NYSE$AIV

Apartment Investment and Management Co · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

AIMCO Q4 2025 Earnings Report was released, highlighting the approval of the Plan of Sale and Liquidation and significant asset dispositions.

Aimco reported a strong fourth quarter driven by $1.26 billion in total 2025 asset sales, including the $520 million Brickell Assemblage. Stockholders approved a Plan of Sale and Liquidation in February 2026, transitioning the company's focus to an orderly wind-down and maximizing cash distributions, with an initial liquidating distribution of $1.45 per share declared.

  • Stockholders approved the Plan of Sale and Liquidation on February 6, 2026, to maximize returns through asset sales.
  • Completed $1.26 billion in real estate dispositions during 2025, including the final suburban Boston property and the Brickell Assemblage.
  • Declared an initial liquidating distribution of $1.45 per share payable in March 2026, with total estimated distributions between $5.75 and $7.10 per share.
  • Stabilized Operating Property NOI increased 0.5% year-over-year in Q4 2025, supported by a 2.8% increase in average monthly revenue per apartment home.

Headline financials

Total Revenue

$34.6M

Previous: $54.2M-36.1%
EPS (adj)

$2.08

Previous: -$0.08+2700.0%
Net Income

$319M

Previous: -$7.64M+4273.2%
Operating Income

-$96.5M

Previous: $25.9M-472.5%

Revenue & EPS history

AIMCO · Revenue · Quarterly

$34.6M

Q4 2025-36.1%vs Q4 2024
Beat estimate in 5 of 8 quarters(63%)
ActualEstimate

Forward guidance

Aimco is executing a Plan of Sale and Liquidation with estimated total liquidating distributions of $5.75 to $7.10 per share.

Tailwinds

  • Expected 2Q 2026 distributions of $0.85 to $0.95 per share.
  • Ten properties currently under contract for approximately $510 million.
  • Monetization of seller financing notes expected to add $0.90 to $1.10 per share.
  • Development project at 34th Street in Miami remains on schedule and on budget.
  • Successful retirement of $435 million of debt during 2025.

Headwinds

  • Liquidation timing and amounts are subject to buyer performance and market dynamics.
  • Rapidly fluctuating economic conditions may impact final valuation estimates.
  • Ceased all planning and predevelopment efforts for future projects.
  • Potential for delisting from the NYSE as the company winds down.
  • Estimated tax liabilities and transaction costs will reduce net proceeds available for distribution.

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 2025

Historical avgQ4 2025

+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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