Apartment Investment and Management Company (AIV)

AIV Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Property Revenue	138.49	137.7	119.93	190.34	169.84
Revenue	138.49	137.7	119.93	190.34	169.84
Revenue Growth (YoY)	0.57%	14.82%	-37.00%	12.07%	12.14%
Property Expenses	68.36	68.08	51.66	71.79	67.61
Total Property Expenses	68.36	68.08	51.66	71.79	67.61
Gross Profit	70.13	69.62	68.27	118.55	102.22
Selling, General & Admin	34.03	32.84	32.87	39.67	33.15
Depreciation & Amortization Expenses	58.28	77.13	58.12	158.97	84.71
Other Operating Expenses	124.56	-	-	-	-
Operating Income	-146.73	-40.35	-22.71	-80.09	-15.64
Net Gains on Disposal of Properties	237.06	10.6	7.98	175.86	-
Interest Income	9.5	7.21	-146.1	-175.19	33.69
Interest Expense	-59.43	-59.36	-26.92	-73.84	-52.9
Other Non-Operating Income (Expense)	-10.45	-53.33	-5.84	262.68	16.31
Total Non-Operating Income (Expense)	176.68	-94.89	-170.88	189.51	-2.91
Pretax Income	-15.85	-135.23	-193.59	109.42	-18.55
Provision for Income Taxes	-57.6	-11.07	-12.75	17.26	-13.57
Net Income	554.01	-102.47	-166.2	75.73	-5.91
Minority Interest in Earnings	38.96	6.47	8.88	16.43	0.93
Earnings From Discontinued Operations	551.22	28.16	23.52	-	-
Net Income to Common	554.01	-102.47	-166.2	75.73	-5.91
Shares Outstanding (Basic)	138	138	144	149	149
Shares Outstanding (Diluted)	141	138	144	151	149
Shares Change (YoY)	1.85%	-3.57%	-4.78%	0.91%	0.61%
EPS (Basic)	3.95	-0.75	-1.16	0.50	-0.04
EPS (Diluted)	3.87	-0.75	-1.16	0.49	-0.04
Free Cash Flow	-91.53	-113.04	-226.14	-162.54	-234.82
Free Cash Flow Per Share	-0.65	-0.82	-1.57	-1.08	-1.57
Gross Margin	50.64%	50.56%	56.93%	62.28%	60.19%
Operating Margin	-105.95%	-29.30%	-18.94%	-42.08%	-9.21%
Profit Margin	428.18%	-69.72%	-131.18%	48.42%	-2.93%
FCF Margin	-66.09%	-82.09%	-188.57%	-85.39%	-138.27%
EBITDA	-83.67	46.01	46.12	78.88	69.07
EBITDA Margin	-60.42%	33.41%	38.46%	41.44%	40.67%
EBIT	-146.73	-40.35	-22.71	-80.09	-15.64
EBIT Margin	-105.95%	-29.30%	-18.94%	-42.08%	-9.21%
Effective Tax Rate	363.42%	8.19%	6.59%	15.78%	73.15%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q