What is Apartment Invt & Mgmt Co's earnings per share (EPS)?

Apartment Invt & Mgmt Co (AIV) reported diluted earnings per share of $3.87 for fiscal year 2025. This represents a 616.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Apartment Invt & Mgmt Co Financials

AIV

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Apartment Invt & Mgmt Co (AIV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Neutral

4/9

Apartment Invt & Mgmt Co passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Low Quality

0.01x

For every $1 of reported earnings, Apartment Invt & Mgmt Co generates $0.01 in operating cash flow ($8.1M OCF vs $547.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$138.5M

YoY+0.6%

5Y CAGR-1.8%

10Y CAGR-17.8%

Apartment Invt & Mgmt Co generated $138.5M in revenue in fiscal year 2025. This represents an increase of 0.6% from the prior year.

EBITDA

N/A

Net Income

$547.2M

YoY+626.2%

10Y CAGR+8.2%

Apartment Invt & Mgmt Co reported $547.2M in net income in fiscal year 2025. This represents an increase of 626.2% from the prior year.

EPS (Diluted)

$3.87

YoY+616.0%

10Y CAGR+9.8%

Apartment Invt & Mgmt Co earned $3.87 per diluted share (EPS) in fiscal year 2025. This represents an increase of 616.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$394.9M

YoY+179.9%

5Y CAGR+6.4%

10Y CAGR+22.8%

Apartment Invt & Mgmt Co held $394.9M in cash against $738.6M in long-term debt as of fiscal year 2025.

Dividends Per Share

$2.83

5Y CAGR-43.1%

10Y CAGR+9.1%

Apartment Invt & Mgmt Co paid $2.83 per share in dividends in fiscal year 2025.

Shares Outstanding

140M

YoY+2.8%

5Y CAGR-1.2%

10Y CAGR-1.1%

Apartment Invt & Mgmt Co had 140M shares outstanding in fiscal year 2025. This represents an increase of 2.8% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

395.1%

YoY+470.6pp

5Y CAGR+398.4pp

10Y CAGR+369.8pp

Apartment Invt & Mgmt Co's net profit margin was 395.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 470.6 percentage points from the prior year.

Return on Equity

151.2%

YoY+235.8pp

5Y CAGR+152.2pp

10Y CAGR+135.9pp

Apartment Invt & Mgmt Co's ROE was 151.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 235.8 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$256K

YoY-99.3%

Apartment Invt & Mgmt Co spent $256K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 99.3% from the prior year.

Capital Expenditures

N/A

AIV Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$138.5M+0.6%	$137.7M+14.8%	$119.9M-37.0%	$190.3M+12.1%	$169.8M+12.1%	$151.5M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$34.0M+3.6%	$32.8M-0.1%	$32.9M-17.2%	$39.7M+19.7%	$33.2M+216.7%	$10.5M
Operating Income	N/A	$117.7M+3.9%	$113.3M-4.4%	$118.6M+858.0%	-$15.6M-8.9%	-$14.4M
Interest Expense	$59.4M+0.1%	$59.4M+120.5%	$26.9M-63.5%	$73.8M+39.6%	$52.9M+92.3%	$27.5M
Income Tax	-$57.6M-420.2%	-$11.1M+13.2%	-$12.8M-173.9%	$17.3M+227.2%	-$13.6M-33.7%	-$10.1M
Net Income	$547.2M+626.2%	-$104.0M+37.4%	-$166.2M-322.7%	$74.6M+1362.9%	-$5.9M-17.2%	-$5.0M
EPS (Diluted)	$3.87+616.0%	$-0.75+35.3%	$-1.16-130.0%	$3.87+9775.0%	$-0.04-33.3%	$-0.03

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	N/A	$35.1M-33.4%	$52.8M+0.8%	$52.4M+5027.5%	$1.0M-97.1%	$35.3M-30.9%	$51.1M+1.9%	$50.2M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	$7.5M-3.5%	$7.8M-4.7%	$8.2M-8.7%	$9.0M+15.6%	$7.8M+2.3%	$7.6M-11.4%	$8.5M
Operating Income	N/A	$18.2M-38.3%	$29.6M+1.0%	$29.3M-31.0%	$42.4M+140.1%	$17.7M-38.2%	$28.6M-1.4%	$29.0M
Interest Expense	N/A	$14.0M-22.0%	$18.0M+3.2%	$17.4M+35.7%	$12.9M-21.3%	$16.3M-3.0%	$16.8M+25.8%	$13.4M
Income Tax	N/A	-$116K-102.1%	$5.6M+6654.1%	-$85K+96.4%	-$2.3M+38.7%	-$3.8M-74.3%	-$2.2M+19.9%	-$2.7M
Net Income	N/A	$283.1M+1566.6%	-$19.3M-38.7%	-$13.9M-22.7%	-$11.3M+48.3%	-$21.9M+63.8%	-$60.5M-494.2%	-$10.2M
EPS (Diluted)	N/A	$2.04+1557.1%	$-0.14-40.0%	$-0.10	N/A	$-0.16+62.8%	$-0.43-514.3%	$-0.07

