Apartment Investment & Management Co (AIV) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, Apartment Investment & Management reported revenue of $138.5M, down 33.6% from $208.7M the year before. Net income was $547.2M (a 395.1% net margin), or $3.87 per diluted share. Operating activities generated $8.1M of cash. At fiscal year end, Apartment Investment & Management held $1.68B in total assets against $1.12B in total liabilities, including $394.9M of cash and equivalents.
Open the full interactive Apartment Investment & Management financials → Quarterly statements, key ratios, valuation history and price charts.
Apartment Investment & Management Key Stats
| Share Price | $1.73 |
|---|---|
| Market Cap | $244.0M |
| P/E Ratio | 0.4 |
| Revenue YoY Growth | -33.6% |
| 52-Week Range | $1.73 – $3.13 |
| Shares Outstanding | 138.3 million (basic, 2025 Q4) |
Apartment Investment & Management Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $151.5M | $169.8M | $190.3M | $187.0M | $208.7M | $138.5M |
| Operating Income | — | -$15.6M | -$80.1M | $11.6M | $117.7M | — |
| Pre-Tax Income | -$15.9M | -$18.6M | $109.4M | -$170.1M | -$107.1M | -$15.8M |
| Income Tax | -$10.1M | -$13.6M | $17.3M | -$12.8M | -$11.1M | -$57.6M |
| Net Income | -$5.0M | -$5.9M | $74.6M | -$166.2M | -$104.0M | $547.2M |
| Diluted EPS | -$0.03 | -$0.04 | $0.49 | -$1.16 | -$0.75 | $3.87 |
Apartment Investment & Management Quarterly Results
| 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 | |
|---|---|---|---|---|
| Revenue | $52.4M | $52.8M | $35.1M | — |
| Net Income | -$13.9M | -$19.3M | $283.1M | $297.3M |
| Diluted EPS | -$0.10 | -$0.14 | $2.04 | $2.11 |
Apartment Investment & Management Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $289.6M | $233.4M | $206.5M | $122.6M | $141.1M | $394.9M |
| Total Assets | $1.84B | $2.43B | $2.18B | $2.09B | $1.96B | $1.68B |
| Total Long-Term Debt | $982.1M | $1.18B | $1.05B | $1.15B | $1.07B | $738.6M |
| Total Liabilities | $1.28B | $1.84B | $1.39B | $1.50B | $1.64B | $1.12B |
| Shareholders' Equity | $499.8M | $500.6M | $547.9M | $349.7M | $123.0M | $361.9M |
Apartment Investment & Management Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $47.8M | $12.6M | $204.2M | $50.5M | $47.0M | $8.1M |
| Cash From Investing | -$129.3M | -$271.4M | -$120.8M | -$260.4M | $30.6M | $875.0M |
| Cash From Financing | $370.1M | $204.7M | -$98.3M | $119.4M | -$43.9M | -$648.8M |
Figures from Apartment Investment & Management's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Apartment Investment & Management financials page for every line item.
Apartment Investment & Management Company Profile
| Ticker | AIV |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | Denver, Colorado |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000922864 |
Frequently Asked Questions
What was Apartment Investment & Management's revenue in fiscal 2025?
Apartment Investment & Management (AIV) reported revenue of $138.5M for fiscal 2025.
What is Apartment Investment & Management's annual revenue history?
Apartment Investment & Management's annual revenue by fiscal year: 2020: $151.5M; 2021: $169.8M; 2022: $190.3M; 2023: $187.0M; 2024: $208.7M; 2025: $138.5M.
What was Apartment Investment & Management's net income in fiscal 2025?
Apartment Investment & Management reported net income of $547.2M for fiscal 2025.
What was Apartment Investment & Management's earnings per share (EPS) in fiscal 2025?
Apartment Investment & Management's diluted EPS was $3.87 for fiscal 2025 (adjusted for any later stock splits).
How much debt does Apartment Investment & Management have?
Apartment Investment & Management reported $738.6M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Apartment Investment & Management are outstanding?
Apartment Investment & Management reported a weighted average of 138.3 million basic shares outstanding in 2025 Q4.
What is Apartment Investment & Management's market cap?
Based on its latest closing price, Apartment Investment & Management (AIV) has a market capitalization of about $244.0M.
When does Apartment Investment & Management's fiscal year end?
Apartment Investment & Management's fiscal year end, as registered with the SEC, is December 31.
Where is Apartment Investment & Management headquartered?
Apartment Investment & Management lists its business address in Denver, Colorado in its SEC filings.