APARTMENT INVESTMENT & MANAGEMENT CO
For the period ended Mar 31, 2026. Filed May 11, 2026.
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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.
Mar 31, 2026 · Filed May 11, 2026
AIV$1.57+2.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheet (Going Concern Basis) (Unaudited)
CONDENSED CONSOLIDATED BALANCE SHEET
(In thousands, except share data)
| ASSETS | |
|---|---|
| Buildings and improvements | $744,941 |
| Land | 199,187 |
| Total real estate | 944,128 |
| Accumulated depreciation | (111,585) |
| Net real estate | 832,543 |
| Cash and cash equivalents | 394,891 |
| Restricted cash | 10,131 |
| Notes receivable | 103,863 |
| Right-of-use lease assets - finance leases | 106,438 |
| Other assets, net | 81,720 |
| Assets from discontinued operations and held for sale, net | 146,147 |
| Total assets | $1,675,733 |
| LIABILITIES AND EQUITY | |
| Non-recourse property debt, net | $58,180 |
| Non-recourse construction loans and bridge financing, net | 399,142 |
| Total indebtedness | 457,322 |
| Lease liabilities - finance leases | 124,794 |
| Dividends payable | 4,320 |
| Accrued liabilities and other | 136,459 |
| Liabilities related to discontinued operations and assets held for sale, net | 399,953 |
| Total liabilities | 1,122,848 |
| Redeemable noncontrolling interests in consolidated real estate partnerships | 158,292 |
| Commitments and contingencies (Note 6) | |
| Equity (510,587,500 shares authorized at December 31, 2025): | |
| Common Stock, $0.01 par value, 140,158,784 shares issued and outstanding at December 31, 2025 | 1,402 |
| Additional paid-in capital | 429,144 |
| Retained earnings (deficit) | (68,693) |
| Total Aimco equity | 361,853 |
| Noncontrolling interests in consolidated real estate partnerships | 20,000 |
| Common noncontrolling interests in Aimco Operating Partnership | 12,740 |
| Total equity | 394,593 |
| Total liabilities and equity | $1,675,733 |
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN NET ASSETS
| Attributable to Aimco | Attributable to Noncontrolling Interests in Aimco Operating Partnership | Total Net Assets in Liquidation | |
|---|---|---|---|
| Net assets in liquidation, beginning of period | $879,596 | $41,616 | $921,212 |
| Change in net assets in liquidation | |||
| Liquidating distributions to stockholders | (207,966) | — | (207,966) |
| Liquidating distributions to noncontrolling interests in Aimco Operating Partnership | — | (7,344) | (7,344) |
| Reallocation of noncontrolling interests in Aimco Operating Partnership | (61) | 61 | — |
| Changes in net assets in liquidation | (208,027) | (7,283) | (215,310) |
| Net assets in liquidation, end of period | $671,569 | $34,333 | $705,902 |
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
| Month EndedJanuary 31, | Three Months EndedMarch 31, | |
|---|---|---|
| 2026 | 2025 | |
| REVENUES | ||
| Rental and other property revenues | $6,159 | $22,882 |
| OPERATING EXPENSES | ||
| Property operating expenses | 4,132 | 13,138 |
| Depreciation and amortization | 3,272 | 12,055 |
| General and administrative expenses | 3,295 | 8,180 |
| Total operating expenses | 10,699 | 33,373 |
| Interest income | 2,247 | 2,085 |
| Interest expense | (3,253) | (11,695) |
| Realized and unrealized gains (losses) on interest rate contracts | (8) | (261) |
| Realized and unrealized gains (losses) on equity investments | 258 | (397) |
| Other income (expense), net | (1,242) | (479) |
| Income (loss) from continuing operations before income tax | (6,538) | (21,238) |
| Income tax benefit (expense) | — | 85 |
| Net income (loss) from continuing operations | (6,538) | (21,153) |
| Income (loss) from discontinued operations, net of taxes | 863 | 9,441 |
| Net income (loss) | (5,675) | (11,712) |
| Net (income) loss attributable to redeemable noncontrolling interests in consolidated real estate partnerships | (2,243) | (2,673) |
| Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships | (96) | (296) |
| Net (income) loss attributable to common noncontrolling interests in Aimco Operating Partnership | 271 | 765 |
| Net income (loss) attributable to Aimco | $(7,743) | $(13,916) |
| Earnings (loss) per common share - basic | ||
| Income (loss) from continuing operations attributable to Aimco per common share | $(0.06) | $(0.17) |
| Income (loss) from discontinued operations attributable to Aimco per common share | 0.01 | 0.07 |
| Net income (loss) attributable to Aimco per common share – basic (Note 8) | $(0.05) | $(0.10) |
| Earnings (loss) per common share - diluted | ||
| Income (loss) from continuing operations attributable to Aimco per common share | $(0.06) | $(0.17) |
| Income (loss) from discontinued operations attributable to Aimco per common share | 0.01 | 0.07 |
| Net income (loss) attributable to Aimco per common share – diluted (Note 8) | $(0.05) | $(0.10) |
| Weighted-average common shares outstanding – basic | 140,446 | 136,903 |
| Weighted-average common shares outstanding – diluted | 140,446 | 136,903 |
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