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Apartment Investment and Management Company (AIV) 10-Year Financial Performance & Capital Metrics

AIV • • REIT / Real Estate
Real EstateResidential REITsMultifamily ApartmentsNational Multifamily Operators
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 $209M +11.6%
  • FFO -$16M +83.5%
  • FFO/Share -0.12 +82.8%
  • FFO Payout 0%
  • FFO per Share -0.12 +82.8%
  • NOI Margin 56.4% -6.9%
  • FFO Margin -7.72% +85.2%
  • ROE -22.67% +5.6%
  • ROA -5.06% +34.9%
  • Debt/Assets 60.94% +0.5%
  • Net Debt/EBITDA 12.39 -12.9%
  • Book Value/Share 2.25 -45.3%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓FFO growing 292.0% TTM
  • ✓Share count reduced 3.6% through buybacks

✗Weaknesses

  • ✗High debt to equity ratio of 3.8x
  • ✗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.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-14.37%
5Y7.61%
3Y7.11%
TTM4.51%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM199.81%

EPS CAGR

10Y-
5Y-
3Y-
TTM199.11%

ROCE

10Y Avg4.64%
5Y Avg-0.98%
3Y Avg-1.05%
Latest-0.08%

Peer Comparison

National Multifamily Operators
Select Columns
Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
Safety & Leverage
TTM Growth
Famous Investor Metrics
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Latest Quarter
Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
UDRUDR, Inc.12.25B37.08142.622.72%8.8%3.61%4.94%1.35
CPTCamden Property Trust11.53B108.3572.230.12%17.15%5.84%3.31%0.73
MAAMid-America Apartment Communities, Inc.15.86B135.4430.161.98%25.23%9.24%4.89%0.81
AVBAvalonBay Communities, Inc.25.6B180.8023.795.27%38.81%9.61%5.51%0.69
EQREquity Residential23.27B61.1722.493.69%37.58%10.09%5.39%0.73
AIVApartment Investment and Management Company854.37M5.93-8.0111.6%125.34%95.46%3.82

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Revenue+981.31M995.85M1.01B132.16M144.63M151.45M169.84M190.34M187M208.68M
Revenue Growth %-0%0.01%0.01%-0.87%0.09%0.05%0.12%0.12%-0.02%0.12%
Property Operating Expenses671.55M689.83M720.77M53.55M57.54M61.51M67.61M71.79M73.71M90.98M
Net Operating Income (NOI)+----------
NOI Margin %----------
Operating Expenses+53.5M59.19M54.8M55.14M7.06M89.94M117.86M198.64M101.7M119.2M
G&A Expenses0005.77M7.06M10.47M33.15M39.67M32.87M32.84M
EBITDA+562.56M1.08B1.14B780.12M144.05M89.56M69.07M78.88M80.42M84.86M
EBITDA Margin %----------
Depreciation & Amortization+306.3M749.01M775.57M756.65M64.03M77.97M84.71M158.97M68.83M86.36M
D&A / Revenue %----------
Operating Income+256.26M333.07M366.18M23.47M80.02M0-15.64M-80.09M11.58M-1.5M
Operating Margin %----------
Interest Expense+197.96M196.39M194.62M19.64M18.6M27.51M52.9M73.84M37.72M70.06M
Interest Coverage1.29x1.70x1.88x1.19x4.30x--0.30x-1.08x0.31x-0.02x
Non-Operating Income086.23M136.32M155K64.03M-11.59M-49.99M-263.35M143.94M35.51M
Pretax Income+63.87M579.91M596.05M3.67M-3.19M-15.92M-18.55M109.42M-170.07M-107.07M
Pretax Margin %----------
Income Tax+-27.52M246.84M229.86M261K-3.3M-10.15M-13.57M17.26M-12.75M-11.07M
Effective Tax Rate %----------
Net Income+247.76M64.28M316.24M3.24M304K-5.04M-5.91M75.73M-166.2M-102.47M
Net Margin %----------
Net Income Growth %11.02%-0.74%3.92%-0.99%-0.91%-17.58%-0.17%13.81%-3.19%0.38%
Funds From Operations (FFO)+----------
FFO Margin %----------
FFO Growth %0.83%0.47%0.34%-0.3%-0.92%0.13%0.08%1.98%-1.41%0.83%
FFO per Share+----------
FFO Payout Ratio %----------
EPS (Diluted)+2.030.422.060.020.00-0.04-0.030.49-1.16-0.74
EPS Growth %12.53%-0.79%3.9%-0.99%-0.89%-0.14%15.71%-3.37%0.36%
EPS (Basic)2.040.422.060.020.00-0.04-0.030.50-1.16-0.74
Diluted Shares Outstanding121.84M151.6M153.8M148.87M119.99M148.57M149.48M150.83M143.62M138.5M

