Apartment Investment & Management (AIV) AI Stock Analysis

• Market Cap: $1.08B
• Dividend Yield: 7.91%
• Average Volume (3M): 1.77M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.79
• Revenue Growth: 7.07%
• EPS Growth: 69.54%
• Country: US
• Employees: 58
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Residential
• EPS (TTM): -0.14
• Shares Outstanding: 142,331,220
• 10 Day Avg. Volume: 1,171,304
• 30 Day Avg. Volume: 1,772,365
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 2.35
• Enterprise Value/Revenue: 11.96
• Enterprise Value/Gross Profit: 21.36
• Enterprise Value/Ebitda: 30.42
• 1Y Price Target: $10.00
• Price Target Upside: 31.75% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 50 Neutral
• Price Target: $8.50 ▲(11.99% Upside)

The overall stock score of 49.5 reflects significant challenges in financial performance, particularly profitability and high leverage. The technical analysis indicates a bearish trend, while the valuation is mixed with a high dividend yield but negative P/E ratio. The absence of earnings call and corporate events data limits further insights.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong demand for AIV's properties and effective management strategies, supporting long-term business stability.

Cash Generation

Positive operating cash flow suggests AIV's ability to generate cash from its core operations, providing a solid foundation for reinvestment and debt servicing.

Market Position

AIV's strong market position in the residential REIT sector supports its competitive advantage and potential for sustained occupancy and rental income growth.

Negative Factors

High Leverage

High leverage poses financial risks, potentially limiting AIV's ability to invest in growth opportunities and increasing vulnerability to economic downturns.

Profitability Challenges

Ongoing profitability issues could hinder AIV's ability to sustain operations and invest in property enhancements, affecting long-term growth prospects.

Inconsistent Free Cash Flow

Volatile free cash flow may impact AIV's capacity to fund new projects or return capital to shareholders, affecting financial flexibility and growth potential.

Apartment Investment & Management Business Overview & Revenue Model

Company Description

Aimco is a Real Estate Investment Trust focused on property development, redevelopment, and various other value-creating investment strategies, targeting the U.S. multifamily market. Aimco's mission is to make real estate investments where outcomes are enhanced through human capital and substantial value is created for investors, teammates, and the communities in which we operate. Aimco is traded on the New York Stock Exchange as AIV. For more information about Aimco, please visit our website www.aimco.com.

How the Company Makes Money

AIV generates revenue primarily through rental income from its multifamily apartment properties. The company owns and operates a diverse portfolio of residential units, which allows it to capitalize on the growing demand for rental housing. Key revenue streams include monthly rents collected from tenants, leasing fees, and ancillary income from services such as parking, laundry, and pet fees. Additionally, AIV may engage in strategic partnerships with real estate developers and management firms to enhance its portfolio and market presence, further contributing to its earnings. The company's focus on high-demand markets and effective property management practices also plays a significant role in maximizing occupancy rates and rental income.

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	212.44M	208.68M	187.00M	190.34M	169.84M	151.45M
Gross Profit	118.95M	117.69M	113.28M	118.55M	102.22M	89.94M
EBITDA	83.53M	31.15M	76.62M	127.08M	112.56M	105.42M
Net Income	-64.98M	-102.47M	-166.20M	75.73M	-4.98M	-5.77M
Balance Sheet
Total Assets	1.87B	1.96B	2.09B	2.18B	2.43B	1.84B
Cash, Cash Equivalents and Short-Term Investments	41.38M	141.07M	122.60M	206.46M	233.37M	289.58M
Total Debt	0.00	1.19B	1.27B	1.16B	1.62B	1.08B
Total Liabilities	1.59B	1.64B	1.50B	1.39B	1.84B	1.28B
Stockholders Equity	91.65M	122.96M	349.65M	547.85M	500.56M	499.78M
Cash Flow
Free Cash Flow	16.84M	-113.04M	-222.03M	-33.29M	-165.22M	23.96M
Operating Cash Flow	30.76M	46.98M	50.47M	204.23M	12.59M	47.85M
Investing Cash Flow	61.88M	30.60M	-260.40M	-120.75M	-271.41M	-129.32M
Financing Cash Flow	-133.77M	-43.90M	119.43M	-98.29M	204.67M	370.09M

Apartment Investment & Management Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 7.59
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

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 7.59 is below the 20-day moving average (MA) of 7.74, below the 50-day MA of 8.21, and below the 200-day MA of 8.33, indicating a bearish trend. The MACD of -0.15 indicates Negative momentum. The RSI at 38.49 is Neutral, neither overbought nor oversold. The STOCH value of 18.56 is Positive, 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
VRE	64 Neutral	$1.51B	―	-1.91%	1.95%	0.26%	77.82%
UMH	63 Neutral	$1.30B	112.48	3.64%	5.80%	8.39%	―
CSR	62 Neutral	$1.05B	―	-3.35%	5.20%	-0.63%	-123.59%
NXRT	55 Neutral	$873.53M	866.19	-11.85%	5.81%	-6.02%	-156.44%
Sector *	53 Neutral	$1.28B	3.12	-6.08%	5.46%	-8.22%	-81.31%
AIV	50 Neutral	$1.08B	―	-38.53%	7.91%	7.07%	69.54%
BRT	48 Neutral	$310.57M	―	-4.52%	6.09%	2.16%	11.18%

Apartment Investment & Management Corporate Events

Aimco Enhances Portfolio with Strategic Developments

Aimco is actively enhancing its portfolio through strategic developments and prudent capital allocation, aiming to maximize shareholder returns. They are participating in REITworld 2024 to discuss their financial strategies, including maintaining liquidity, hedging interest rate risks, and focusing on shareholder-friendly governance. With a diversified portfolio, Aimco is focusing on urban and suburban markets, projecting significant revenue growth. Their development pipeline is robust, with new projects being primarily funded through third-party capital, showcasing a commitment to sustainable and profitable growth.