Q2 | airc |
Redemption Of Operating Partnership Units In Exchange For Cash
RedemptionOfOperatingPartnershipUnitsInExchangeForCash
|
793000 | usd |
CY2022Q2 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
125000000 | usd |
CY2022Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1701000 | usd |
CY2022Q2 | airc |
Effect Of Changes In Ownership For Consolidated Entities
EffectOfChangesInOwnershipForConsolidatedEntities
|
0 | usd |
CY2022Q2 | us-gaap |
Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
|
3483000 | usd |
CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
15704000 | usd |
CY2022Q2 | us-gaap |
Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
|
210057000 | usd |
CY2022Q2 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
70556000 | usd |
CY2022Q2 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
8677000 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
932000 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2288825000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2234902000 | usd |
CY2023Q2 | airc |
Redemption Of Operating Partnership Units In Exchange For Cash
RedemptionOfOperatingPartnershipUnitsInExchangeForCash
|
5285000 | usd |
CY2023Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1975000 | usd |
CY2023Q2 | airc |
Effect Of Changes In Ownership For Consolidated Entities
EffectOfChangesInOwnershipForConsolidatedEntities
|
0 | usd |
CY2023Q2 | airc |
Purchase Of Noncontrolling Interests In Consolidated Real Estate Partnerships
PurchaseOfNoncontrollingInterestsInConsolidatedRealEstatePartnerships
|
1517000 | usd |
CY2023Q2 | us-gaap |
Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
|
2950000 | usd |
CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
11267000 | usd |
CY2023Q2 | us-gaap |
Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
|
-972000 | usd |
CY2023Q2 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
67201000 | usd |
CY2023Q2 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
7098000 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
131000 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2168890000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1939155000 | usd |
airc |
Redemption Of Operating Partnership Units In Exchange For Cash
RedemptionOfOperatingPartnershipUnitsInExchangeForCash
|
4245000 | usd | |
us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
125000000 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
4451000 | usd | |
airc |
Effect Of Changes In Ownership For Consolidated Entities
EffectOfChangesInOwnershipForConsolidatedEntities
|
0 | usd | |
us-gaap |
Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
|
7808000 | usd | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
14921000 | usd | |
us-gaap |
Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
|
609838000 | usd | |
us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
140984000 | usd | |
us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
16271000 | usd | |
us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
848000 | usd | |
CY2022Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2288825000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2319306000 | usd |
airc |
Issuance Of Operating Partnership Units
IssuanceOfOperatingPartnershipUnits
|
22383000 | usd | |
airc |
Redemption Of Operating Partnership Units In Exchange For Cash
RedemptionOfOperatingPartnershipUnitsInExchangeForCash
|
15814000 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
5101000 | usd | |
airc |
Effect Of Changes In Ownership For Consolidated Entities
EffectOfChangesInOwnershipForConsolidatedEntities
|
0 | usd | |
airc |
Purchase Of Noncontrolling Interests In Consolidated Real Estate Partnerships
PurchaseOfNoncontrollingInterestsInConsolidatedRealEstatePartnerships
|
1517000 | usd | |
us-gaap |
Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
|
4517000 | usd | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-4327000 | usd | |
us-gaap |
Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
|
-12490000 | usd | |
us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
134140000 | usd | |
us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
14135000 | usd | |
us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
-6000 | usd | |
CY2023Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2168890000 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
-9350000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
613043000 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
184926000 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
163205000 | usd | |
airc |
Gain Loss On Derecognition Of Leased Properties And Dispositions Of Real Estate
GainLossOnDerecognitionOfLeasedPropertiesAndDispositionsOfRealEstate
|
-17472000 | usd | |
airc |
Gain Loss On Derecognition Of Leased Properties And Dispositions Of Real Estate
GainLossOnDerecognitionOfLeasedPropertiesAndDispositionsOfRealEstate
|
587609000 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-2008000 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-23636000 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1316000 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
920000 | usd | |
