$Apartment Income (AIRC.US)$When it went public in 2020, rev...
$Apartment Income (AIRC.US)$When it went public in 2020, revenue declined sharply in the first three years, then recovered in the next two years. Overall, operating profit was similar. However, the overall contraction was more serious. Net profit was mainly affected by asset sales proceeds. In 2020, it slipped into loss. It has increased sharply in the past two years, with an average net profit of 510 million for 5 years.
In the first half of 2023, revenue increased by 16.9%, operating profit increased by 28.9%, and net profit turned into loss due to the disappearance of asset sales proceeds.
Total assets are 6.4 billion dollars, of which 5.7 billion is real estate, total liabilities are 4.2 billion yuan, and the debt ratio is very high.
Currently, the price-earnings ratio is 5.3, and the price-earnings ratio is TTM15. If the price-earnings ratio is 9 based on the 5-year average net profit, the price-earnings ratio is 2.3, and the dividend rate is 5.9%, observe a few more quarters before making a judgment.
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