Apartment Investment and Management Company(AIV)Earnings, Financials & Key Ratios

AIV•NYSE•REIT / Real Estate

$4.25

$596M mkt cap·1.1× P/E·Price updated May 6, 2026

SectorReal Estate IndustryResidential REITs Sub-IndustryValue-add and redevelopment apartments

AboutAimco is a Real Estate Investment Trust focused on property development, redevelopment, and various other value-creating investment strategies, targeting the U.S. multifamily market. Aimco's mission is to make real estate investments where outcomes are enhanced through human capital and substantial value is created for investors, teammates, and the communities in which we operate. Aimco is traded on the New York Stock Exchange as AIV. For more information about Aimco, please visit our website www.aimco.com.Show more

Revenue$0-100.0%
FFO$612M+3900.9%
FFO/Share4.34+3831.9%
FFO Payout67.87%
FFO per Share4.34+3831.9%
ROE133.1%+687.1%
ROA30.5%+702.2%
Net Debt/EBITDA-3.95-131.9%
Book Value/Share3.69+63.5%

Technical→

AIV Key Insights

Apartment Investment and Management Company (AIV) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Excellent 3Y average ROE of 28.8%
✓FFO growing 3449.9% TTM
✓Sustainable FFO payout ratio of 67.9%
✓Trading at only 1.2x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Weak momentum: RS Rating 19 (bottom 19%)
✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

AIV Price & Volume

Apartment Investment and Management Company (AIV) stock price & volume — 10-year historical chart

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AIV Growth Metrics

Apartment Investment and Management Company (AIV) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-

5 Years-

3 Years-

TTM0.91%

Profit CAGR

10 Years8.38%

5 Years-

3 Years94.13%

TTM640.67%

EPS CAGR

10 Years6.66%

5 Years-

3 Years99.15%

TTM619.18%

Return on Capital

10 Years4.41%

5 Years-0.32%

3 Years0.93%

Last Year2.3%

AIV Recent Earnings

Apartment Investment and Management Company (AIV) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 5/12 qtrs (50%)●Beat Revenue 5/12 qtrs (50%)

Q2 2026Latest

Mar 2, 2026

EPS

$1.06

Est $0.11

+1063.6%

Revenue

$35M

Est $57M

-38.9%

Q4 2025

Nov 10, 2025

EPS

$0.60

Est $0.11

-445.5%

Revenue

$35M

Est $56M

-37.4%

Q3 2025

Aug 11, 2025

EPS

$0.14

Est $0.11

-27.3%

Revenue

$53M

Est $55M

-3.4%

Q2 2025

May 8, 2025

EPS

$0.10

Est $0.12

+16.7%

Revenue

$52M

Est $54M

-2.4%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Mar 2, 2026	$1.06vs $0.11+1063.6%	$35Mvs $57M-38.9%
Q4 2025	Nov 10, 2025	$0.60vs $0.11-445.5%	$35Mvs $56M-37.4%
Q3 2025	Aug 11, 2025	$0.14vs $0.11-27.3%	$53Mvs $55M-3.4%
Q2 2025	May 8, 2025	$0.10vs $0.12+16.7%	$52Mvs $54M-2.4%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	FCF Yield	Debt / Equity
AVBAvalonBay Communities, Inc.Direct Competitor	25.77B	185.25	25.07	4.29%	34.64%	8.76%	5.49%	0.79
EQREquity ResidentialDirect Competitor	24.82B	66.25	22.77	4.06%	30.56%	8.4%	5.2%	0.77
UDRUDR, Inc.Direct Competitor	12.04B	36.94	32.69	2.42%	28.6%	12.37%	5.1%	1.49
CPTCamden Property TrustDirect Competitor	10.97B	104.74	29.59	1.92%	32.81%	8.71%	3.52%	0.88
ESSEssex Property Trust, Inc.Direct Competitor	17.2B	266.69	25.62	7.11%	30.17%	9.99%	6.25%	1.20
MAAMid-America Apartment Communities, Inc.Product Competitor	15.14B	130.16	34.43	0.83%	18.19%	6.81%	4.74%	0.93
NXRTNexPoint Residential Trust, Inc.Product Competitor	748.15M	29.48	-23.40	-3.24%	-12.67%	-10.13%	11.17%	5.18
IRTIndependence Realty Trust, Inc.Product Competitor	3.89B	16.50	68.75	2.76%	7.27%	1.35%	3.77%	0.64

Compare AIV vs Peers

Apartment Investment and Management Company (AIV) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs AVB

Most directly comparable listed peer for AIV.

