Apartment Investment and Management Company (AIV) AI Stock Analysis

NYSE: AIVAI research summary: business, growth, valuation, analysts, bull and bear case.

AIV AI stock analysis summary

AI Research

Apartment Investment and Management Company (Aimco) is a residential REIT focused on US multifamily property development and redevelopment. In FY2025, revenue dropped 33.6% to $138.5M while net income reached $546.7M. The stock closed at $1.70, underperforming broader benchmarks with a 1-year return of -41.3%.

Market cap
$262.3M
Revenue (TTM)
$138.5M
P/E
8.9x
fwd 714.3x
1Y return
-41.3%
S&P 500 16.8%
Avg. target
$7.00
311.8% vs last close

Bull case

  • The stock trades at a price-to-book ratio of 0.6x and an EV/EBITDA multiple of 10.7x, well below the peer median of 14.7x.
  • Aimco generated net income of $546.7M and an EPS of $3.88 in FY2025.
  • Wall Street analysts project significant upside with a mean price target of $7.00, which is 311.8% above the last close of $1.70.

Bear case

  • Aimco generated negative free cash flow of -$91.5M in FY2025 and has posted negative free cash flow in each year from FY2021 through FY2025.
  • Trailing twelve-month operating margin stands at -84.6%, following a FY2025 revenue decline of 33.6%.
  • The stock has underperformed significantly over the long term, falling 41.3% over the past year compared to a 16.8% return for the S&P 500.

What Apartment Investment and Management does

Apartment Investment and Management Company (Aimco) operates as a Real Estate Investment Trust (REIT) focused on the multifamily housing sector in the United States. Founded in 1994 and traded on the NYSE, the company employs 50 people. Aimco concentrates on property development, redevelopment, and investment strategies intended to generate returns across its residential portfolio. Its operations center on disciplined property management, portfolio expansion initiatives, and enhancing operational efficiencies across its multifamily properties and communities.

Growth and profitability

Aimco's top-line performance has contracted, showing a 5-year revenue CAGR of -1.8% from FY2020 to FY2025. Annual revenue grew 11.6% to $208.7M in FY2024 before dropping 33.6% to $138.5M in FY2025. Operating margins stood at -0.7% in FY2024 and -21.1% in FY2025, while gross margin shifted from 56.4% to -33.5%. Despite operating losses, net income reached $546.7M in FY2025, representing a net margin of 394.8% and diluted EPS of $3.88. For the trailing twelve months ended June 30, 2026, revenue stood at $138.5M, operating margin was -84.6%, and latest quarter revenue declined 3.9% year-over-year.

AIV income statement →

Balance sheet and cash flow

As of June 30, 2026, Aimco held $78.7M in cash and short-term investments against total debt of $440.9M, resulting in net debt of $362.2M. Shareholders' equity was $514.6M, supporting a debt-to-equity ratio of 0.86 and total assets of $1.24B. The company recorded a current ratio of 0.42. During FY2025, operating cash flow generated $8.1M, while capital expenditures totaled $99.6M, resulting in free cash flow of -$91.5M. Capital allocation in FY2025 included $415.6M in dividends paid and $904,000 spent on share buybacks.

AIV balance sheet →

Valuation and performance

AIV trades at a trailing price-to-earnings multiple of 8.9x, below the 21.6x median of its US-listed Real Estate peers. However, its forward P/E multiple is 714.3x compared to the peer median of 23.5x. Aimco's price-to-sales ratio of 1.9x and EV/EBITDA of 10.7x also track below the peer group medians of 3.7x and 14.7x, respectively. The company carries a price-to-book ratio of 0.6x. Over the past year, AIV shares dropped 41.3%, lagging behind the 16.8% gain generated by the S&P 500 benchmark.

AIV key metrics →

What analysts expect

Wall Street analysts have established a mean price target of $7.00 for AIV, representing an upside of 311.8% from the October 16, 2026 closing price of $1.70. Analysts project current fiscal year revenue of $0 for the period ending December 31, 2026. In terms of earnings execution, the company has beaten consensus EPS estimates in 3 of the last 4 quarters. The next earnings announcement date is scheduled for November 9, 2026.

AIV forecast and price target →

Key risks and what to watch

  • Liquidity may face pressure as indicated by a current ratio of 0.42 alongside net debt of $362.2M as of June 30, 2026.
  • The forward price-to-earnings ratio stands elevated at 714.3x, reflecting sharp expected earnings contraction relative to the trailing P/E of 8.9x.
  • Quarterly earnings fell 63.2% year-over-year in the latest quarter ending June 30, 2026, alongside a 3.9% revenue decline.
  • Share price volatility is heightened, characterized by a beta of 1.26 and a trading level 38.5% below its 200-day average.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this AIV AI stock analysis

This page is an AI-written research summary of Apartment Investment and Management Company (AIV). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: AIV income statement, AIV balance sheet, AIV key metrics, AIV analyst forecast, AIV chart. See the AIV stock overview for the latest quote and news.

AIV AI stock analysis FAQ

What is Aimco's current valuation compared to its industry peers?

AIV trades at a trailing P/E of 8.9x and EV/EBITDA of 10.7x, both below the US-listed Real Estate peer medians of 21.6x and 14.7x, although its forward P/E is 714.3x.

How did Aimco perform financially in FY2025?

In FY2025, Aimco generated $138.5M in revenue, down 33.6%, but recorded net income of $546.7M and diluted EPS of $3.88.

What does Aimco's debt and liquidity position look like?

As of June 30, 2026, Aimco had $78.7M in cash and short-term investments against $440.9M in total debt, with a debt-to-equity ratio of 0.86 and a current ratio of 0.42.

What is the consensus analyst target price for AIV?

Analysts have an average price target of $7.00, which represents a 311.8% premium over its October 16, 2026 closing price of $1.70.

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