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Apartment Investment and Management Co Stock Research

AIV

7.18USD+0.06(+0.84%)Delayedas of 20 Sep 2023, 01:40 pm
Watchlist

Market Summary

USD7.18+0.06
Delayedas of 20 Sep 2023, 01:40 pm
0.84%

AIV Stock Price

AIV RSI Chart

AIV Valuation

Market Cap

1.0B

Price/Earnings (Trailing)

-5.79

Price/Sales (Trailing)

3.02

EV/EBITDA

-55.51

Price/Free Cashflow

5.21

AIV Price/Sales (Trailing)

AIV Profitability

EBT Margin

50.60%

Return on Equity

14.35%

Return on Assets

3.49%

Free Cashflow Yield

19.2%

AIV Fundamentals

AIV Revenue

Revenue (TTM)

184.6M

Revenue Y/Y

-11.45%

Revenue Q/Q

5.48%

AIV Earnings

Earnings (TTM)

-176.8M

Earnings Y/Y

-99.94%

Earnings Q/Q

102.5%

Price Action

52 Week Range

6.478.93
(Low)(High)

Last 7 days

-5.4%

Last 30 days

-10.0%

Last 90 days

-11.9%

Trailing 12 Months

-19.5%

AIV Financial Health

Debt/Equity

2.04

Debt/Cashflow

0.19

AIV Investor Care

Buy Backs (1Y)

3.92%

Diluted EPS (TTM)

-1.21

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for AIV

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-04-26
Dreyer Kellie
acquired
-
-
2,059
senior vice president and cao
2023-03-27
REXROAD SHERRY L
acquired
-
-
21,217
-
2023-02-01
Smith Deborah
acquired
-
-
13,298
-
2023-02-01
Powell Wesley William
acquired
-
-
5,125
president and ceo
2023-02-01
STONE R DARY
acquired
-
-
26,596
-
2023-02-01
Leupp Jay P
acquired
-
-
26,596
-
2023-02-01
Johnson Jennifer
acquired
-
-
27,704
evp, cao, and general counsel
2023-02-01
Stanfield Lynn
acquired
-
-
37,678
evp and cfo
2023-02-01
Sullivan James Patrick
acquired
-
-
18,618
-
2023-02-01
Gibson Patricia L
acquired
-
-
26,596
-

1–10 of 50

Which funds bought or sold AIV recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-12
Farther Finance Advisors, LLC
unchanged
-
21.00
213
-%
2023-08-23
WOLVERINE TRADING, LLC
new
-
97,988
97,988
-%
2023-08-22
VIRGINIA RETIREMENT SYSTEMS ET AL
reduced
-18.59
-224,256
2,063,290
0.02%
2023-08-21
OSAIC HOLDINGS, INC.
reduced
-18.03
-7,062
69,833
-%
2023-08-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-11.01
-20,397
1,432,230
-%
2023-08-16
Nuveen Asset Management, LLC
added
14.5
1,021,770
4,823,770
-%
2023-08-16
Sunbelt Securities, Inc.
unchanged
-
5.00
34.00
-%
2023-08-15
LAZARD ASSET MANAGEMENT LLC
added
30,565
11,704,000
11,738,000
0.01%
2023-08-15
K2 PRINCIPAL FUND, L.P.
added
156
2,307,680
3,562,620
0.81%
2023-08-15
ALLIANCEBERNSTEIN L.P.
reduced
-0.66
156,489
1,711,440
-%

1–10 of 42

Latest Funds Activity

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

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

Recent SEC filings of Apartment Investment and Management

View All Filings
Date Filed Form Type Document
Sep 13, 2023
8-K
Current Report
Aug 16, 2023
ARS
ARS
Aug 15, 2023
DEFA14A
DEFA14A
Aug 15, 2023
DEF 14A
DEF 14A
Aug 07, 2023
8-K
Current Report
Aug 07, 2023
10-Q
Quarterly Report
Aug 02, 2023
PRE 14A
PRE 14A
Jun 23, 2023
8-K
Current Report
Jun 15, 2023
8-K
Current Report

AIV Fair Value

Loading...

