NYSE$AIV

Apartment Investment and Management Co · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

AIMCO reported year end 2020 results, highlighting a solid start with positive trends in operating metrics and strong investor demand.

AIMCO reported its year-end 2020 results, showcasing a solid start after the separation from AIR. The company is focused on development projects and securing new investment opportunities. Operating metrics trended positively during the fourth quarter, with strong investor demand reflecting the resilience of the U.S. multifamily sector.

  • Aimco benefits from its ownership of a diversified portfolio of stabilized multi-family properties.
  • The company maintains a safe balance sheet with limited use of corporate credit and access to substantial liquidity.
  • Aimco is actively managing and investing in the development and redevelopment of real property.
  • The company is leveraging a national platform with local and regional expertise to source and execute investment opportunities.

Headline financials

Total Revenue

$38.6M

Previous: $230M-83.2%
EPS (adj)

-$0.10

Previous: $0.65-115.4%
Average Daily Occupancy

96.9%

Previous: 97.4%-0.5%
Net Income

-$26M

Previous: $143M-118.2%
Operating Income

-$18.7M

Previous: $36.6M-151.1%
Gross Profit

-$507M

Previous: $38.2M-1428.1%
Cash & Equivalents

$299M

Previous: $143M+109.2%
Total Assets

$1.84B

Previous: $6.83B-73.1%

Revenue & EPS history

AIMCO · Revenue · Quarterly

$38.6M

Q4 2020-83.2%vs Q4 2019
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

Aimco is focused on managing and investing in the development and redevelopment of real property, seeking outsized returns on incremental capital invested. The company also focuses on opportunistic investments and owning a portfolio of stabilized properties.

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 Q4 2020

Historical avgQ4 2020

+0.3%

Avg return

Earnings day

+0.1%

Avg return

5 days after

+1.6%

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%
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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