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-624000 | usd | |
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-2939000 | usd | |
us-gaap |
Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
|
14334000 | usd | |
us-gaap |
Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
|
14638000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
182662000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
201496000 | usd | |
us-gaap |
Payments To Acquire Residential Real Estate
PaymentsToAcquireResidentialRealEstate
|
182459000 | usd | |
us-gaap |
Payments To Acquire Residential Real Estate
PaymentsToAcquireResidentialRealEstate
|
472317000 | usd | |
us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
89388000 | usd | |
us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
90599000 | usd | |
us-gaap |
Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
|
33633000 | usd | |
us-gaap |
Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
|
759344000 | usd | |
airc |
Proceeds From Repayment Of Notes Receivable
ProceedsFromRepaymentOfNotesReceivable
|
0 | usd | |
airc |
Proceeds From Repayment Of Notes Receivable
ProceedsFromRepaymentOfNotesReceivable
|
387088000 | usd | |
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-9804000 | usd | |
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
8849000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-228410000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
574667000 | usd | |
us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
103964000 | usd | |
us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
353770000 | usd | |
us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
320000000 | usd | |
us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
0 | usd | |
us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
0 | usd | |
us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
350000000 | usd | |
us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
-170000000 | usd | |
us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
-154795000 | usd | |
us-gaap |
Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
|
0 | usd | |
us-gaap |
Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
|
400000000 | usd | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | usd | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
125000000 | usd | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
134135000 | usd | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
141104000 | usd | |
us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
14159000 | usd | |
us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
16306000 | usd | |
us-gaap |
Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
|
15814000 | usd | |
us-gaap |
Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
|
4269000 | usd | |
us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-7672000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-125744000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-768033000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-171492000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
8130000 | usd | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
301405000 | usd |
CY2023Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
3684577000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
3641629000 | usd |
airc |
Debt Instrument Total Leverage Percent
DebtInstrumentTotalLeveragePercent
|
0.04 | ||
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
92761000 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
129913000 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
100891000 | usd |
CY2022Q2 | airc |
Partners Capital Account Effect Of Changes In Ownership Of Partnership Units And Consolidated
PartnersCapitalAccountEffectOfChangesInOwnershipOfPartnershipUnitsAndConsolidated
|
0 | usd |
CY2023Q2 | airc |
Partners Capital Account Effect Of Changes In Ownership Of Partnership Units And Consolidated
PartnersCapitalAccountEffectOfChangesInOwnershipOfPartnershipUnitsAndConsolidated
|
0 | usd |
airc |
Partners Capital Account Effect Of Changes In Ownership Of Partnership Units And Consolidated
PartnersCapitalAccountEffectOfChangesInOwnershipOfPartnershipUnitsAndConsolidated
|
0 | usd | |
airc |
Partners Capital Account Effect Of Changes In Ownership Of Partnership Units And Consolidated
PartnersCapitalAccountEffectOfChangesInOwnershipOfPartnershipUnitsAndConsolidated
|
0 | usd | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
