NYSE : AIV
Apartment Investment and Management Company — Financial statements
Real Estate · REIT - Residential · United States
Last price 1.64 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 250.78M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Rental Revenue | 138.49M | 138.49M | 137.70M | 119.92M | 190.34M | 169.84M |
| Other Revenue | 973.00K | |||||
| Total Revenue | 138.49M | 138.49M | 137.70M | 119.92M | 190.34M | 170.81M |
| Property Expenses | 66.16M | 66.16M | 66.08M | 50.66M | 70.09M | 67.61M |
| Selling, General & Administrative | 36.23M | 36.23M | 34.84M | 33.87M | 41.37M | 33.15M |
| Depreciation & Amortization | 58.28M | 58.28M | 77.13M | 58.12M | 73.27M | 84.71M |
| Total Operating Expenses | 183.56M | 183.56M | 178.05M | 142.64M | 184.73M | 185.48M |
| Operating Income | -45.07M | -45.07M | -40.35M | -22.71M | 5.61M | -14.67M |
| Interest Expense | -59.43M | -59.43M | -59.36M | -26.92M | -73.84M | -52.90M |
| Interest & Investment Income | 9.50M | 9.50M | 9.64M | 9.71M | 4.05M | 32.71M |
| Other Non-Operating Income | -4.66M | -4.66M | -3.83M | -6.54M | 35.41M | 9.72M |
| EBT Excluding Unusual Items | -99.66M | -99.66M | -93.90M | -46.46M | -28.77M | -25.14M |
| Gain (Loss) on Sale of Investments | -5.79M | -5.79M | -51.94M | -155.11M | -158.94M | 6.58M |
| Gain (Loss) on Sale of Assets | 237.06M | 237.06M | 10.60M | 7.98M | 175.86M | |
| Asset Writedown | -147.46M | -147.46M | -85.70M | |||
| Other Unusual Items | 206.96M | |||||
| Pretax Income | -15.85M | -15.85M | -135.23M | -193.59M | 109.42M | -18.55M |
| Income Tax Expense | -57.59M | -57.59M | -11.07M | -12.75M | 17.26M | -13.57M |
| Earnings From Continuing Operations | 41.75M | 41.75M | -124.16M | -180.84M | 92.16M | -4.98M |
| Earnings From Discontinued Operations | 551.22M | 551.22M | 28.16M | 23.52M | ||
| Net Income to Company | 592.97M | 592.97M | -96.00M | -157.32M | 92.16M | -4.98M |
| Minority Interest in Earnings | -38.96M | -38.96M | -6.47M | -8.88M | -16.43M | -930.00K |
| Net Income | 554.01M | 554.01M | -102.47M | -166.20M | 75.73M | -5.91M |
| Preferred Dividends & Other Adjustments | 6.85M | 6.85M | 1.52M | 1.09M | ||
| Net Income to Common | 547.16M | 547.16M | -103.99M | -166.20M | 74.64M | -5.91M |
| Basic Shares Outstanding | 138.35M | 138.35M | 138.50M | 143.62M | 149.40M | 149.48M |
| Diluted Shares Outstanding | 141.06M | 141.06M | 138.50M | 143.62M | 150.83M | 149.48M |
| EPS (Basic) | 3.95 | 3.95 | -0.75 | -1.16 | 0.50 | -0.04 |
| EPS (Diluted) | 3.87 | 3.87 | -0.75 | -1.16 | 0.49 | -0.04 |
| Operating Margin | -32.55% | -32.55% | -29.30% | -18.94% | 2.95% | -8.59% |
| Profit Margin | 395.10% | 395.10% | -75.52% | -138.58% | 39.21% | -3.46% |
| EBITDA | 13.21M | 13.21M | 36.79M | 35.41M | 78.88M | 70.05M |
| EBITDA Margin | 9.54% | 9.54% | 26.71% | 29.52% | 41.44% | 41.01% |
| D&A For Ebitda | 58.28M | 58.28M | 77.13M | 58.12M | 73.27M | 84.71M |
| EBIT | -45.07M | -45.07M | -40.35M | -22.71M | 5.61M | -14.67M |
| EBIT Margin | -32.55% | -32.55% | -29.30% | -18.94% | 2.95% | -8.59% |
| Effective Tax Rate | 15.78% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Property, Plant & Equipment | 1.06B | 1.06B | 1.19B | 1.75B | 1.55B | 1.67B |
| Cash & Equivalents | 394.89M | 394.89M | 141.07M | 122.60M | 206.46M | 233.37M |
| Accounts Receivable | 13.78M | 13.78M | 7.82M | 5.18M | 4.08M | 2.47M |
