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APARTMENT INVT & MGMT CO -A (AIV) Stock Fundamental Analysis

NYSE:AIV - New York Stock Exchange, Inc. - US03748R7474 - REIT - Currency: USD

8.79  -0.08 (-0.9%)

After market: 8.79 0 (0%)

Fundamental Rating

1

Overall AIV gets a fundamental rating of 1 out of 10. We evaluated AIV against 20 industry peers in the Residential REITs industry. Both the profitability and financial health of AIV have multiple concerns. AIV has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

AIV had negative earnings in the past year.
AIV had a positive operating cash flow in the past year.
AIV had negative earnings in 4 of the past 5 years.
Each year in the past 5 years AIV had a positive operating cash flow.
AIV Yearly Net Income VS EBIT VS OCF VS FCFAIV Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M 600M

1.2 Ratios

AIV has a worse Return On Assets (-5.24%) than 95.00% of its industry peers.
Looking at the Return On Equity, with a value of -83.34%, AIV is doing worse than 90.00% of the companies in the same industry.
Industry RankSector Rank
ROA -5.24%
ROE -83.34%
ROIC N/A
ROA(3y)-3.26%
ROA(5y)-2.06%
ROE(3y)-39.08%
ROE(5y)-23.89%
ROIC(3y)N/A
ROIC(5y)N/A
AIV Yearly ROA, ROE, ROICAIV Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 -40 -60 -80

1.3 Margins

AIV has a Gross Margin of 56.40%. This is in the lower half of the industry: AIV underperforms 65.00% of its industry peers.
In the last couple of years the Gross Margin of AIV has declined.
AIV does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 56.4%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.14%
GM growth 5Y-3.08%
AIV Yearly Profit, Operating, Gross MarginsAIV Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50

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2

2. Health

2.1 Basic Checks

AIV does not have a ROIC to compare to the WACC, probably because it is not profitable.
AIV has less shares outstanding than it did 1 year ago.
AIV has less shares outstanding than it did 5 years ago.
AIV has a worse debt/assets ratio than last year.
AIV Yearly Shares OutstandingAIV Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
AIV Yearly Total Debt VS Total AssetsAIV Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

AIV has an Altman-Z score of 0.26. This is a bad value and indicates that AIV is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.26, AIV is doing worse than 80.00% of the companies in the same industry.
AIV has a Debt/Equity ratio of 9.70. This is a high value indicating a heavy dependency on external financing.
AIV has a worse Debt to Equity ratio (9.70) than 90.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 9.7
Debt/FCF N/A
Altman-Z 0.26
ROIC/WACCN/A
WACC6.45%
AIV Yearly LT Debt VS Equity VS FCFAIV Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B 4B

2.3 Liquidity

A Current Ratio of 0.86 indicates that AIV may have some problems paying its short term obligations.
With a decent Current ratio value of 0.86, AIV is doing good in the industry, outperforming 75.00% of the companies in the same industry.
AIV has a Quick Ratio of 0.86. This is a bad value and indicates that AIV is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.86, AIV is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.86
Quick Ratio 0.86
AIV Yearly Current Assets VS Current LiabilitesAIV Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

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1

3. Growth

3.1 Past

The earnings per share for AIV have decreased strongly by -101.22% in the last year.
Looking at the last year, AIV shows a quite strong growth in Revenue. The Revenue has grown by 11.56% in the last year.
Measured over the past years, AIV shows a very negative growth in Revenue. The Revenue has been decreasing by -31.18% on average per year.
EPS 1Y (TTM)-101.22%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%93.31%
Revenue 1Y (TTM)11.56%
Revenue growth 3Y-46.79%
Revenue growth 5Y-31.18%
Sales Q2Q%9.76%

3.2 Future

AIV is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -63.32% yearly.
AIV is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -24.00% yearly.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3Y-60.47%
EPS Next 5Y-63.32%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3Y-40.27%
Revenue Next 5Y-24%

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
AIV Yearly Revenue VS EstimatesAIV Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
AIV Yearly EPS VS EstimatesAIV Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1 2 3 4

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4. Valuation

4.1 Price/Earnings Ratio

AIV reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
AIV Price Earnings VS Forward Price EarningsAIV Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0 0 0 0 0 0 0

4.2 Price Multiples

85.00% of the companies in the same industry are cheaper than AIV, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 26.51
AIV Per share dataAIV EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 -0.5 1 1.5

4.3 Compensation for Growth

AIV's earnings are expected to decrease with -60.47% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3Y-60.47%

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5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 6.83%, AIV is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.12, AIV pays a better dividend. On top of this AIV pays more dividend than 95.00% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.33, AIV pays a better dividend.
Industry RankSector Rank
Dividend Yield 6.83%

5.2 History

AIV has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
AIV Yearly Dividends per shareAIV Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2022 2025 1 2 3

5.3 Sustainability

DP0%
EPS Next 2YN/A
EPS Next 3Y-60.47%
AIV Yearly Income VS Free CF VS DividendAIV Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M 600M

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APARTMENT INVT & MGMT CO -A

NYSE:AIV (3/7/2025, 8:04:22 PM)

After market: 8.79 0 (0%)

8.79

-0.08 (-0.9%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)02-24 2025-02-24/amc
Earnings (Next)05-06 2025-05-06
Inst Owners89.64%
Inst Owner Change1.83%
Ins Owners3.06%
Ins Owner Change10.25%
Market Cap1.20B
Analysts45
Price Target11.73 (33.45%)
Short Float %4.22%
Short Ratio4.56
Dividend
Industry RankSector Rank
Dividend Yield 6.83%
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-Date01-14 2025-01-14 (0.6)
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)0.53%
Min Revenue beat(2)0.06%
Max Revenue beat(2)1.01%
Revenue beat(4)2
Avg Revenue beat(4)-0.05%
Min Revenue beat(4)-1.09%
Max Revenue beat(4)1.01%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 5.74
P/FCF N/A
P/OCF 25.51
P/B 9.75
P/tB 10.92
EV/EBITDA 26.51
EPS(TTM)-0.04
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)-0.83
FCFYN/A
OCF(TTM)0.34
OCFY3.92%
SpS1.53
BVpS0.9
TBVpS0.81
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -5.24%
ROE -83.34%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 56.4%
FCFM N/A
ROA(3y)-3.26%
ROA(5y)-2.06%
ROE(3y)-39.08%
ROE(5y)-23.89%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.14%
GM growth 5Y-3.08%
F-Score5
Asset Turnover0.11
Health
Industry RankSector Rank
Debt/Equity 9.7
Debt/FCF N/A
Debt/EBITDA 14.05
Cap/Depr 185.3%
Cap/Sales 76.69%
Interest Coverage N/A
Cash Conversion 55.37%
Profit Quality N/A
Current Ratio 0.86
Quick Ratio 0.86
Altman-Z 0.26
F-Score5
WACC6.45%
ROIC/WACCN/A
Cap/Depr(3y)272.61%
Cap/Depr(5y)255.78%
Cap/Sales(3y)139.12%
Cap/Sales(5y)130.01%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-101.22%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%93.31%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3Y-60.47%
EPS Next 5Y-63.32%
Revenue 1Y (TTM)11.56%
Revenue growth 3Y-46.79%
Revenue growth 5Y-31.18%
Sales Q2Q%9.76%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3Y-40.27%
Revenue Next 5Y-24%
EBIT growth 1Y-112.95%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year5765.48%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y50.01%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-6.9%
OCF growth 3Y55.07%
OCF growth 5Y-33.98%