A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q1 FY2026, filed May 11, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AIV SEC filings page.
Apartment Investment and Management Company (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).
The latest year pairs a balance-sheet reset with weak operating cash, so reported profit does not describe recurring operating economics.
From FY2024 to FY2025, net income swung from a net loss of$104M to$547M , while operating cash flow fell from$47.0M to$8.1M . That disconnect, alongside $875M of investing cash inflow, means the year's cash outcome was shaped by investing activity as well as operations.
Leverage declined sharply: debt fell from
Dividends of
Financial Health Signals
Apartment Investment and Management Company 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.
Apartment Investment and Management Company 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.
For every $1 of reported earnings, Apartment Investment and Management Company 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
Earnings & Revenue
None of these metrics is reported for Q1 2026.
Cash & Balance Sheet
Apartment Investment and Management Company held $216.0M in cash as of Q1 2026; long-term debt is not reported for that period.
Not reported for Q1 2026.
Not reported for Q1 2026.
Margins & Returns
None of these metrics is reported for Q1 2026.
Capital Allocation
None of these metrics is reported for Q1 2026.
AIV Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | $35.1M-0.6% | $52.8M+3.1% | $22.9M-54.4% | $1.0M | $35.3M-25.9% | $51.1M+12.0% | $50.2M+13.4% |
| SG&A Expenses | N/A | $7.5M-2.9% | $7.8M+2.9% | $8.2M-4.3% | $9.0M | $7.8M-5.5% | $7.6M-4.0% | $8.5M+1.7% |
| Operating Income | N/A | $18.2M+3.2% | $29.6M+3.4% | $9.7M-66.4% | $42.4M | $17.7M+424.2% | $28.6M+1351.3% | $29.0M+1287.8% |
| EBITDA | N/A | $34.5M-11.7% | $45.9M-9.4% | $21.8M-55.0% | $56.6M | $39.0M+84.4% | $50.7M+166.8% | $48.5M+164.0% |
| Interest Expense | N/A | $14.0M-14.0% | $18.0M+7.0% | $11.7M-12.5% | $12.9M | $16.3M+97.8% | $16.8M+74.2% | $13.4M+37.5% |
| Income Tax | N/A | -$116K+97.0% | $5.6M+354.6% | -$85K+96.9% | -$2.3M | -$3.8M+38.6% | -$2.2M-424.7% | -$2.7M+34.9% |
| Net Income | N/A | $283.1M+1390.7% | -$19.3M+68.1% | -$13.9M-36.6% | -$11.3M | -$21.9M-870.6% | -$60.5M-1580.3% | -$10.2M-15.5% |
| EPS (Basic) | N/A | $2.04+1375.0% | -$0.14+67.4% | -$0.10-42.9% | -$0.08+92.5% | -$0.16-700.0% | -$0.43-2050.0% | -$0.07-16.7% |
| EPS (Diluted) | N/A | $2.04+1375.0% | -$0.14+67.4% | -$0.10-42.9% | -$0.08+92.5% | -$0.16-700.0% | -$0.43-2050.0% | -$0.07-16.7% |
| Diluted Shares (Avg) | N/A | 139M+1.6% | 137M-1.8% | 137M-2.6% | N/A | 137M-4.6% | 140M-3.0% | 141M-3.6% |
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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.4B-23.4% | $2.1B+0.4% | $1.9B-9.1% | $1.9B-11.7% | $2.0B-6.3% | $2.1B-8.1% | $2.1B-7.2% | $2.1B-3.2% |
| Cash & Equivalents | $216.0M+339.5% | $404.4M+389.4% | $41.4M-53.3% | $49.1M-59.7% | $141.1M+15.1% | $82.6M-13.6% | $88.5M-46.3% | $121.8M-26.7% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | N/A | $13.2M+67.2% | $8.0M+3.8% | $8.0M-23.0% | $7.8M+51.1% | $7.9M+141.9% | $7.8M+84.4% | $10.4M+169.5% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $727.9M-53.6% | $1.8B+13.8% | $1.6B+1.5% | $1.6B+1.9% | $1.6B+9.8% | $1.6B+7.0% | $1.6B+8.0% | $1.5B+9.1% |
| Long-Term Debt | N/A | $828.5M-33.8% | $1.1B-9.3% | $1.1B-8.4% | $829.7M-27.7% | $1.3B+11.6% | $1.2B+13.7% | $1.2B+8.9% |
| Total Equity | $705.9M+538.9% | $62.0M-73.0% | $91.7M-63.9% | $110.5M-67.1% | $123.0M-64.8% | $229.8M-54.8% | $253.5M-51.4% | $335.8M-36.9% |
| Retained Earnings | N/A | -$371.0M-77.6% | -$336.5M-79.9% | -$317.2M-150.8% | -$303.4M-160.9% | -$208.9M-693.5% | -$187.0M-598.9% | -$126.5M-407.8% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Goodwill, Current Liabilities, Non-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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | $8.9M-45.7% | $9.7M+20.7% | $3.8M-82.4% | $828K-89.5% | $16.4M-33.9% | $8.0M-33.8% | $21.7M+287.8% |
| Depreciation & Amortization | N/A | $16.2M-24.1% | $16.4M-26.0% | $12.1M-38.1% | $19.2M+174.1% | $21.4M+20.1% | $22.1M+29.8% | $19.5M+19.6% |
| Stock-Based Compensation | N/A | N/A | N/A | $1.1M-31.8% | N/A | N/A | N/A | $1.7M-63.1% |
| Investing Cash Flow | N/A | $447.5M+1312.3% | -$26.0M+28.5% | -$19.7M+51.9% | $145.0M+3788.4% | -$36.9M+73.1% | -$36.4M+42.7% | -$41.1M+35.0% |
