2024 Q2 Form 10-Q Financial Statement
#000162828024021680 Filed on May 08, 2024
Income Statement
Concept | 2024 Q2 | 2024 Q1 | 2023 Q1 |
---|
Balance Sheet
Concept | 2024 Q2 | 2024 Q1 | 2023 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $87.80M | $90.21M | |
YoY Change | -2.68% | 15.86% | |
Cash & Equivalents | $87.80M | $90.21M | |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $87.80M | $90.21M | |
YoY Change | -2.68% | 15.86% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $5.407B | $5.880B | |
YoY Change | -8.05% | 17.2% | |
Goodwill | $32.29M | $32.29M | |
YoY Change | 0.0% | 0.0% | |
Intangibles | |||
YoY Change | |||
Long-Term Investments | $324.9M | ||
YoY Change | |||
Other Assets | $26.94M | $24.87M | |
YoY Change | 8.32% | -38.38% | |
Total Long-Term Assets | $6.111B | $6.482B | |
YoY Change | -5.73% | 4.13% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $87.80M | $90.21M | |
Total Long-Term Assets | $6.111B | $6.482B | |
Total Assets | $6.198B | $6.572B | |
YoY Change | -5.69% | 4.28% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | |||
YoY Change | |||
Accrued Expenses | $303.4M | $521.5M | |
YoY Change | -41.81% | -13.56% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $303.4M | $521.5M | |
YoY Change | -41.81% | -13.56% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $3.349B | $3.739B | |
YoY Change | -10.42% | 11.41% | |
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $3.349B | $3.739B | |
YoY Change | -10.42% | 11.39% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $303.4M | $521.5M | |
Total Long-Term Liabilities | $3.349B | $3.739B | |
Total Liabilities | $3.652B | $4.260B | |
YoY Change | -14.27% | 7.59% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | |||
YoY Change | |||
Common Stock | $1.451M | $1.492M | |
YoY Change | -2.75% | -5.03% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $2.279B | $2.060B | |
YoY Change | |||
Total Liabilities & Shareholders Equity | $6.198B | $6.572B | |
YoY Change | -5.69% | 4.28% |
Cashflow Statement
Concept | 2024 Q2 | 2024 Q1 | 2023 Q1 |
---|
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
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Entity Central Index Key
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Notes Payable
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Document Period End Date
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2024-03-31 | |
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Entity File Number
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1-39686 | |
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Entity Registrant Name
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|
APARTMENT INCOME REIT CORP. | |
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Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
MD | |
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Entity Tax Identification Number
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84-1299717 | |
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4582 South Ulster Street | |
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Suite 1700 | |
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Denver | |
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CO | |
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80237 | |
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303 | |
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Class A Common Stock (Apartment Income REIT Corp.) | |
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Trading Symbol
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Accumulated Distributions In Excess Of Net Income
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|
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|
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Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-6379000 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-25542000 | usd |
CY2024Q1 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
2132000 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
327000 | usd |
CY2024Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-8511000 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-25869000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2319306000 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
22383000 | usd |
CY2023Q1 | airc |
Redemption Of Operating Partnership Units In Exchange For Cash
RedemptionOfOperatingPartnershipUnitsInExchangeForCash
|
10529000 | usd |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3126000 | usd |
CY2023Q1 | airc |
Effect Of Changes In Ownership For Consolidated Entities
EffectOfChangesInOwnershipForConsolidatedEntities
|
0 | usd |
CY2023Q1 | us-gaap |
Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
|
1567000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-15594000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
|
-11518000 | usd |
CY2023Q1 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
66939000 | usd |
CY2023Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
7037000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
-137000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2234902000 | usd |
CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
144925604 | shares |
CY2023Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2550374000 | usd |
CY2024Q1 | airc |
Redemption Of Operating Partnership Units In Exchange For Cash
RedemptionOfOperatingPartnershipUnitsInExchangeForCash
|
3793000 | usd |
CY2024Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3717000 | usd |
CY2024Q1 | airc |
Effect Of Changes In Ownership For Consolidated Entities
EffectOfChangesInOwnershipForConsolidatedEntities
|
0 | usd |
CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-2101000 | usd |
CY2024Q1 | us-gaap |
Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
|
-5848000 | usd |
CY2024Q1 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
64649000 | usd |
CY2024Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
9071000 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
-46000 | usd |
CY2024Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
145104220 | shares |
CY2024Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2468675000 | usd |
CY2024Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-4278000 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-9948000 | usd |
CY2024Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
79754000 | usd |
CY2023Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
95666000 | usd |
CY2024Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | usd |
CY2023Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-2008000 | usd |
CY2024Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
319000 | usd |
CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
139000 | usd |
CY2024Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-13784000 | usd |
CY2023Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-5955000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
|
12676000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
|
4926000 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
76903000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
88894000 | usd |
CY2024Q1 | us-gaap |
Payments To Acquire Residential Real Estate
PaymentsToAcquireResidentialRealEstate
|
90497000 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Residential Real Estate
PaymentsToAcquireResidentialRealEstate
|
180673000 | usd |
CY2024Q1 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
19682000 | usd |
CY2023Q1 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
34278000 | usd |
CY2024Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
