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Apartment Investment and Management Co Stock Research

AIV

7.09USD-0.04(-0.56%)Market Closed

Market Summary

USD7.09-0.04
Market Closed
-0.56%

AIV Alerts

AIV Stock Price

AIV RSI Chart

AIV Valuation

Market Cap

1.0B

Price/Earnings (Trailing)

11.27

Price/Sales (Trailing)

5.46

EV/EBITDA

5.5

Price/Free Cashflow

5.09

AIV Price/Sales (Trailing)

AIV Profitability

EBT Margin

57.49%

Return on Equity

16.82%

Return on Assets

4.23%

Free Cashflow Yield

19.66%

AIV Fundamentals

AIV Revenue

Revenue (TTM)

190.3M

Revenue Y/Y

-10.17%

Revenue Q/Q

-11.98%

AIV Earnings

Earnings (TTM)

92.2M

Earnings Y/Y

-17.3K%

Earnings Q/Q

-700.88%

Price Action

52 Week Range

5.229.79
(Low)(High)

Last 7 days

-8.7%

Last 30 days

-7.8%

Last 90 days

-10.2%

Trailing 12 Months

-1.9%

AIV Financial Health

Debt/Equity

1.91

Debt/Cashflow

0.19

AIV Investor Care

Buy Backs (1Y)

2.20%

Diluted EPS (TTM)

0.49

Peers (Alternatives to Apartment Investment and Management)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
51.7B
4.2B
-4.61% -14.88%
11.88
12.36
22.43% 122.66%
30.0B
4.7B
-6.82% -21.36%
79.47
6.4
5.96% -77.90%
22.3B
2.7B
-9.31% -29.65%
28.69
8.21
11.91% -41.71%
21.2B
2.6B
-23.98% -31.95%
40.62
8.18
22.46% -8.68%
13.2B
1.7B
-4.07% -13.87%
104.43
7.61
26.61% -85.07%
MID-CAP
7.7B
1.1B
-13.38% -14.77%
20.08
7.2
12.95% 47.42%
4.3B
802.0M
-9.03% -5.22%
-341.02
5.37
114.83% 84.36%
2.9B
1.8B
-31.59% -62.57%
-8.47
1.63
13.26% -296.88%
2.1B
859.2M
-25.44% -29.31%
-31.63
2.43
1.38% -563.21%
SMALL-CAP
1.9B
421.4M
-3.41% 12.84%
22.56
4.55
3.35% 1705.32%
1.7B
826.7M
-30.54% -63.53%
-22.04
2.08
-2.04% -117.36%
1.0B
190.3M
-7.76% -1.93%
11.27
5.46
12.08% 1950.56%
983.2M
740.4M
-22.73% -54.50%
-27.01
1.33
1.87% -78.85%

Financials for Apartment Investment and Management

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-2.4%190195190180170
Operating Expenses-2.5%270277212193185
  S&GA Expenses-0.4%40.0040.0038.0036.0033.00
EBITDA-39.2%342563479113-
EBITDA Margin-37.7%1.80*2.88*2.51*0.63*-
Earnings Before Taxes-65.5%109317293-28.83-18.55
EBT Margin-64.6%0.57*1.62*1.54*-0.16*-
Interest Expenses-8.6%74.0081.0084.0055.0053.00
Net Income-68.9%92.00296257-16.30-4.98
Net Income Margin-68.1%0.48*1.52*1.35*-0.10*-
Free Cahsflow-6.6%20421921.0017.00-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-5.0%2,1812,2962,4192,5942,434
    Cash Equivalents0.0%20620682.00109233
Liabilities8.1%1,3891,2851,5431,9751,838
  Long Term Debt11.5%1,0489401,1481,2271,181
Shareholder's Equity-28.6%548767825582501
  Retained Earnings-80.1%50.00251225-14.57-22.77
  Additional Paid-In Capital-3.5%496514515523522
Shares Outstanding-1.7%147149149150150
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-6.6%20421921.0017.0013.00
  Share Based Compensation-6.4%7.008.008.007.005.00
Cashflow From Investing12.3%-120-137-294-344-271
Cashflow From Financing16.9%-98.29-11872.00270205
  Dividend Payments-25.0%3.004.00---
  Buy Backs256.3%23.007.009.005.00-

Risks for AIV

What is the probability of a big loss on AIV?

