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Apartment Investment & Management
(NYSE:AIV)
Apartment Investment & Management (AIV) vs. SPDR S&P 500 ETF (SPY)
Apartment Investment & Management Business Overview & Revenue Model
Apartment Investment & Management Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 138.49M | 208.68M | 187.00M | 190.34M | 169.84M |
| Gross Profit | -46.42M | 117.69M | 113.28M | 118.55M | 102.22M |
| EBITDA | 101.86M | 49.34M | -63.52M | 342.23M | 119.06M |
| Net Income | 546.68M | -102.47M | -166.20M | 75.73M | -5.91M |
Balance Sheet | |||||
| Total Assets | 1.68B | 1.96B | 2.09B | 2.18B | 2.43B |
| Cash, Cash Equivalents and Short-Term Investments | 394.89M | 141.07M | 122.60M | 206.46M | 233.37M |
| Total Debt | 870.67M | 1.20B | 1.27B | 1.16B | 1.62B |
| Total Liabilities | 1.12B | 1.64B | 1.50B | 1.39B | 1.84B |
| Stockholders Equity | 361.85M | 122.96M | 349.65M | 547.85M | 500.56M |
Cash Flow | |||||
| Free Cash Flow | -91.53M | -113.04M | -222.03M | -33.29M | -165.22M |
| Operating Cash Flow | 8.09M | 46.98M | 50.47M | 204.23M | 12.59M |
| Investing Cash Flow | 874.97M | 30.60M | -260.40M | -120.75M | -271.41M |
| Financing Cash Flow | -648.82M | -43.90M | 119.43M | -98.29M | 204.67M |
Apartment Investment & Management Technical Analysis
Apartment Investment & Management Risk Analysis
Apartment Investment & Management Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | $1.76B | 18.46 | 5.33% | 2.17% | 3.37% | ― | |
62 Neutral | $1.20B | 51.05 | 2.88% | 5.66% | 8.91% | -39.58% | |
57 Neutral | $3.68B | 72.30 | 1.64% | 3.88% | 0.84% | ― | |
55 Neutral | $1.01B | 63.46 | -4.93% | 4.58% | 36.82% | ― | |
47 Neutral | $628.41M | -23.86 | -12.63% | 7.06% | -4.46% | -206.19% | |
45 Neutral | $582.67M | 0.70 | 342.51% | 7.42% | -4.63% | 42.39% |
Apartment Investment & Management Corporate Events
On February 6, 2026, Aimco stockholders overwhelmingly approved a Plan of Sale and Liquidation, marking a decisive shift toward winding down the company’s portfolio. Following this vote, the board on February 9, 2026, declared an initial liquidating distribution of $1.45 per share, to be paid on March 13, 2026, funded by proceeds from the December 2025 sale of the Brickell Assemblage.
As part of executing the plan, Aimco has signed agreements with four buyers to sell 12 properties for roughly $680 million, backed by about $30 million in non‑refundable deposits, including assets in Chicago, Nashville, South Florida, New York City, and Aurora, Colorado. If these deals close as expected, the company estimates second‑quarter liquidating distributions of $0.85 to $0.95 per share after repaying property‑level and construction debt and preferred equity, while simultaneously marketing remaining stabilized, land, development, and lease‑up assets for sale by mid‑2026, signaling a staged return of capital but with no assurance that actual distributions will match current estimates.
The most recent analyst rating on (AIV) stock is a Hold with a $5.50 price target. To see the full list of analyst forecasts on Apartment Investment & Management stock, see the AIV Stock Forecast page.
On February 6, 2026, Apartment Investment and Management Company (Aimco) held a special meeting of stockholders at its Denver headquarters, where shareholders approved a comprehensive Plan of Sale and Liquidation that authorizes the sale or disposition of all company assets, the winding down of its business and affairs, and the voluntary dissolution of the company. Stockholders also gave advisory approval to the compensation that may be paid to Aimco’s named executive officers in connection with the liquidation, and they authorized potential adjournments of the meeting, though no adjournment was ultimately needed; the vote effectively sets Aimco on a path to cease operations, marking a significant shift for the company’s stakeholders as it transitions from ongoing operations to an orderly wind-down and asset sale process.
