A Business at a Glance
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APARTMENT INVESTMENT & MANAGEMENT CO
AIV
$378M
Mkt Cap
$2.64
+0.00%
APARTMENT INVESTMENT & MANAGEMENT CO (AIV) has a current P/E ratio of 0.7, compared to its historical median P/E of 1.1. The stock is currently considered Fair based on its historical valuation range.
APARTMENT INVESTMENT & MANAGEMENT CO (AIV) has a 5-year average return on invested capital (ROIC) of 12.0%. This indicates solid capital allocation.
APARTMENT INVESTMENT & MANAGEMENT CO (AIV) has a market capitalization of $378M. It is classified as a small-cap stock.
Yes, APARTMENT INVESTMENT & MANAGEMENT CO (AIV) pays a dividend with a trailing twelve-month yield of 109.96%. The company also returns capital through share buybacks, with a buyback yield of 0.07%.
Based on historical P/E analysis, APARTMENT INVESTMENT & MANAGEMENT CO (AIV) appears fair. The current P/E of 0.7 is 36% below its historical median of 1.1. The estimated fair value CAGR (P/E method) is 132.8%.
APARTMENT INVESTMENT & MANAGEMENT CO (AIV) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
The Company Aimco, a Maryland corporation is a self-administered and self-managed REIT. On December 15, 2020, Aimco completed the Separation, creating two separate and distinct, publicly traded companies, Aimco and AIR. Aimco, through a wholly-owned subsidiary, is the general partner and directly is the special limited partner of Aimco Operating Partnership, a Delaware Limited Partnership. Aimco conducts all of its business and owns all of its assets through Aimco Operating Partnership. Please refer to Note 15 to the consolidated financial statements in Item 8 for discussion regarding our business segments.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 0 | - | 138M | 120M | 190M | 170M |
| Net Income | 554M | 554M | -102M | -166M | 76M | -5.9M |
| EPS | $3.87 | $3.87 | $-0.75 | $-1.16 | $0.52 | $-0.04 |
| Free Cash Flow | -92M | -92M | -113M | -222M | -33M | -165M |
| ROIC | 87.2% | 72.7% | -8.4% | -10.7% | 7.0% | -0.4% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 2.04 | 2.04 | 6.75 | 3.28 | 1.91 | 2.36 |
| Dividends/Share | $2.90 | $2.83 | $0.00 | $0.00 | $0.02 | - |
| Operating Income | 551M | 551M | -54M | -152M | 119M | -16M |
| Operating Margin | 0.0% | - | -39.3% | -126.8% | 62.3% | -9.2% |
| ROE | 153.1% | 228.5% | -43.4% | -37.0% | 14.4% | -1.2% |
| Shares Outstanding | 143M | 143M | 137M | 143M | 147M | 148M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 984M | 981M | 996M | 1.0B | 132M | 144M | 151M | 170M | 190M | 120M | 138M | N/A | 0 |
| Gross Margin | 33.3% | 32.2% | 31.2% | N/A | 22.0% | 15.6% | 14.6% | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 44M | 46M | 47M | 44M | 5.8M | 7.1M | 10M | 33M | 40M | 33M | 33M | 34M | 34M |
| EBIT | 262M | 256M | 247M | 194M | 23M | 15M | -14M | -16M | 119M | -152M | -54M | 551M | 551M |
| Op. Margin | 26.7% | 26.1% | 24.8% | 19.3% | 17.5% | 10.5% | -9.5% | -9.2% | 62.3% | -126.8% | -39.3% | N/A | 0.0% |
