Apartment Invt & Mgmt Co Financials
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).
Balance-sheet recycling, not routine operations, is the dominant mechanic: investing inflows funded debt reduction and a large shareholder payout.
FY2025's$547M net income barely showed up in cash, with operating cash flow only$8.1M , so accounting profit and cash earnings were telling very different stories.$875M of investing inflow arrived in the same year as a$416M dividend, indicating that cash was being released from the balance sheet and recycled to owners rather than generated by normal operations.
Liquidity improved through balance-sheet repair: cash climbed from
Recent revenue stayed in a narrow band between
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Apartment Invt & Mgmt Co's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Apartment Invt & Mgmt Co's revenue grew a modest 0.6% year-over-year to $138.5M. This slow but positive growth earns a score of 46/100.
Apartment Invt & Mgmt Co has a moderate D/E ratio of 2.04. This balance of debt and equity financing earns a leverage score of 60/100.
Apartment Invt & Mgmt Co earns a strong 151.2% return on equity (ROE), meaning it generates $151 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from -84.6% the prior year.
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.
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
Earnings & Revenue
Apartment Invt & Mgmt Co generated $138.5M in revenue in fiscal year 2025. This represents an increase of 0.6% from the prior year.
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.
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
Apartment Invt & Mgmt Co held $394.9M in cash against $738.6M in long-term debt as of fiscal year 2025.
Apartment Invt & Mgmt Co paid $2.83 per share in dividends in fiscal year 2025.
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
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.
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
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.
AIV Income Statement
| 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 | 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 | 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 | 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.
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 to 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.
How financially healthy is Apartment Invt & Mgmt Co?
Apartment Invt & Mgmt Co (AIV) scores 51 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.