Basis of Presentation and Organization<div style="margin-top:10pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Basis of Presentation</span></div><div style="margin-top:10pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The accompanying condensed consolidated financial statements include the accounts of Apartment Income REIT Corp. (“AIR”), Apartment Income REIT, L.P. (“AIR Operating Partnership”), and their consolidated subsidiaries. The AIR Operating Partnership’s condensed consolidated financial statements include the accounts of the AIR Operating Partnership and its consolidated subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.</span></div><div style="margin-top:10pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As used herein, and except where the context otherwise requires, “partnership” refers to a limited partnership or a limited liability company and “partner” refers to a partner in a limited partnership or a member of a limited liability company. Interests in the AIR Operating Partnership that are held by limited partners other than AIR are reflected in AIR’s accompanying condensed consolidated balance sheets as noncontrolling interests in the AIR Operating Partnership. Interests in partnerships consolidated by the AIR Operating Partnership that are held by third parties are reflected in AIR’s and AIR Operating Partnership’s accompanying condensed consolidated balance sheets as noncontrolling interests in consolidated real estate partnerships. </span></div><div style="margin-top:10pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Except as the context otherwise requires, “we,” “our,” and “us” refer to AIR, the AIR Operating Partnership, and their consolidated subsidiaries, collectively.</span></div><div style="margin-top:10pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted in accordance with such rules and regulations, although management believes the disclosures are adequate to prevent the information presented from being misleading. In the opinion of management, all adjustments, consisting of normal recurring items, considered necessary for a fair presentation have been included. Operating results for the three and six months ended June 30, 2023, are not necessarily indicative of the results that may be expected for the year ending December 31, 2023.</span></div><div style="margin-top:10pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The condensed consolidated balance sheets of AIR, the AIR Operating Partnership, and their consolidated subsidiaries as of December 31, 2022, have been derived from their respective audited financial statements at that date, but do not include all of the information and disclosures required by GAAP for complete financial statements. For further information, refer to the financial statements and notes thereto included in AIR’s and the AIR Operating Partnership’s combined Annual Report on Form 10-K for the year ended December 31, 2022. Except where indicated, the footnotes refer to AIR, the AIR Operating Partnership and their consolidated subsidiaries, collectively.</span></div><div style="margin-top:10pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Reclassifications</span></div><div style="margin-top:10pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior period balances in the condensed consolidated balance sheets, statements of operations, and statements of cash flows have been combined or reclassified to conform to current period presentation pursuant to Rule 10-01(a)(2) of Regulation S-X of the SEC. These changes had no impact on net income (loss), cash flows, assets and liabilities, equity or partners’ capital previously reported.</span></div><div style="margin-top:10pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Organization and Business</span></div><div style="margin-top:10pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">AIR is a self-administered and self-managed REIT. AIR owns, through its wholly-owned subsidiaries, the general partner interest and special limited partner interest in AIR Operating Partnership. AIR Operating Partnership conducts all of the business of AIR, which is focused on the ownership of stabilized multi-family properties located in top markets including eight important geographic concentrations: Boston; Philadelphia; Washington, D.C.; Miami; Denver; the San Francisco Bay Area; Los Angeles; and San Diego.</span></div><div style="margin-top:10pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We own and operate a portfolio of stabilized apartment communities, diversified by both geography and price point, in 10 states and the District of Columbia. As of June 30, 2023, our portfolio included 73 apartment communities with </span></div><div style="margin-top:10pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">25,739 apartment homes, in which we held an average ownership of approximately 87%. We also have one land parcel and one indirect land interest that we lease to third parties. </span></div><div style="margin-top:10pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Interests in the AIR Operating Partnership that are held by limited partners other than AIR are referred to as OP Units. OP Units include common partnership units, which we refer to as common OP Units, as well as preferred partnership units, which we refer to as preferred OP Units. As of June 30, 2023, after elimination of units held by consolidated subsidiaries, the AIR Operating Partnership had 163,508,889 common OP Units outstanding. As of June 30, 2023, AIR owned 149,223,526 of the common OP Units of the AIR Operating Partnership and AIR had an equal number of shares of its Class A Common Stock outstanding, which we refer to as Common Stock. AIR’s ownership of the total common OP Units outstanding represents a 91.3% legal interest in the AIR Operating Partnership and a 93.1% economic interest.</span></div> | ||
CY2023Q2 | airc |
Number Of States And District
NumberOfStatesAndDistrict
|
10 | stateanddistrict |
