Apartment Investment & Management (AIV) AI Stock Analysis

• Market Cap: $809.70M
• Dividend Yield: 7.64%
• Average Volume (3M): 1.81M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.50
• Revenue Growth: -4.63%
• EPS Growth: 42.39%
• Country: US
• Employees: 58
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Residential
• EPS (TTM): 2.04
• Shares Outstanding: 144,075,550
• 10 Day Avg. Volume: 2,016,180
• 30 Day Avg. Volume: 1,814,359
• PEG Ratio: 0.34
• Price to Book (P/B): 10.24
• Price to Sales (P/S): 6.03
• P/FCF Ratio: -11.14
• Enterprise Value/Market Cap: 2.26
• Enterprise Value/Revenue: 9.42
• Enterprise Value/Gross Profit: 17.05
• Enterprise Value/Ebitda: 65.52
• 1Y Price Target: $10.00
• Price Target Upside: 75.13% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): -0.45
• Revenue Forecast (FY): $221.00M

• Rating: 51 Neutral
• Price Target: $5.50 ▼(-3.68% Downside)

The overall stock score is primarily influenced by the challenging financial performance, characterized by high leverage and inconsistent profitability. The technical analysis provides mixed signals, with potential short-term weakness but some bullish momentum. The valuation is concerning due to a negative P/E ratio, but the high dividend yield is a positive aspect. The corporate events score is relatively high due to strategic moves expected to benefit shareholders.

Positive Factors

Strategic Asset Sales

The strategic sale and liquidation plan aims to maximize shareholder value, indicating a focus on optimizing asset allocation and financial returns.

High Dividend Yield

A high dividend yield can attract income-focused investors, providing a stable income stream despite underlying financial challenges.

Positive Net Income

Positive net income, even if from non-recurring gains, can improve financial statements and provide a temporary buffer for strategic adjustments.

Negative Factors

High Leverage

Significant leverage increases financial risk and limits flexibility, potentially impacting long-term stability and growth opportunities.

Inconsistent Profitability

Volatile earnings and profitability can hinder strategic planning and investor confidence, affecting long-term business sustainability.

Declining Revenue Growth

A declining revenue growth trend suggests challenges in market position and product demand, impacting future revenue potential.

Apartment Investment & Management Business Overview & Revenue Model

Company Description

Apartment Investment & Management Company (AIV) is a real estate investment trust (REIT) that focuses on the acquisition, development, and management of multifamily residential properties. Operating primarily in the United States, AIV invests in various segments of the apartment sector, including luxury, mid-range, and affordable housing, offering a diverse portfolio that caters to different demographic needs. The company aims to create value through strategic property acquisitions, effective management practices, and sustainable development initiatives.

How the Company Makes Money

AIV generates revenue primarily through rental income from its multifamily properties. The company leases residential units to tenants, and the rental payments constitute its main revenue stream. Additionally, AIV may realize income from ancillary services offered to residents, such as parking fees, pet fees, and other amenities. The company also engages in property sales and may benefit from capital appreciation as property values increase over time. Partnerships with property management firms and real estate brokers can also enhance AIV's market reach and operational efficiency, contributing to its overall earnings.

Apartment Investment & Management Financial Statement Overview

Summary

Apartment Investment & Management faces challenges with profitability and high leverage. While revenue growth is observed, the company's profitability metrics are concerning, with negative net income and EBIT margins. The balance sheet reflects high debt levels, posing financial risks. Cash flow remains a mixed picture with positive operating cash flow but inconsistent free cash flow. Overall, the company needs to focus on improving profitability and reducing leverage to enhance its financial position.

Income Statement

The company has shown a consistent increase in revenue over the past years, with a notable TTM revenue of $210.8 million, up from $208.7 million in 2024. However, the persistent negative net income and negative EBIT margin indicate challenges in achieving profitability. The gross profit margin remains relatively stable but is overshadowed by high operating expenses, leading to a negative net profit margin.