| Net Income | 300M | 236M | 418M | 307M | 3.2M | 304K | -5.0M | -5.9M | 76M | -166M | -102M | 554M | 554M |
| Net Margin | 30.5% | 24.0% | 42.0% | 30.5% | 2.5% | 0.2% | -3.3% | -3.5% | 39.8% | -138.6% | -74.4% | N/A | 0.0% |
| Non-Recurring | 1.8M | 0 | 0 | 36M | 0 | 0 | 16M | 0 | 176M | 8.0M | 11M | 783M | 783M |
| Returns on Capital | |||||||||||||
| ROIC | 4.9% | 4.7% | 4.5% | 5.2% | 0.6% | 0.5% | -0.4% | -0.4% | 7.0% | -10.7% | -8.4% | 72.7% | 87.2% |
| ROE | 27.4% | 16.6% | 24.5% | 17.8% | 0.2% | 0.0% | -1.0% | -1.2% | 14.4% | -37.0% | -43.4% | 228.5% | 153.1% |
| ROA | 4.9% | 3.9% | 6.8% | 5.0% | 0.1% | 0.0% | -0.3% | -0.3% | 3.3% | -7.8% | -5.1% | 30.5% | 33.1% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 321M | 360M | 377M | 392M | 53M | 58M | 48M | 13M | 204M | 50M | 47M | 8.1M | 8.1M |
| Free Cash Flow | -46M | -7.3M | 30M | 34M | 16M | 19M | 24M | -165M | -33M | -222M | -113M | -92M | -92M |
| Owner Earnings | 33M | 47M | 36M | 18M | -4.4M | -14M | -31M | -77M | 38M | -17M | -37M | -56M | -56M |
| CapEx | 367M | 367M | 347M | 358M | 38M | 39M | 24M | 178M | 238M | 272M | 160M | 100M | 100M |
| Maint. CapEx | 283M | 306M | 333M | 366M | 49M | 64M | 78M | 85M | 159M | 58M | 77M | 58M | 58M |
| Growth CapEx | 85M | 61M | 14M | 0 | 0 | 0 | 0 | 93M | 79M | 214M | 83M | 41M | 41M |
| D&A | 283M | 306M | 333M | 366M | 49M | 64M | 78M | 85M | 159M | 58M | 77M | 58M | 58M |
| CapEx/OCF | 14.2% | 12.1% | 9.5% | 8.1% | 7.4% | 3.4% | 49.9% | 1412.8% | 116.3% | 540.0% | 340.6% | 1231.0% | 1231.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 152M | 184M | 206M | 225M | 238M | 241M | 0 | 0 | 3.0M | 0 | 0 | 416M | 416M |
| Dividend Yield | 80.4% | 74.5% | 73.2% | 75.5% | 75.6% | N/A | N/A | N/A | 0.6% | N/A | N/A | 65.9% | 110.0% |
| Share Buybacks | 9.5M | 27M | 0 | 0 | 374M | 21M | 0 | 0 | 23M | 47M | 39M | 256K | 256K |
| Buyback Yield | 4.2% | 10.4% | N/A | N/A | 113.5% | N/A | N/A | N/A | 4.3% | 8.2% | 6.8% | 0.0% | 0.1% |
| Stock-Based Comp | 5.8M | 6.6M | 7.6M | 7.9M | 8.6M | 8.1M | 1.1M | 5.3M | 7.5M | 9.2M | 6.5M | 5.9M | 5.9M |
| Debt Repayment | 0 | 0 | 0 | 250M | 250M | 4.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 4.2B | 3.8B | 3.8B | 173M | 3.7B | 734M | 693M | 947M | 842M | 1.0B | 689M | 344M | 344M |
| Cash & Equiv. | 29M | 51M | 61M | 77M | 37M | 5.4M | 290M | 233M | 206M | 123M | 141M | 395M | 395M |
| Long-Term Debt | 4.1B | 3.8B | 3.9B | N/A | 4.1B | 559M | 982M | 1.2B | 1.0B | 1.1B | 830M | 739M | 739M |
| Debt/Equity | 3.46 | 2.39 | 2.18 | 0.15 | 2.25 | 1.62 | 1.97 | 2.36 | 1.91 | 3.28 | 6.75 | 2.04 | 2.04 |
| Interest Coverage | 1.2 | 1.3 | 1.3 | 1.0 | 1.2 | 0.8 | -0.5 | -0.3 | 1.6 | -5.6 | -0.9 | 9.3 | 9.3 |
| Equity | 1.2B | 1.6B | 1.8B | 1.7B | 1.7B | 513M | 500M | 501M | 548M | 350M | 123M | 362M | 362M |
| Total Assets | 6.1B | 6.1B | 6.2B | 6.1B | 6.2B | 1.3B | 1.8B | 2.4B | 2.2B | 2.1B | 2.0B | 1.7B | 1.7B |
| Total Liabilities | 4.6B | 4.3B | 4.2B | 4.3B | 4.3B | 742M | 1.3B | 1.8B | 1.4B | 1.5B | 1.6B | 1.1B | 1.1B |
