APARTMENT INVESTMENT & MANAGEMENT CO
Business
Apartment Investment & Management Co (Aimco) is a self-administered, self-managed REIT that owns and operates multifamily apartment communities through its wholly-owned operating partnership. The company owns residential properties across targeted U.S. markets and leases apartment homes to residents. In November 2025, Aimco's board approved and stockholders subsequently adopted a plan of sale and liquidation to dispose of all assets and return proceeds to shareholders.
Summary from 10-K filed 2026-03-02
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Rental and other property revenues | 138 | 138 | 120 | 190 | 170 | |
| Property operating expenses | 68 | 68 | 52 | 72 | 68 | |
| Depreciation and amortization | 58 | 77 | 58 | 159 | 85 | |
| General and administrative expenses | 34 | 33 | 33 | 40 | 33 | |
| Impairment on real estate | 147 | — | — | — | — | |
| Total operating expenses | 308 | 178 | 143 | 270 | 185 | |
| Interest income | 9 | 10 | 10 | 4 | 2 | |
| Interest expense | −59 | −59 | −27 | −74 | −53 | |
| Realized and unrealized gains (losses) on interest rate contracts | −471,000 | 2 | 1 | 48 | — | |
| Realized and unrealized gains (losses) on equity investments | −6 | −50 | 700,000 | 20 | 7 | |
| Gain on dispositions of real estate | 237 | 11 | 8 | 176 | — | |
| Credit loss expense | −23 | — | — | — | — | |
| Other income (expense), net | −4 | −6 | −8 | −13 | 3 | |
| Income (loss) from continuing operations before income tax | −16 | −135 | −194 | 109 | −19 | |
| Income tax benefit (expense) | 58 | 11 | 13 | −17 | 14 | |
| Net income (loss) from continuing operations | 42 | −124 | −181 | — | — | |
| Income (loss) from discontinued operations, net of taxes | 551 | 28 | 24 | — | — | |
| Net income (loss) | 593 | −96 | −157 | 92 | −5 | |
| Net (income) loss attributable to redeemable noncontrolling interests in consolidated real estate partnerships | −13 | −14 | −14 | −9 | −91,000 | |
| Net (income) loss attributable to Common noncontrolling interests in consolidated real estate partnerships | −781,000 | 2 | −4 | −4 | −1 | |
| Net (income) loss attributable to common noncontrolling interests in Aimco Operating Partnership | −25 | 6 | 9 | −4 | 297,000 | |
| Net income (loss) attributable to Aimco | 554 | −102 | −166 | 76 | −6 | |
| Income (loss) from continuing operations attributable to Aimco per common share/unit - basic | 0.2 | −0.94 | −1.32 | — | — | |
| Income (loss) from discontinued operations attributable to Aimco Operating Partnership per common share/unit | 3.75 | 0.19 | 0.16 | — | — | |
| Net income (loss) attributable to Aimco Operating Partnership per common share/unit - basic (Note 10) | 3.95 | −0.75 | −1.16 | 0.5 | −0.04 | |
| Income (loss) from continuing operations attributable to Aimco per common share/unit | 0.19 | −0.94 | −1.32 | — | — | |
| Income (loss) from discontinued operations attributable to Aimco Operating Partnership per common share/unit | 3.68 | 0.19 | 0.16 | — | — | |
| Net income (loss) attributable to Aimco per common share - diluted (Note 10) | 3.87 | −0.75 | −1.16 | 3.87 | −0.04 | |
| Weighted-average common shares/units outstanding - basic | 138 | 138 | 144 | 138 | 149 | |
| Weighted-average common shares/units outstanding - diluted | 141 | 138 | 144 | 141 | 149 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2025 2025-10-31 | FY 2025 2025-05-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|---|---|
| Buildings and improvements | 1,015 | — | — | 1,145 | 1,594 | |
| Land | 222 | — | — | 247 | 621 | |
| Total real estate | 1,237 | — | — | 1,392 | 2,215 | |
| Accumulated depreciation | −287 | — | — | −323 | −581 | |
| Net real estate | 950 | — | — | 1,070 | 1,634 | |
| Cash and cash equivalents | 395 | — | — | 141 | 123 | |
| Restricted cash | 12 | — | — | 30 | 15 | |
| Notes receivable | 104 | — | — | 59 | 58 | |
| Right-of-use lease assets- finance leases | 106 | — | — | 108 | 109 | |
| Other assets, net | 82 | — | — | 93 | 150 | |
| Assets from discontinued operations and held for sale, net | 27 | — | — | 457 | — | |
| Total assets | 1,676 | — | — | 1,957 | 2,089 | |
| Non-recourse property debt, net | 339 | — | — | 444 | 846 | |
| Non-recourse construction loans and bridge financing, net | 399 | — | — | 385 | 301 | |
| Total indebtedness | 739 | — | — | 830 | 1,148 | |
| Deferred tax liabilities | 0 | — | — | 101 | 110 | |
| Lease liabilities - finance leases | 125 | — | — | 122 | 119 | |
| Dividends payable | 4 | — | — | 89 | — | |
| Accrued liabilities and other | 147 | — | — | 96 | 121 | |
| Liabilities related to discontinued operations and assets held for sale, net | 108 | — | — | 407 | — | |
| Total liabilities | 1,123 | — | — | 1,645 | 1,498 | |
| Redeemable noncontrolling interests in consolidated real estate partnerships | 158 | 19 | 5 | 143 | 172 | |
| Commitments and contingencies (Note 13) | — | — | — | — | — | |
| Common Stock, $0.01 par value, 140,158,784 and 136,351,966 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | 1 | — | — | 1 | 1 | |
| Additional paid-in capital | 429 | 8 | 300,000 | 425 | 465 | |
| Retained earnings (deficit) | −69 | — | — | −303 | −116 | |
