Apartment Investment & Management (AIV) AI Stock Analysis

• Market Cap: $1.19B
• Dividend Yield: 7.13%
• Average Volume (3M): 973.00K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.83
• Revenue Growth: 9.28%
• EPS Growth: 34.42%
• Country: US
• Employees: 58
• Sector: Real Estate
• Sector Strength: 56
• Industry: REIT - Residential
• EPS (TTM): -0.10
• Shares Outstanding: 141,707,660
• 10 Day Avg. Volume: 953,062
• 30 Day Avg. Volume: 972,996
• PEG Ratio: 2.67
• Price to Book (P/B): 10.71
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 261.38
• Enterprise Value/Market Cap: 1.99
• Enterprise Value/Revenue: 2.89
• Enterprise Value/Gross Profit: 20.06
• Enterprise Value/Ebitda: -39.49
• 1Y Price Target: $8.00
• Price Target Upside: -4.88% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 45 Neutral
• Price Target: $8.00 ▼(-4.88%Downside)

The overall stock score for AIV is primarily influenced by its financial performance, which is challenged by negative profitability and high leverage. The valuation score is also low due to the negative P/E ratio, though the high dividend yield offers some compensation. Technical analysis provides a slightly more positive outlook, with mixed signals suggesting potential stability. However, the financial and valuation concerns weigh heavily on the overall score.

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 portfolio of apartment communities. The company leases residential units to individuals and families, collecting monthly rent payments. Additionally, AIV may earn income from ancillary services provided to residents, such as parking, pet fees, and utility reimbursements. The company's strategic focus on high-demand markets with favorable demographics and economic conditions contributes to its ability to maintain high occupancy rates and rental growth, which are critical to its earnings. Furthermore, AIV may engage in property development and renovation projects to enhance the value of its assets, thereby increasing rental income potential. The company also seeks to optimize its portfolio through strategic acquisitions and dispositions, ensuring alignment with its long-term growth objectives.

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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	208.68M	187.00M	190.34M	169.84M	151.45M
Gross Profit	117.69M	113.28M	118.55M	102.22M	89.94M
EBITDA	80.66M	76.62M	127.08M	112.56M	105.42M
Net Income	-102.47M	-166.20M	75.73M	-4.98M	-5.77M
Balance Sheet
Total Assets	1.96B	2.09B	2.18B	2.43B	1.84B
Cash, Cash Equivalents and Short-Term Investments	141.07M	122.60M	206.46M	233.37M	289.58M
Total Debt	1.19B	1.27B	1.16B	1.62B	1.08B
Total Liabilities	1.64B	1.50B	1.39B	1.84B	1.28B
Stockholders Equity	122.96M	349.65M	547.85M	500.56M	499.78M
Cash Flow
Free Cash Flow	-113.04M	-222.03M	-33.29M	-165.22M	23.96M
Operating Cash Flow	46.98M	50.47M	204.23M	12.59M	47.85M
Investing Cash Flow	30.60M	-260.40M	-120.75M	-271.41M	-129.32M
Financing Cash Flow	-43.90M	119.43M	-98.29M	204.67M	370.09M

Apartment Investment & Management Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 8.41
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• 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 8.41 is below the 20-day moving average (MA) of 8.65, below the 50-day MA of 8.45, and above the 200-day MA of 8.36, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 41.39 is Neutral, neither overbought nor oversold. The STOCH value of 27.29 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	68 Neutral	$1.37B	146.27	3.45%	5.36%	8.01%	―
CSR	66 Neutral	$959.72M	―	-1.55%	5.59%	-1.81%	-33.33%
BRT	59 Neutral	$275.04M	―	-4.28%	6.87%	2.39%	-407.57%
VRE	57 Neutral	$1.32B	―	-1.91%	2.24%	0.26%	77.82%
NXRT	57 Neutral	$794.07M	866.19	-11.85%	6.39%	-6.02%	-156.44%
Sector *	53 Neutral	$1.18B	3.64	-0.04%	6.26%	-2.24%	-136.10%
AIV	45 Neutral	$1.19B	―	-48.27%	7.13%	9.28%	34.42%

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.