APARTMENT INVESTMENT & MANAGEMENT CO
For the period ended Dec 31, 2025. Filed Mar 2, 2026.
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FY2025 · Filed Mar 2, 2026
AIV$1.53-1.3%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
(In thousands, except per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| REVENUES | |||
| Rental and other property revenues | $138,486 | $137,700 | $119,925 |
| OPERATING EXPENSES | |||
| Property operating expenses | 68,355 | 68,077 | 51,655 |
| Depreciation and amortization | 58,278 | 77,133 | 58,118 |
| General and administrative expenses | 34,026 | 32,837 | 32,865 |
| Impairment on real estate | 147,456 | — | — |
| Total operating expenses | 308,115 | 178,047 | 142,638 |
| Interest income | 8,646 | 9,643 | 9,715 |
| Interest expense | (59,429) | (59,364) | (26,922) |
| Mezzanine investment income (loss), net | 856 | (2,432) | (155,814) |
| Realized and unrealized gains (losses) on interest rate contracts | (471) | 1,752 | 1,119 |
| Realized and unrealized gains (losses) on equity investments | (5,790) | (49,504) | 700 |
| Gain on dispositions of real estate | 237,060 | 10,600 | 7,984 |
| Credit loss expense | (22,899) | — | — |
| Other income (expense), net | (4,192) | (5,581) | (7,657) |
| Income (loss) from continuing operations before income tax | (15,848) | (135,233) | (193,588) |
| Income tax benefit (expense) | 57,595 | 11,071 | 12,752 |
| Net income (loss) from continuing operations | 41,747 | (124,162) | (180,836) |
| Income (loss) from discontinued operations, net of taxes | 551,221 | 28,162 | 23,517 |
| Net income (loss) | 592,968 | (96,000) | (157,319) |
| Net (income) loss attributable to redeemable noncontrolling interests in consolidated real estate partnerships | (13,237) | (13,958) | (13,924) |
| Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships | (781) | 1,849 | (3,991) |
| Net (income) loss attributable to common noncontrolling interests in Aimco Operating Partnership | (24,941) | 5,641 | 9,038 |
| Net income (loss) attributable to Aimco | $554,009 | $(102,468) | $(166,196) |
| Earnings (loss) per common share - basic | |||
| Income (loss) from continuing operations attributable to Aimco per common share | $0.20 | $(0.94) | $(1.32) |
| Income (loss) from discontinued operations attributable to Aimco per common share | 3.75 | 0.19 | 0.16 |
| Net income (loss) attributable to Aimco per common share – basic (Note 10) | $3.95 | $(0.75) | $(1.16) |
| Earnings (loss) per common share - diluted | |||
| Income (loss) from continuing operations attributable to Aimco per common share | $0.19 | $(0.94) | $(1.32) |
| Income (loss) from discontinued operations attributable to Aimco per common share | 3.68 | 0.19 | 0.16 |
| Net income (loss) attributable to Aimco per common share – diluted (Note 10) | $3.87 | $(0.75) | $(1.16) |
| Weighted-average common shares outstanding – basic | 138,347 | 138,496 | 143,618 |
| Weighted-average common shares outstanding – diluted | 141,057 | 138,496 | 143,618 |
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