Apartment Investment & Management (AIV) AI Stock Analysis

• Market Cap: $854.37M
• Dividend Yield: 7.42%
• Average Volume (3M): 1.97M
• 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: 1,637,239
• 30 Day Avg. Volume: 1,973,025
• 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: 2.14
• 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): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: $6.00 ▲(5.08% Upside)

The score is held down primarily by weak financial performance (leverage risk, inconsistent profitability, and negative free cash flow with earnings boosted by one-time gains). Technicals are modestly supportive and recent asset-sale/liquidation actions add a positive catalyst, while valuation is mixed due to a negative P/E despite a high dividend yield.

Positive Factors

Strategic Asset Sales

The strategic sale of properties for $455M reflects a focus on portfolio optimization and capital recycling, potentially enhancing long-term shareholder value through targeted asset management and reinvestment opportunities.

Capital Return Strategy

The intention to return significant sale proceeds to shareholders indicates a strong commitment to capital return, which can boost investor confidence and support the stock's attractiveness over the long term.

Portfolio Recycling

Aimco's continued portfolio recycling, including major property sales, aligns with a strategic focus on optimizing asset allocation, potentially improving operational efficiency and financial performance over time.

Negative Factors

Revenue Contraction

A significant decline in revenue growth suggests challenges in maintaining market share or pricing power, which could impact long-term profitability and competitive positioning in the residential REIT sector.

High Leverage

High leverage levels pose financial risk, limiting flexibility in capital allocation and increasing vulnerability to interest rate changes, which could affect long-term financial stability and operational resilience.

Negative Free Cash Flow

Persistent negative free cash flow indicates challenges in generating sufficient cash from operations, potentially hindering the company's ability to fund growth initiatives or meet financial obligations sustainably.

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 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: Positive
• Last Price: 5.71
• 50DMA: Positive
• 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 Positive. The current price of 5.71 is below the 20-day moving average (MA) of 5.86, above the 50-day MA of 5.69, and below the 200-day MA of 5.75, indicating a bullish trend. The MACD of 0.06 indicates Positive momentum. The RSI at 58.39 is Neutral, neither overbought nor oversold. The STOCH value of 47.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	$1.37B	210.63	3.02%	5.66%	8.91%	-39.58%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
VRE	63 Neutral	$1.38B	22.73	5.33%	2.17%	3.37%	―
IRT	60 Neutral	$4.20B	179.77	0.65%	3.88%	0.84%	―
CSR	59 Neutral	$1.15B	49.32	4.30%	4.58%	36.82%	―
NXRT	51 Neutral	$791.01M	-16.46	-12.63%	7.06%	-4.46%	-206.19%
AIV	49 Neutral	$854.37M	-5.92	171.00%	7.42%	-4.63%	42.39%

Apartment Investment & Management Corporate Events

Aimco Restructures CEO Pay to Support Liquidation Plan

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.

Aimco Continues Portfolio Recycling With Major Property Sales

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.

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.

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.

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.

The most recent analyst rating on (AIV) stock is a Buy with a $10.00 price target. To see the full list of analyst forecasts on Apartment Investment & Management stock, see the AIV Stock Forecast page.