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Apartment Invt & Mgmt Co Financials

AIV
FY2025 annual
Revenue $138.5M +0.6% YoY
Net Income $547.2M +626.2% YoY
EPS (Diluted) $3.87 +616.0% YoY
Free Cash Flow Not reported for FY2025
Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

Apartment Invt & Mgmt Co (AIV) reported $138.5M in revenue for fiscal year 2025, up 0.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI AIV FY2025

FY2025 was driven by asset monetization, with balance-sheet repair and cash redistribution outweighing the underlying operating engine.

FY2025’s $547.2M net income sat against only $8.1M of operating cash flow, so accounting profit and recurring cash generation clearly diverged. The simultaneous $875.0M investing inflow makes the picture clearer: this looks like a year of asset monetization and capital recycling, not a step-change in steady operating cash earnings.

That recycling materially changed the balance sheet: long-term debt fell from $829.7M to $457.3M, reducing dependence on borrowed capital. Cash also ended FY2025 at $394.9M, so liquidity improved even though operations themselves contributed little of that year’s cash.

The business currently reads more like a portfolio being reshaped than a sales engine being expanded: revenue stayed near $138M across FY2024 and FY2025 while total assets moved down to $1.7B. That means the recent story is less about scaling revenue and more about extracting value from the asset base while simplifying the capital structure.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

Apartment Invt & Mgmt Co does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial
5/7

Apartment Invt & Mgmt Co passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality
0.01x

For every $1 of reported earnings, Apartment Invt & Mgmt Co generates $0.01 in operating cash flow ($8.1M OCF vs $547.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue
$138.5M
YoY+0.6%
5Y CAGR-1.8%
10Y CAGR-17.8%

Apartment Invt & Mgmt Co generated $138.5M in revenue in fiscal year 2025. This represents an increase of 0.6% from the prior year.

Net Income
$547.2M
YoY+626.2%
10Y CAGR+8.2%

Apartment Invt & Mgmt Co reported $547.2M in net income in fiscal year 2025. This represents an increase of 626.2% from the prior year.

EPS (Diluted)
$3.87
YoY+616.0%

Apartment Invt & Mgmt Co earned $3.87 per diluted share (EPS) in fiscal year 2025. This represents an increase of 616.0% from the prior year.

EBITDA

Not reported for fiscal year 2025.

Cash & Balance Sheet

Cash & Debt
$394.9M
YoY+179.9%
5Y CAGR+6.4%
10Y CAGR+22.8%

Apartment Invt & Mgmt Co held $394.9M in cash against $457.3M in long-term debt as of fiscal year 2025.

Dividends Per Share
$2.83

Apartment Invt & Mgmt Co paid $2.83 per share in dividends in fiscal year 2025.

Shares Outstanding
140M
YoY+2.8%

Apartment Invt & Mgmt Co had 140M shares outstanding in fiscal year 2025. This represents an increase of 2.8% from the prior year.

Free Cash Flow

Not reported for fiscal year 2025.

Margins & Returns

Return on Equity
151.2%
YoY+235.8pp
5Y CAGR+152.2pp
10Y CAGR+135.9pp

Apartment Invt & Mgmt Co's ROE was 151.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 235.8 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2025.

Operating Margin

Not reported for fiscal year 2025.

Net Margin

Not shown for fiscal year 2025: the reported ratio is above 100.0% of revenue, so it does not read as a share of revenue.

Capital Allocation

Share Buybacks
$256K
YoY-99.3%

Apartment Invt & Mgmt Co spent $256K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 99.3% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

Capital Expenditures

Not reported for fiscal year 2025.

AIV Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

AIV annual income statement
MetricFY25FY24FY23FY22FY21FY20FY19FY18FY17FY16FY15FY14FY13FY12FY11
Revenue$138.5M+0.6%$137.7M+14.8%$119.9M-37.0%$190.3M+12.1%$169.8M+12.1%$151.5M+5.4%$143.7M+8.7%$132.2M-86.9%$1.0B+1.0%$995.9M+1.5%$981.3M-0.3%$984.4M+1.1%$974.1M+1.6%$958.5M+4.8%$914.4M
SG&A Expenses$34.0M+3.6%$32.8M-0.1%$32.9M-17.2%$39.7M+19.7%$33.2M+216.7%$10.5M+48.2%$7.1M+22.5%$5.8M-86.8%$43.7M-6.7%$46.8M+1.0%$46.3M+5.0%$44.1M-3.5%$45.7M-7.9%$49.6M-2.6%$50.9M
Operating IncomeN/A$117.7M+3.9%$113.3M-4.4%$118.6M+858.0%-$15.6M-8.9%-$14.4M-195.3%$15.1MN/A$194.0M-21.4%$246.8M-3.7%$256.2M-2.3%$262.4M+5.4%$249.0M+39.1%$179.0M+32.3%$135.3M
Interest Expense$59.4M+0.1%$59.4M+120.5%$26.9M-63.5%$73.8M+39.6%$52.9M+92.3%$27.5M+47.9%$18.6M-5.3%$19.6M-89.9%$194.6M-0.9%$196.4M-1.7%$199.7M-9.6%$221.0M-6.8%$237.0M+3.3%$229.4M-15.8%$272.3M
Income Tax-$57.6M-420.2%-$11.1M+13.2%-$12.8M-173.9%$17.3M+227.2%-$13.6M-33.7%-$10.1M-207.5%-$3.3M-1364.8%$261K+100.8%-$30.8M-63.7%-$18.8M+31.5%-$27.5M-37.3%-$20.0M-923.3%-$2.0M-128.3%-$858K+85.6%-$5.9M
Net Income$547.2M+626.2%-$104.0M+37.4%-$166.2M-322.7%$74.6M+1362.9%-$5.9M-17.2%-$5.0M-1758.2%$304K-90.6%$3.2M-99.0%$315.8M-26.6%$430.4M+73.1%$248.7M-19.6%$309.2M+49.2%$207.3M+56.5%$132.5M+332.0%-$57.1M
EPS (Diluted)$3.87+616.0%-$0.75+35.3%-$1.16$3.87-$0.04-33.3%-$0.03$0.00-100.0%$0.02-99.0%$2.02-24.3%$2.67+75.7%$1.52-26.2%$2.06N/AN/AN/A