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
48.1B
4.4B
-0.64% -17.74%
11.24
10.95
14.80% 87.79%
38.0B
5.1B
4.66% 16.87%
88.81
7.41
13.73% -68.04%
23.5B
2.0B
-2.80% -13.36%
28.23
11.66
-22.97% -33.54%
20.0B
2.7B
-2.88% -24.35%
26.64
7.46
15.16% 88.51%
11.5B
1.8B
-3.14% -11.36%
28.33
6.52
6.75% -42.80%
MID-CAP
7.9B
1.1B
-0.05% -2.78%
20.26
7.09
8.31% 38.10%
4.9B
820.5M
2.36% 18.76%
176.26
6.03
29.95% 125.56%
4.8B
1.8B
19.34% -3.76%
-12.9
2.63
5.60% -286.96%
2.6B
866.2M
3.18% 34.92%
-29.67
2.99
0.51% -335.26%
SMALL-CAP
2.7B
882.0M
26.91% -3.95%
-6.06
3.04
11.76% -239.94%
2.4B
426.3M
-1.74% 52.60%
25.73
5.71
1.38% 137.97%
1.1B
732.3M
10.97% -25.39%
-13.41
1.56
-0.03% -4012.90%
1.0B
339.3M
-9.99% -19.55%
-5.79
3.02
88.48% -168.70%

Apartment Investment and Management News

Marketscreener.com
AIR Communities Helps Raise $529000 For Military and ....
Marketscreener.com,
101 minutes ago
Investing Daily
Clayton County Register
Apartment Finance Today
Business Wire
Seeking Alpha

Returns for AIV

Cumulative Returns on AIV

9.4%


10-Year Cumulative Returns

5.5%


7-Year Cumulative Returns

6.4%


5-Year Cumulative Returns

17.2%


3-Year Cumulative Returns

Risks for AIV

What is the probability of a big loss on AIV?

59.2%


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

41.1%


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

Financials for Apartment Investment and Management

Income Statement (Last 12 Months)
Income Statement (Last 12 Months)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q22018Q1
Revenue78.3%339,307,000190,344,000349,785,000344,995,000180,026,000169,836,000161,764,000156,199,000152,946,000151,451,000151,003,000151,488,000146,212,000143,692,000337,513,000542,181,000760,479,000972,410,000995,617,0001,007,771,0001,006,676,000
Operating Expenses-3.6%260,797,000270,432,000277,394,000212,424,000193,317,000185,476,000194,501,000181,768,000173,320,000165,808,000-327,050,000-171,849,000-23,730,000128,633,00082,114,00086,441,000103,171,000108,693,000828,642,000828,545,000817,105,000
  S&GA Expenses-2.7%38,603,00039,673,00039,831,00037,890,00036,312,00033,151,00028,092,00020,776,00015,018,00010,469,000-19,921,000-10,878,000-1,005,0007,062,000492,0002,376,0004,760,0005,766,00049,774,00047,824,00044,050,000
EBITDA-8.1%314,503,000342,231,000562,802,000478,557,000113,111,000119,064,000-157,546,000-106,278,000134,409,00089,557,000-263,482,000-192,197,000-136,386,000229,649,000-------
EBITDA Margin-5.3%1.701.802.882.510.630.70-0.97-0.680.400.27-0.50-0.27-0.190.25-------
Interest Expenses-6.6%68,967,00073,842,00080,773,00083,734,00054,826,00052,902,00046,944,00041,367,00034,538,00027,512,000-85,800,000-50,892,000-17,160,00018,598,000-589,0002,892,00013,257,00019,643,000192,386,000197,576,000194,528,000
Earnings Before Taxes-14.6%93,417,000109,422,000316,963,000293,486,000-28,828,000-18,550,000-32,535,000-26,345,000-2,118,000-15,920,000-363,571,000-362,020,000-294,932,000-3,188,000-327,155,000302,094,000236,774,0003,672,000965,257,000352,641,000364,852,000
EBT Margin-12.0%0.510.571.621.54-0.16-0.11-0.30-0.440.06-0.05-0.62-0.45-0.410.00-------
Net Income-17.2%76,293,00092,158,000296,314,000257,295,000-16,302,000-4,980,000-19,233,000-12,391,00011,108,000-5,771,0008,396,0005,293,0003,358,000113,00011,221,000616,245,000622,223,000716,603,000992,952,000411,179,000425,614,000
Net Income Margin-14.6%0.410.481.521.35-0.10-0.03-0.12-0.260.140.100.360.270.300.53-------
Free Cashflow-0.4%203,320,000204,232,000218,753,00021,498,00016,773,00012,586,00028,599,000-120,045,00034,615,00047,846,000-179,487,000-83,697,000-8,133,00057,929,000-------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets1.2%2,2162,1892,1812,2962,4192,5942,4342,3942,3122,2181,8407,0427,1217,0481,2606,5396,2416,2846,1906,1856,544
    Cash Equivalents-0.7%16516620620694.001782452632952352999.0010.0010.0010.0093.0066.001985.00104139
Liabilities2.5%1,4491,4131,3891,2851,5431,9751,8381,8291,7471,6321,2774,8225,2465,1527424,6524,2974,2224,3253,8904,788
  Long Term Debt-1.8%1,0661,0851,0489401,1481,2271,1811,1581,0769649824,4074,8924,8035594,2554,0003,9294,076--
Shareholder's Equity-14.2%5226095487678255825625615615815596475215125141,7861,8431,9602272,1941,655
  Retained Earnings-8.8%37.0041.0050.00251225-14.57-22.77-21.38-16.323.00-16.84----------
  Additional Paid-In Capital-1.2%4834894965145155235225195185165154,0013,4913,489-3,4973,4993,4953,5163,8883,887
Shares Outstanding-0.7%1441451471491501501501501491491491491491491,1181,1141,1141,0831,0861,1411,141
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations-3.3%19720320421921.0017.0013.0029.0036.0035.0048.00-179-83.70-8.1358.0029.0038.0054.0053.00400400
  Share Based Compensation-4.3%9.009.007.008.008.007.005.005.004.003.00----8.00---9.00--
Cashflow From Investing-68.2%-122-72.54-120-137-294-344-271-238-220-160-129-504-621-671-412-292453386-37.84528-101
Cashflow From Financing119.6%24.00-119-98.29-11872.00270205463470351370668717560360322-494-310-15.92-957-292
  Dividend Payments---3.004.00-------241238235241242244245238235232
  Buy Backs12.8%42.0037.0023.007.009.005.00-----10.0010.0010.0021.00394394394374--

