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Apartment Investment and Management Company (AIV) Financials

AIV
FY2025 annual
Revenue $138.5M +0.6% YoY
Net Income $547.2M +626.2% YoY
EPS (Diluted) $3.87 +616.0% YoY
Operating Cash Flow $8.1M -82.8% YoY
Market Cap $257.1M as of Oct 10, 2026
Price / Sales 1.9x on $138.5M revenue, FY2025
Price / Earnings 0.5x on $547.2M net income, FY2025
Price / Book 0.4x on $705.9M equity, Q1 FY2026

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.

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported Currency USD FYE December

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).

Rhea AI AIV FY2025

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 $830M to $457M, and debt-to-equity moved from 6.7x to 1.3x. The balance sheet therefore became less debt-heavy even as total assets contracted to $1.7B, indicating a smaller but better-capitalized structure.

Dividends of $416M were many times larger than FY2025 operating cash flow of $8.1M. That distribution was therefore not supported by recurring operations alone, coinciding instead with substantial investing inflows and a major financing outflow.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

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.

Piotroski F-Score Partial
5/7

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.

Earnings Quality Low Quality
0.01x

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

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Earnings & Revenue

None of these metrics is reported for Q1 2026.

Cash & Balance Sheet

Cash & Debt
$216.0M
YoY+339.5%
QoQ-46.6%
5Y CAGR-5.7%
10Y CAGR+15.6%

Apartment Investment and Management Company held $216.0M in cash as of Q1 2026; long-term debt is not reported for that period.

Shares Outstanding
144M
YoY+1.5%
QoQ-0.2%
5Y CAGR-0.7%
10Y CAGR-0.8%

Apartment Investment and Management Company had 144M shares outstanding in Q1 2026. This represents an increase of 1.5% from the same quarter a year earlier. Against the prior quarter it is down 0.2%.

Free Cash Flow

Not reported for Q1 2026.

Dividends Per Share

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.

AIV quarterly income statement
MetricQ1'2610-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-QQ1'2410-Q
RevenueN/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 ExpensesN/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 IncomeN/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%
EBITDAN/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 ExpenseN/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 TaxN/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 IncomeN/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/A139M+1.6%137M-1.8%137M-2.6%N/A137M-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.

AIV quarterly balance sheet
MetricQ1'2610-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-QQ1'2410-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 ReceivableN/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 DebtN/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 EarningsN/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.

AIV quarterly cash flow statement
MetricQ1'2610-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-QQ1'2410-Q
Operating Cash FlowN/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 & AmortizationN/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 CompensationN/AN/AN/A$1.1M-31.8%N/AN/AN/A$1.7M-63.1%
Investing Cash FlowN/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 FlowN/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 PaidN/A$0$0$88.2MN/AN/AN/AN/A
Share BuybacksN/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.

AIV quarterly financial ratios
MetricQ1'2610-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-QQ1'2410-Q
Operating MarginN/A51.9%+1.9pp56.0%+0.1pp42.6%-15.2pp4155.7%50.0%+43.0pp55.9%+51.6pp57.8%+53.0pp
Net MarginN/A805.9%-36.6%-60.8%-40.5pp-1110.7%-62.1%-57.4pp-118.3%-20.3%-0.4pp
Return on EquityN/A456.7%+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 AssetsN/A13.6%+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-Equity1.03-8.8x13.37+7.9x11.99+7.2x9.80+6.3x6.75+3.5x5.44+3.2x4.78+2.7x3.52+1.5x
Asset TurnoverN/A0.020.0x0.030.0x0.010.0x0.000.020.0x0.020.0x0.020.0x

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

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.

Apartment Investment and Management Company (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 Investment and Management Company (AIV) had $394.9M in cash and equivalents against $457.3M in long-term debt.

Yes, Apartment Investment and Management Company (AIV) paid $2.83 per share in dividends during fiscal year 2025.

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.

Apartment Investment and Management Company (AIV) generated $8.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Apartment Investment and Management Company (AIV) had $1.7B in total assets as of fiscal year 2025, including both current and long-term assets.

Yes, Apartment Investment and Management Company (AIV) spent $256K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Apartment Investment and Management Company (AIV) had 144M shares outstanding as of fiscal year 2025.

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.

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.

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.

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.

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.

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.

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