Profile
Sector:
Real EstateIndustry:
ResidentialCountry:
United StatesIPO:
22 July 1994Website:
http://www.aimco.comNext earnings report:
21 February 2025Last dividends:
13 September 2022Next dividends:
N/APrice
regular market | 4 min agoAnalysts recommendations
Institutional Ownership
AIV Latest News
DENVER , Nov. 7, 2024 /PRNewswire/ -- Apartment Investment and Management Company ("Aimco") (NYSE: AIV) announced today third quarter results for 2024, updated 2024 guidance, and provided highlights on recent and planned activities. Financial Results and Highlights Aimco's net loss attributable to common stockholders per share, on a fully dilutive basis, was $(0.16) for the quarter ended September 30, 2024, as higher net contributions from multifamily property operations were offset by increases in interest expense and depreciation related to advancing and completing development projects.
DENVER , Oct. 9, 2024 /PRNewswire/ -- Apartment Investment and Management Company ("Aimco") (NYSE: AIV) announced today that it is under agreement to sell, for $204 million, its interests in two real estate investments in the Edgewater neighborhood of Miami, Florida. The two investments include the recently completed redevelopment of a 276-unit waterfront apartment building, known as The Hamilton, and Aimco's partnership interest in a 2.8-acre development site at 3333 Biscayne Boulevard.
DENVER , Aug. 7, 2024 /PRNewswire/ -- Apartment Investment and Management Company ("Aimco") (NYSE: AIV) announced today second quarter results for 2024, updated guidance, and provided highlights on recent and planned activities. Financial Results and Highlights Aimco's net loss attributable to common stockholders per share, on a fully dilutive basis, was $(0.43) for the quarter ended June 30, 2024, due primarily to a non-cash impairment charge related to its passive equity investment in IQHQ.
DENVER , July 25, 2024 /PRNewswire/ -- Apartment Investment and Management Company ("Aimco") (NYSE: AIV) announced today that it plans to report 2024 second quarter results on Wednesday, August 7, 2024, after the market closes. The Company's earnings release will be available in the Investor Relations section of its website at investors.aimco.com.
Apartment REITs have beaten 1Q24 earnings despite a massive new supply wave hitting the sector in 2024 and early 2025. Demand drivers such as strong employment, low savings rate, high cost of houses, and high cost of construction have kept occupancy high despite the supply. Supply growth is dropping in mid-to-late 2025, making investments in the apartment sector appealing for long-term growth potential.
Apartment Investment and Management Company has and continues to grow a premier multifamily rental property portfolio in growing markets throughout the U.S. AIV's robust development pipeline will enable the Company to grow revenues and NOI much faster than its peers in the industry. We initiate with a Buy rating and an $11.20 price target.
Apartment REITs have been the fifth-best performing sector this year, outperforming the Dow but lagging behind S&P indexes. Oversupply concerns in the apartment market have been overblown, with strong job growth indicating that demand is outstripping supply. Apartment Investment and Management Company is a small-cap REIT focused on value-add and opportunistic apartment acquisitions, with plans for future development projects in Southeast Florida.
The Brightline inter-city rail route in South Florida has led to increased property prices and rental rates near its stations. Apartment Investment and Management Company (Aimco) has the highest exposure to the Miami market, with over 6,000 units in Miami and Fort Lauderdale. Aimco is a buy due to its focus on markets and demographics where it can create value, with its South Florida development expected to create rising NOI and realized capital appreciation.
Real Estate Investment Trusts (REITs) own, operate, and finance real estate properties such as healthcare facilities, apartment complexes, hotels, and offices. One of the most important factors to consider when assessing REITs is their dividend ratio.
Activist investor Land & Buildings is pushing for a sale of US multifamily REIT Apartment Investment and Management Company. Several recent positive developments, including the activist nominee's appointment to the board, suggest a company sale might be in the cards.
What type of business is Apartment Investment and Management?
Apartment Investment & Management Company (Aimco) is a real estate investment trust (REIT) specializing in investments in residential properties. Typically, these are large multi-family residential complexes where apartments are leased under long-term contracts. The company is involved in servicing and managing these complexes, with all properties owned by the company, and its main source of income being rental payments from individual tenants of residential apartments. The company was founded in 1994, and its IPO took place the same year, meaning its shares have been traded on the stock exchange since then. Currently, Aimco is one of the largest operators of residential complexes in the United States. The company's headquarters are located in Denver, Colorado.
What sector is Apartment Investment and Management in?
Apartment Investment and Management is in the Real Estate sector
What industry is Apartment Investment and Management in?
Apartment Investment and Management is in the Residential industry
What country is Apartment Investment and Management from?
Apartment Investment and Management is headquartered in United States
When did Apartment Investment and Management go public?
Apartment Investment and Management initial public offering (IPO) was on 22 July 1994
What is Apartment Investment and Management website?
https://www.aimco.com
Is Apartment Investment and Management in the S&P 500?
No, Apartment Investment and Management is not included in the S&P 500 index
Is Apartment Investment and Management in the NASDAQ 100?
No, Apartment Investment and Management is not included in the NASDAQ 100 index
Is Apartment Investment and Management in the Dow Jones?
No, Apartment Investment and Management is not included in the Dow Jones index
When was Apartment Investment and Management the previous earnings report?
No data
When does Apartment Investment and Management earnings report?
The next expected earnings date for Apartment Investment and Management is 21 February 2025