Aimco is a real estate investment trust focused on the ownership and management of quality apartment communities located in select markets in the United States.
Established dividend payer and fair value.
Share Price & News
How has Apartment Investment and Management's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AIV has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: AIV underperformed the US REITs industry which returned 16.6% over the past year.
Return vs Market: AIV underperformed the US Market which returned 19.4% over the past year.
Price Volatility Vs. Market
How volatile is Apartment Investment and Management's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StShould You Be Impressed By Apartment Investment and Management Company's (NYSE:AIV) ROE?
1 month ago | Simply Wall StHave Insiders Sold Apartment Investment and Management Company (NYSE:AIV) Shares Recently?
1 month ago | Simply Wall StIs Apartment Investment and Management Company (NYSE:AIV) Excessively Paying Its CEO?
Is Apartment Investment and Management undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AIV ($54.87) is trading below our estimate of fair value ($61.1)
Significantly Below Fair Value: AIV is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: AIV is good value based on its PE Ratio (17.4x) compared to the REITs industry average (36.6x).
PE vs Market: AIV is good value based on its PE Ratio (17.4x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: AIV's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: AIV is overvalued based on its PB Ratio (4.6x) compared to the US REITs industry average (2.1x).
How is Apartment Investment and Management forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AIV's earnings are forecast to decline over the next 3 years (-24.1% per year).
Earnings vs Market: AIV's earnings are forecast to decline over the next 3 years (-24.1% per year).
High Growth Earnings: AIV's earnings are forecast to decline over the next 3 years.
Revenue vs Market: AIV's revenue (1.8% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: AIV's revenue (1.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AIV's Return on Equity is forecast to be high in 3 years time (32.5%)
How has Apartment Investment and Management performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AIV has a large one-off gain of $503.2M impacting its December 31 2019 financial results.
Growing Profit Margin: AIV's current net profit margins (50.9%) are lower than last year (68%).
Past Earnings Growth Analysis
Earnings Trend: AIV's earnings have grown significantly by 21.7% per year over the past 5 years.
Accelerating Growth: AIV's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: AIV had negative earnings growth (-29%) over the past year, making it difficult to compare to the REITs industry average (8.2%).
Return on Equity
High ROE: Whilst AIV's Return on Equity (25.89%) is high, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
How is Apartment Investment and Management's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: AIV has a high level of physical assets or inventory.
Debt Coverage by Assets: AIV's debt is not covered by short term assets (assets are 0x debt).
Financial Institutions Analysis
Asset Level: AIV's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if AIV has a sufficient allowance for bad loans.
Low Risk Liabilities: AIV reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if AIV has an acceptable proportion of non-loan assets held.
Low Risk Deposits: AIV has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if AIV has an appropriate level of bad loans.
What is Apartment Investment and Management's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: AIV's dividend (2.99%) is higher than the bottom 25% of dividend payers in the US market (1.43%).
High Dividend: AIV's dividend (2.99%) is low compared to the top 25% of dividend payers in the US market (3.7%).
Stability and Growth of Payments
Stable Dividend: AIV's dividends per share have been stable in the past 10 years.
Growing Dividend: AIV's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (51.4%), AIV's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AIV's dividends in 3 years are forecast to be thoroughly covered by earnings (0.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Terry Considine (71yo)
Mr. Terry Considine, J.D., serves as the Chairman of the Board and Chief Executive Officer at Apartment Investment and Management Company. Mr. Considine has been at Apartment Investment and Management Com ...
CEO Compensation Analysis
Compensation vs Market: Terry's total compensation ($USD6.77M) is about average for companies of similar size in the US market ($USD6.27M).
Compensation vs Earnings: Terry's compensation has been consistent with company performance over the past year.
|Chairman & CEO||25.6yrs||US$6.77m||0.26% $22.3m|
|Executive VP & CFO||4.4yrs||US$1.77m||0.047% $4.1m|
|Executive VP & Chief Investment Officer||6.5yrs||US$2.38m||0.056% $4.9m|
|Executive VP||12.2yrs||US$2.17m||0.063% $5.5m|
|Executive Vice President of Property Operations||9.1yrs||US$1.63m||0.028% $2.5m|
|Executive VP & Chief Administrative Officer||12.2yrs||US$947.55k||0.097% $8.4m|
|Vice President of Investor Relations/FP&A||1.9yrs||no data||no data|
|Senior Vice President of Government Relations & Communications||17.3yrs||no data||no data|
|Senior Vice President of Human Resources||10.5yrs||no data||no data|
|Executive Vice President of Financial Planning & Analysis and Capital Allocation||9.6yrs||no data||0.014% $1.2m|
Experienced Management: AIV's management team is seasoned and experienced (10 years average tenure).
|Chairman & CEO||25.6yrs||US$6.77m||0.26% $22.3m|
|Independent Director||12.8yrs||US$221.04k||0.030% $2.6m|
|Independent Director||15.3yrs||US$221.04k||0.032% $2.8m|
|Lead Independent Director||0yrs||US$221.04k||0.041% $3.6m|
|Independent Director||9.8yrs||US$221.04k||0.030% $2.6m|
|Independent Director||12.8yrs||US$221.04k||0.057% $4.9m|
|Independent Director||3.9yrs||US$221.04k||0.011% $935.9k|
|Independent Director||1.8yrs||US$166.09k||0.0061% $526.1k|
Experienced Board: AIV's board of directors are seasoned and experienced ( 12.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: AIV insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Apartment Investment and Management Company's company bio, employee growth, exchange listings and data sources
- Name: Apartment Investment and Management Company
- Ticker: AIV
- Exchange: NYSE
- Founded: 1994
- Industry: Residential REITs
- Sector: Real Estate
- Implied Market Cap: US$8.682b
- Market Cap: US$8.159b
- Shares outstanding: 158.43m
- Website: https://www.aimco.com
Number of Employees
- Apartment Investment and Management Company
- 4582 South Ulster Street
- Suite 1100
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AIV||NYSE (New York Stock Exchange)||Yes||Class A Common Stock||US||USD||Jul 1994|
|AIV1||DB (Deutsche Boerse AG)||Yes||Class A Common Stock||DE||EUR||Jul 1994|
|A1IV34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH 1 REPR 1 COM||BR||BRL||Jan 2020|
Aimco is a real estate investment trust focused on the ownership and management of quality apartment communities located in select markets in the United States. Aimco is one of the country’s largest owners and operators of apartments, with ownership interests in 124 apartment communities in 17 states and the District of Columbia. Aimco common shares are traded on the New York Stock Exchange under the ticker symbol AIV and are included in the S&P 500.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/18 23:43|
|End of Day Share Price||2020/02/18 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.