APARTMENT INVESTMENT & MANAGEMENT CO
For the period ended Sep 30, 2025. Filed Nov 10, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 10, 2025
AIV$1.57+2.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income (loss) | $274,305 | $(88,364) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation and amortization | 44,922 | 57,914 |
| Realized and unrealized (gains) losses on interest rate contracts | 434 | (1,164) |
| Realized and unrealized (gains) losses on equity investments | 5,475 | 48,101 |
| Income tax expense (benefit) | 5,370 | (8,731) |
| Share-based compensation expense | 4,212 | 4,857 |
| Loss (income) from unconsolidated real estate partnerships | (1,355) | 1,707 |
| Impairment on real estate | 57,373 | — |
| Other, including amortization of debt issuance costs | 5,253 | 16,079 |
| Discontinued operations: | ||
| Depreciation and amortization | 4,795 | 7,209 |
| Income tax (benefit) expense | 177 | — |
| Gain on dispositions of real estate | (377,117) | — |
| Other adjustments to income (loss) from discontinued operations | 1,185 | 96 |
| Changes in operating assets and operating liabilities: | ||
| Operating assets, net | 1,906 | (7,107) |
| Operating liabilities, net | (4,516) | 15,559 |
| Total adjustments | (251,886) | 134,520 |
| Net cash provided by operating activities | 22,419 | 46,156 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Capital expenditures(1) | (73,874) | (113,869) |
| Proceeds from dispositions of real estate | 473,596 | — |
| Other investing activities | 2,090 | (490) |
| Net cash provided by (used) in investing activities | 401,812 | (114,359) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from non-recourse construction loans and bridge financing | 34,140 | 84,981 |
| Proceeds from revolving credit facility | 43,800 | — |
| Principal repayments on non-recourse property debt | (69,843) | (2,361) |
| Principal repayments on non-recourse construction loans and bridge financing | (42,081) | — |
| Principal repayments on revolving credit facility | (43,800) | — |
| Payments of deferred loan costs | (280) | (4,324) |
| Proceeds from interest rate contracts | 1,420 | 5,312 |
| Common stock repurchased | (256) | (34,144) |
| Payments related to withholding taxes for share-based compensation | (4,328) | (941) |
| Dividends paid on common stock and distributions paid on OP Units | (88,213) | — |
| Contributions from redeemable noncontrolling interests | 10,953 | 1,390 |
| Distributions to redeemable noncontrolling interests | (6,124) | (6,289) |
| Contributions from noncontrolling interests | 528 | 873 |
| Distributions to noncontrolling interests | (1,170) | (1,163) |
| Redemption of OP Units held by third parties | (555) | (685) |
| Purchase of redeemable noncontrolling interests in consolidated real estate partnerships | (5,096) | — |
| Other financing activities | (919) | (3,305) |
| Net cash provided by (used in) financing activities | (171,824) | 39,344 |
| NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH | 252,407 | (28,859) |
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF YEAR | 172,956 | 139,267 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD | $425,363 | $110,408 |
(1)Accrued capital expendit ures were$16.1 million and $31.6 million as of September 30, 2025 and 2024, respectively.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.