| Total Aimco equity | 362 | — | — | 123 | 350 | |
| Noncontrolling interests in consolidated real estate partnerships | 20 | — | — | 40 | 51 | |
| Common noncontrolling interests in Aimco Operating Partnership | 13 | — | — | 7 | 19 | |
| Total equity | 395 | — | — | 169 | 420 | |
| Total liabilities and equity | 1,676 | — | — | 1,957 | 2,089 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Share-based compensation | 6 | 6 | 9 | 7 | 5 | |
| Loss on extinguishment of debt, net | 2 | 947,000 | 938,000 | 29 | — | |
| Gain on dispositions of real estate | −237 | −11 | −8 | −176 | — | |
| Other, including amortization of debt issuance costs | 6 | 20 | 2 | 3 | 1 | |
| Depreciation and amortization | 5 | 9 | 11 | — | — | |
| Income tax (benefit) expense | 14 | — | — | — | — | |
| Gain on dispositions of real estate | −546 | — | — | — | — | |
| Other adjustments to income (loss) from discontinued operations | 2 | 127,000 | 123,000 | — | — | |
| Operating assets, net | −2 | −13 | 335,000 | 1 | — | |
| Operating liabilities, net | −8 | 12 | −6 | −28 | — | |
| Total adjustments | −585 | 143 | 208 | 112 | 18 | |
| Net cash provided by operating activities | 8 | 47 | 50 | 204 | 13 | |
| Purchases of real estate | — | — | −4 | −129 | −70 | |
| Capital expenditures | −100 | −160 | −272 | −238 | −178 | |
| Proceeds from dispositions of real estate | 973 | 186 | 9 | 260 | — | |
| Distributions received from unconsolidated real estate partnerships | — | — | 4 | — | — | |
| Investment in unconsolidated real estate partnerships | — | −383,000 | −4 | −16 | — | |
| Proceeds from dispositions of unconsolidated real estate partnerships | — | 6 | — | — | — | |
| Purchase of treasury bill | — | — | −54 | — | — | |
| Proceeds from treasury bill | — | — | 55 | — | — | |
| Other investing activities | 1 | −958,000 | 6 | −547,000 | −727,000 | |
| Net cash provided by (used in) investing activities | 875 | 31 | −260 | −121 | −271 | |
| Proceeds from non-recourse construction loans and bridge financing | 48 | 331 | 174 | — | — | |
| Proceeds from revolving credit facility | 44 | — | — | — | — | |
| Proceeds from sale of participation in Mezzanine Investment | — | — | 38 | — | — | |
| Principal repayments on non-recourse property debt | −228 | −3 | −86 | −302 | −24 | |
| Principal repayments on non-recourse construction loans and bridge financing | −42 | −267 | — | — | — | |
| Principal repayments on revolving credit facility | −44 | — | — | −534 | — | |
| Payments of deferred loan costs | −473,000 | −6 | −229,000 | −15 | −6 | |
| Purchase of interest rate contracts | −666,000 | −710,000 | −712,000 | −6 | −6 | |
| Proceeds from interest rate contracts | 2 | 7 | 59 | 17 | — | |
| Payments on finance leases | −75,000 | −514,000 | −3 | −26 | −11 | |
| Common stock repurchased | −256,000 | −39 | −47 | −23 | — | |
| Payments related to withholding taxes for share-based compensation | −4 | −941,000 | — | — | — | |
| Dividends paid on common stock and distributions paid on OP Units | −416 | — | — | −3 | — | |
| Redemption of redeemable noncontrolling interests | — | −38 | — | −5 | — | |
| Distributions to redeemable noncontrolling interests | −8 | −8 | −9 | −9 | — | |
| Contributions from noncontrolling interests in consolidated real estate partnerships | 585,000 | 1 | 272,000 | 11 | 212,000 | |
| Distributions to noncontrolling interests in consolidated real estate partnerships | −1 | −2 | −1 | −1 | −1 | |
| Contributions from redeemable noncontrolling interests | 16 | 6 | 125,000 | 123 | 29 | |
| Redemption of OP Units held by third parties | −648,000 | −983,000 | −1 | −225,000 | — | |
| Purchase of redeemable noncontrolling interests in consolidated real estate partnerships | −5 | — | — | — | — | |
| Purchase of noncontrolling interests in consolidated real estate partnerships | −8 | −19 | — | — | — | |
| Other financing activities | −992,000 | −2 | −4 | −197,000 | −1 | |
| Net cash provided by (used in) financing activities | −649 | −44 | 119 | −98 | 205 | |
| NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH | 234 | 34 | −90 | −15 | −54 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is APARTMENT INVESTMENT & MANAGEMENT CO's CIK number?
APARTMENT INVESTMENT & MANAGEMENT CO's SEC CIK number is 0000922864 (922864). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find APARTMENT INVESTMENT & MANAGEMENT CO's SEC filings?
All of APARTMENT INVESTMENT & MANAGEMENT CO's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did APARTMENT INVESTMENT & MANAGEMENT CO last report earnings?
APARTMENT INVESTMENT & MANAGEMENT CO (AIV) most recently filed an earnings 8-K with the SEC on Mar 2, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-085511). This is APARTMENT INVESTMENT & MANAGEMENT CO's most recent earnings filing of record — not a forecast of its next earnings date.
What is APARTMENT INVESTMENT & MANAGEMENT CO's most recent earnings 8-K?
APARTMENT INVESTMENT & MANAGEMENT CO's latest earnings 8-K (Item 2.02) was filed Mar 2, 2026 under accession 0001193125-26-085511. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View APARTMENT INVESTMENT & MANAGEMENT CO's latest earnings 8-K →
Look up any company's CIK number →