AIV
Real EstateApartment Investment and Management Company · REIT - Residential · $610M
What is Apartment Investment and Management Company?
Apartment Investment and Management Company, known as Aimco, is a Denver-based Real Estate Investment Trust focused on the U.S. multifamily housing market. The company pursues value creation through property development, redevelopment, and strategic real estate investments.
Aimco generates returns by developing, redeveloping, and managing multifamily residential properties across the United States. Rather than simply owning stabilized apartment communities, Aimco targets situations where human capital and active management can meaningfully enhance property values. The company's investment strategies span ground-up development, repositioning of existing assets, and other value-add approaches — all aimed at creating returns for investors and positive outcomes for the communities it operates in.
Aimco was founded in 1994 and is headquartered in Denver, Colorado.
- Multifamily property development and ground-up construction
- Redevelopment and repositioning of existing apartment assets
- Value-add real estate investment strategies
- U.S. residential real estate portfolio management
Is AIV a Good Stock to Buy?
UQS Score rates AIV as Below Average overall, reflecting meaningful challenges across several key quality dimensions.
Valuation stands out as the brightest spot in Aimco's profile — the stock screens as Attractive relative to peers, which may interest investors seeking discounted exposure to the multifamily sector. Quality and Growth both register as Neutral, suggesting the business is neither deteriorating nor demonstrating clear upward momentum in fundamentals.
Moat and Risk are both rated Weak, indicating limited competitive differentiation and above-average uncertainty — two factors that weigh meaningfully on the composite score.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does AIV pay dividends?
Yes — Apartment Investment and Management Company pays a dividend.
Aimco pays a regular dividend, consistent with its structure as a Real Estate Investment Trust — REITs are generally required to distribute a significant portion of taxable income to shareholders. Income-oriented investors should review the current yield and payout details on Aimco's investor relations page, as dividend levels can shift alongside the company's development activity and capital allocation priorities.
When does AIV report earnings?
Aimco reports earnings on a quarterly cadence, typical for NYSE-listed REITs.
As a development-focused REIT, Aimco's quarterly results can vary based on project completions, asset dispositions, and the timing of value-creation milestones rather than purely recurring rental income. Investors should track both net asset value trends and development pipeline progress when evaluating results.
For the most recent quarter's results and upcoming reporting dates, visit Aimco's investor relations page at aimco.com.
AIV Price History
+18.4% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Apartment Investment and Management Company?
Based on Apartment Investment and Management Company's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
AIV Long-term Outlook
Aimco's Growth pillar rates as Neutral, suggesting the development pipeline offers some forward potential but without the conviction of a high-growth profile. The Weak Risk rating tempers that outlook — development-stage real estate carries execution risk, financing sensitivity, and exposure to broader housing market cycles. The Attractive Valuation label indicates the market may already be pricing in a degree of uncertainty, which could limit downside but also reflects real concerns about near-term returns.
Growth drivers
- Active multifamily development pipeline in supply-constrained U.S. markets
- Value-add redevelopment strategies that can unlock above-market returns
- Structural demand for rental housing across major U.S. metropolitan areas
Key risks
- Weak Moat rating signals limited pricing power and competitive differentiation
- Development and redevelopment projects carry execution and financing risk
- Weak Risk pillar reflects sensitivity to interest rate movements and capital market conditions
AIV vs Peers
Aimco operates in a competitive multifamily REIT landscape alongside several other residential-focused trusts.
Morguard North American Residential focuses on a diversified portfolio of apartment communities across both Canada and the United States, offering broader geographic exposure than Aimco's U.S.-only development strategy.
BSR REIT concentrates on garden-style multifamily communities in the U.S. Sun Belt, targeting stable cash-flowing assets rather than Aimco's development and redevelopment-oriented approach.
Minto Apartment REIT focuses on high-quality urban rental properties in major Canadian cities, distinguishing itself through a stabilized income model rather than active value-creation development cycles.
Frequently Asked Questions
What does Apartment Investment and Management Company do?
Aimco is a Real Estate Investment Trust that focuses on developing, redeveloping, and managing multifamily residential properties across the United States. Unlike purely income-oriented REITs, Aimco actively pursues value creation through development projects and repositioning strategies, aiming to enhance property outcomes through hands-on management and capital investment.
Does AIV pay dividends?