3207000 | usd |
CY2023Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-23689000 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-113386000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-191262000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
0 | usd |
CY2023Q1 | us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
320000000 | usd |
CY2024Q1 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
7179000 | usd |
CY2023Q1 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
96294000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
145000000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
-217000000 | usd |
CY2024Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
24595000 | usd |
CY2023Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | usd |
CY2024Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
65105000 | usd |
CY2023Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
67121000 | usd |
CY2024Q1 | us-gaap |
Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
|
3793000 | usd |
CY2023Q1 | us-gaap |
Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
|
10529000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-10599000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-13007000 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
33729000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-83951000 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-2754000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-186319000 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
117491000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
301405000 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
114737000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
115086000 | usd |
CY2023Q1 | airc |
Partners Capital Account Effect Of Changes In Ownership Of Partnership Units And Consolidated
PartnersCapitalAccountEffectOfChangesInOwnershipOfPartnershipUnitsAndConsolidated
|
0 | usd |
CY2024Q1 | airc |
Partners Capital Account Effect Of Changes In Ownership Of Partnership Units And Consolidated
PartnersCapitalAccountEffectOfChangesInOwnershipOfPartnershipUnitsAndConsolidated
|
0 | usd |
CY2024Q1 | 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 months ended March 31, 2024, are not necessarily indicative of the results that may be expected for the year ending December 31, 2024.</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, 2023, 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, 2023. 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 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 March 31, 2024, our portfolio included 76 apartment communities with 27,015 apartment homes, in which we held an average ownership of approximately 82%. </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 March 31, 2024, after elimination of units held by consolidated subsidiaries, the AIR Operating Partnership had 158,247,357 common OP Units and equivalents outstanding. As of March 31, 2024, AIR owned 145,104,220 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 91.7% legal interest in the AIR Operating Partnership and a 93.7% economic interest.</span></div> | |
CY2024Q1 | airc |
Number Of States And District
NumberOfStatesAndDistrict
|
10 | stateanddistrict |
CY2024Q1 | airc |
Number Of Consolidated Variable Interest Entities
NumberOfConsolidatedVariableInterestEntities
|
5 | entity |
CY2023Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Preferred Carrying Amount
RedeemableNoncontrollingInterestEquityPreferredCarryingAmount
|
77140000 | usd |
CY2024Q1 | airc |
Distributions Preferred Unitholders Cash
DistributionsPreferredUnitholdersCash
|
1570000 | usd |
CY2024Q1 | us-gaap |
Temporary Equity Net Income
TemporaryEquityNetIncome
|
1570000 | usd |
CY2024Q1 | us-gaap |
Redeemable Noncontrolling Interest Equity Preferred Carrying Amount
RedeemableNoncontrollingInterestEquityPreferredCarryingAmount
|
77140000 | usd |
CY2024Q1 | 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> | |
CY2024Q1 | airc |
Dividends And Distributions Paid Per Share And Unit
DividendsAndDistributionsPaidPerShareAndUnit
|
0.45 | |
CY2023Q1 | airc |
Dividends And Distributions Paid Per Share And Unit
DividendsAndDistributionsPaidPerShareAndUnit
|
0.45 | |
CY2024Q1 | us-gaap |
Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
|
179359000 | usd |
CY2023Q1 | us-gaap |
Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
|
196336000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
|
12826000 | usd |
CY2023Q1 | us-gaap |
Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
|
13288000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
192185000 | usd |
CY2023Q1 | us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
209624000 | usd |
CY2024Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
|
344334000 | usd |
CY2024Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
|
148584000 | usd |
CY2024Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
|
21498000 | usd |
CY2024Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
|
11713000 | usd |
CY2024Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
|
9604000 | usd |
CY2024Q1 | airc |
Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
|
30872000 | usd |
CY2024Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
|
566605000 | usd |
CY2024Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
3349049000 | usd |
CY2023Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
3210344000 | usd |
CY2023Q4 | us-gaap |
Derivative Average Variable Interest Rate
DerivativeAverageVariableInterestRate
|
0.045 | |
CY2023Q4 | us-gaap |
Receivables With Imputed Interest Amortization Amount
ReceivablesWithImputedInterestAmortizationAmount
|
8500000 | usd |
CY2023Q4 | us-gaap |
Investment Interest Rate
InvestmentInterestRate
|
0.0725 | |
CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
|
2100000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
|
-4200000 | usd |
CY2024Q1 | us-gaap |
Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
|
6100000 | usd |
CY2024Q1 | us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
9600000 | usd |
CY2023Q1 | us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
-2100000 | usd |
CY2024Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment |
CY2024Q1 | us-gaap |
Revenues
Revenues
|
195622000 | usd |
CY2024Q1 | airc |
Other Operating Expenses Not Allocated To Reportable Segment
OtherOperatingExpensesNotAllocatedToReportableSegment
|
101336000 | usd |
CY2024Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
169075000 | usd |
CY2024Q1 | airc |
Operating Income Loss Property
OperatingIncomeLossProperty
|
26547000 | usd |
CY2024Q1 | airc |
Other Items Included In Continuing Operations
OtherItemsIncludedInContinuingOperations
|
-30506000 | usd |
CY2024Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-3959000 | usd |
CY2023Q1 | us-gaap |
Revenues
Revenues
|
211993000 | usd |
CY2023Q1 | airc |
Other Operating Expenses Not Allocated To Reportable Segment
OtherOperatingExpensesNotAllocatedToReportableSegment
|
106506000 | usd |
CY2023Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
181959000 | usd |
CY2023Q1 | airc |
Operating Income Loss Property
OperatingIncomeLossProperty
|
30034000 | usd |
CY2023Q1 | airc |
Other Items Included In Continuing Operations
OtherItemsIncludedInContinuingOperations
|
-39843000 | usd |
CY2023Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-9809000 | usd |
CY2024Q1 | us-gaap |
Assets
Assets
|
6198306000 | usd |
CY2023Q4 | us-gaap |
Assets
Assets
|
6134752000 | usd |
CY2024Q1 | us-gaap |
Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
|
27422000 | usd |
CY2023Q1 | us-gaap |
Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
|
33411000 | usd |