AIV APARTMENT INVESTMENT & MANAGEMENT CO

Overview and Growth

Fiscal 2025 results for APARTMENT INVESTMENT & MANAGEMENT CO combined $138.49M of revenue with net income of $547.16M and an operating cash inflow of $8.09M. The $138.49M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Compared with $137.70M in fiscal 2024, revenue recorded a 0.6% year-over-year increase. On a per-share basis, diluted EPS was $3.87, which connects the reported earnings outcome with the company’s diluted share count. A diluted share base of 141.06M links the aggregate earnings figure to diluted EPS and helps frame the per-share comparison. Compared with 138.50M diluted shares in fiscal 2024, the current 141.06M base was 1.8% higher. Total assets stood at $1.68B, showing the scale of resources supporting revenue, earnings, liquidity, and financing. The revenue-to-assets relationship was 0.08x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

Net income came to $547.16M, completing the progression from revenue through gross and operating profitability to the final reported result. Net margin was 395.1%, meaning that this portion of revenue remained as net income after all recognized expenses. The pretax result was a loss of $15.85M, establishing the deficit before tax effects. The pretax loss equaled 11.4% of revenue, measuring the pre-tax deficit against sales. The company recognized an income-tax benefit of $57.59M, increasing after-tax earnings relative to the pretax result. Net income equaled 138.7% of period-end equity, showing the earnings generated on shareholders’ book capital. The net-income-to-assets relationship measured 32.7%, showing earnings relative to the full balance sheet. Net income of $547.16M replaced the $103.99M loss reported in fiscal 2024.

Liquidity and Capital Structure

Cash and equivalents totaled $394.89M, identifying the most liquid reported component available within the broader current-asset balance. Borrowings totaled $738.62M, adding a fixed financing obligation alongside the company’s equity capital. Debt equaled 1.87x of book equity, describing the relative scale of borrowing and shareholder capital. Debt represented 44.1% of total assets, placing borrowing in the context of the company’s full resource base. Book equity represented 23.5% of total assets, quantifying the balance-sheet share supported by shareholder capital. Relative to total assets, liabilities measured 67.0%, complementing the separate equity-based view of the company’s capital structure. Measured against total assets, cash and equivalents represented 23.6%, a balance-sheet composition measure rather than a liquidity forecast. Total assets were 14.4% lower than fiscal 2024 assets of $1.96B, measuring the company’s own balance-sheet change. Against $169.37M of equity in fiscal 2024, the current book-equity balance moved 133.0% and ended higher. Cash and equivalents were 179.9% higher than fiscal 2024 cash of $141.07M, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

The company reported $8.09M of operating cash flow, a cash inflow that shows the cash generated by operations. The operating-cash-flow-to-net-income relationship was 0.01x, comparing cash generated by operations with the bottom-line earnings result. The operating cash outcome moved from $46.98M in fiscal 2024 to $8.09M, ending below the prior-year level.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.