The most recent analyst rating on (AIV) stock is a Hold with a $5.50 price target. To see the full list of analyst forecasts on Apartment Investment & Management stock, see the AIV Stock Forecast page.
On November 10, 2025, Apartment Investment and Management Company’s board approved a Plan of Sale and Liquidation to sell or dispose of all company assets, wind down operations and ultimately dissolve the REIT, later filing and mailing proxy materials to shareholders in December 2025 and early January 2026 to seek their approval. In a subsequent update, Aimco detailed that it had engaged Morgan Stanley, originally retained for advisory work in 2022 and formally engaged as lead financial advisor in December 2024, to assist in evaluating strategic transactions and to review the methodology and assumptions behind the company’s estimated total liquidating distributions; Morgan Stanley has received about $5.55 million in fees related to this engagement, underscoring the scale and finality of Aimco’s move toward liquidation and the central role of outside advisors in shaping the wind-down process for shareholders and other stakeholders.
The most recent analyst rating on (AIV) stock is a Hold with a $6.00 price target. To see the full list of analyst forecasts on Apartment Investment & Management stock, see the AIV Stock Forecast page.
On December 26, 2025, Aimco Development Company, LLC, an affiliate of Apartment Investment and Management Company, entered into a letter agreement with Chief Executive Officer Wesley Powell that restructures his compensation to support the execution of Aimco’s strategic plans, including the Plan of Sale and Liquidation approved by the board in November 2025, and to mitigate potential adverse tax consequences under Sections 280G and 4999 of the Internal Revenue Code. Under the agreement, Powell receives an accelerated 2025 cash bonus of $1.47 million and a $5.25 million cash retention award, both payable by December 31, 2025, in exchange for giving up future cash severance rights, with strict clawback provisions requiring after-tax repayment if he resigns or is terminated for cause before specified milestones tied to his 2025 bonus payment date, any change in control, completion of stockholder distributions under the Plan of Sale and Liquidation, or, if the plan is not approved, December 31, 2027; retention of the award after the payment date also depends on Powell signing and not revoking a release in favor of Aimco. These terms tighten alignment between Powell’s incentives and the company’s liquidation strategy while reducing traditional severance exposure, signaling to investors and other stakeholders that leadership continuity and careful tax and payout structuring are central to Aimco’s wind-down and asset-disposition process.
The most recent analyst rating on (AIV) stock is a Hold with a $6.00 price target. To see the full list of analyst forecasts on Apartment Investment & Management stock, see the AIV Stock Forecast page.
On December 23, 2025, Aimco agreed through two subsidiaries to sell two apartment communities totaling 660 units in Plantation, Florida, and Nashville, Tennessee, to HGI Acquisitions for $155 million, with closing targeted for the first quarter of 2026 following the buyer’s completion of due diligence and a $5 million non‑refundable deposit. Separately, the company completed on December 22, 2025, the previously announced $520 million sale of its Brickell Assemblage in Miami, Florida, to an unaffiliated buyer, with $85 million of the price financed through high‑yield, short‑term seller notes and initial net cash proceeds of about $220 million after debt, taxes and costs, which Aimco plans largely to return to shareholders, underscoring an ongoing portfolio recycling strategy and capital return focus that may reshape its asset base and investor profile.
The most recent analyst rating on (AIV) stock is a Hold with a $5.50 price target. To see the full list of analyst forecasts on Apartment Investment & Management stock, see the AIV Stock Forecast page.
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.
The most recent analyst rating on (AIV) stock is a Hold with a $5.50 price target. To see the full list of analyst forecasts on Apartment Investment & Management stock, see the AIV Stock Forecast page.