AIV Financials APARTMENT INVESTMENT & MANAGEMENT CO
15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 1.8% per year over the past 5 years.
Financial health
Total debt ($457M) exceeds cash ($395M); net debt is $62M.
Total debt has grown slower than revenue (-14.2% vs -1.8% per year).
Shareholder returns
Dividends have been paid for 1 consecutive year, consuming 75.9% of earnings.
The dividend has grown 415.0% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$138M
$547M
0.0%
0.0%
—
$457M
$395M
2024
$138M
-$104M
0.0%
85.5%
—
$830M
$141M
2023
$120M
-$166M
0.0%
94.5%
—
$1.1B
$123M
2022
$190M
$75M
0.0%
62.3%
—
$1.0B
$206M
2021
$170M
-$6M
0.0%
-9.2%
—
$1.2B
$233M
2020
$151M
-$5M
0.0%
-9.5%
—
$982M
$290M
2019
$144M
$304000
0.0%
10.5%
—
$559M
$5M
2018
$132M
$3M
0.0%
0.0%
—
$4.1B
$37M
2017
$1.0B
$316M
0.0%
19.3%
—
—
$77M
2016
$996M
$430M
0.0%
24.8%
—
$3.9B
$61M
2015
$981M
$249M
0.0%
26.1%
—
$3.8B
$51M
2014
$984M
$309M
0.0%
26.7%
—
$4.1B
$29M
2013
$974M
$207M
0.0%
25.6%
—
$4.4B
$56M
2012
$959M
$132M
0.0%
18.7%
—
—
$84M
2011
$914M
-$57M
0.0%
14.8%
—
—
$91M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Jan '26
$6M
-$8M
0.0%
32.9%
—
—
$320M
Dec '25
$35M
$297M
0.0%
0.0%
—
$457M
$395M
Sep '25
$35M
$283M
0.0%
51.9%
—
$829M
$404M
Jun '25
$53M
-$19M
0.0%
56.0%
—
$1.1B
$41M
Mar '25
$23M
-$14M
0.0%
42.6%
—
$1.1B
$49M
Dec '24
$36M
-$11M
0.0%
330.8%
—
$830M
$141M
Sep '24
$35M
-$22M
0.0%
50.0%
—
$1.3B
$83M
Jun '24
$51M
-$61M
0.0%
55.9%
—
$1.2B
$89M
Mar '24
$50M
-$10M
0.0%
57.8%
—
$1.2B
$122M
Dec '23
$49M
-$151M
0.0%
214.5%
—
$1.1B
$123M
Sep '23
$48M
-$2M
0.0%
7.1%
—
$1.1B
$96M
Jun '23
$46M
-$4M
0.0%
4.3%
—
$1.1B
$165M
Mar '23
$44M
-$9M
0.0%
4.7%
—
$1.1B
$166M
Dec '22
$42M
-$198M
0.0%
1.4%
—
$1.0B
$206M
Sep '22
$48M
$29M
0.0%
-138.5%
—
$940M
$206M
Jun '22
$51M
$236M
0.0%
-25.3%
—
$1.1B
$82M
Mar '22
$50M
$8M
0.0%
-3.6%
—
$1.2B
$109M
Dec '21
$47M
-$1M
0.0%
-3.5%
—
$1.2B
$233M
Sep '21
$43M
-$5M
0.0%
-13.6%
—
$1.2B
$253M
Jun '21
$40M
-$20M
0.0%
-9.9%
—
$1.1B
$286M
Valuation over time
How the market has priced AIV against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 14.8× (Mar '23) to 1.1× (May '26).
The price-to-sales ratio has fallen from 5.8× (Mar '23) to 3.0× (Jun '26).
The dividend yield has risen from 0.3% (Mar '23) to 99.4% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is AIV growing its revenue and profit?
Over the past 5 years, APARTMENT INVESTMENT & MANAGEMENT CO's revenue has declined 1.8% per year. These are computed facts, not advice.
How much debt does AIV have?
As of FY2025, APARTMENT INVESTMENT & MANAGEMENT CO reported $457M of total debt against $395M of cash.
What is AIV's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin 395.1%.
What is AIV's P/E ratio?
As of Jun '26, APARTMENT INVESTMENT & MANAGEMENT CO traded at a price-to-earnings ratio of about 1.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.