| Financing Cash Flow | N/A | -$99.4M-562.4% | $7.4M+376.5% | -$79.8M-489.0% | -$83.2M-809.1% | $21.5M-40.5% | -$2.7M-104.8% | $20.5M+24.3% |
| Dividends Paid | N/A | $0 | $0 | $88.2M | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | $0-100.0% | $0-100.0% | $256K-96.1% | $4.8M-52.3% | $3.2M-78.0% | $24.4M+210.5% | $6.6M-54.9% |
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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | N/A | 51.9%+1.9pp | 56.0%+0.1pp | 42.6%-15.2pp | 4155.7% | 50.0%+43.0pp | 55.9%+51.6pp | 57.8%+53.0pp |
| Net Margin | N/A | 805.9% | -36.6% | -60.8%-40.5pp | -1110.7% | -62.1%-57.4pp | -118.3% | -20.3%-0.4pp |
| Return on Equity | N/A | 456.7%+466.3pp | -21.1%+2.8pp | -12.6%-9.6pp | -9.2% | -9.6%-9.1pp | -23.9%-23.2pp | -3.0%-1.4pp |
| Return on Assets | N/A | 13.6%+14.7pp | -1.0%+1.9pp | -0.7%-0.3pp | -0.6% | -1.1%-1.0pp | -2.9%-2.8pp | -0.5%-0.1pp |
| Debt-to-Equity | 1.03-8.8x | 13.37+7.9x | 11.99+7.2x | 9.80+6.3x | 6.75+3.5x | 5.44+3.2x | 4.78+2.7x | 3.52+1.5x |
| Asset Turnover | N/A | 0.020.0x | 0.030.0x | 0.010.0x | 0.00 | 0.020.0x | 0.020.0x | 0.020.0x |
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: Operating Margin, Net Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Apartment Investment and Management Company AIV | FY2025 | $138.5M | $547.2M | N/A | $257.1M | — |
| Centerspace CSR | FY2025 | $273.7M | $17.1M | 6.3% | $940.1M | 68/100 |
| UMH Properties, Inc. UMH | FY2025 | $261.8M | $6.0M | 2.3% | $1.3B | 35/100 |
| Elme Communities ELME | FY2024 | $241.9M | -$13.1M | -5.4% | $156.4M | 49/100 |
| NexPoint Residential Trust Inc NXRT | FY2025 | $251.3M | -$32.2M | -12.8% | $494.4M | 34/100 |
| Veris Residential, Inc. VRE | FY2025 | $288.4M | $75.2M | 26.1% | $1.8B | 36/100 |
Where Apartment Investment and Management Company Ranks
Frequently Asked Questions
What is Apartment Investment and Management Company's annual revenue?
Apartment Investment and Management Company (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 Investment and Management Company's revenue growing?
Apartment Investment and Management Company (AIV) revenue grew by 0.6% year-over-year, from $137.7M to $138.5M in fiscal year 2025.
Is Apartment Investment and Management Company profitable?
Yes, Apartment Investment and Management Company (AIV) reported a net income of $547.2M in fiscal year 2025.
How much debt does Apartment Investment and Management Company have?
As of fiscal year 2025, Apartment Investment and Management Company (AIV) had $394.9M in cash and equivalents against $457.3M in long-term debt.
Does Apartment Investment and Management Company pay dividends?
Yes, Apartment Investment and Management Company (AIV) paid $2.83 per share in dividends during fiscal year 2025.
What is Apartment Investment and Management Company's return on equity (ROE)?
Apartment Investment and Management Company (AIV) has a return on equity of 151.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Apartment Investment and Management Company's operating cash flow?
Apartment Investment and Management Company (AIV) generated $8.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Apartment Investment and Management Company's total assets?
Apartment Investment and Management Company (AIV) had $1.7B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Apartment Investment and Management Company's debt-to-equity ratio?
Apartment Investment and Management Company (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.
What is Apartment Investment and Management Company's return on assets (ROA)?
Apartment Investment and Management Company (AIV) had a return on assets of 32.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Apartment Investment and Management Company's P/E ratio?
Apartment Investment and Management Company (AIV) trades at 0.5x earnings, its market capitalization divided by net income of $547.2M net income, FY2025. The market capitalization is $257.1M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Apartment Investment and Management Company's price-to-sales ratio?
Apartment Investment and Management Company (AIV) trades at 1.9x sales, its market capitalization divided by revenue of $138.5M revenue, FY2025. The market capitalization is $257.1M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Apartment Investment and Management Company's Piotroski F-Score?
Apartment Investment and Management Company (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.
Are Apartment Investment and Management Company's earnings high quality?
Apartment Investment and Management Company (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.