Apartment Investment and Management (NYSE:AIV) - Share price, News & Analysis

AIV fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

AIV Stock Overview

Aimco is a Real Estate Investment Trust focused on property development, redevelopment, and various other value-creating investment strategies, targeting the U.S.

Risk Analysis

Has less than 1 year of cash runway

Apartment Investment and Management Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Apartment Investment and Management
Historical stock prices
Current Share Price	US$6.14
52 Week High	US$8.16
52 Week Low	US$5.22
Beta	0
1 Month Change	-9.04%
3 Month Change	-12.03%
1 Year Change	-12.29%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	32.90%

Shareholder Returns

	AIV	US REITs	US Market
7D	3.5%	3.0%	1.0%
1Y	-12.3%	-0.9%	-15.1%

Return vs Industry: AIV underperformed the US REITs industry which returned -1.3% over the past year.

Return vs Market: AIV matched the US Market which returned -13.2% over the past year.

Price Volatility

Is AIV's price volatile compared to industry and market?
AIV volatility
AIV Average Weekly Movement	5.0%
REITs Industry Average Movement	4.4%
Market Average Movement	7.8%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	2.9%

Stable Share Price: AIV is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: AIV's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2020	62	Wes Powell	https://www.aimco.com

Aimco is a Real Estate Investment Trust focused on property development, redevelopment, and various other value-creating investment strategies, targeting the U.S. multifamily market. Aimco’s mission is to make real estate investments where outcomes are enhanced through human capital and substantial value is created for investors, teammates, and the communities in which we operate. Aimco is traded on the New York Stock Exchange as AIV.

Apartment Investment and Management Fundamentals Summary

How do Apartment Investment and Management's earnings and revenue compare to its market cap?
AIV fundamental statistics
Market Cap	US$925.26m
Earnings (TTM)	-US$17.91m
Revenue (TTM)	US$181.00m

5.2x

P/S Ratio

-52.3x

P/E Ratio

Is AIV overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
AIV income statement (TTM)
Revenue	US$181.00m
Cost of Revenue	US$69.89m
Gross Profit	US$111.11m
Other Expenses	US$129.02m
Earnings	-US$17.91m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-0.12
Gross Margin	61.39%
Net Profit Margin	-9.90%
Debt/Equity Ratio	198.2%

How did AIV perform over the long term?

See historical performance and comparison

Valuation

Is Apartment Investment and Management undervalued compared to its fair value and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

1.84x

Price to Book (PB) ratio

Share Price vs. Fair Value

Below Fair Value: AIV ($6.14) is trading above our estimate of fair value ($2.17)

Significantly Below Fair Value: AIV is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: AIV is unprofitable, so we can't compare its Price-To-Earnings Ratio to the US REITs industry average.

PE vs Market: AIV is unprofitable, so we can't compare its Price-To-Earnings Ratio to the US market.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AIV's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: AIV is overvalued based on its Price-To-Book Ratio (1.8x) compared to the US REITs industry average (1.6x).

Future Growth

How is Apartment Investment and Management forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

8.7%

Forecasted Real Estate industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Apartment Investment and Management has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Apartment Investment and Management performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

37.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AIV is currently unprofitable.

Growing Profit Margin: AIV is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: AIV is unprofitable, but has reduced losses over the past 5 years at a rate of 37% per year.

Accelerating Growth: Unable to compare AIV's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AIV is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (69.5%).

Return on Equity

High ROE: AIV has a negative Return on Equity (-2.63%), as it is currently unprofitable.

Financial Health

How is Apartment Investment and Management's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: AIV's short term assets ($295.5M) exceed its short term liabilities ($123.8M).

Long Term Liabilities: AIV's short term assets ($295.5M) do not cover its long term liabilities ($1.9B).

Debt to Equity History and Analysis

Debt Level: AIV's net debt to equity ratio (173.4%) is considered high.

Reducing Debt: Insufficient data to determine if AIV's debt to equity ratio has reduced over the past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: AIV has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: AIV has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 106.5% each year.

Dividend

What is Apartment Investment and Management current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate AIV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AIV's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AIV's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AIV's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as AIV has not reported any payouts.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.4yrs

Average management tenure

CEO

Wes Powell (40 yo)

1.42yrs

Tenure

US$5,445,198

Compensation

Mr. Wesley William Powell, also known as Wes, serves as President, Chief Executive Officer and Director at Apartment Investment and Management Company since December 2020 and served as its Executive Vice P...

CEO Compensation Analysis

Compensation vs Market: Wes's total compensation ($USD5.45M) is above average for companies of similar size in the US market ($USD3.95M).

Compensation vs Earnings: Wes's compensation has increased whilst the company is unprofitable.

Leadership Team

Experienced Management: AIV's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.

Board Members

Experienced Board: AIV's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/25 00:00
End of Day Share Price	2022/05/25 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31