AIV Income Statement

2023-06-30
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
REVENUES    
Rental and other property revenues$ 45,674$ 50,697$ 89,942$ 100,691
OPERATING EXPENSES    
Property operating expenses18,78319,70836,28738,929
Depreciation and amortization17,03134,86333,30257,981
General and administrative expenses7,8908,96116,29318,433
Total operating expenses43,70463,53285,882115,343
Interest income2,4785654,5361,121
Interest expense(9,656)(41,546)(19,381)(56,147)
Realized and unrealized gains (losses) on interest rate options3,38320,0172,32638,795
Realized and unrealized gains (losses) on equity investments1,09426,6301,23122,297
Gain on dispositions of real estate1,87894,5981,87894,465
Lease modification income 205,387 205,387
Other income (expense), net(1,413)(2,022)(4,910)(2,909)
Income (loss) before income tax(273)299,168(10,222)305,224
Income tax benefit (expense)417(45,957)4,613(41,901)
Net income (loss)144253,211(5,609)263,323
Net (income) loss attributable to redeemable noncontrolling interests in consolidated real estate partnerships(3,576)(1,069)(6,849)(2,539)
Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships(348)(346)(613)(344)
Net (income) loss attributable to common noncontrolling interests in Aimco Operating Partnership178(12,659)652(13,094)
Net income (loss) attributable to Aimco$ (3,602)$ 239,137$ (12,419)$ 247,346
Net income (loss) attributable to Aimco per common share - basic (Note 4)$ (0.02)$ 1.58$ (0.09)$ 1.63
Net income (loss) attributable to Aimco per common share - diluted (Note 4)$ (0.02)$ 1.57$ (0.09)$ 1.62
Weighted-average common shares/units outstanding - basic144,195149,600145,007149,694
Weighted-average common shares/units outstanding - diluted144,195150,423145,007150,660
Aimco OP L.P. [Member]    
REVENUES    
Rental and other property revenues$ 45,674$ 50,697$ 89,942$ 100,691
OPERATING EXPENSES    
Property operating expenses18,78319,70836,28738,929
Depreciation and amortization17,03134,86333,30257,981
General and administrative expenses7,8908,96116,29318,433
Total operating expenses43,70463,53285,882115,343
Interest income2,4785654,5361,121
Interest expense(9,656)(41,546)(19,381)(56,147)
Realized and unrealized gains (losses) on interest rate options3,38320,0172,32638,795
Realized and unrealized gains (losses) on equity investments1,09426,6301,23122,297
Gain on dispositions of real estate1,87894,5981,87894,465
Lease modification income 205,387 205,387
Other income (expense), net(1,413)(2,022)(4,910)(2,909)
Income (loss) before income tax(273)299,168(10,222)305,224
Income tax benefit (expense)417(45,957)4,613(41,901)
Net income (loss)144253,211(5,609)263,323
Net (income) loss attributable to redeemable noncontrolling interests in consolidated real estate partnerships(3,576)(1,069)(6,849)(2,539)
Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships(348)(346)(613)(344)
Net income (loss) attributable to Aimco$ (3,780)$ 251,796$ (13,071)$ 260,440
Net income (loss) attributable to Aimco per common share - basic (Note 4)$ (0.02)$ 1.58$ (0.09)$ 1.63
Net income (loss) attributable to Aimco per common share - diluted (Note 4)$ (0.02)$ 1.57$ (0.09)$ 1.62
Weighted-average common shares/units outstanding - basic151,966157,525152,795157,621
Weighted-average common shares/units outstanding - diluted151,966158,447152,795158,666
Unconsolidated Real Estate Partnerships Member    
OPERATING EXPENSES    
Mezzanine / Unconsolidated partnerships investment income (loss), net$ 121$ 44$ 295$ 300
Unconsolidated Real Estate Partnerships Member | Aimco OP L.P. [Member]    
OPERATING EXPENSES    
Mezzanine / Unconsolidated partnerships investment income (loss), net12144295300
Mezzanine Investment [Member]    
OPERATING EXPENSES    
Mezzanine / Unconsolidated partnerships investment income (loss), net(128)8,330(257)16,567
Mezzanine Investment [Member] | Aimco OP L.P. [Member]    
OPERATING EXPENSES    
Mezzanine / Unconsolidated partnerships investment income (loss), net$ (128)$ 8,330$ (257)$ 16,567

