AIV - NYSE

Apartment Investment and Management Company

AIV·NYSE

$3.06

-29%

Real EstateREIT - Residential

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.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$440.20M

EPS3.9500

P/E Ratio0.77

Earnings Date08/10/2026

8.09M

Operating Cash Flow

-83%

3Y-96.0%

5Y-83.0%

10Y-98.0%

874.97M

Investing Cash Flow

2759%

3Y-825.0%

5Y-777.0%

10Y-804.0%

-648.82M

Financing Cash Flow

1378%

3Y+560.0%

5Y-275.0%

10Y+167.0%

Apartment Investment and Management Company Cash Conversion Engine

AIV · NYSE

FCF Components

Net Income554.01M

Depreciation & Amortization58.28M

Stock-Based Compensation5.90M

Change in Working Capital-10.26M

Others-542.24M

Capital Expenditures-99.62M

Free Cash Flow-91.53M

Cash Flow Quality Analysis

FCF Conversion Rate

-16.5%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

1231.0%

Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.

FCF Growth Trend

+19.0%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$10.26M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Cash flow concerns: Despite profitability, the company is burning cash. Review working capital management, CapEx levels, and sustainability of current operations.

Apartment Investment and Management Company Cash Flow Statement

AIV • NYSE

Apartment Investment and Management Company Cash Flow Statement	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
OPERATING ACTIVITIES
Net Income	554M	-96M	-157.3M	92.2M	-5M	-5.8M	113K	3.4M	315.5M	429.8M	247.8M	20.6M	207.3M	132.5M	-57.1M	-71.7M	-64.3M	415.5M	29.9M	176.8M
Depreciation & Amortization	58.3M	86.4M	68.8M	159M	84.7M	78M	64M	49.4M	366.2M	333.1M	306.3M	282.6M	291.9M	366.8M	378M	426.1M	444.4M	458.6M	487.8M	470.6M
Change in Deferred Taxes	-57.6M	-11.1M	-12.8M	17.3M	-13.6M	-10.1M	-3.3M	261K	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Stock-Based Compensation	5.9M	6.5M	9.2M	7.5M	5.3M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Non-Cash Items	-542.2M	62.1M	148.6M	-45.1M	-36.5M	-11.1M	446K	647K	489.4M	312.8M	461.9M	9.6M	-183.2M	-368.3M	-83.5M	-243.2M	-414M	-583.4M	40.9M	-148M
Cash Taxes Paid	(0.0)	(931K)	(1.7M)	(22.9M)	(2.9M)	(9.2M)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)
Change in Working Capital	-10.3M	-873K	-6.2M	-26.5M	-22.3M	-3.1M	-893K	732K	-31.2M	-26.2M	-21.7M	2.8M	4M	180.9M	16M	139M	261M	117M	-108M	17M
Cash from Operating Activities	8.1M	47M	50.5M	204.2M	12.6M	47.8M	57.9M	53.5M	392.1M	377.7M	359.9M	321.4M	325.6M	316.8M	258.8M	257.5M	233.8M	421.5M	465.5M	532.3M
INVESTING ACTIVITIES
Investments in Property, Plant, and Equipment	-99.6M	-160M	-272.5M	-237.5M	-177.8M	-23.9M	-39.3M	-37.8M	-358.1M	-346.6M	-367.2M	-659.8M	-401.6M	-359.9M	-265.3M	-178.9M	-300.3M	-777.9M	-891.2M	-666M
Acquisitions, Net	(0.0)	(0.0)	-3.8M	-15.7M	(29.7M)	(0.0)	(4.9M)	-3.6M	-314.3M	-26.5M	-4.5M	(0.0)	(0.0)	(31M)	(17M)	(20M)	(25M)	(94M)	(0.0)	(23M)
Purchase of Investments	(0.0)	(0.0)	-53.8M	-14.2M	-23.3M	(0.0)	-277.6M	-242.3M	-20.4M	-290.7M	-169.9M	-284M	-51.3M	-89.7M	-65M	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)
Sale/Maturity of Investments	0.0	0.0	54.7M	16.5M	-29.7M	0.0	-4.9M	713.9M	402.4M	536.9M	367.6M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Investing Items	974.6M	190.6M	14.9M	130.2M	-70.3M	-105.4M	-95.9M	-9.2M	-10.9M	2.7M	-1.4M	957.6M	518.1M	530.3M	353.8M	245.3M	905.6M	2B	619.6M	876M
