NYSE$AIV

Apartment Investment and Management Co · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Announced second quarter results for 2021 and provided a strategic overview.

Aimco reported a net loss attributable to common stockholders per share of $0.13 for the quarter ended June 30, 2021. The company invested $49 million in development and redevelopment activities. Revenue from Aimco’s Operating Properties was up 2.3% year-over-year.

  • Net loss attributable to common stockholders per share, on a dilutive basis, was $0.13 for the quarter ended June 30, 2021.
  • Aimco invested $49 million in development and redevelopment activities during the second quarter and leased more than 200 homes at properties currently in lease-up.
  • Aimco closed $251 million of construction financing and ended the second quarter with $445 million of liquidity, including cash and capacity on its revolving credit facility.
  • Revenue from Aimco’s Operating Properties was up 2.3% year-over-year, with occupancy up 140 basis points and average revenue per apartment home up 0.8%.

Headline financials

Total Revenue

$40.4M

Previous: $219M-81.5%
EPS (adj)

-$0.13

Previous: $0.63-120.6%
Average Daily Occupancy

97.3%

Previous: 95.5%+1.9%
Avg Revenue per Home

$1.89K

Previous: $2.25K-16.0%
Capital Expenditures

-$113M

Previous: -$190M+40.8%
Free Cash Flow

-$133M

Previous: -$151M+11.9%
Net Income

-$20.4M

Previous: $39.3M-151.9%
Operating Income

-$4.01M

Previous: $31.9M-112.5%
Gross Profit

$40.4M

Previous: $219M-81.5%
Cash & Equivalents

$286M

Previous: $398M-28.2%
Total Assets

$2.31B

Previous: $7.12B-67.5%
Stock-Based Comp

$1.11M

No prior period

Revenue & EPS history

AIMCO · Revenue · Quarterly

$40.4M

Q2 2021-81.5%vs Q2 2020
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Forward guidance

Aimco plans to reinvest earnings to facilitate growth and, therefore, does not presently intend to pay a regular cash dividend.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+0.3%

Avg return

Earnings day

+0.1%

Avg return

5 days after

+0.7%

Avg return

30 days after

50%

25 / 50 earnings

Positive

+11.0%

Q4 2020

Best reaction

-9.7%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.4%-1.2%-31.8%
Q4 2025+3.2%-21.3%-29.2%
Q3 2025+6.0%+5.2%+6.7%
Q1 2025-1.5%-0.3%+4.3%
Q4 2024+0.1%+1.3%-3.1%
Q3 2024-1.6%-0.8%+0.0%
Q2 2024-2.6%-2.5%-0.7%
Q1 2024-1.2%-1.9%-3.5%
Q4 2023-6.9%-7.4%+1.9%
Q3 2023+1.3%-0.2%+12.3%
Q2 2023+0.9%+1.0%-7.3%
Q1 2023+3.4%+9.8%+12.0%
Q4 2022-3.2%-0.9%-9.2%
Q3 2022-3.5%+3.1%+7.9%
Q2 2022+8.4%+13.2%+14.7%
Q1 2022-9.7%-3.2%+4.0%
Q4 2021+2.5%+2.5%+2.5%
Q3 2021-0.4%+1.4%+0.3%
Q2 2021-1.5%-1.9%+2.4%
Q1 2021+4.2%+3.6%+5.9%
Q4 2020+11.0%+12.0%+22.4%
Q3 2020+5.6%-10.7%+1.9%
Q2 2020-5.8%-4.6%-5.5%
Q1 2020+5.0%-1.7%+17.2%
Q4 2019-0.6%+0.3%-9.8%
Q3 2019+1.2%-1.8%-1.5%
Q2 2019+1.4%+1.0%+2.9%
Q1 2019+1.4%-0.5%+1.2%
Q4 2018+0.6%+0.4%+0.4%
Q3 2018+1.1%+4.1%+9.4%
Q2 2018+2.4%+1.5%+2.4%
Q1 2018-0.2%-0.5%+1.3%
Q4 2017-3.1%-5.3%-8.2%
Q3 2017+1.5%+0.6%+2.4%
Q2 2017+3.1%+3.9%+4.3%
Q1 2017-2.5%-3.8%-3.7%
Q4 2016+2.8%+3.4%+5.0%
Q3 2016-0.6%+1.2%-4.8%
Q2 2016+5.0%+3.1%+1.2%
Q1 2016-0.4%
Q4 2015-6.6%
Q3 2015-4.4%
Q2 2015-1.4%
Q1 2015-0.1%
Q4 2014-2.7%
Q3 2014+4.4%
Q2 2014-2.2%
Q1 2014+1.7%
Q3 2013-1.9%
Q2 2013-1.3%

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