Apartment Investment & Management Co. (Aimco)

Symbol: AIV
CIK: 922864
Exchange: NYSE
Founded: 1994 (25 years)
HQ: Denver, CO, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Residential

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See AIV on SEC.gov

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Overall Score: 7.1

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REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. Learn More


Apartment Investment & Management Co. (Aimco) Company Logo

Stock Chart

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Hightlights of Trading Day October 18, 2019


Open Price: $54.02
Closing Price: $54.48
Price Change: 0.45 (0.833%)
Lowest Price: $53.91
Highest Price: $54.61

52-Week Low: $43.28
52-Week High: $54.48
52-Week Change: 23.48%

5 Day Price Change: 0.90%
1 Month Price Change: 4.16%
3 Month Price Change: 5.88%
6 Month Price Change: 11.20%
YTD Price Change: 23.72%
1 Year Price Change: 22.45%
2 Year Price Change: 18.43%
5 Year Price Change: 56.34%

Dividend of Trading Day October 18, 2019


Dividend Yield: 2.863%*
Annualized Dividend: $1.56*
Dividend Yield (TTM): 2.893%
Annualized Dividend (TTM): $1.5759
Ex Dividend Date: 2019-08-15
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes.

Latest News Headlines


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Funds From Operations (FFO)


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Key Stats of Trading Day October 18, 2019


Total Cash: $72,595,000
Current Debt: $168,554,000
Revenue: $971,019,000
Gross Profit: $264,411,000
Total Revenue: $971,019,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $592,151,000
Revenue Per Share: $7
Revenue Per Employee: $924,780
Employee: 1,050
Debt to Equity Ratio (D/E): 2.40
Profit Margin: 0.69%
Enterprise Value (EV): $11,975,808,200
Enterprise Value to Revenue (EV/R): 12.33
Price to Sales (P/S): 8.21
Price to Book (P/B): 4.69
Peg Ratio: 0.01
P/E Ratio: 23.85
P/E High: 8.94
P/E Low: 7.13
Forward P/E Ratio: 21.51
Market Capitalization: $8,111,200,320
Beta: 0.43
Latest Volume: 678,950.00
Avg. Total Volume: 1,005,042
Avg. 10 Volume: 925,551.50
Avg. 30 Volume: 1,005,042.00
TTM EPS: 2.28
TTM Dividend Rate: 1.58
Shares Outstanding: 148,884,000
Float: 147,472,579.68
50-Day Moving Avg.: 51.69
200-Day Moving Avg.: 50.39

Properties Owned by AIV


Properties owned:
182
Types:
1
States:
17
Countries:
1
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
AIV Sample Property
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Occupancy Rate


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Dividend History


Below are the most recent cash dividends paid by AIV, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

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Amounts in USD ($)

Balance Sheet 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Current Cash 0 198,389,000 72,595,000 104,299,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 0 90,100,000 96,237,000 87,000,000
Property, Plant & Equipment Net 0 87,500,000 0 0
Goodwill 37,808,000 0 37,800,000 0
Intangible Assets 0 0 23,933,000 0
Other Assets 418,089,000 263,927,000 113,274,000 263,067,000
Net Tangible Assets 1,725,410,000 1,883,636,000 1,661,619,000 2,125,682,000
Total Assets 6,240,804,000 6,283,769,000 6,190,004,000 6,185,021,000
Accounts Payable 0 0 0 0
Liabilities (Other) 299,313,000 213,579,000 249,407,000 242,782,000
Current Liabilities (Other) 0 0 0 0
Total Current Liabilities 0 0 0 0
Current Long-term Debt 0 0 168,554,000 0
Long-term Debt 3,997,447,000 4,008,723,000 3,907,111,000 3,646,789,000
Total Liabilities 4,296,760,000 4,222,302,000 4,325,072,000 3,889,571,000
Minority Interest 5,537,000 17,162,000 2,433,000 33,926,000
Common Stock 1,488,000 1,488,000 1,491,000 1,574,000
Retained Earnings -1,741,765,000 -1,742,998,000 -1,947,507,000 -1,894,054,000
Treasury Stock 0 0 0 0
Capital Surplus 3,498,629,000 3,495,295,000 3,515,641,000 3,888,312,000
Shareholder Equity 1,763,218,000 1,883,636,000 1,699,419,000 2,125,682,000

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Total Revenue 224,200,000 230,235,000 232,022,000 242,020,000
Cost of Revenue 167,763,000 175,949,000 166,732,000 177,268,000
Gross Profit 56,437,000 54,286,000 65,290,000 64,752,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 179,887,000 186,318,000 175,806,000 189,747,000
Operating Income 40,104,000 41,414,000 66,064,000 46,493,000
Income Expense Net (Other) 28,065,000 252,862,000 -56,633,000 -42,602,000
EBIT 40,104,000 41,414,000 66,064,000 46,493,000
Interest Income 39,541,000 41,409,000 57,441,000 45,031,000
Pretax Income 68,169,000 294,276,000 9,431,000 3,891,000
Income Tax -1,827,000 2,981,000 -409,000 -27,941,000
Minority Interest 5,537,000 17,162,000 2,433,000 33,926,000
Net Income 64,421,000 273,716,000 7,374,000 -2,908,000
Net Income Basic 59,234,000 271,568,000 5,226,000 -5,056,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Net Income 64,421,000 273,716,000 7,374,000 -2,908,000
Depreciation 0 93,565,000 91,347,000 96,406,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 0 125,794,000 -31,704,000 -34,641,000
Cash Flow 0 81,617,000 93,462,000 117,300,000
Capital Expenditures 0 -88,865,000 -95,058,000 -89,033,000
Investments 0 337,194,000 -25,233,000 621,365,000
Investing Activity (Other) 0 0 -1,508,000 0
Total Investing Cash Flows 0 249,751,000 -118,484,000 531,948,000
Dividends Paid 0 -69,553,000 -60,716,000 -61,797,000
Net Borrowings 109,940,000 -109,940,000 442,867,000 -616,167,000
Cash Flow Financing 109,940,000 -205,574,000 -6,682,000 -683,889,000
Financing Cash Flows (Other) 0 -5,399,000 -15,240,000 -5,925,000
Exchange Rate Effect 0 0 0 0

About Apartment Investment & Management Co. (Aimco)


Apartment Investment and Management Company (Aimco) is a self-administered and self-managed real estate investment trust (REIT). Aimco, through its subsidiaries, AIMCO-GP, Inc. and AIMCO-LP Trust, holds the ownership interests in the Aimco Operating Partnership. It operates through two segments: conventional real estate and affordable real estate. As of December 31, 2016, its real estate portfolio consisted of 189 apartment communities with 46,311 apartment homes.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
8 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.3
8 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 4.4
10 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 8.8
10 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.5
8 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 8.7
Rating Leverage Section Avg. Rating
3 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.1
3 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.9
7 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 8.0
9 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.3
4 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.2
8 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.0
Rating Asset & Revenue Section Avg. Rating
4 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.9
5 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.2
Rating Properties Section Avg. Rating
9 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 8.2
9 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.3
8 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.1
7.1 Overall REITRating™ Score 6.6

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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