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Assets+6.12B346.52M6.08B246.34M1.26B1.84B2.43B2.18B2.09B1.96B
Asset Growth %0%-0.94%16.54%-0.96%4.12%0.46%0.32%-0.1%-0.04%-0.06%
Real Estate & Other Assets+282.61M-6.01B-336.81M-320.82M2.35M-7.26M1.28B1.52B1.65B1.26B
PP&E (Net)05.76B20.05M18.31M935.97M0439.62M118.64M119.66M122.26M
Investment Securities1000K1000K1000K1000K1000K01000K1000K1000K1000K
Total Current Assets+50.79M162.14M189.1M139.22M15.42M0310.44M290.5M217.29M529.8M
Cash & Equivalents137.75M131.15M142.54M72.59M5.4M298.74M233.37M206.46M122.6M141.07M
Receivables01000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Assets-137.75M6.23B6.08B6.19B7.71M-342.77M-9.31M5.94M16.67M307.45M
Intangible Assets023.45M20.95M23.93M13.38M03.27M14.16M13.49M13.15M
Total Liabilities4.27B1.57M1.57M1.49M741.85M1.28B1.84B1.39B1.5B1.64B
Total Debt+3.85B191.62M302.52M87.62M558.93M1.17B1.62B1.16B1.27B1.19B
Net Debt3.71B60.47M159.98M15.02M553.53M869.44M1.38B956.36M1.14B1.05B
Long-Term Debt3.85B49.37M12.49M3.83B558.93M973.45M1.18B1.05B1.15B915.35M
Short-Term Borrowings1000K1000K1000K1000K01000K0001000K
Capital Lease Obligations0125M125M125M0184.88M435.09M114.63M118.7M121.84M
Total Current Liabilities+100.17M554.28M576.49M414.92M22.23M097.4M106.6M121.14M350.65M
Accounts Payable0000000000
Deferred Revenue64.05M49.37M12.49M0000000
Other Liabilities-3.94B-354.46M-527.05M-8.22B160.69M-1.29B000155.31M
Total Equity+2B9.99B10.03B10.19B518.28M563.35M596.03M792.18M591.61M312.3M
Equity Growth %0.52%3.99%0%0.02%-0.95%0.09%0.06%0.33%-0.25%-0.47%
Shareholders Equity1.62B6.23B6.08B6.19B513.26M499.78M500.56M547.85M349.65M122.96M
Minority Interest380.81M3.75B3.95B4B5.02M63.58M95.46M244.33M241.96M189.34M
Common Stock1.56M1.57M1.57M1.49M513.26M1.49M1.5M1.47M1.41M1.36M
Additional Paid-in Capital00000515.13M521.84M496.48M464.54M425M
Retained Earnings-2.6B1.79B1.66B1.7B0-16.84M-22.77M49.9M-116.29M-303.41M
Preferred Stock159.13M000000000
Return on Assets (ROA)0.04%0.02%0.1%0%0%-0%-0%0.03%-0.08%-0.05%
Return on Equity (ROE)0.15%0.01%0.03%0%0%-0.01%-0.01%0.11%-0.24%-0.23%
Debt / Assets0.63%0.55%0.05%0.36%0.44%0.63%0.66%0.53%0.61%0.61%
Debt / Equity1.92x0.02x0.03x0.01x1.08x2.07x2.71x1.47x2.14x3.82x
Net Debt / EBITDA6.60x0.06x0.14x0.02x3.84x9.71x20.02x12.12x14.22x12.39x
Book Value per Share16.4465.8765.1868.474.323.793.995.254.122.25