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.

AIV Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

AIV annual balance sheet
MetricFY25FY24FY23FY22FY21FY20FY19FY18FY17FY16FY15FY14FY13FY12FY11
Total Assets$1.7B-14.4%$2.0B-6.3%$2.1B-4.2%$2.2B-10.4%$2.4B+32.3%$1.8B+46.1%$1.3B-79.6%$6.2B+1.8%$6.1B-2.5%$6.2B+1.9%$6.1B+0.4%$6.1B+0.3%$6.1B-5.0%$6.4B-6.8%$6.9B
Cash & Equivalents$394.9M+179.9%$141.1M+15.1%$122.6M-40.6%$206.5M-11.5%$233.4M-19.4%$289.6M+5259.7%$5.4M-85.3%$36.9M-52.0%$76.8M+25.4%$61.2M+20.6%$50.8M+75.3%$29.0M-48.0%$55.8M-34.0%$84.4M-7.3%$91.1M
Accounts Receivable$13.8M+76.1%$7.8M+51.1%$5.2M+26.9%$4.1M+65.2%$2.5M-7.2%$2.7M+15.0%$2.3M-85.9%$16.4MN/AN/AN/AN/AN/A$34.0M-18.6%$41.8M
GoodwillN/AN/AN/AN/AN/AN/A$37.8M0.0%$37.8M0.0%$37.8M0.0%$37.8M-13.9%$43.9M-2.7%$45.1M-8.0%$49.0M0.0%$49.0M-10.1%$54.5M
Total Liabilities$1.1B-31.7%$1.6B+9.8%$1.5B+7.8%$1.4B-24.4%$1.8B+43.9%$1.3B+72.2%$741.8M-82.8%$4.3B+0.1%$4.3B+3.3%$4.2B-1.9%$4.3B-6.6%$4.6B-5.4%$4.8B-6.6%$5.2B-8.5%$5.6B
Long-Term Debt$457.3M-44.9%$829.7M-27.7%$1.1B+9.5%$1.0B-11.2%$1.2B+20.2%$982.1M+75.7%$558.9M-86.3%$4.1BN/A$3.9B+1.3%$3.8B-6.9%$4.1B-5.8%$4.4BN/AN/A
Total Equity$361.9M+194.3%$123.0M-64.8%$349.7M-36.2%$547.9M+9.4%$500.6M+0.2%$499.8M-2.6%$513.3M-69.8%$1.7B+2.2%$1.7B-7.3%$1.8B+10.6%$1.6B+32.1%$1.2B+26.9%$967.5M+5.7%$915.4M+0.8%$908.3M
Retained Earnings-$68.7M+77.4%-$303.4M-160.9%-$116.3M-333.0%$49.9M+319.1%-$22.8M-35.3%-$16.8MN/AN/AN/AN/AN/AN/AN/AN/AN/A

Not reported in any period shown, so not listed: Current Assets, Inventory, Current Liabilities.