Scale Benchmark

vs CBRE

Larger-name benchmark to compare AIV against a more recognizable public peer.

Peer Set

Compare Top 5

vs AVB, EQR, UDR, CPT

AIV Income Statement

Apartment Investment and Management Company (AIV) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Revenue	1.01B	132.16M	144.63M	151.45M	169.84M	190.34M	187M	208.68M	0
Revenue Growth %	0.96%	-86.86%	9.43%	4.72%	12.14%	12.08%	-1.76%	11.6%	-100%
Property Operating Expenses	720.77M	53.55M	57.54M	61.51M	67.61M	71.79M	73.71M	90.98M	0
Net Operating Income (NOI)	284.67M▲ 0%	78.61M▼ 72.4%	87.09M▲ 10.8%	89.94M▲ 3.3%	102.22M▲ 13.7%	118.55M▲ 16.0%	113.28M▼ 4.4%	117.69M▲ 3.9%	0▼ 100.0%
NOI Margin %	28.31%	59.48%	60.21%	59.38%	60.19%	62.28%	60.58%	56.4%	-
Operating Expenses	54.8M	55.14M	7.06M	89.94M	117.86M	198.64M	101.7M	119.2M	68.36M
G&A Expenses	0	5.77M	7.06M	10.47M	33.15M	39.67M	32.87M	32.84M	34.03M
EBITDA	1.14B	780.12M	144.05M	89.56M	69.07M	78.88M	80.42M	84.86M	100.03M
EBITDA Margin %	113.56%	590.27%	99.6%	59.13%	40.67%	41.44%	43.01%	40.66%	-
Depreciation & Amortization	775.57M	756.65M	64.03M	77.97M	84.71M	158.97M	68.83M	86.36M	58.28M
D&A / Revenue %	77.14%	572.52%	44.27%	51.48%	49.88%	83.52%	36.81%	41.38%	-
Operating Income	366.18M▲ 0%	23.47M▼ 93.6%	80.02M▲ 241.0%	0▼ 100.0%	-15.64M▲ 0%	-80.09M▼ 412.1%	11.58M▲ 114.5%	-1.5M▼ 113.0%	41.75M▲ 2881.3%
Operating Margin %	36.42%	17.76%	55.33%	0%	-9.21%	-42.08%	6.19%	-0.72%	-
Interest Expense	194.62M	19.64M	18.6M	27.51M	52.9M	73.84M	37.72M	70.06M	59.43M
Interest Coverage	1.88x	1.19x	4.30x	-	-0.30x	-1.08x	0.31x	-0.02x	0.70x
Non-Operating Income	136.32M	155K	64.03M	-11.59M	-49.99M	-263.35M	143.94M	35.51M	-1.83M
Pretax Income	596.05M▲ 0%	3.67M▼ 99.4%	-3.19M▼ 186.8%	-15.92M▼ 399.4%	-18.55M▼ 16.5%	109.42M▲ 689.9%	-170.07M▼ 255.4%	-107.07M▲ 37.0%	-15.85M▲ 85.2%
Pretax Margin %	59.28%	2.78%	-2.2%	-10.51%	-10.92%	57.49%	-90.95%	-51.31%	-
Income Tax	229.86M	261K	-3.3M	-10.15M	-13.57M	17.26M	-12.75M	-11.07M	57.59M
Effective Tax Rate %	38.56%	7.11%	103.54%	63.75%	73.15%	15.78%	7.5%	10.34%	-363.42%
Net Income	316.24M▲ 0%	3.24M▼ 99.0%	304K▼ 90.6%	-5.04M▼ 1758.2%	-5.91M▼ 17.2%	75.73M▲ 1381.3%	-166.2M▼ 319.5%	-102.47M▲ 38.3%	554.01M▲ 640.7%
Net Margin %	31.45%	2.45%	0.21%	-3.33%	-3.48%	39.78%	-88.88%	-49.1%	-
Net Income Growth %	392.02%	-98.97%	-90.63%	-1758.22%	-17.24%	1381.32%	-319.47%	38.35%	640.67%
Funds From Operations (FFO)	1.09B▲ 0%	759.9M▼ 30.4%	64.33M▼ 91.5%	72.92M▲ 13.4%	78.8M▲ 8.1%	234.69M▲ 197.8%	-97.36M▼ 141.5%	-16.11M▲ 83.5%	612.29M▲ 3900.9%
FFO Margin %	108.59%	574.97%	44.48%	48.15%	46.4%	123.3%	-52.07%	-7.72%	-
FFO Growth %	34.25%	-30.4%	-91.53%	13.35%	8.06%	197.83%	-141.48%	83.45%	3900.9%
FFO per Share	7.10	5.10	0.54	0.49	0.53	1.56	-0.68	-0.12	4.34
FFO Payout Ratio %	21.43%	32.39%	0%	0%	0%	1.3%	0%	0%	67.87%
EPS (Diluted)	2.06▲ 0%	0.02▼ 98.9%	0.00▼ 88.5%	-0.04▼ 1652.0%	-0.03▲ 14.2%	0.49▲ 1571.5%	-1.16▼ 336.7%	-0.74▲ 36.2%	3.87▲ 623.0%
EPS Growth %	390.48%	-98.94%	-88.53%	-	14.18%	1571.47%	-336.73%	36.21%	622.97%
EPS (Basic)	2.06	0.02	0.00	-0.04	-0.03	0.50	-1.16	-0.74	3.95
Diluted Shares Outstanding	153.8M	148.87M	119.99M	148.57M	149.48M	150.83M	143.62M	138.5M	141.06M