AIV Balance Sheet

2023-06-30
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS  
Buildings and improvements$ 1,467,732$ 1,322,381
Land638,660641,102
Total real estate2,106,3921,963,483
Accumulated depreciation(548,316)(530,722)
Net real estate1,558,0761,432,761
Cash and cash equivalents164,990206,460
Restricted cash27,37523,306
Mezzanine investment158,301158,558
Unconsolidated real estate partnerships20,80815,789
Notes receivable$ 39,533$ 39,014
Financing Receivable, after Allowance for Credit Loss, Related and Nonrelated Party Status [Extensible Enumeration]Related Party [Member]Related Party [Member]
Right-of-use lease assets- finance leases$ 109,631$ 110,269
Other assets, net128,640132,679
Total assets2,216,3522,181,223
LIABILITIES AND EQUITY  
Non-recourse property debt, net869,974929,501
Construction loans, net195,688118,698
Total indebtedness1,065,6621,048,199
Deferred tax liabilities113,969119,615
Lease liabilities - finance leases116,593114,625
Mezzanine investment - participation sold33,977 
Accrued liabilities and other118,744106,600
Total liabilities1,448,9451,389,039
Redeemable noncontrolling interests in consolidated real estate partnerships168,648166,826
Commitments and contingencies (Note 3)
Equity (510,587,500 shares authorized at both June 30, 2023 and December 31, 2022):  
Common Stock, $0.01 par value, 143,733,654 and 146,524,941 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively1,4381,466
Additional paid-in capital483,258496,482
Retained earnings37,48649,904
Total Aimco equity522,182547,852
Noncontrolling interests in consolidated real estate partnerships48,47248,294
Common noncontrolling interests in Aimco Operating Partnership28,10529,212
Total equity598,759625,358
Partners' capital:  
Total liabilities and equity2,216,3522,181,223
Aimco OP L.P. [Member]  
ASSETS  
Buildings and improvements1,467,7321,322,381
Land638,660641,102
Total real estate2,106,3921,963,483
Accumulated depreciation(548,316)(530,722)
Net real estate1,558,0761,432,761
Cash and cash equivalents164,990206,460
Restricted cash27,37523,306
Mezzanine investment158,301158,558
Unconsolidated real estate partnerships20,80815,789
Notes receivable$ 39,533$ 39,014
Financing Receivable, after Allowance for Credit Loss, Related and Nonrelated Party Status [Extensible Enumeration]Related Party [Member]Related Party [Member]
Right-of-use lease assets- finance leases$ 109,631$ 110,269
Other assets, net128,640132,679
Total assets2,216,3522,181,223
LIABILITIES AND EQUITY  
Non-recourse property debt, net869,974929,501
Construction loans, net195,688118,698
Total indebtedness1,065,6621,048,199
Deferred tax liabilities113,969119,615
Lease liabilities - finance leases116,593114,625
Mezzanine investment - participation sold33,977 
Accrued liabilities and other118,744106,600
Total liabilities1,448,9451,389,039
Redeemable noncontrolling interests in consolidated real estate partnerships168,648166,826
Commitments and contingencies (Note 3)
Partners' capital:  
General Partner and Special Limited Partner522,182547,852
Limited Partners28,10529,212
Partners’ capital attributable to Aimco Operating Partnership550,287577,064
Noncontrolling interests in consolidated real estate partnerships48,47248,294
Total partners’ capital598,759625,358
Total liabilities and equity2,216,3522,181,223
Interest Rate Options  
ASSETS  
Interest rate options8,99862,387
Interest Rate Options | Aimco OP L.P. [Member]  
ASSETS  
Interest rate options$ 8,998$ 62,387
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.