Balance Sheet

The company's balance sheet reflects a high debt-to-equity ratio, indicating significant leverage, which poses a risk in terms of financial stability. The equity ratio has been declining, highlighting a shrinking equity base. However, the company maintains a reasonable level of cash and short-term investments, which provides some liquidity buffer.

Cash Flow

The cash flow statement shows a positive operating cash flow in the TTM, but the free cash flow has been inconsistent, recently turning positive. The operating cash flow to net income ratio is promising, indicating decent cash generation relative to net income, although the free cash flow to net income ratio is volatile.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	194.41M	208.68M	187.00M	190.34M	169.84M	151.45M
Gross Profit	107.37M	117.69M	113.28M	118.55M	102.22M	89.94M
EBITDA	27.94M	49.34M	-63.52M	342.23M	119.06M	89.56M
Net Income	243.67M	-102.47M	-166.20M	75.73M	-5.91M	-5.04M
Balance Sheet
Total Assets	2.08B	1.96B	2.09B	2.18B	2.43B	1.84B
Cash, Cash Equivalents and Short-Term Investments	404.38M	141.07M	122.60M	206.46M	233.37M	298.74M
Total Debt	952.93M	1.19B	1.27B	1.16B	1.62B	1.17B
Total Liabilities	1.82B	1.64B	1.50B	1.39B	1.84B	1.28B
Stockholders Equity	61.99M	122.96M	349.65M	547.85M	500.56M	499.78M
Cash Flow
Free Cash Flow	-96.78M	-113.04M	-222.03M	-33.29M	-165.22M	23.96M
Operating Cash Flow	23.25M	46.98M	50.47M	204.23M	12.59M	47.85M
Investing Cash Flow	546.77M	30.60M	-260.40M	-120.75M	-271.41M	-129.32M
Financing Cash Flow	-255.06M	-43.90M	119.43M	-98.29M	204.67M	370.09M

Apartment Investment & Management Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 5.71
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AIV, the sentiment is Negative. The current price of 5.71 is above the 20-day moving average (MA) of 5.65, above the 50-day MA of 5.59, and below the 200-day MA of 5.77, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 48.70 is Neutral, neither overbought nor oversold. The STOCH value of 28.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AIV.

Apartment Investment & Management Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
UMH	71 Outperform	$1.35B	208.14	3.02%	5.64%	8.91%	-39.58%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
VRE	63 Neutral	$1.37B	22.54	5.33%	2.18%	3.37%	―
IRT	60 Neutral	$4.11B	176.00	0.65%	3.88%	0.84%	―
CSR	59 Neutral	$1.15B	49.36	4.30%	4.67%	36.82%	―
AIV	51 Neutral	$809.70M	-5.61	171.00%	7.64%	-4.63%	42.39%
NXRT	51 Neutral	$719.45M	-15.16	-12.63%	7.09%	-4.46%	-206.19%

Apartment Investment & Management Corporate Events

Aimco Sells Chicago Properties for $455 Million

On December 10, 2025, Aimco announced an agreement to sell a portfolio of seven apartment properties in the Chicago market for $455 million to LaTerra Capital Management, LLC. The transaction is expected to close in the first quarter of 2026, with net proceeds of approximately $160 million anticipated, most of which Aimco plans to distribute to shareholders.

Aimco Amends Agreement for Brickell Assemblage Sale

Aimco has amended its agreement to sell the Brickell Assemblage properties in Miami, Florida, with closing now scheduled for December 2025. The company plans to finance $70 million of the $520 million purchase price through seller financing notes. Additionally, Aimco’s Board has approved a Plan of Sale and Liquidation, aiming for shareholder approval in early 2026, to maximize shareholder value through the orderly sale of remaining assets. This strategic move is expected to result in significant distributions to shareholders, reflecting a substantial return on investment since the company’s 2020 spinoff.