AIV Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$1.7B-14.4%	$2.0B-6.3%	$2.1B-4.2%	$2.2B-10.4%	$2.4B+32.3%	$1.8B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$394.9M+179.9%	$141.1M+15.1%	$122.6M-40.6%	$206.5M-11.5%	$233.4M-19.4%	$289.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$13.8M+76.1%	$7.8M+51.1%	$5.2M+26.9%	$4.1M+65.2%	$2.5M-7.2%	$2.7M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.1B-31.7%	$1.6B+9.8%	$1.5B+7.8%	$1.4B-24.4%	$1.8B+43.9%	$1.3B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$738.6M-11.0%	$829.7M-27.7%	$1.1B+9.5%	$1.0B-11.2%	$1.2B+20.2%	$982.1M
Total Equity	$361.9M+194.3%	$123.0M-64.8%	$349.7M-36.2%	$547.9M+9.4%	$500.6M+0.2%	$499.8M
Retained Earnings	-$68.7M+77.4%	-$303.4M-160.9%	-$116.3M-333.0%	$49.9M+319.1%	-$22.8M-35.3%	-$16.8M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$1.7B-19.3%	$2.1B+11.1%	$1.9B-0.2%	$1.9B-4.3%	$2.0B-5.4%	$2.1B+0.5%	$2.1B-3.0%	$2.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$394.9M-2.3%	$404.4M+877.1%	$41.4M-15.8%	$49.1M-65.2%	$141.1M+70.7%	$82.6M-6.7%	$88.5M-27.3%	$121.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$13.8M+4.4%	$13.2M+64.1%	$8.0M+0.2%	$8.0M+2.6%	$7.8M-0.9%	$7.9M+1.9%	$7.8M-25.7%	$10.4M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.1B-38.4%	$1.8B+14.8%	$1.6B+1.1%	$1.6B-4.5%	$1.6B+2.8%	$1.6B+2.3%	$1.6B+1.5%	$1.5B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$738.6M-10.9%	$828.5M-24.6%	$1.1B+1.4%	$1.1B+30.5%	$829.7M-33.7%	$1.3B+3.2%	$1.2B+2.5%	$1.2B
Total Equity	$361.9M+483.7%	$62.0M-32.4%	$91.7M-17.0%	$110.5M-10.1%	$123.0M-46.5%	$229.8M-9.4%	$253.5M-24.5%	$335.8M
Retained Earnings	-$68.7M+81.5%	-$371.0M-10.3%	-$336.5M-6.1%	-$317.2M-4.5%	-$303.4M-45.2%	-$208.9M-11.7%	-$187.0M-47.9%	-$126.5M

AIV Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$8.1M-82.8%	$47.0M-6.9%	$50.5M-75.3%	$204.2M+1522.7%	$12.6M-73.7%	$47.8M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$875.0M+2759.3%	$30.6M+111.8%	-$260.4M-115.6%	-$120.8M+55.5%	-$271.4M-109.9%	-$129.3M
Financing Cash Flow	-$648.8M-1378.1%	-$43.9M-136.8%	$119.4M+221.5%	-$98.3M-148.0%	$204.7M-44.7%	$370.1M
Dividends Paid	$415.6M	N/A	N/A	$3.0M	N/A	N/A
Share Buybacks	$256K-99.3%	$38.9M-16.9%	$46.8M+99.4%	$23.5M	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	N/A	$8.9M-7.7%	$9.7M+152.5%	$3.8M+362.3%	$828K-95.0%	$16.4M+105.3%	$8.0M-63.1%	$21.7M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	$447.5M+1822.1%	-$26.0M-31.6%	-$19.7M-113.6%	$145.0M+492.7%	-$36.9M-1.6%	-$36.4M+11.5%	-$41.1M
Financing Cash Flow	N/A	-$99.4M-1451.9%	$7.4M+109.2%	-$79.8M+4.1%	-$83.2M-487.3%	$21.5M+908.2%	-$2.7M-113.0%	$20.5M
Dividends Paid	N/A	$0	$0-100.0%	$88.2M	N/A	N/A	N/A	N/A
Share Buybacks	N/A	$0	$0-100.0%	$256K-94.7%	$4.8M+52.1%	$3.2M-87.1%	$24.4M+272.7%	$6.6M