CY2022Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Preferred Carrying Amount
RedeemableNoncontrollingInterestEquityPreferredCarryingAmount
|
77143000 | usd |
airc |
Distributions Preferred Unitholders Cash
DistributionsPreferredUnitholdersCash
|
3140000 | usd | |
us-gaap |
Temporary Equity Net Income
TemporaryEquityNetIncome
|
3140000 | usd | |
CY2023Q2 | us-gaap |
Redeemable Noncontrolling Interest Equity Preferred Carrying Amount
RedeemableNoncontrollingInterestEquityPreferredCarryingAmount
|
77143000 | usd |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="margin-top:10pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="margin-top:10pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of our condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts included in the condensed consolidated financial statements and accompanying notes thereto. Actual results could differ from those estimates.</span></div> | ||
CY2023Q2 | us-gaap |
Area Of Real Estate Property
AreaOfRealEstateProperty
|
29000 | sqft |
CY2022Q2 | airc |
Other Items Included In Continuing Operations
OtherItemsIncludedInContinuingOperations
|
174358000 | usd |
us-gaap |
Notes Assumed1
NotesAssumed1
|
101200000 | usd | |
CY2023Q2 | airc |
Common Op Units Issuance
CommonOpUnitsIssuance
|
22400000 | usd |
us-gaap |
Property Plant And Equipment Impairment
PropertyPlantAndEquipmentImpairment
|
ImpairmentReal estate and other long-lived assets to be held and used are individually evaluated for impairment when conditions exist that may indicate the carrying amount of a long-lived asset may not be recoverable. Impairment indicators include significant fluctuations in rental and other property revenues less property operating expenses, occupancy changes, significant near-term lease expirations, current and historical cash flow losses, rental rates, and if applicable, a comparison of an asset’s carrying value to its estimated fair value. Upon determination that an impairment has occurred, we recognize an impairment loss to the extent the carrying amount exceeds the estimated fair value of the community | ||
CY2023Q2 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
8200000 | usd |
CY2023Q2 | us-gaap |
Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
|
196718000 | usd |
CY2022Q2 | us-gaap |
Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
|
169337000 | usd |
us-gaap |
Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
|
393054000 | usd | |
us-gaap |
Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
|
337567000 | usd | |
CY2023Q2 | us-gaap |
Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
|
15253000 | usd |
CY2022Q2 | us-gaap |
Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
|
11216000 | usd |
us-gaap |
Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
|
28541000 | usd | |
us-gaap |
Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
|
22021000 | usd | |
CY2023Q2 | us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
211971000 | usd |
CY2022Q2 | us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
180553000 | usd |
us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
421595000 | usd | |
us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
359588000 | usd | |
CY2023Q2 | us-gaap |
Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
|
262306000 | usd |
CY2023Q2 | us-gaap |
Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
|
258690000 | usd |
CY2023Q2 | us-gaap |
Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
|
41745000 | usd |
CY2023Q2 | us-gaap |
Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
|
11214000 | usd |
CY2023Q2 | us-gaap |
Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
|
9701000 | usd |
CY2023Q2 | airc |
Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
|
34712000 | usd |
CY2023Q2 | us-gaap |
Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
|
618368000 | usd |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-8034000 | usd | |
CY2023Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-1439000 | usd |
CY2023Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-1439000 | usd |
CY2022Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
196722000 | usd |
CY2022Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
196722000 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-12896000 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-12896000 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
572603000 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
572603000 | usd | |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
148832000 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
155927000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
148821000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
156327000 | shares | |
CY2023Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
0 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
209000 | shares |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
0 | shares | |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
280000 | shares | |
CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
148832000 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
156136000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
148821000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
