Difference 138292000 exceeds tolerance 1675733.000. Presentation or filing-vintage differences need review.
Valuation, from the filing
| Public float | $1.20B | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $8.34 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / net income | 2.2× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / revenue | 8.7× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 3.0× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Valuation over time
2.2× earnings today, against a median of 18.6× across 6 years on record. Below its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2025-06-30 | $1.20B | 2.2× | |
| 2022-06-30 | $1.00B | 13.4× | |
| 2019-06-30 | $7.40B | 24342.1× | |
| 2018-06-30 | $6.60B | 2035.2× | |
| 2017-06-30 | $6.70B | 21.2× | |
| 2016-06-30 | $6.90B | 16.0× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
How this compares in its industry
Percentile among the Real Estate Investment Trusts filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| Net margin | 395.1% | 99th | |
| SBC / revenue | 4.3% | 87th | |
| Revenue YoY growth | 0.6% | 38th | |
| Long-term debt / equity | 1.16x | 55th |
APARTMENT INVESTMENT & MANAGEMENT CO (AIV) reported revenue of $112.87M and net income of $547.16M for the fiscal year ended 2025-12-31. This page shows 1 annual period of income statement, balance sheet and cash flow figures normalized from APARTMENT INVESTMENT & MANAGEMENT CO’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Real Estate Investment Trusts.
Income
| Metric | 2025-12-31 |
|---|---|
| Revenue | $112.87M |
| Cost of revenue | Unavailable |
| Gross profit | Unavailable |
| Operating income | Unavailable |
| Net income | $547.16M |
| Research & development | Unavailable |
| Weighted-average diluted shares | Unavailable |
| Pretax income | -$10.18M |
| Income tax expense | -$57.60M |
| Diluted EPS | Unavailable |
| Selling, general & administrative | Unavailable |
| General & administrative | $34.02M |
| Selling & marketing | Unavailable |
Balance
| Metric | 2025-12-31 |
|---|---|
| Cash & equivalents | $394.89M |
| Total assets | $1.68B |
| Current assets | Unavailable |
| Total liabilities | $1.12B |
| Current liabilities | Unavailable |
| Total equity incl. NCI | $394.59M |
| Temporary (mezzanine) equity | $20.00M |
| Inventory | Unavailable |
| Accounts receivable | $13.78M |
| Goodwill | Unavailable |
| Long-term debt | $457.32M |
| Accounts payable | Unavailable |
Cash flow
| Metric | 2025-12-31 |
|---|---|
| Operating cash flow | $8.09M |
| Capital expenditures | Unavailable |
| Investing cash flow | $874.97M |
| Financing cash flow | -$648.82M |
| Net change in cash | Unavailable |
| Stock-based compensation | $5.90M |
| Common dividends paid | $415.56M |
| Common share repurchases | $256.00K |
| Depreciation & amortization | $58.00M |
Derived
| Metric | 2025-12-31 |
|---|---|
| Free cash flow | Unavailable |
| Gross margin | Unavailable |
| Operating margin | Unavailable |
| FCF margin | Unavailable |
| SBC / revenue | 5.2% |
| Current ratio | Unavailable |
| Revenue YoY growth | -34.7% |
| Net margin | 484.8% |
| R&D / revenue | Unavailable |
| CapEx / revenue | Unavailable |
| Long-term debt / equity | 1.16x |
| Effective tax rate | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open AIV in the interactive workspace to inspect any figure back to its filing.
Source filings
Reconciliation checks needing review
1 period on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.