| Intangibles | 4.3M | 1.5M | 2.9M | N/A | N/A | N/A | 7.3M | 3.3M | 14M | 13M | 13M | 12M | 12M |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A | N/A | -17M | -23M | 50M | -116M | -303M | -69M | -69M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 2.06 | 1.52 | 2.67 | 2.02 | 0.02 | 0.00 | -0.03 | -0.04 | 0.52 | -1.16 | -0.75 | 3.87 | 3.87 |
| Owner EPS | 0.23 | 0.30 | 0.23 | 0.12 | -0.03 | N/A | -0.19 | -0.52 | 0.26 | -0.12 | -0.27 | -0.39 | -0.39 |
| Book Value | 8.42 | 10.45 | 11.46 | 10.95 | 10.48 | N/A | 2.97 | 3.39 | 3.74 | 2.44 | 0.90 | 2.53 | 2.53 |
| Cash Flow/Share | 2.21 | 2.32 | 2.41 | 2.58 | 0.33 | N/A | 0.28 | 0.09 | 1.39 | 0.35 | 0.34 | 0.06 | 4.28 |
| Dividends/Share | 1.04 | 1.18 | 1.32 | 1.44 | 1.52 | 3.19 | 47.50 | N/A | 0.02 | 0.00 | 0.00 | 2.83 | 2.90 |
| Shares Out. | 145.7M | 155.2M | 156.5M | 151.9M | 162.2M | N/A | 168.0M | 147.8M | 146.5M | 143.3M | 136.6M | 143.2M | 143.2M |
| Valuation | |||||||||||||
| P/E Ratio | 0.8 | 1.1 | 0.7 | 1.0 | 101.5 | N/A | N/A | N/A | 7.2 | N/A | N/A | 1.2 | 0.7 |
| P/FCF | N/A | N/A | 10.1 | 8.8 | 21.0 | N/A | 17.8 | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | 16.9 | 15.8 | 16.7 | 2.4 | 174.3 | N/A | N/A | 450.4 | N/A | N/A | 53.3 | 1.8 | 1.3 |
| Price/Book | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | N/A | 0.9 | 1.1 | 1.0 | 1.6 | 4.6 | 1.8 | 1.0 |
| Price/Sales | 0.2 | 0.3 | 0.3 | 0.3 | 2.4 | N/A | 2.2 | 2.9 | 3.0 | 2.9 | 4.1 | N/A | N/A |
| FCF Yield | -20.3% | -2.8% | 9.9% | 11.4% | 4.8% | N/A | 5.6% | -29.0% | -6.1% | -38.8% | -19.8% | -14.2% | -24.2% |
| Market Cap | 227M | 261M | 301M | 298M | 329M | N/A | 427M | 569M | 543M | 573M | 570M | 644M | 378M |
| Avg. Price | 1.30 | 1.59 | 1.80 | 1.96 | 1.94 | 2.40 | 1.98 | 3.30 | 3.67 | 3.79 | 4.16 | 4.41 | 2.64 |
| Year-End Price | 1.55 | 1.68 | 1.93 | 1.96 | 2.03 | 2.47 | 2.54 | 3.85 | 3.51 | 4.00 | 4.17 | 4.50 | 2.64 |
APARTMENT INVESTMENT & MANAGEMENT CO passes 5 of 9 quality checks, suggesting mixed fundamentals.
APARTMENT INVESTMENT & MANAGEMENT CO trades at 0.7x trailing earnings, compared to its 15-year median P/E of 1.1x, suggesting it is currently Fair relative to its historical range. The company's 5-year average ROIC is 12.0%. Total shareholder yield (dividends) is 110.0%. At current prices, the estimated annualized return to fair value is -42.1%.
APARTMENT INVESTMENT & MANAGEMENT CO (AIV) generated $-92 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
APARTMENT INVESTMENT & MANAGEMENT CO (AIV) has a debt-to-equity ratio of 2.04. This indicates higher leverage, which may increase financial risk.
APARTMENT INVESTMENT & MANAGEMENT CO (AIV) reported earnings per share (EPS) of $3.87 in its most recent fiscal year.
APARTMENT INVESTMENT & MANAGEMENT CO (AIV) has a return on equity (ROE) of 228.5%. This indicates the company generates strong returns for shareholders.
The Ledger Terminal provides 18 years of financial data for APARTMENT INVESTMENT & MANAGEMENT CO (AIV), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
APARTMENT INVESTMENT & MANAGEMENT CO (AIV) has a book value per share of $2.53, based on its most recent annual SEC filing.
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