Cash from Investing Activities	(875M)	(30.6M)	-260.4M	-120.8M	-271.4M	-129.3M	-412.9M	-37.8M	-301.3M	-124.3M	-175.4M	(13.7M)	(65.2M)	(111.7M)	(40.5M)	(86.4M)	(630.3M)	(1.3B)	-271.6M	(233M)
FINANCING ACTIVITIES
Net Issuance of Common Stock	-256K	-39.9M	-47.9M	-23.5M	-76K	0.0	0.0	0.0	0.0	-34.8M	339.6M	114.8M	993K	52.2M	57.4M	4.3M	-4.2M	-525.2M	-354M	-169.7M
Net Issuance of Debt	-222.2M	59.8M	85.8M	-167M	189.7M	-44.2M	70.9M	176.4M	0.0	36.7M	-247M	-263.2M	-188.9M	-204.5M	-156.6M	-147.2M	-796.1M	-562.9M	640.4M	-72M
Cash Paid for Dividends	-415.6M	(0.0)	(0.0)	-3M	(0.0)	(0.0)	(0.0)	-246.1M	-234M	-216.3M	-195.2M	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)
Share Repurchases	-256K	-39.9M	-47.9M	-23.5M	-76K	(0.0)	(0.0)	-373.6M	(0.0)	-34.8M	-27M	(114.8M)	(1M)	(52.2M)	(57.4M)	(4.3M)	-4.2M	-526.7M	-355.7M	-191.6M
Other Financing Items	-10.8M	-63.8M	81.6M	95.5M	15.1M	414.3M	289.3M	-192.3M	154.5M	-28.6M	-60M	-54.4M	-88.7M	-177.9M	-113M	-170.9M	-282.2M	-589M	-201.8M	-223.7M
Cash from Financing Activities	-648.8M	-43.9M	119.4M	-98.3M	204.7M	370.1M	360.2M	-15.9M	-79.4M	-243M	-162.7M	-361.9M	-419.5M	-435.1M	-319.6M	-313.8M	-1.1B	-1.7B	-213.3M	-697.2M
CASH FLOW SUMMARY
Effect of Foreign Exchange Rates	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-100K	0.0	0.0	0.0	-100K	0.0	0.0
Net Change in Cash	234.2M	33.7M	-90.5M	-14.8M	-54.2M	288.6M	5.3M	-281K	11.4M	80.4M	21.8M	-26.8M	-28.7M	-6.7M	-20.3M	30.1M	-218.4M	89.2M	-19.4M	68.1M
Cash at Beginning of Period	173M	139.3M	229.8M	244.6M	298.7M	10.1M	4.8M	5.1M	131.2M	50.8M	115.9M	56M	84M	91M	111M	81M	300M	210M	230M	162M
Cash at End of Period	407.2M	173M	139.3M	229.8M	244.6M	298.7M	10.1M	4.8M	142.5M	131.2M	137.7M	29.2M	55.3M	84.3M	90.7M	111.1M	81.6M	299.2M	210.6M	230.1M
Free Cash Flow	-91.5M	-113M	-222M	-33.3M	-165.2M	24M	18.6M	15.6M	34M	31.1M	-7.3M	-338.4M	-76M	-43.1M	-6.5M	78.6M	-66.5M	-356.4M	-425.7M	-133.7M

SEC Filings

AIV - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
10-Q 10-Q 2026 Q1 Q1	May 11, 2026	March 31, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 24, 2026	June 10, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 30, 2026	March 27, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 06, 2026	March 06, 2026	2026	View Filing
10-K 10-K 2025 FY FY	March 02, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	March 02, 2026	March 02, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 09, 2026	February 09, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 06, 2026	February 06, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 02, 2026	February 02, 2026	2026	View Filing
8-K 8-K 2025 N/A	December 30, 2025	December 26, 2025	2025	View Filing

Showing 1 to 10 of 789 filings

Related Guides

Blog Categories

Continue your AIV research with focused valuation guides.

Fundamentals

Decode statement quality and operating durability.

Accounting

Interpret line items with cleaner analytical framing.

Forecasting

Translate historical performance into forward scenarios.

Reference

Use practical frameworks for statement-led valuation.

Research Paths

Pick your next lens

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.