Yes, Aimco pays a regular dividend. As a REIT, it is structured to distribute a meaningful portion of taxable income to shareholders. The specific yield and payment schedule can change based on the company's capital needs and development activity — check Aimco's investor relations page for current details.
When does AIV report earnings?
Aimco reports financial results on a quarterly cadence, in line with standard practice for NYSE-listed REITs. Exact reporting dates are not covered by our data source — visit aimco.com's investor relations section for the current earnings calendar.
Is AIV a good stock to buy?
UQS Score rates AIV as Below Average overall. The Valuation pillar is Attractive, which may appeal to value-oriented investors, but the Weak Moat and Weak Risk ratings highlight real concerns around competitive positioning and uncertainty. Investors should weigh these factors carefully before making a decision.
Is AIV overvalued?
Based on the UQS Valuation pillar, AIV screens as Attractive — meaning the stock does not appear overvalued relative to peers at current levels. However, an attractive price alone does not offset the challenges reflected in the Moat and Risk pillars. Full valuation metrics are available to UQS Pro members.
How does AIV compare to its competitors?
Aimco's development-focused strategy sets it apart from peers like BSR REIT and Minto Apartment REIT, which lean toward stabilized income-generating portfolios. Morguard North American Residential offers broader geographic diversification. Each trust carries a different risk-return profile — see the competitor section above for a side-by-side UQS comparison.
What is AIV's market cap bracket?
Aimco is classified as a small-cap company. This places it below the scale of the largest publicly traded REITs, which can mean less liquidity and greater price sensitivity to market conditions — but also potentially more room for valuation re-rating if development projects perform well.
Who founded Apartment Investment and Management Company?
Aimco was founded in 1994. Detailed founding history, including the names of original principals, is publicly available through the company's official website and SEC filings at aimco.com.
Is AIV a long-term quality investment?
From a long-term quality perspective, AIV's UQS profile presents a mixed picture. The Neutral Quality and Growth ratings suggest the business is functional but not compounding at an exceptional rate. The Weak Moat rating is a concern for long-term holders, as durable competitive advantages are a key driver of sustained value creation over time.
What is the main competitive advantage of Aimco?
Aimco's stated edge lies in applying human capital and active management to real estate investments — targeting situations where skilled execution can create value beyond what passive ownership would generate. However, the UQS Moat pillar rates this advantage as Weak, suggesting the market sees limited structural differentiation relative to peers.
What sector does AIV belong to?
AIV belongs to the Real Estate sector, specifically operating as a multifamily-focused REIT. Investors interested in this sector can explore related opportunities on the [UQS Real Estate sector page](/sector/real-estate).
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Pro Analysis
AIV — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 46.2 | 50.0 | 12.0 | 57.6 | 28.4 | 99.4 | 0.0 |
| May 21, 2026 | 46.2 | 50.0 | 12.0 | 57.6 | 28.4 | 99.3 | 0.0 |
| May 16, 2026 | 46.2 | 50.0 | 12.0 | 57.6 | 28.4 | 99.5 | 0.0 |
| May 14, 2026 | 46.2 | 50.0 | 12.0 | 57.6 | 28.4 | 99.1 | 0.0 |
| May 12, 2026 | 46.2 | 50.0 | 12.0 | 57.6 | 28.4 | 99.3 | -1.3 |
| Apr 5, 2026 | 47.5 | 50.0 | 12.0 | 57.6 | 36.4 | 100.0 | -1.6 |
| Apr 2, 2026 | 49.1 | 60.0 | 12.0 | 57.6 | 30.5 | 100.0 | — |
AIV — Pillar Breakdown
Quality
— 50.0/100 (25%)Apartment Investment and Management Company has average quality metrics, with room for improvement in margins or capital efficiency.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 57.6/100 (20%)Apartment Investment and Management Company demonstrates healthy growth trends across revenue and earnings.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Risk
— 28.4/100 (15%)Apartment Investment and Management Company presents elevated risk with concerns around leverage or financial stability.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 97.6/100 (15%)Apartment Investment and Management Company appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
Enterprise value multiple relative to sector median.
Moat
— 12/100 (25%)Apartment Investment and Management Company operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for AIV.
Score Composition
Financial Data
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How is the AIV UQS Score Calculated?
The UQS (Unified Quality Score) for Apartment Investment and Management Company is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Apartment Investment and Management Company's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Apartment Investment and Management Company is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.