49.6%


Probability that Apartment Investment and Management stock will be more than 20% underwater in next one year

33.5%


Probability that Apartment Investment and Management stock will be more than 30% underwater in next one year.

19.2%


Probability that Apartment Investment and Management stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does AIV drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Apartment Investment and Management was unfortunately bought at previous high price.

Drawdowns

Returns for AIV

Cumulative Returns on AIV

9.0%


10-Year Cumulative Returns

7.5%


7-Year Cumulative Returns

8.7%


5-Year Cumulative Returns

7.8%


3-Year Cumulative Returns

What are the long-term rolling returns for AIV?

FIve years rolling returns for Apartment Investment and Management.

Annualized Returns

Which funds bought or sold AIV recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
285
1,029,180
1,403,180
-%
2023-03-10
MATHER GROUP, LLC.
added
6.32
20,586
569,586
0.01%
2023-03-06
Rockefeller Capital Management L.P.
unchanged
-
-
2,000
-%
2023-02-28
Voya Investment Management LLC
added
12.82
224,496
2,464,500
-%
2023-02-21
MACQUARIE GROUP LTD
added
10.43
-40,046
218,954
-%
2023-02-21
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
added
0.08
-24,928
1,012,070
-%
2023-02-21
CENTERSQUARE INVESTMENT MANAGEMENT LLC
reduced
-93.84
-8,669,350
554,648
0.01%
2023-02-17
TRUIST FINANCIAL CORP
added
1.05
-2,846
156,154
-%
2023-02-16
HARBOUR INVESTMENTS, INC.
sold off
-100
-
-
-%
2023-02-15
Metropolitan Life Insurance Co/NY
reduced
-0.28
-3,136
97,864
-%

1–10 of 47

Latest Funds Activity

Are funds buying AIV calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own AIV
No. of Funds

Apartment Investment and Management News

Best Stocks

Analysts at StockNews.com have added new coverage to Apartment ....

Best Stocks,
17 hours ago

StreetInsider.com

Form DEF 14A COUSINS PROPERTIES INC.

StreetInsider.com,
3 days ago

The Harvard Law School Forum on Corporate Governance

Musings and Questions about the Universal Proxy Card.

The Harvard Law School Forum on Corporate Governance,
12 days ago

The Harvard Law School Forum on Corporate Governance

The Universal Proxy: An Early Look.

The Harvard Law School Forum on Corporate Governance,
19 days ago

Penny Stocks

Schedule 13G FIlings of Apartment Investment and Management

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
price t rowe associates inc /md/
11.5%
17,439,376
SC 13G/A
Feb 14, 2023
sessa capital special opportunity fund ii, l.p.
6.5%
9,932,043
SC 13G
Feb 13, 2023
long pond capital, lp
3.8%
5,810,366
SC 13G/A
Feb 09, 2023
vanguard group inc
14.40%
21,828,329
SC 13G/A
Jan 24, 2023
blackrock inc.
9.2%
13,949,317
SC 13G/A
Dec 19, 2022
land & buildings investment management, llc
5.8%
1,511,803
SC 13D/A
Nov 18, 2022
beard joseph g
5.18%
7,857,295
SC 13D/A
Oct 28, 2022
land & buildings investment management, llc
5.8%
1,511,803
SC 13D
Jul 07, 2022
jpmorgan chase & co
0.3%
581,555
SC 13G/A
Feb 14, 2022
price t rowe associates inc /md/
14.3%
21,863,039
SC 13G/A

AIV Fair Value

Apartment Investment and Management fair value in different scenarios

The table shows the Fair Value estimates for Apartment Investment and Management for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

3.12

-55.99%

5.00

-29.48%

6.34

-10.58%

8.70

22.71%

10.33

45.70%
Current Inflation

3.04

-57.12%

4.79

-32.44%

6.01

-15.23%

8.11

14.39%

9.25

30.47%
Very High Inflation

2.94

-58.53%

4.51

-36.39%

5.59

-21.16%

7.37

3.95%

7.98

12.55%

Historical Apartment Investment and Management Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Apartment Investment and Management

