AIV
Apartment Investment and Management Co
NYSE: AIV · REAL ESTATE · REIT - RESIDENTIAL
$4.21
-1.17% today
Updated 2026-04-29
Market cap
$605.63M
P/E ratio
22.16
P/S ratio
4.37x
EPS (TTM)
$0.19
Dividend yield
—
52W range
$4 – $5
Volume
3.4M
Apartment Investment and Management Co (AIV) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.69B | $1.72B | $1.46B | $1.20B | $1.14B | $1.08B | $1.03B | $974.10M | $984.36M | $981.31M | $995.85M | $1.01B | $132.16M | $144.63M | $151.45M | $169.84M | $190.34M | $187.00M | $208.68M | $138.49M |
| Revenue growth (YoY) | — | +1.8% | -15.3% | -18.0% | -4.3% | -5.7% | -4.3% | -5.7% | +1.1% | -0.3% | +1.5% | +1.0% | -86.9% | +9.4% | +4.7% | +12.1% | +12.1% | -1.8% | +11.6% | -33.6% |
| Cost of revenue | $772.60M | $797.10M | $652.80M | $524.00M | $510.20M | $450.00M | $402.20M | $375.70M | $373.32M | $671.55M | $689.83M | $720.77M | $53.55M | $57.54M | $61.51M | $67.61M | $71.79M | $73.71M | $90.98M | $184.91M |
| Gross profit | $918.40M | $924.10M | $805.10M | $671.80M | $634.70M | $629.60M | $631.00M | $598.40M | $611.05M | $309.76M | $306.03M | $284.67M | $78.61M | $87.09M | $89.94M | $102.22M | $118.55M | $113.28M | $117.69M | $-46.42M |
| Gross margin | 54.3% | 53.7% | 55.2% | 56.2% | 55.4% | 58.3% | 61.1% | 61.4% | 62.1% | 31.6% | 30.7% | 28.3% | 59.5% | 60.2% | 59.4% | 60.2% | 62.3% | 60.6% | 56.4% | -33.5% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $101.70M | $89.30M | $99.00M | $85.30M | $67.90M | $61.40M | $61.60M | $50.00M | $51.51M | $49.03M | $46.78M | $43.66M | $5.77M | $7.06M | $10.47M | $33.15M | $39.67M | $32.87M | $32.84M | $34.03M |
| Operating income | $338.00M | $340.60M | $91.70M | $110.20M | $130.50M | $166.30M | $200.20M | $249.00M | $262.35M | $256.26M | $333.07M | $366.18M | $23.47M | $80.02M | $27.45M | $-15.64M | $-80.09M | $11.58M | $-1.50M | $-29.23M |
| Operating margin | 20.0% | 19.8% | 6.3% | 9.2% | 11.4% | 15.4% | 19.4% | 25.6% | 26.7% | 26.1% | 33.4% | 36.4% | 17.8% | 55.3% | 18.1% | -9.2% | -42.1% | 6.2% | -0.7% | -21.1% |
| EBITDA | $807.75M | $347.26M | $322.68M | $222.79M | $555.93M | $238.39M | $556.91M | $544.44M | $325.81M | $562.56M | $579.91M | $596.05M | $73.78M | $80.02M | $89.56M | $119.06M | $342.23M | $-63.52M | $49.34M | $101.86M |
| EBITDA margin | 47.8% | 20.2% | 22.1% | 18.6% | 48.6% | 22.1% | 53.9% | 55.9% | 33.1% | 57.3% | 58.2% | 59.3% | 55.8% | 55.3% | 59.1% | 70.1% | 179.8% | -34.0% | 23.6% | 73.6% |
| EBIT | $337.15M | $-140.54M | $-135.92M | $-221.61M | $129.83M | $-139.61M | $190.11M | $252.54M | $43.20M | $256.26M | $-169.11M | $-179.53M | $-682.87M | $15.99M | $11.59M | $34.35M | $183.26M | $-132.35M | $-37.01M | $43.58M |
| Interest expense | $408.07M | $422.13M | $368.71M | $324.16M | $324.60M | $318.50M | $246.76M | $237.05M | $220.97M | $197.96M | $196.39M | $194.62M | $19.64M | $18.60M | $27.51M | $52.90M | $73.84M | $37.72M | $70.06M | $59.43M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 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% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $176.80M | $29.90M | $415.50M | $-64.30M | $-71.70M | $-57.10M | $132.50M | $207.30M | $20.61M | $247.76M | $64.28M | $316.24M | $3.24M | $304000.00 | $-5.04M | $-5.91M | $75.73M | $-166.20M | $-102.47M | $546.68M |
| Net income growth (YoY) | — | -83.1% | +1289.6% | -115.5% | -11.5% | +20.4% | +332.0% | +56.5% | -90.1% | +1102.0% | -74.1% | +392.0% | -99.0% | -90.6% | -1758.2% | -17.2% | +1381.3% | -319.5% | +38.3% | +633.5% |
| Profit margin | 10.5% | 1.7% | 28.5% | -5.4% | -6.3% | -5.3% | 12.8% | 21.3% | 2.1% | 25.2% | 6.5% | 31.5% | 2.5% | 0.2% | -3.3% | -3.5% | 39.8% | -88.9% | -49.1% | 394.8% |