(AIV) Apartment Investment - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US03748R7474

Multifamily Properties, Real Estate, Investment

Multi-Family Residential REITs
Market Cap in USD: 817m

IPO / Inception: 1994-07-22
12m vs SPY: -18.0%

EPS (Earnings per Share)

EPS CAGR: 28.03%
EPS Trend: 7.2%

Last SUE: 4.00
Qual. Beats: 1

Revenue

Rev. CAGR: -7.83%
Rev. Trend: -15.6%

Last SUE: -0.05
Qual. Beats: 0

Dividends

Dividend Yield	46.93%
Yield on Cost 5y	113.20%
Yield CAGR 5y	21.24%
Payout Consistency	11.3%
Payout Ratio	1.7%

Risk via 5d forecast
Volatility	28.7%
Value at Risk 5%th	40.6%
Relative Tail Risk	-14.06%

Reward TTM
Sharpe Ratio	0.23
Alpha	1.02
CAGR/Max DD	0.14

Character TTM
Hurst Exponent	0.619
Beta	-0.229
Beta Downside	0.105

Drawdowns 3y
Max DD	36.11%
Mean DD	10.72%
Median DD	8.68%

Description: AIV Apartment Investment November 16, 2025

Aimco (NYSE:AIV) is a U.S.-based, diversified real estate firm that concentrates on value-add and opportunistic investments within the multifamily housing sector. Its stated mission emphasizes leveraging human capital to generate enhanced outcomes for investors, employees, and local communities, and it trades as a common stock under the ticker AIV in the Multi-Family Residential REIT sub-industry.

Key industry metrics that currently influence Aimco’s performance include a national multifamily occupancy rate of roughly 95% and average rent growth of about 4%-5% year-over-year, driven by strong demographic demand and limited supply in high-growth metros. The REIT’s unlevered cash-on-cash return (UCCOR) has hovered near 8% in recent quarters, while its debt-to-EBITDA ratio remains around 4.5×, reflecting moderate leverage amid a rising interest-rate environment that could pressure acquisition financing costs.

For a deeper, data-driven perspective on Aimco’s valuation and risk profile, you might explore the analytical tools and comparable peer benchmarks available on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 1.0

Net Income (243.7m TTM) > 0 and > 6% of Revenue (6% = 11.7m TTM)

FCFTA -0.05 (>2.0%) and ΔFCFTA 1.76pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 49.75% (prev 65.02%; Δ -15.27pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.01 (>3.0%) and CFO 23.2m <= Net Income 243.7m (YES >=105%, WARN >=100%)

Net Debt (548.6m) to EBITDA (27.9m) ratio: 19.63 <= 3.0 (WARN <= 3.5)

Current Ratio 1.13 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (138.9m) change vs 12m ago 1.61% (target <= -2.0% for YES)

Gross Margin 55.23% (prev 56.74%; Δ -1.51pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 9.85% (prev 9.95%; Δ -0.10pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -0.60 (EBITDA TTM 27.9m / Interest Expense TTM 70.3m) >= 6 (WARN >= 3)

Altman Z'' -0.63

(A) 0.05 = (Total Current Assets 862.5m - Total Current Liabilities 765.8m) / Total Assets 2.08b

(B) -0.18 = Retained Earnings (Balance) -371.0m / Total Assets 2.08b

(D) -0.20 = Book Value of Equity -369.6m / Total Liabilities 1.82b

Total Rating: -0.63 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 23.00

1. Piotroski 1.0pt

2. FCF Yield -7.09%

3. FCF Margin -49.78%

4. Debt/Equity 15.37

5. Debt/Ebitda 19.63

6. ROIC - WACC (= -6.91)%

7. RoE 298.9%

8. Rev. Trend -15.62%

9. EPS Trend 7.25%

What is the price of AIV shares?

As of January 12, 2026, the stock is trading at USD 5.93 with a total of 2,258,686 shares traded.
Over the past week, the price has changed by +0.00%, over one month by +3.31%, over three months by +7.11% and over the past year by -0.98%.

Is AIV a buy, sell or hold?

Apartment Investment has received a consensus analysts rating of 3.00. Therefor, it is recommend to hold AIV.

Strong Buy: 0
Buy: 0
Hold: 1
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the AIV price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	6.7	13%
Analysts Target Price	6.7	13%
ValueRay Target Price	9.6	61%

AIV Fundamental Data Overview January 10, 2026

P/E Forward = 714.2857
P/S = 4.0513
P/B = 13.5736
P/EG = 839.3182
Beta = 1.352
Revenue TTM = 194.4m USD
EBIT TTM = -42.3m USD
EBITDA TTM = 27.9m USD
Long Term Debt = 828.5m USD (from longTermDebt, last quarter)
Short Term Debt = 155.3m USD (from shortTermDebt, last fiscal year)
Debt = 952.9m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 548.6m USD (from netDebt column, last quarter)
Enterprise Value = 1.37b USD (816.9m + Debt 952.9m - CCE 404.4m)
Interest Coverage Ratio = -0.60 (Ebit TTM -42.3m / Interest Expense TTM 70.3m)
EV/FCF = -14.11x (Enterprise Value 1.37b / FCF TTM -96.8m)
FCF Yield = -7.09% (FCF TTM -96.8m / Enterprise Value 1.37b)
FCF Margin = -49.78% (FCF TTM -96.8m / Revenue TTM 194.4m)
Net Margin = 125.3% (Net Income TTM 243.7m / Revenue TTM 194.4m)
Gross Margin = 55.23% ((Revenue TTM 194.4m - Cost of Revenue TTM 87.0m) / Revenue TTM)
Gross Margin QoQ = 51.92% (prev 56.04%)
Tobins Q-Ratio = 0.66 (Enterprise Value 1.37b / Total Assets 2.08b)
Interest Expense / Debt = 1.47% (Interest Expense 14.0m / Debt 952.9m)
Taxrate = 0.15% (-116.0k / -79.4m)
NOPAT = -42.2m (EBIT -42.3m * (1 - 0.15%)) [loss with tax shield]
Current Ratio = 1.13 (Total Current Assets 862.5m / Total Current Liabilities 765.8m)
Debt / Equity = 15.37 (Debt 952.9m / totalStockholderEquity, last quarter 62.0m)
Debt / EBITDA = 19.63 (Net Debt 548.6m / EBITDA 27.9m)
Debt / FCF = -5.67 (negative FCF - burning cash) (Net Debt 548.6m / FCF TTM -96.8m)
Total Stockholder Equity = 81.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 12.35% (Net Income 243.7m / Total Assets 2.08b)
RoE = 298.9% (Net Income TTM 243.7m / Total Stockholder Equity 81.5m)
RoCE = -4.65% (EBIT -42.3m / Capital Employed (Equity 81.5m + L.T.Debt 828.5m))
RoIC = -3.78% (negative operating profit) (NOPAT -42.2m / Invested Capital 1.12b)
WACC = 3.13% (E(816.9m)/V(1.77b) * Re(5.07%) + D(952.9m)/V(1.77b) * Rd(1.47%) * (1-Tc(0.00)))
Discount Rate = 5.07% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -33.33 | Cagr: -0.80%
Fair Price DCF = unknown (Cash Flow -96.8m)
EPS Correlation: 7.25 | EPS CAGR: 28.03% | SUE: 4.0 | # QB: 1
Revenue Correlation: -15.62 | Revenue CAGR: -7.83% | SUE: -0.05 | # QB: 0

Additional Sources for AIV Stock

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Fund Manager Positions: Dataroma | Stockcircle