View All Filings
Date Filed Form Type Document
Mar 09, 2023
3
Insider Trading
Mar 09, 2023
8-K
Current Report
Feb 27, 2023
10-K
Annual Report
Feb 22, 2023
8-K
Current Report
Feb 21, 2023
8-K
Current Report
Feb 14, 2023
SC 13G
Major Ownership Report
Feb 14, 2023
SC 13G/A
Major Ownership Report
Feb 13, 2023
SC 13G/A
Major Ownership Report
Feb 13, 2023
8-K
Current Report
Feb 09, 2023
SC 13G/A
Major Ownership Report

Latest Insider Trading transactions for AIV

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-02-01
Sullivan James Patrick
acquired
-
-
18,618
-
2023-02-01
Sykes Kirk
acquired
-
-
13,298
-
2023-02-01
Powell Wesley William
acquired
-
-
5,125
president and ceo
2023-02-01
Gibson Patricia L
acquired
-
-
26,596
-
2023-02-01
Leupp Jay P
acquired
-
-
26,596
-
2023-02-01
Allen Quincy
acquired
-
-
19,947
-
2023-02-01
STONE R DARY
acquired
-
-
26,596
-
2023-02-01
Smith Deborah
acquired
-
-
13,298
-
2023-02-01
Stanfield Lynn
acquired
-
-
37,678
evp and cfo
2023-02-01
Johnson Jennifer
acquired
-
-
27,704
evp, cao, and general counsel

1–10 of 50

Wesley W. Powell
60
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.

AIV Income Statement

2022-12-31
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUES:   
Rental and other property revenues$ 190,344$ 169,836$ 151,451
OPERATING EXPENSES:   
Property operating expenses71,79267,61361,514
Depreciation and amortization158,96784,71277,965
Impairment  15,860
General and administrative expenses39,67333,15110,469
Total operating expenses270,432185,476165,808
Interest income4,0522,277110
Interest expense(73,842)(52,902)(27,512)
Realized and unrealized gains (losses) on interest rate options48,2056,5091,058
Realized and unrealized gains (losses) on equity investments20,3026,585 
Gain on dispositions of real estate175,863  
Lease modification income206,963  
Other income (expenses), net(13,373)3,212(3,603)
Income (loss) before income tax109,422(18,550)(15,920)
Income tax benefit (expense)(17,264)13,57010,149
Net income (loss)92,158(4,980)(5,771)
Net (income) loss attributable to redeemable noncontrolling interests in consolidated real estate partnerships(8,829)(91)457
Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships(3,672)(1,136)4
Net loss (income) attributable to common noncontrolling interests in Aimco Operating Partnership(3,931)297269
Net (loss) income attributable to Aimco$ 75,726$ (5,910)$ (5,041)
Net income (loss) attributable to Aimco Operating Partnership per common unit - basic (Note 6)$ 0.50$ (0.04)$ (0.03)
Net income (loss) attributable to Aimco Operating Partnership per common unit - diluted (Note 6)$ 0.49$ (0.04)$ (0.03)
Weighted-average common shares/units outstanding - basic149,395149,480148,569
Weighted-average common shares/units outstanding - diluted150,834149,480148,569
Aimco OP L.P. [Member]   
REVENUES:   
Rental and other property revenues$ 190,344$ 169,836$ 151,451
OPERATING EXPENSES:   
Property operating expenses71,79267,61361,514
Depreciation and amortization158,96784,71277,965
Impairment  15,860
General and administrative expenses39,67333,15110,469
Total operating expenses270,432185,476165,808
Interest income4,0522,277110
Interest expense(73,842)(52,902)(27,512)
Realized and unrealized gains (losses) on interest rate options48,2056,5091,058
Realized and unrealized gains (losses) on equity investments20,3026,585 
Gain on dispositions of real estate175,863  
Lease modification income206,963  
Other income (expenses), net(13,373)3,212(3,603)
Income (loss) before income tax109,422(18,550)(15,920)
Income tax benefit (expense)(17,264)13,57010,149
Net income (loss)92,158(4,980)(5,771)
Net (income) loss attributable to redeemable noncontrolling interests in consolidated real estate partnerships(8,829)(91)457
Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships(3,672)(1,136)4
Net (loss) income attributable to Aimco$ 79,657$ (6,207)$ (5,310)
Net income (loss) attributable to Aimco Operating Partnership per common unit - basic (Note 6)$ 0.50$ (0.04)$ (0.03)
Net income (loss) attributable to Aimco Operating Partnership per common unit - diluted (Note 6)$ 0.49$ (0.04)$ (0.03)
Weighted-average common shares/units outstanding - basic157,317157,701156,500
Weighted-average common shares/units outstanding - diluted158,774157,701156,500
Mezzanine Investment [Member]   
OPERATING EXPENSES:   
Mezzanine / Unconsolidated partnerships investment income (loss), net$ (179,239)$ 30,436$ 27,576
Mezzanine Investment [Member] | Aimco OP L.P. [Member]   
OPERATING EXPENSES:   
Mezzanine / Unconsolidated partnerships investment income (loss), net(179,239)30,43627,576
Unconsolidated Real Estate Partnerships [Member]   
OPERATING EXPENSES:   
Mezzanine / Unconsolidated partnerships investment income (loss), net579973808
Unconsolidated Real Estate Partnerships [Member] | Aimco OP L.P. [Member]   
OPERATING EXPENSES:   
Mezzanine / Unconsolidated partnerships investment income (loss), net$ 579$ 973$ 808

