📊 AIV Key Takeaways
Is Apartment Investment & Management Co (AIV) a Good Investment?
AIV faces critical financial distress with unsustainable debt burden—interest coverage of 0.6x means operating income cannot service debt obligations. The company burns cash operationally (-$39.3M OCF, -$46.5M FCF), indicating its core business cannot support current leverage structure (1.90x D/E), creating acute default or restructuring risk.
AIV's reported net income and EPS are strong on the surface, but the core earnings profile is weak: operating income is negative, operating margin is -11.4%, and free cash flow is barely positive. The sharp revenue increase appears low quality given the disconnect with cash generation and interest coverage, while leverage remains elevated and limits financial flexibility.
Apartment Investment & Management Co Key Strengths (AIV)
- Positive operating margin of 32.9% shows operational units generate profit before financing costs
- Substantial cash reserve of $216M provides near-term liquidity buffer
- Significant asset base of $1.4B retained, suggesting potential for restructuring or asset monetization
- Large cash balance of $394.89M provides near-term liquidity support
- Net income remains substantial at $547.16M, supporting reported ROE and ROA
- Revenue growth was exceptionally strong year over year, indicating significant portfolio or transaction activity
AIV Stock Risks: Apartment Investment & Management Co Investment Risks
- Interest coverage ratio of 0.6x is critically unsustainable—operating income covers only 60% of debt service, signaling acute financial distress
- Negative operating cash flow of -$39.3M reveals core business consumes rather than generates cash, making debt service impossible without asset sales or financing
- High leverage at 1.90x debt/equity combined with cash burn creates material restructuring or insolvency risk within 2-3 years at current run rate
- Negative operating income and -0.3x interest coverage indicate weak core earnings and debt service capacity
- Free cash flow of only $0.91M on $138.49M of revenue suggests poor cash conversion
- Debt-to-equity of 2.04x and $738.62M of long-term debt create balance-sheet risk if earnings normalize lower
Key Metrics to Watch
- Interest coverage ratio trajectory—must improve to 1.5x+ for any recovery credibility
- Operating cash flow—must turn positive to demonstrate business viability
- Cash position runway—monitor depletion rate relative to debt service obligations
- Debt restructuring announcements—likely necessary to avoid default
- Sustainable operating cash flow and free cash flow generation
- Interest coverage and leverage reduction through debt paydown or equity improvement
Apartment Investment & Management Co (AIV) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
AIV Profit Margin, ROE & Profitability Analysis
AIV vs Real Estate Sector: How Apartment Investment & Management Co Compares
How Apartment Investment & Management Co compares to Real Estate sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Apartment Investment & Management Co Stock Overvalued? AIV Valuation Analysis 2026
Based on fundamental analysis, Apartment Investment & Management Co shows some fundamental concerns relative to the Real Estate sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Apartment Investment & Management Co Balance Sheet: AIV Debt, Cash & Liquidity
AIV Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Apartment Investment & Management Co's revenue has grown significantly by 13% over the 5-year period, indicating strong business expansion. The most recent EPS of $3.87 reflects profitable operations.
AIV Revenue Growth, EPS Growth & YoY Performance
AIV Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $400.0K | -$7.7M | $-0.05 |
| Q3 2025 | $1.9M | -$21.9M | $-0.16 |
| Q2 2025 | $1.8M | -$19.3M | $-0.14 |
| Q1 2025 | $1.2M | -$10.2M | $-0.07 |
| Q3 2024 | $1.0M | -$2.3M | $-0.02 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Apartment Investment & Management Co Dividends, Buybacks & Capital Allocation
AIV SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Apartment Investment & Management Co (CIK: 0000922864)
📋 Recent SEC Filings
❓ Frequently Asked Questions about AIV
What is the AI rating for AIV?
Apartment Investment & Management Co (AIV) has a Combined AI Grade of C from Claude (D) and ChatGPT (C) with 89% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are AIV's key strengths?
Claude: Positive operating margin of 32.9% shows operational units generate profit before financing costs. Substantial cash reserve of $216M provides near-term liquidity buffer. ChatGPT: Large cash balance of $394.89M provides near-term liquidity support. Net income remains substantial at $547.16M, supporting reported ROE and ROA.
What are the risks of investing in AIV?
Claude: Interest coverage ratio of 0.6x is critically unsustainable—operating income covers only 60% of debt service, signaling acute financial distress. Negative operating cash flow of -$39.3M reveals core business consumes rather than generates cash, making debt service impossible without asset sales or financing. ChatGPT: Negative operating income and -0.3x interest coverage indicate weak core earnings and debt service capacity. Free cash flow of only $0.91M on $138.49M of revenue suggests poor cash conversion.
What is AIV's revenue and growth?
Apartment Investment & Management Co reported revenue of $6.2M.
Does AIV pay dividends?
Apartment Investment & Management Co pays dividends, with $1.0M distributed to shareholders in the trailing twelve months.
Where can I find AIV SEC filings?
Official SEC filings for Apartment Investment & Management Co (CIK: 0000922864) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is AIV's EPS?
Apartment Investment & Management Co has a diluted EPS of $-0.05.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is AIV's fundamental grade?
Based on our AI fundamental analysis in June 2026, Apartment Investment & Management Co has a C grade with 89% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is AIV stock overvalued or undervalued?
Valuation metrics for AIV: ROE of -2.0% (sector avg: 8%), net margin of -125.7% (sector avg: 20%). Compare these metrics with sector averages to assess valuation.
What is AIV's AI grade for 2026?
Our dual AI analysis gives Apartment Investment & Management Co a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is AIV's free cash flow?
Apartment Investment & Management Co's operating cash flow is $-39.3M, with capital expenditures of $7.2M. FCF margin is -755.5%.
How does AIV compare to other Real Estate stocks?
Vs Real Estate sector averages: Net margin -125.7% (avg: 20%), ROE -2.0% (avg: 8%), current ratio N/A (avg: 1.5).
Is Apartment Investment & Management Co carrying too much debt?
AIV has a debt-to-equity ratio of 1.90x, which is above the Real Estate sector average of 1.5x. Combined with a current ratio below 1, this warrants careful monitoring of the balance sheet.