AIV Balance Sheet

Apartment Investment and Management Company (AIV) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Total Assets	6.08B	246.34M	1.26B	1.84B	2.43B	2.18B	2.09B	1.96B	1.68B
Asset Growth %	1654.32%	-95.95%	411.53%	46.06%	32.25%	-10.39%	-4.21%	-6.34%	-14.37%
Real Estate & Other Assets	-336.81M	-320.82M	938.32M	1.04B	1.28B	1.52B	1.65B	1.26B	0
PP&E (Net)	20.05M	18.31M	0	105.57M	439.62M	118.64M	119.66M	117.56M	106.44M
Investment Securities	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Total Current Assets	189.1M	139.22M	15.42M	356.12M	310.44M	290.5M	217.29M	529.8M	394.89M
Cash & Equivalents	142.54M	72.59M	5.4M	289.58M	233.37M	206.46M	122.6M	141.07M	394.89M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Other Current Assets	6.08B	6.29B	4.72M	-4.19M	-9.31M	5.94M	16.67M	307.45M	0
Intangible Assets	0	23.93M	13.38M	7.26M	3.27M	14.16M	13.49M	13.15M	0
Total Liabilities	4.32B	4.49B	741.85M	1.28B	1.84B	1.39B	1.5B	1.64B	1.12B
Total Debt	302.52M	87.62M	558.93M	1.07B	1.62B	1.16B	1.27B	1.2B	0
Net Debt	159.98M	15.02M	553.53M	779.29M	1.38B	956.36M	1.14B	1.05B	-394.89M
Long-Term Debt	3.84B	3.83B	558.93M	982.09M	1.18B	1.05B	1.15B	1.07B	0
Short-Term Borrowings	250M	246.34M	0	9.85M	0	2.9M	3.92M	161.66M	0
Capital Lease Obligations	0	0	0	86.78M	435.09M	114.63M	118.7M	121.84M	0
Total Current Liabilities	576.49M	414.92M	34.69M	76.7M	97.4M	106.6M	121.14M	350.65M	0
Accounts Payable	0	0	0	0	0	0	0	0	0
Deferred Revenue	12.49M	0	0	0	0	0	0	0	0
Other Liabilities	-527.05M	-67.06M	0	0	0	0	0	0	0
Total Equity	10.03B▲ 0%	10.19B▲ 1.7%	518.28M▼ 94.9%	563.35M▲ 8.7%	596.03M▲ 5.8%	792.18M▲ 32.9%	591.61M▼ 25.3%	312.3M▼ 47.2%	520.14M▲ 66.6%
Equity Growth %	0.39%	1.67%	-94.92%	8.7%	5.8%	32.91%	-25.32%	-47.21%	66.55%
Shareholders Equity	6.08B	6.19B	513.26M	499.78M	500.56M	547.85M	349.65M	122.96M	361.85M
Minority Interest	3.95B	4B	5.02M	63.58M	95.46M	244.33M	241.96M	189.34M	158.29M
Common Stock	1.57M	1.49M	513.26M	1.49M	1.5M	1.47M	1.41M	1.36M	1.4M
Additional Paid-in Capital	0	0	0	515.13M	521.84M	496.48M	464.54M	425M	0
Retained Earnings	1.66B	1.7B	0	-16.84M	-22.77M	49.9M	-116.29M	-303.41M	-68.69M
Preferred Stock	0	0	0	0	0	0	0	0	0
Return on Assets (ROA)	9.84%	0.1%	0.04%	-0.33%	-0.28%	3.28%	-7.78%	-5.06%	30.5%
Return on Equity (ROE)	3.16%	0.03%	0.01%	-0.93%	-1.02%	10.91%	-24.02%	-22.67%	133.1%
Debt / Assets	4.98%	35.57%	44.36%	58.08%	66.39%	53.31%	60.61%	61.41%	-
Debt / Equity	0.03x	0.01x	1.08x	1.90x	2.71x	1.47x	2.14x	3.85x	-
Net Debt / EBITDA	0.14x	0.02x	3.84x	8.70x	20.02x	12.12x	14.22x	12.39x	-3.95x
Book Value per Share	65.18	68.47	4.32	3.79	3.99	5.25	4.12	2.25	3.69