AIV Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
ASSETS  
Buildings and improvements$ 1,322,381$ 1,257,214
Land641,102534,285
Total real estate1,963,4831,791,499
Accumulated depreciation(530,722)(561,115)
Net real estate1,432,7611,230,384
Cash and cash equivalents206,460233,374
Restricted cash23,30611,208
Mezzanine investment158,558337,797
Unconsolidated real estate partnerships15,78913,025
Notes receivable39,01438,029
Right-of-use lease assets- finance leases110,269429,768
Other assets, net132,679114,859
Total assets2,181,2232,434,101
LIABILITIES AND EQUITY  
Non-recourse property debt, net929,501483,137
Construction loans, net118,698163,570
Notes payable to AIR 534,127
Total indebtedness1,048,1991,180,834
Deferred tax liabilities119,615124,747
Lease liabilities - finance leases114,625435,093
Accrued liabilities and other106,60097,400
Total liabilities1,389,0391,838,074
Redeemable noncontrolling interests in consolidated real estate partnerships166,82633,794
Commitments and contingencies (Note 14)
Equity (510,587,500 shares authorized at both December 31, 2022 and 2021):  
Common Stock, $0.01 par value, 146,524,941 and 149,818,021 shares issued and outstanding at December 31, 2022 and December 31, 2021, respectively1,4661,498
Additional paid-in capital496,482521,842
Retained Earnings (accumulated deficit)49,904(22,775)
Total Aimco equity547,852500,565
Noncontrolling interests in consolidated real estate partnerships48,29435,213
Common noncontrolling interests in Aimco Operating Partnership29,21226,455
Total equity625,358562,233
Total liabilities and equity2,181,2232,434,101
Aimco OP L.P. [Member]  
ASSETS  
Buildings and improvements1,322,3811,257,214
Land641,102534,285
Total real estate1,963,4831,791,499
Accumulated depreciation(530,722)(561,115)
Net real estate1,432,7611,230,384
Cash and cash equivalents206,460233,374
Restricted cash23,30611,208
Mezzanine investment158,558337,797
Unconsolidated real estate partnerships15,78913,025
Notes receivable39,01438,029
Right-of-use lease assets- finance leases110,269429,768
Other assets, net132,679114,859
Total assets2,181,2232,434,101
LIABILITIES AND EQUITY  
Non-recourse property debt, net929,501483,137
Construction loans, net118,698163,570
Notes payable to AIR 534,127
Total indebtedness1,048,1991,180,834
Deferred tax liabilities119,615124,747
Lease liabilities - finance leases114,625435,093
Accrued liabilities and other106,60097,400
Total liabilities1,389,0391,838,074
Redeemable noncontrolling interests in consolidated real estate partnerships166,82633,794
Commitments and contingencies (Note 14)
Equity (510,587,500 shares authorized at both December 31, 2022 and 2021):  
General Partner and Special Limited Partner547,852500,565
Limited Partners29,21226,455
Partners' capital attributable to Aimco Operating Partnership577,064527,020
Noncontrolling interests in consolidated real estate partnerships48,29435,213
Total partners' capital625,358562,233
Total liabilities and equity2,181,2232,434,101
Interest Rate Options  
ASSETS  
Interest rate options62,38725,657
Interest Rate Options | Aimco OP L.P. [Member]  
ASSETS  
Interest rate options$ 62,387$ 25,657