$3.06
-29%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.
Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation
Base year metrics used for projections
Forecast period and terminal assumptions
Calculation flow from present value to intrinsic value per share
Operating Cash Flow - Maintenance CapEx = Owner Earnings
| Metric | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $9.6M | $11.5M | $13.6M | $16.2M | $19.3M | $23.0M | $27.4M | $32.6M | $38.8M | $46.2M |
| Maintenance CapEx | -$23.7M | -$28.2M | -$33.6M | -$40.0M | -$47.6M | -$56.7M | -$67.5M | -$80.3M | -$95.6M | -$113.8M |
| Owner Earnings | -$14.1M | -$16.8M | -$20.0M | -$23.8M | -$28.3M | -$33.7M | -$40.1M | -$47.7M | -$56.8M | -$67.6M |
| Discount Factor | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 | 0.630 | 0.583 | 0.540 | 0.500 | 0.463 |
| Present Value | -$13.0M | -$14.4M | -$15.8M | -$17.5M | -$19.2M | -$21.2M | -$23.4M | -$25.8M | -$28.4M | -$31.3M |
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.