AIV Cash Flow Statement

Apartment Investment and Management Company (AIV) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Cash from Operations	392.07M	53.49M	57.93M	47.85M	12.59M	204.23M	50.47M	46.98M	8.09M
Operating CF Growth %	3.8%	-86.36%	8.31%	-17.41%	-73.69%	1522.69%	-75.29%	-6.9%	-82.78%
Operating CF / Revenue %	39%	40.47%	40.05%	31.59%	7.41%	107.3%	26.99%	22.51%	-
Net Income	315.45M	3.41M	304K	-5.77M	-4.98M	92.16M	-157.32M	-96M	554.01M
Depreciation & Amortization	366.18M	49.38M	64.03M	77.97M	84.71M	158.97M	68.83M	86.36M	58.28M
Stock-Based Compensation	0	0	0	0	5.27M	7.47M	9.22M	6.49M	5.9M
Other Non-Cash Items	489.43M	647K	-5.51M	-11.1M	-36.53M	-45.11M	148.64M	62.08M	-552.5M
Working Capital Changes	-31.24M	732K	-893K	-3.1M	-22.31M	-26.52M	-6.15M	-873K	0
Cash from Investing	-301.25M	-37.84M	-407.94M	-129.32M	-271.41M	-120.75M	-260.4M	30.6M	874.97M
Acquisitions (Net)	-314.27M	-3.58M	4.91M	0	29.65M	-15.67M	-3.79M	0	0
Purchase of Investments	-20.37M	-242.3M	-95.89M	0	-23.27M	-14.23M	-53.77M	0	0
Sale of Investments	1000K	1000K	0	0	-1000K	1000K	1000K	0	0
Other Investing	-10.92M	-9.23M	-277.63M	-105.44M	-70.33M	130.19M	14.93M	190.63M	974.59M
Cash from Financing	-79.43M	-15.92M	355.33M	370.09M	204.67M	-98.29M	119.43M	-43.9M	-648.82M
Dividends Paid	-233.97M	-246.1M	0	0	0	-3.04M	0	0	-415.56M
Common Dividends	-233.97M	0	0	0	0	-3.04M	0	0	0
Debt Issuance (Net)	0	1000K	1000K	-1000K	1000K	-1000K	1000K	1000K	0
Share Repurchases	0	-373.59M	0	0	-76K	-23.49M	-47.92M	-39.93M	-256K
Other Financing	154.54M	-192.3M	284.43M	414.29M	15.06M	95.48M	81.58M	-63.8M	-233.26M
Net Change in Cash	11.39M▲ 0%	-281K▼ 102.5%	-62.48M▼ 22133.1%	288.62M▲ 562.0%	-54.15M▼ 118.8%	-14.82M▲ 72.6%	-90.5M▼ 510.8%	33.69M▲ 137.2%	234.24M▲ 595.3%
Exchange Rate Effect	0	0	-1000K	0	0	0	0	0	0
Cash at Beginning	131.15M	5.09M	72.59M	10.12M	298.74M	244.58M	229.77M	139.27M	172.96M
Cash at End	142.54M	4.8M	10.12M	298.74M	244.58M	229.77M	139.27M	172.96M	407.2M
Free Cash Flow	33.97M▲ 0%	15.64M▼ 54.0%	18.59M▲ 18.9%	23.96M▲ 28.8%	-165.22M▼ 789.7%	-33.29M▲ 79.9%	-222.03M▼ 566.9%	-113.04M▲ 49.1%	-91.53M▲ 19.0%
FCF Growth %	9.3%	-53.95%	18.88%	28.84%	-789.66%	79.85%	-566.94%	49.09%	19.03%
FCF / Revenue %	3.38%	11.84%	12.86%	15.82%	-97.28%	-17.49%	-118.74%	-54.17%	-