| Other Receivables | 434.00K | 1.94M | 4.84M | |||
| Investment In Debt and Equity Securities | 9.44M | 9.44M | 16.11M | 65.07M | 222.54M | 383.18M |
| Other Intangible Assets | 12.26M | 12.26M | 13.15M | 13.49M | 14.16M | 3.27M |
| Loans Receivable Current | 103.86M | 103.86M | 58.79M | 57.55M | 39.01M | 38.03M |
| Restricted Cash | 11.67M | 11.67M | 30.05M | 16.67M | 23.31M | 11.21M |
| Other Current Assets | 42.93M | 42.93M | 470.38M | 14.86M | 17.36M | 20.52M |
| Trading Asset Securities | 55.00K | 55.00K | 891.00K | 5.25M | 62.39M | 25.66M |
| Deferred Long-Term Tax Assets | 5.17M | 2.39M | 2.32M | 6.39M | ||
| Deferred Long-Term Charges | 9.32M | 9.32M | 11.23M | 9.37M | 20.46M | 22.14M |
| Other Long-Term Assets | 15.27M | 15.27M | 15.16M | 23.12M | 15.79M | 13.03M |
| Total Assets | 1.68B | 1.68B | 1.96B | 2.09B | 2.18B | 2.43B |
| Current Portion of Long-Term Debt | 116.11M | 116.11M | ||||
| Current Portion of Leases | 6.84M | 6.84M | ||||
| Long-Term Debt | 622.51M | 622.51M | 829.67M | 1.15B | 1.05B | 1.18B |
| Long-Term Leases | 125.20M | 125.20M | 131.04M | 130.20M | 127.42M | 435.09M |
| Accrued Expenses | 138.09M | 138.09M | 84.74M | 107.52M | 91.46M | 89.28M |
| Other Current Liabilities | 112.07M | 112.07M | 495.73M | |||
| Long-Term Deferred Tax Liabilities | 101.46M | 110.28M | 119.61M | 124.75M | ||
| Other Long-Term Liabilities | 2.02M | 2.02M | 1.97M | 2.12M | 2.34M | 8.12M |
| Total Liabilities | 1.12B | 1.12B | 1.64B | 1.50B | 1.39B | 1.84B |
| Common Stock | 1.40M | 1.40M | 1.36M | 1.41M | 1.47M | 1.50M |
| Additional Paid-In Capital | 429.14M | 429.14M | 425.00M | 464.54M | 496.48M | 521.84M |
| Retained Earnings | -68.69M | -68.69M | -303.41M | -116.29M | 49.90M | -22.77M |
| Total Common Equity | 361.85M | 361.85M | 122.96M | 349.65M | 547.85M | 500.56M |
| Minority Interest | 191.03M | 191.03M | 189.34M | 241.96M | 244.33M | 95.46M |
| Shareholders' Equity | 552.88M | 552.88M | 312.30M | 591.61M | 792.18M | 596.03M |
| Total Liabilities & Equity | 1.68B | 1.68B | 1.96B | 2.09B | 2.18B | 2.43B |
| Total Debt | 870.67M | 870.67M | 960.71M | 1.28B | 1.18B | 1.62B |
| Net Cash (Debt) | -475.72M | -475.72M | -818.75M | -1.15B | -906.78M | -1.36B |
| Net Cash Per Share | -3.37 | -3.37 | -5.91 | -8.01 | -6.01 | -9.08 |
| Filing Date Shares Outstanding | 143.87M | 143.87M | 141.97M | 144.81M | 149.93M | 152.56M |
| Total Common Shares Outstanding | 140.16M | 140.16M | 136.35M | 140.58M | 146.52M | 149.82M |
| Book Value Per Share | 2.58 | 2.58 | 0.90 | 2.49 | 3.74 | 3.34 |
| Tangible Book Value | 349.59M | 349.59M | 109.80M | 336.16M | 533.69M | 497.30M |
| Tangible Book Value Per Share | 2.49 | 2.49 | 0.81 | 2.39 | 3.64 | 3.32 |
| Land | 222.31M | 222.31M | 246.88M | 620.82M | 641.10M | 534.28M |
| Buildings | 1.01B | 1.01B | 1.15B | 1.59B | 1.32B | 1.26B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 554.01M | 554.01M | -102.47M | -166.20M | 75.73M | -5.91M |
| Depreciation & Amortization | 58.28M | 58.28M | 77.13M | 58.12M | 73.27M | 84.71M |
| Other Amortization | 1.38M | |||||
| Gain (Loss) on Sale of Assets | -237.06M | -237.06M | -10.60M | -7.98M | -175.86M | |
| Gain (Loss) on Sale of Investments | 6.26M | 6.26M | 47.75M | -1.82M | -68.51M | -13.09M |
| Asset Writedown | 147.46M | 147.46M | 85.70M | |||
| Stock-Based Compensation | 5.90M | 5.90M | 6.49M | 9.22M | 7.47M | 5.27M |
