Apartment Income REIT Corp. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 193.22 million compared to USD 205.51 million a year ago. Revenue was USD 196.36 million compared to USD 207.87 million a year ago. Net loss was USD 16.21 million compared to net income of USD 329.57 million a year ago. Basic loss per share from continuing operations was USD 0.11 compared to basic earnings per share from continuing operations of USD 2.2 a year ago. Diluted loss per share from continuing operations was USD 0.11 compared to diluted earnings per share from continuing operations of USD 2.17 a year ago.
For the full year, sales was USD 809.88 million compared to USD 764.19 million a year ago. Revenue was USD 820.04 million compared to USD 773.72 million a year ago. Net income was USD 635.1 million compared to USD 904.43 million a year ago. Basic earnings per share from continuing operations was USD 4.29 compared to USD 5.86 a year ago. Diluted earnings per share from continuing operations was USD 4.27 compared to USD 5.81 a year ago.