156607000 | shares | |
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | |
CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | |
CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.26 | |
CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.26 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.09 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.09 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
3.66 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
3.66 | ||
CY2022Q2 | airc |
Dividends And Distributions Paid Per Share And Unit
DividendsAndDistributionsPaidPerShareAndUnit
|
0.45 | |
airc |
Dividends And Distributions Paid Per Share And Unit
DividendsAndDistributionsPaidPerShareAndUnit
|
0.90 | ||
CY2023Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
2200000 | shares |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
2200000 | shares | |
CY2022Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1700000 | shares |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1600000 | shares | |
CY2022Q2 | us-gaap |
Revenues
Revenues
|
183500000 | usd |
CY2022Q2 | airc |
Other Operating Expenses Not Allocated To Reportable Segment
OtherOperatingExpensesNotAllocatedToReportableSegment
|
80913000 | usd |
CY2022Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
144700000 | usd |
CY2022Q2 | airc |
Operating Income Loss Property
OperatingIncomeLossProperty
|
38800000 | usd |
CY2022Q4 | us-gaap |
Derivative Average Variable Interest Rate
DerivativeAverageVariableInterestRate
|
0.045 | |
CY2022Q4 | us-gaap |
Receivables With Imputed Interest Amortization Amount
ReceivablesWithImputedInterestAmortizationAmount
|
8500000 | usd |
CY2023Q2 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
11400000 | usd |
us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
9300000 | usd | |
us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
0 | usd | |
CY2022Q2 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
0 | usd |
CY2023Q2 | airc |
Derivative Change In Hedging Designation
DerivativeChangeInHedgingDesignation
|
830000000 | usd |
CY2023Q2 | airc |
Derivative Change In Hedging Designation Unrealized Gains
DerivativeChangeInHedgingDesignationUnrealizedGains
|
29500000 | usd |
us-gaap |
Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
|
10800000 | usd | |
CY2023Q2 | us-gaap |
Derivative Amount Of Hedged Item
DerivativeAmountOfHedgedItem
|
325000000 | usd |
us-gaap |
Derivative Term Of Contract
DerivativeTermOfContract
|
P3Y4M24D | ||
CY2023Q2 | us-gaap |
Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
|
328 | apartment |
CY2023Q2 | us-gaap |
Redeemable Noncontrolling Interest Equity Preferred Redemption Value
RedeemableNoncontrollingInterestEquityPreferredRedemptionValue
|
28000000 | usd |
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment | |
CY2023Q2 | us-gaap |
Revenues
Revenues
|
214560000 | usd |
CY2023Q2 | airc |
Other Operating Expenses Not Allocated To Reportable Segment
OtherOperatingExpensesNotAllocatedToReportableSegment
|
97802000 | usd |
CY2023Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
169814000 | usd |
CY2023Q2 | airc |
Operating Income Loss Property
OperatingIncomeLossProperty
|
44746000 | usd |
CY2023Q2 | airc |
Other Items Included In Continuing Operations
OtherItemsIncludedInContinuingOperations
|
-42971000 | usd |
CY2023Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
1775000 | usd |
us-gaap |
Revenues
Revenues
|
426553000 | usd | |
airc |
Other Operating Expenses Not Allocated To Reportable Segment
OtherOperatingExpensesNotAllocatedToReportableSegment
|
204308000 | usd | |
us-gaap |
Operating Expenses
OperatingExpenses
|
351773000 | usd | |
airc |
Operating Income Loss Property
OperatingIncomeLossProperty
|
74780000 | usd | |
airc |
Other Items Included In Continuing Operations
OtherItemsIncludedInContinuingOperations
|
-82814000 | usd | |
CY2022Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
213158000 | usd |
us-gaap |
Revenues
Revenues
|
364978000 | usd | |
airc |
Other Operating Expenses Not Allocated To Reportable Segment
OtherOperatingExpensesNotAllocatedToReportableSegment
|
176077000 | usd | |
us-gaap |
Operating Expenses
OperatingExpenses
|
303100000 | usd | |
airc |
Operating Income Loss Property
OperatingIncomeLossProperty
|
61878000 | usd | |
airc |
Other Items Included In Continuing Operations
OtherItemsIncludedInContinuingOperations
|
552085000 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
613963000 | usd | |
CY2023Q2 | us-gaap |
Assets
Assets
|
6407010000 | usd |
CY2022Q4 | us-gaap |
Assets
Assets
|
6551883000 | usd |
us-gaap |
Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
|
88037000 | usd | |
us-gaap |
Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
|
86353000 | usd | |
CY2023Q2 | us-gaap |
Revenues
Revenues
|
214560000 | usd |
CY2022Q2 | us-gaap |
Revenues
Revenues
|
183500000 | usd |
us-gaap |
Revenues
Revenues
|
426553000 | usd | |
us-gaap |
Revenues
Revenues
|
364978000 | usd | |
CY2023Q2 | airc |
Property Operating Expenses
PropertyOperatingExpenses
|
72012000 | usd |
CY2022Q2 | airc |
Property Operating Expenses
PropertyOperatingExpenses
|
63787000 | usd |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.09 |