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Income Statement Highlights for ARE


Sales and Profits

Educational Information

Revenue is a company's gross amount of money made, sometimes refered to as the 'top line'-item, or Sales.
Net Income, also refered to as Profits, Earnings, or the 'bottom line', is the money that's left after all bills are paid.
Both 'line'-phrases refer to the stats' relative position on an Income Statement.
Profit Margin is just Net Income divided by Revenue for the given year.


Category Year Revenue Revenue GR Net Income Net Income GR Profit Margin
Average 14.613% -8.711% 22.676%
2024 $3,116,394,000 7.994% $322,949,000 211.610% 10.360%
2023 $2,885,699,000 11.462% $103,639,000 -80.133% 3.590%
2022 $2,588,962,000 22.459% $521,660,000 -8.680% 20.150%
2021 $2,114,150,000 12.119% $571,247,000 -25.904% 27.020%
2020 $1,885,637,000 23.140% $770,959,000 112.289% 40.890%
2019 $1,531,296,000 15.355% $363,165,000 -4.257% 23.720%
2018 $1,327,459,000 17.672% $379,312,000 124.322% 28.570%
2017 $1,128,097,000 22.392% $169,093,000 356.586% 14.990%
2016 $921,706,000 9.275% $-65,901,000 -145.696% -7.150%
2015 $843,474,000 16.041% $144,217,000 41.982% 17.100%

EPS-Related Stats

Educational Information

Earnings per Share is just the Net Income divided by the number of Shares Outstanding.
Some companies report EPS to the SEC and some don't, so we've included a calculated version to provide context when reported values are lacking.
If all shares data is unfound in SEC records, shares outstanding null values have been replaced with one (1), which may skew EPS calculations dramatically.


Category Year Shares Shares GR Reported EPS Reported EPS GR Calculated EPS Calculated EPS GR
Average 11.252% $2.32/share -8.813% $2.67/share -16.762%
2024 172,071,000 0.680% $1.80/share 233.333% $1.88/share 208.197%
2023 170,909,000 5.722% $0.54/share -83.019% $0.61/share -81.115%
2022 161,659,000 10.031% $3.18/share -16.971% $3.23/share -16.967%
2021 146,921,000 16.506% $3.83/share -36.484% $3.89/share -36.334%
2020 126,106,000 12.390% $6.03/share 92.652% $6.11/share 88.580%
2019 112,204,000 8.925% $3.13/share -11.331% $3.24/share -11.957%
2018 103,010,000 12.523% $3.53/share 122.013% $3.68/share 98.919%
2017 91,546,000 20.292% $1.59/share 179.899% $1.85/share 312.644%
2016 76,103,000 6.395% $-1.99/share -222.086% $-0.87/share -143.069%
2015 71,529,000 0.504% $1.63/share 49.541% $2.02/share 41.259%

REIT-related Stats

Educational Information

FFO is the REIT-equivalent of Net Income, and we use that to calculate REIT EPS: FFO divided by Shares Outstanding.
We don't have the necessary data available at this time to calculate AFFO, Adjusted Funds from Operations, which is a more accurate Net Income proxy for REITS.
However, the FFO numbers here can be used as a reliable substitute in lieu of that current deficiency in our models.
If the company you're looking at isn't a REIT, this table can be ignored altogether.
If stats on sales of property weren't found, null values were replaced with zero (0), which may skew FFO calculations.


Category Year FFO FFO GR Shares Shares GR REIT EPS REIT EPS GR
Average 4.949% 11.252% $5.47/share -6.231%
2024 $454,926,000 417.602% 172,071,000 0.680% $2.64/share 414.107%
2023 $87,891,000 -64.131% 170,909,000 5.722% $0.51/share -66.072%
2022 $245,031,000 -65.291% 161,659,000 10.031% $1.52/share -68.456%
2021 $705,966,000 -19.608% 146,921,000 16.506% $4.81/share -30.998%
2020 $878,159,000 40.628% 126,106,000 12.390% $6.96/share 25.125%
2019 $624,454,000 -2.521% 112,204,000 8.925% $5.57/share -10.508%
2018 $640,601,000 48.845% 103,010,000 12.523% $6.22/share 32.280%
2017 $430,382,000 124.540% 91,546,000 20.292% $4.70/share 86.662%
2016 $191,673,000 -51.238% 76,103,000 6.395% $2.52/share -54.169%
2015 $393,080,000 21.384% 71,529,000 0.504% $5.50/share 20.775%