| Income (Loss) on Equity Investments | -1.56M | -1.56M | 1.36M | -875.00K | -579.00K | -973.00K |
| Change in Other Net Operating Assets | -10.26M | -10.26M | -873.00K | -6.15M | 169.27M | -15.73M |
| Other Operating Activities | -12.42M | -12.42M | 18.84M | 155.32M | 37.74M | -43.08M |
| Net Cash from Discontinued Operations | -525.41M | -525.41M | 9.35M | 10.84M | ||
| Operating Cash Flow | 8.09M | 8.09M | 46.98M | 50.47M | 204.23M | 12.59M |
| Acquisition of Real Estate Assets | -99.62M | -99.62M | -160.03M | -276.61M | -366.77M | -247.41M |
| Sale of Real Estate Assets | 973.46M | 973.46M | 186.20M | 9.25M | 259.98M | |
| Net Sale / Acq. of Real Estate Assets | 873.84M | 873.84M | 26.18M | -267.35M | -106.78M | -247.41M |
| Investment in Marketable & Equity Securities | 5.38M | 423.00K | -13.42M | -23.27M | ||
| Other Investing Activities | 1.13M | 1.13M | -958.00K | 6.53M | -547.00K | -727.00K |
| Investing Cash Flow | 874.97M | 874.97M | 30.60M | -260.40M | -120.75M | -271.41M |
| Long-Term Debt Issued | 92.01M | 92.01M | 330.54M | 174.44M | 849.43M | 224.93M |
| Long-Term Debt Repaid | -313.70M | -313.70M | -270.71M | -88.67M | -1.00B | -35.24M |
| Net Debt Issued (Repaid) | -221.69M | -221.69M | 59.83M | 85.78M | -151.75M | 189.69M |
| Repurchase of Common Stock | -256.00K | -256.00K | -38.95M | -46.84M | -23.49M | |
| Other Financing Activities | -11.32M | -11.32M | -64.78M | 80.50M | 79.99M | 14.98M |
| Net Cash Flow | 234.24M | 234.24M | 33.69M | -90.50M | -14.82M | -54.15M |
| Levered Free Cash Flow | -36.26M | -36.26M | -138.14M | -229.10M | -205.89M | -111.13M |
| Unlevered Free Cash Flow | 883.00K | 883.00K | -101.03M | -212.27M | -159.74M | -79.45M |
| Cash Interest Paid | 60.51M | 60.51M | 47.55M | 32.80M | 45.17M | 43.80M |
| Cash Income Tax Paid | 498.00K | 498.00K | 931.00K | 1.71M | 22.93M | 2.94M |
| Change in Working Capital | -10.26M | -10.26M | -873.00K | -6.15M | 169.27M | -15.73M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 256.89M | 832.54M | 1.28B | 1.14B | 1.08B | 1.18B |
| Enterprise Value | 732.61M | 1.58B | 2.82B | 2.53B | 2.11B | 2.56B |
| Last Close Price | 1.57 | 3.10 | 3.17 | 2.73 | 2.48 | 2.69 |
| PE Ratio | 0.43 | 1.52 | 14.46 | |||
| PS Ratio | 1.73 | 6.01 | 9.33 | 9.52 | 5.67 | 6.88 |
| PB Ratio | 0.61 | 1.51 | 4.11 | 1.93 | 1.36 | 1.97 |
| P/OCF Ratio | 29.66 | 102.87 | 27.33 | 22.61 | 5.28 | 93.38 |
| EV/Sales Ratio | 5.17 | 11.42 | 20.47 | 21.12 | 11.06 | 15.02 |
| EV/EBITDA Ratio | 54.20 | 119.79 | 76.64 | 71.54 | 26.69 | 36.62 |
| EV/EBIT Ratio | 375.20 | |||||
| Debt / Equity Ratio | 1.57 | 1.57 | 3.08 | 2.16 | 1.48 | 2.71 |
| Debt / EBITDA Ratio | 64.89 | 64.89 | 26.04 | 35.98 | 14.78 | 23.07 |
| Net Debt / Equity Ratio | 0.86 | 0.86 | 2.62 | 1.94 | 1.15 | 2.28 |
| Net Debt / EBITDA Ratio | 36.02 | 36.02 | 22.26 | 32.48 | 11.50 | 19.37 |
| Asset Turnover | 0.08 | 0.08 | 0.07 | 0.06 | 0.08 | 0.08 |
| Quick Ratio | 1.09 | 1.09 | 0.26 | 1.24 | 3.00 | 2.98 |
| Current Ratio | 1.52 | 1.52 | 1.22 | 2.07 | 3.88 | 3.76 |
| Return on Equity (ROE) | 9.65% | 9.65% | -27.47% | -26.14% | 13.28% | -0.86% |
| Return on Assets (ROA) | -1.55% | -1.55% | -1.25% | -0.66% | 0.15% | -0.43% |
| Return on Invested Capital (ROIC) | -3.42% | -3.34% | -2.57% | -1.18% | 0.23% | -0.76% |
| Earnings Yield | 230.36% | 66.54% | -7.98% | -14.56% | 7.02% | -0.50% |
| Buyback Yield / Dilution | -1.85% | -1.85% | 3.57% | 4.78% | -0.91% | -0.61% |