AIV Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	85.5%-9.0pp	94.5%+32.2pp	62.3%+71.5pp	-9.2%+0.3pp	-9.5%
Net Margin	395.1%+470.6pp	-75.5%+63.1pp	-138.6%-177.8pp	39.2%+42.7pp	-3.5%-0.1pp	-3.3%
Return on Equity	151.2%+235.8pp	-84.6%-37.0pp	-47.5%-61.1pp	13.6%+14.8pp	-1.2%-0.2pp	-1.0%
Return on Assets	32.6%+38.0pp	-5.3%+2.6pp	-8.0%-11.4pp	3.4%+3.7pp	-0.2%+0.0pp	-0.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	2.04-4.7	6.75+3.5	3.28+1.4	1.91-0.4	2.36+0.4	1.97
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	51.9%-4.1pp	56.0%+0.1pp	55.9%-4099.8pp	4155.7%+4105.7pp	50.0%-5.9pp	55.9%-1.9pp	57.8%
Net Margin	N/A	805.9%+842.5pp	-36.6%-10.0pp	-26.6%+1084.1pp	-1110.7%-1048.6pp	-62.1%+56.3pp	-118.3%-98.0pp	-20.3%
Return on Equity	N/A	456.7%+477.8pp	-21.1%-8.5pp	-12.6%-3.4pp	-9.2%+0.3pp	-9.6%+14.3pp	-23.9%-20.8pp	-3.0%
Return on Assets	N/A	13.6%+14.7pp	-1.0%-0.3pp	-0.7%-0.2pp	-0.6%+0.5pp	-1.1%+1.9pp	-2.9%-2.5pp	-0.5%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	2.04-11.3	13.37+1.4	11.99+2.2	9.80+3.1	6.75+1.3	5.44+0.7	4.78+1.3	3.52
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Apartment Invt & Mgmt Co's annual revenue?

Apartment Invt & Mgmt Co (AIV) reported $138.5M in total revenue for fiscal year 2025. This represents a 0.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Apartment Invt & Mgmt Co's revenue growing?

Apartment Invt & Mgmt Co (AIV) revenue grew by 0.6% year-over-year, from $137.7M to $138.5M in fiscal year 2025.

Is Apartment Invt & Mgmt Co profitable?

Yes, Apartment Invt & Mgmt Co (AIV) reported a net income of $547.2M in fiscal year 2025, with a net profit margin of 395.1%.

How much debt does Apartment Invt & Mgmt Co have?

As of fiscal year 2025, Apartment Invt & Mgmt Co (AIV) had $394.9M in cash and equivalents against $738.6M in long-term debt.

What is Apartment Invt & Mgmt Co's net profit margin?

Apartment Invt & Mgmt Co (AIV) had a net profit margin of 395.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Apartment Invt & Mgmt Co pay dividends?

Yes, Apartment Invt & Mgmt Co (AIV) paid $2.83 per share in dividends during fiscal year 2025.

What is Apartment Invt & Mgmt Co's return on equity (ROE)?

Apartment Invt & Mgmt Co (AIV) has a return on equity of 151.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Apartment Invt & Mgmt Co's operating cash flow?

Apartment Invt & Mgmt Co (AIV) generated $8.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Apartment Invt & Mgmt Co's total assets?

Apartment Invt & Mgmt Co (AIV) had $1.7B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Apartment Invt & Mgmt Co buy back shares?

Yes, Apartment Invt & Mgmt Co (AIV) spent $256K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Apartment Invt & Mgmt Co have outstanding?

Apartment Invt & Mgmt Co (AIV) had 140M shares outstanding as of fiscal year 2025.

What is Apartment Invt & Mgmt Co's debt-to-equity ratio?

Apartment Invt & Mgmt Co (AIV) had a debt-to-equity ratio of 2.04 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Apartment Invt & Mgmt Co's return on assets (ROA)?

Apartment Invt & Mgmt Co (AIV) had a return on assets of 32.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Apartment Invt & Mgmt Co's Piotroski F-Score?

Apartment Invt & Mgmt Co (AIV) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Apartment Invt & Mgmt Co's earnings high quality?

Apartment Invt & Mgmt Co (AIV) has an earnings quality ratio of 0.01x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.