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+359.89M377.72M392.07M53.49M57.93M47.85M12.59M204.23M50.47M46.98M
Operating CF Growth %0.12%0.05%0.04%-0.86%0.08%-0.17%-0.74%15.23%-0.75%-0.07%
Operating CF / Revenue %----------
Net Income247.76M429.77M315.45M3.41M304K-5.77M-4.98M92.16M-157.32M-96M
Depreciation & Amortization306.3M333.07M366.18M49.38M64.03M77.97M84.71M158.97M68.83M86.36M
Stock-Based Compensation0000005.27M7.47M9.22M6.49M
Other Non-Cash Items461.86M312.81M489.43M647K-5.51M-11.1M-36.53M-45.11M148.64M62.08M
Working Capital Changes-21.71M-26.23M-31.24M732K-893K-3.1M-22.31M-26.52M-6.15M-873K
Cash from Investing+-175.41M-124.26M-301.25M-37.84M-407.94M-129.32M-271.41M-120.75M-260.4M30.6M
Acquisitions (Net)-4.52M-26.48M-314.27M-3.58M4.91M029.65M-15.67M-3.79M0
Purchase of Investments-169.88M-290.73M-20.37M-242.3M-95.89M0-23.27M-14.23M-53.77M0
Sale of Investments1000K1000K1000K1000K00-1000K1000K1000K0
Other Investing-1.41M2.71M-10.92M-9.23M-277.63M-105.44M-70.33M130.19M14.93M190.63M
Cash from Financing+-162.66M-243.01M-79.43M-15.92M355.33M370.09M204.67M-98.29M119.43M-43.9M
Dividends Paid-195.18M-216.29M-233.97M-246.1M000-3.04M00
Common Dividends-195.18M-216.29M-233.97M0000-3.04M00
Debt Issuance (Net)-1000K1000K01000K1000K-1000K1000K-1000K1000K1000K
Share Repurchases-27M-34.8M0-373.59M00-76K-23.49M-47.92M-39.93M
Other Financing-60.04M-28.62M154.54M-192.3M284.43M414.29M15.06M95.48M81.58M-63.8M
Net Change in Cash+21.82M80.36M11.39M-281K-62.48M288.62M-54.15M-14.82M-90.5M33.69M
Exchange Rate Effect0000-1000K00000
Cash at Beginning115.93M50.79M131.15M5.09M72.59M10.12M298.74M244.58M229.77M139.27M
Cash at End137.75M131.15M142.54M4.8M10.12M298.74M244.58M229.77M139.27M172.96M
Free Cash Flow+-7.29M31.08M33.97M15.64M18.59M23.96M-165.22M-33.29M-222.03M-113.04M
FCF Growth %0.98%5.26%0.09%-0.54%0.19%0.29%-7.9%0.8%-5.67%0.49%
FCF / Revenue %----------

Key Ratios

Metric2015201620172018201920202021202220232024
FFO per Share4.555.367.15.10.540.490.531.56-0.68-0.12
FFO Payout Ratio35.23%26.59%21.43%32.39%0%0%0%1.3%0%0%
NOI Margin31.57%30.73%28.31%59.48%60.21%59.38%60.19%62.28%60.58%56.4%
Net Debt / EBITDA6.60x0.06x0.14x0.02x3.84x9.71x20.02x12.12x14.22x12.39x
Debt / Assets62.91%55.3%4.98%35.57%44.36%63.47%66.39%53.31%60.61%60.94%
Interest Coverage1.29x1.70x1.88x1.19x4.30x--0.30x-1.08x0.31x-0.02x
Book Value / Share16.4465.8765.1868.474.323.793.995.254.122.25
Revenue Growth-0.31%1.48%0.96%-86.86%9.43%4.72%12.14%12.08%-1.76%11.6%

Revenue by Segment

2015201620172018201920202021202220232024
Operating Portfolio-----130.69M--149.77M140.1M
Operating Portfolio Growth----------6.46%
Redevelopmentand Development-----1.51M12.42M919K15.74M9.85M
Redevelopmentand Development Growth------719.67%-92.60%1613.17%-37.42%
Other Real Estate-----12.99M14.32M18.03M14.48M6.69M
Other Real Estate Growth------10.25%25.93%-19.68%-53.80%
Real Estate----914.29M-----
Real Estate Growth----------
Asset Management1----------
Asset Management1 Growth----------
Aimco Real Estate--3.61B854.24M------
Aimco Real Estate Growth----76.33%------
Conventional Real Estate1.6B1.61B--------
Conventional Real Estate Growth-0.75%--------
Affordable Real Estate193.1M201.49M--------
Affordable Real Estate Growth-4.35%--------

Frequently Asked Questions

Growth & Financials

Apartment Investment and Management Company (AIV) reported $194.4M in revenue for fiscal year 2024. This represents a 82% decrease from $1.08B in 2011.

Apartment Investment and Management Company (AIV) grew revenue by 11.6% over the past year. This is steady growth.

Yes, Apartment Investment and Management Company (AIV) is profitable, generating $243.7M in net income for fiscal year 2024 (-49.1% net margin).

Dividend & Returns

Apartment Investment and Management Company (AIV) has a return on equity (ROE) of -22.7%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Apartment Investment and Management Company (AIV) generated Funds From Operations (FFO) of $313.9M in the trailing twelve months. FFO is the primary profitability metric for REITs.

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