AIV Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

AIV annual cash flow statement
MetricFY25FY24FY23FY22FY21FY20FY19FY18FY17FY16FY15FY14FY13FY12FY11
Operating Cash Flow$8.1M-82.8%$47.0M-6.9%$50.5M-75.3%$204.2M+1522.7%$12.6M-73.7%$47.8M-17.4%$57.9M+8.3%$53.5M-86.4%$392.1M+4.1%$376.5M+4.6%$359.9M+12.0%$321.4M-1.3%$325.6M+2.8%$316.8M+22.4%$258.8M
Investing Cash Flow$875.0M+2759.3%$30.6M+111.8%-$260.4M-115.6%-$120.8M+55.5%-$271.4M-109.9%-$129.3M+68.7%-$412.9M-990.9%-$37.8M-390.7%$13.0M+113.1%-$99.1M+42.0%-$170.9M-1349.4%$13.7M-79.0%$65.2M-41.6%$111.7M+175.8%$40.5M
Financing Cash Flow-$648.8M-1378.1%-$43.9M-136.8%$119.4M+221.5%-$98.3M-148.0%$204.7M-44.7%$370.1M+2.7%$360.2M+2362.4%-$15.9M+96.0%-$393.7M-38.7%-$283.9M-69.9%-$167.2M+53.8%-$361.9M+13.7%-$419.4M+3.6%-$435.1M-36.2%-$319.6M
Dividends Paid$415.6MN/AN/A$3.0MN/AN/A$241.3M+1.6%$237.5M+5.4%$225.4M+9.3%$206.3M+12.1%$184.1M+21.1%$152.0M+8.5%$140.1M+34.7%$104.0M+80.6%$57.6M
Share Buybacks$256K-99.3%$38.9M-16.9%$46.8M+99.4%$23.5MN/AN/A$20.7M-94.5%$373.6M$0$0N/AN/AN/AN/AN/A

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.

AIV Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

AIV annual financial ratios
MetricFY25FY24FY23FY22FY21FY20FY19FY18FY17FY16FY15FY14FY13FY12FY11
Operating MarginN/A85.5%-9.0pp94.5%+32.2pp62.3%+71.5pp-9.2%+0.3pp-9.5%-20.0pp10.5%N/A19.3%-5.5pp24.8%-1.3pp26.1%-0.5pp26.7%+1.1pp25.6%+6.9pp18.7%+3.9pp14.8%
Net Margin395.1%-75.5%-138.6%39.2%+42.7pp-3.5%-0.1pp-3.3%-3.5pp0.2%-2.2pp2.5%-29.0pp31.4%-11.8pp43.2%+17.9pp25.3%-6.1pp31.4%+10.1pp21.3%+7.5pp13.8%+20.1pp-6.2%
Return on Equity151.2%+235.8pp-84.6%-37.0pp-47.5%-61.1pp13.6%+14.8pp-1.2%-0.2pp-1.0%-1.1pp0.1%-0.1pp0.2%-18.8pp19.0%-5.0pp24.0%+8.7pp15.3%-9.9pp25.2%+3.8pp21.4%+7.0pp14.5%+20.8pp-6.3%
Return on Assets32.6%+38.0pp-5.3%+2.6pp-8.0%-11.4pp3.4%+3.7pp-0.2%0.0pp-0.3%-0.3pp0.0%0.0pp0.1%-5.1pp5.2%-1.7pp6.9%+2.8pp4.1%-1.0pp5.1%+1.7pp3.4%+1.3pp2.1%+2.9pp-0.8%
Debt-to-Equity1.26-5.5x6.75+3.5x3.28+1.4x1.91-0.4x2.36+0.4x1.97+0.9x1.09-1.3x2.40-0.2x2.60+0.4x2.17-0.2x2.37-1.0x3.37-1.2x4.54-1.1x5.64-0.6x6.21

Not reported in any period shown, so not listed: Gross Margin, Current Ratio, FCF Margin.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.

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Frequently Asked Questions

What is Apartment Invt & Mgmt Co's annual revenue?

Apartment Invt & Mgmt Co (AIV) reported $138.5M in total revenue for fiscal year 2025. This represents a 0.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Apartment Invt & Mgmt Co's revenue growing?

Apartment Invt & Mgmt Co (AIV) revenue grew by 0.6% year-over-year, from $137.7M to $138.5M in fiscal year 2025.

Is Apartment Invt & Mgmt Co profitable?

Yes, Apartment Invt & Mgmt Co (AIV) reported a net income of $547.2M in fiscal year 2025.

Apartment Invt & Mgmt Co (AIV) reported diluted earnings per share of $3.87 for fiscal year 2025. This represents a 616.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

As of fiscal year 2025, Apartment Invt & Mgmt Co (AIV) had $394.9M in cash and equivalents against $457.3M in long-term debt.

Yes, Apartment Invt & Mgmt Co (AIV) paid $2.83 per share in dividends during fiscal year 2025.

Apartment Invt & Mgmt Co (AIV) has a return on equity of 151.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Apartment Invt & Mgmt Co (AIV) generated $8.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Apartment Invt & Mgmt Co (AIV) had $1.7B in total assets as of fiscal year 2025, including both current and long-term assets.

Yes, Apartment Invt & Mgmt Co (AIV) spent $256K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Apartment Invt & Mgmt Co (AIV) had 140M shares outstanding as of fiscal year 2025.

Apartment Invt & Mgmt Co (AIV) had a debt-to-equity ratio of 1.26 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Apartment Invt & Mgmt Co (AIV) had a return on assets of 32.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Apartment Invt & Mgmt Co (AIV) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Apartment Invt & Mgmt Co (AIV) has an earnings quality ratio of 0.01x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

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