APARTMENT INVESTMENT & MANAGEMENT CO Q3 FY25 Results
AIVQ3 FY25 ResultsAnnounced Nov 10, 2025, 07:00 AM| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 35.13 | 33.4% | 33.9% |
| Total Income | 35.13 | 33.4% | 33.9% |
| Expenditure | 16.89 | 27.2% | 69.1% |
| PBT | -79.43 | 596.1% | 232.6% |
| Net Profit | 283.12 | 1566.2% | 1390.4% |
| OPM | 51.92% | 4.12pp | 54.69pp |
| NPM | 100.00% | 136.59pp | 141.26pp |
| EPS | 2.04 | 1557.1% | 1375.0% |
Aimco Announces Q3 2025 Results, Strategic Review Conclusion, Liquidation Plan
04 May 2026 · 4 May, 7:31 am
Summary
Apartment Investment and Management Company (Aimco) announced its third quarter 2025 results and the conclusion of its strategic review process. The company's net income attributable to common stockholders per share was $2.04 for the quarter. Property Net Operating Income from Stabilized Operating Properties decreased by 3.4% year-over-year to $11.6 million. Aimco is seeking shareholder approval for a Plan of Sale and Liquidation, estimating liquidating distributions of between $5.75 and $7.10 per share.
Key Highlights
- 1
Aimco's net income attributable to common stockholders per share was $2.04 for the three months ended September 30, 2025.
- 2
Property Net Operating Income from Aimco's Stabilized Operating Properties was $11.6 million in the third quarter 2025, down 3.4% year-over-year.
- 3
Effective rents during the third quarter 2025 were 4.4% higher, on average, than the previous lease.
- 4
Aimco sold four suburban Boston properties for $490 million in September 2025 and the fifth in October for $250 million.
- 5
Aimco's Brickell Assemblage remains under contract to be sold for $520 million, with closing targeted for December 2025.
- 6
Aimco estimates liquidating distributions of between $5.75 and $7.10 per share.
- 7
Year-to-date, Aimco has paid $2.83 per share in special cash dividends as of November 10, 2025.
Management Comments
Wes Powell
Aimco has remained laser focused on our mission, which aims to create value for our shareholders, our teammates, and the communities in which we operate. Over the past five years, the Aimco team has navigated a challenging market cycle to deliver more than $1.3 billion of high-quality housing to markets across the country, while safeguarding the Company’s balance sheet and actively managing the portfolio of assets retained following the 2020 Spinoff. During this period, Aimco repurchased 14.5 million shares of common stock, sold more than $1.9 billion of assets, returned more than $420 million in special dividends, and delivered total shareholder returns that have outpaced the FTSE NAREIT Equity Apartments index by more than 2,000 bps. I am pleased with our track record and extremely proud of the Aimco team which remains committed to the important work that lies ahead.”
Pat Gibson
The Board, working with Morgan Stanley and Wachtell, evaluated a broad range of strategic alternatives and in January 2025 publicly announced the Board’s expanded strategic review process. That process involved engagement with more than 100 counterparties, including financial sponsors, investment managers, public REITs and private real estate companies, among others. Having thoroughly explored various strategic alternatives with these counterparties, the Board unanimously concluded that the voluntary and orderly liquidation of the Company’s remaining assets is most likely to result in the greatest value for shareholders as compared to other alternatives.”
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