Stocks · Real estate · Real Estate Investment Trusts

APARTMENT INVESTMENT & MANAGEMENT CO

AIV Clue Score53
United States Fiscal year ends December CIK 0000922864
$1.77 -0.56% Close, 9 Oct 2026
Price $1.77 −75.35% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue995.9Operating income246.8Net income430.4EPS, diluted2.67Fiscal year 2017Revenue1,005.4 +1.0%Operating income194.0Net income315.8 −26.6%EPS, diluted2.02 −24.3%Fiscal year 2018Revenue132.2 −86.9%Net income3.2 −99.0%EPS, diluted0.02 −99.0%Fiscal year 2019Revenue143.7 +8.7%Operating income15.1Net income0.3 −90.6%EPS, diluted0.00 −100.0%Fiscal year 2020Revenue151.5 +5.4%Operating income−14.4Net income−5.0 −1,758.2%EPS, diluted−0.03Fiscal year 2021Revenue169.8 +12.1%Operating income−15.6Net income−5.9EPS, diluted−0.04Fiscal year 2022Revenue190.3 +12.1%Operating income118.6Net income74.6EPS, diluted3.87Fiscal year 2023Revenue119.9 −37.0%Operating income113.3Net income−166.2 −322.7%EPS, diluted−1.16 −130.0%Fiscal year 2024Revenue137.7 +14.8%Operating income117.7Net income−104.0EPS, diluted−0.75Fiscal year 2025Revenue138.5 +0.6%Net income547.2EPS, diluted3.87
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 995.9 1,005.4 132.2 143.7 151.5 169.8 190.3 119.9 137.7 138.5
Growth +1.0% −86.9% +8.7% +5.4% +12.1% +12.1% −37.0% +14.8% +0.6%
Operating income 246.8 194.0 n/a 15.1 −14.4 −15.6 118.6 113.3 117.7 n/a
Net income 430.4 315.8 3.2 0.3 −5.0 −5.9 74.6 −166.2 −104.0 547.2
Growth −26.6% −99.0% −90.6% −1,758.2% −322.7%
EPS, diluted 2.67 2.02 0.02 0.00 −0.03 −0.04 3.87 −1.16 −0.75 3.87
Growth −24.3% −99.0% −100.0% −130.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin24.8%Net margin43.2%Fiscal year 2017Operating margin19.3%Net margin31.4%Fiscal year 2018Net margin2.5%Fiscal year 2019Operating margin10.5%Net margin0.2%Fiscal year 2020Operating margin−9.5%Net margin−3.3%Fiscal year 2021Operating margin−9.2%Net margin−3.5%Fiscal year 2022Operating margin62.3%Net margin39.2%Fiscal year 2023Operating margin94.5%Net margin−138.6%Fiscal year 2024Operating margin85.5%Net margin−75.5%Fiscal year 2025Net margin395.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 24.8% 19.3% n/a 10.5% −9.5% −9.2% 62.3% 94.5% 85.5% n/a
Net margin 43.2% 31.4% 2.5% 0.2% −3.3% −3.5% 39.2% −138.6% −75.5% 395.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2016Operating cash flow376.5Buybacks0.0Dividends paid−206.3Fiscal year 2017Operating cash flow392.1Buybacks0.0Dividends paid−225.4Fiscal year 2018Operating cash flow53.5Buybacks−373.6Dividends paid−237.5Fiscal year 2019Operating cash flow57.9Buybacks−20.7Dividends paid−241.3Fiscal year 2020Operating cash flow47.8Fiscal year 2021Operating cash flow12.6Fiscal year 2022Operating cash flow204.2Buybacks−23.5Dividends paid−3.0Fiscal year 2023Operating cash flow50.5Buybacks−46.8Fiscal year 2024Operating cash flow47.0Buybacks−38.9Fiscal year 2025Operating cash flow8.1Buybacks−0.3Dividends paid−415.6
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 376.5 392.1 53.5 57.9 47.8 12.6 204.2 50.5 47.0 8.1
Buybacks 0.0 0.0 −373.6 −20.7 n/a n/a −23.5 −46.8 −38.9 −0.3
Dividends paid −206.3 −225.4 −237.5 −241.3 n/a n/a −3.0 n/a n/a −415.6

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash61.2Total debt3,884.6Net cash (debt)−3,823.4Shareholders’ equity1,793.9Debt to equity2.17Fiscal year 2017Cash76.8Shareholders’ equity1,663.1Fiscal year 2018Cash36.9Total debt4,075.7Net cash (debt)−4,038.8Shareholders’ equity1,699.4Debt to equity2.40Fiscal year 2019Cash5.4Total debt558.9Net cash (debt)−553.5Shareholders’ equity513.3Debt to equity1.09Fiscal year 2020Cash289.6Total debt982.1Net cash (debt)−692.5Shareholders’ equity499.8Debt to equity1.97Fiscal year 2021Cash233.4Total debt1,180.8Net cash (debt)−947.5Shareholders’ equity500.6Debt to equity2.36Fiscal year 2022Cash206.5Total debt1,048.2Net cash (debt)−841.7Shareholders’ equity547.9Debt to equity1.91Fiscal year 2023Cash122.6Total debt1,147.7Net cash (debt)−1,025.1Shareholders’ equity349.7Debt to equity3.28Fiscal year 2024Cash141.1Total debt829.7Net cash (debt)−688.6Shareholders’ equity123.0Debt to equity6.75Fiscal year 2025Cash394.9Total debt738.6Net cash (debt)−343.7Shareholders’ equity361.9Debt to equity2.04
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 61.2 76.8 36.9 5.4 289.6 233.4 206.5 122.6 141.1 394.9
Total debt 3,884.6 n/a 4,075.7 558.9 982.1 1,180.8 1,048.2 1,147.7 829.7 738.6
Net cash (debt) −3,823.4 n/a −4,038.8 −553.5 −692.5 −947.5 −841.7 −1,025.1 −688.6 −343.7
Shareholders’ equity 1,793.9 1,663.1 1,699.4 513.3 499.8 500.6 547.9 349.7 123.0 361.9
Debt to equity 2.17 n/a 2.40 1.09 1.97 2.36 1.91 3.28 6.75 2.04

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
24.8% 19.3% n/a 10.5% −9.5% −9.2% 62.3% 94.5% 85.5% n/a
46.6% 31.5% 2.8% −2.2% −10.5% −10.9% 57.5% −161.4% −98.2% −11.4%
43.2% 31.4% 2.5% 0.2% −3.3% −3.5% 39.2% −138.6% −75.5% 395.1%
Spending
4.7% 4.3% 4.4% 4.9% 6.9% 19.5% 20.8% 27.4% 23.8% 24.6%
−4.1% −9.8% 7.1% n/a n/a n/a 15.8% n/a n/a n/a
Returns
24.0% 19.0% 0.2% 0.1% −1.0% −1.2% 13.6% −47.5% −84.6% 151.2%
6.9% 5.2% 0.1% 0.0% −0.3% −0.2% 3.4% −8.0% −5.3% 32.7%
Balance and payout
2.17 n/a 2.40 1.09 1.97 2.36 1.91 3.28 6.75 2.04
67.1% 71.1% 69.9% 58.9% 69.4% 75.5% 63.7% 71.7% 84.0% 67.0%
47.9% 71.4% 7,323.6% 79,371.1% n/a n/a 4.1% n/a n/a 75.9%