AIV Key Ratios

Apartment Investment and Management Company (AIV) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
FFO per Share	5.36	7.1	5.1	0.54	0.49	0.53	1.56	-0.68	-0.12	4.34
FFO Payout Ratio	26.59%	21.43%	32.39%	0%	0%	0%	1.3%	0%	0%	67.87%
NOI Margin	30.73%	28.31%	59.48%	60.21%	59.38%	60.19%	62.28%	60.58%	56.4%	-
Net Debt / EBITDA	0.06x	0.14x	0.02x	3.84x	8.70x	20.02x	12.12x	14.22x	12.39x	-3.95x
Debt / Assets	55.3%	4.98%	35.57%	44.36%	58.08%	66.39%	53.31%	60.61%	61.41%	-
Interest Coverage	1.70x	1.88x	1.19x	4.30x	-	-0.30x	-1.08x	0.31x	-0.02x	0.70x
Book Value / Share	65.87	65.18	68.47	4.32	3.79	3.99	5.25	4.12	2.25	3.69
Revenue Growth	1.48%	0.96%	-86.86%	9.43%	4.72%	12.14%	12.08%	-1.76%	11.6%	-100%

AIV SEC Filings & Documents

Apartment Investment and Management Company (AIV) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Mar 30, 2026·SEC

Material company update

Mar 6, 2026·SEC

Material company update

Mar 2, 2026·SEC

10-K Annual Reports

FY 2026

Mar 2, 2026·SEC

FY 2025

Feb 24, 2025·SEC

FY 2024

Feb 26, 2024·SEC

10-Q Quarterly Reports

FY 2025

Nov 10, 2025·SEC

FY 2025

Aug 11, 2025·SEC

FY 2025

May 8, 2025·SEC

AIV Frequently Asked Questions

Apartment Investment and Management Company (AIV) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Apartment Investment and Management Company (AIV) reported $192.6M in revenue for fiscal year 2025. This represents a 77% increase from $108.9M in 1996.

Apartment Investment and Management Company (AIV) saw revenue decline by 100.0% over the past year.

Yes, Apartment Investment and Management Company (AIV) is profitable, generating $554.0M in net income for fiscal year 2025 (287.7% net margin).

Dividend & Returns

Yes, Apartment Investment and Management Company (AIV) pays a dividend with a yield of 69.32%. This makes it attractive for income-focused investors.

Apartment Investment and Management Company (AIV) has a return on equity (ROE) of 133.1%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics

Apartment Investment and Management Company (AIV) generated Funds From Operations (FFO) of $612.3M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Apartment Investment and Management Company (AIV) offers a 69.32% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

Explore More AIV

Apartment Investment and Management Company (AIV) financial analysis — history, returns, DCA and operating performance tools

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Dividend History

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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Apartment Investment and Management Company(AIV)Earnings, Financials & Key Ratios

AIV Key Insights

✓Strengths

✗Weaknesses

AIV Price & Volume

AIV Growth Metrics

Revenue CAGR

Profit CAGR

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