Aimco is a Real Estate Investment Trust focused on property development, redevelopment and various other value-creating investment strategies, targeting the U.S multifamily market. Aimco is traded on the New York Stock Exchange as AIV.

Company profile
Ticker
AIV
Exchange
Website
CEO
Terry Considine
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
AIMCO PROPERTIES, L.P. • AIMCO-GP, INC. • AIMCO/BETHESDA HOLDINGS, INC. • 1001 BB DRIVE, LLC • 1001 BRICKELL BAY DRIVE, LLC • AF HOTEL PARCEL LESSEE, LLC • AF HOTEL PARCEL LESSOR, LLC • AF HOTEL PARCEL OPPORTUNITY FUND, LP • AF HOTEL PARCEL OPPORTUNITY ZONE BUSINESS, LP • AIC REIT PROPERTIES LLC ...
IRS number
841259577
AIV stock data
Press releases
Aimco Announces: The realization of $100M of value creation from the successful development of four properties leased from AIR Communities; the cancellation of the related $469M lease obligation; and the repayment of $534M debt owed to AIR.
21 Jun 22
Aimco Recognized as 2022 Healthiest Employer by National Publication
3 Jun 22
Aimco Provides Recent Highlights and First Quarter Financial Results
9 May 22
Aimco Announces First Quarter Earnings Date
2 May 22
Calendar
9 May 22
2 Jul 22
31 Dec 22
Financial summary
Quarter (USD) | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 177.62M | 177.62M | 177.62M | 177.62M | 177.62M | 177.62M |
Cash burn (monthly) | 22.32M | 4.81M | (no burn) | 2.4M | (no burn) | (no burn) |
Cash used (since last report) | 68.43M | 14.74M | n/a | 7.37M | n/a | n/a |
Cash remaining | 109.19M | 162.89M | n/a | 170.26M | n/a | n/a |
Runway (months of cash) | 4.9 | 33.9 | n/a | 70.9 | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
31 May 22 | Leupp Jay P | Class A Common Stock | Buy | Acquire P | Yes | No | 6.3145 | 2,145 | 13.54K | 2,145 |
4 Feb 22 | Quincy Allen | Class A Common Stock | Grant | Acquire A | No | No | 0 | 12,355 | 0 | 50,389 |
4 Feb 22 | Deborah Smith | Stock Option Class A Common Stock | Grant | Acquire A | No | No | 6.79 | 111,843 | 759.41K | 111,843 |
4 Feb 22 | Robert A. Miller | Stock Option Class A Common Stock | Grant | Acquire A | No | No | 6.79 | 111,843 | 759.41K | 111,843 |
4 Feb 22 | Leupp Jay P | Class A Common Stock | Grant | Acquire A | No | No | 0 | 21,621 | 0 | 73,855 |
Institutional ownership, Q1 2022
91.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 176 |
Opened positions | 16 |
Closed positions | 38 |
Increased positions | 63 |
Reduced positions | 59 |
13F shares | Current |
---|---|
Total value | 1.02B |
Total shares | 139.9M |
Total puts | 50.8K |
Total calls | 242.3K |
Total put/call ratio | 0.2 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 22.19M | $162.43M |
TROW T. Rowe Price | 19.9M | $145.69M |
BLK Blackrock | 14.75M | $107.98M |
JPM JPMorgan Chase & Co. | 11.71M | $85.69M |
Long Pond Capital | 9.98M | $73.05M |
Sessa Capital IM | 9.93M | $72.7M |
STT State Street | 7.51M | $54.96M |
GS Goldman Sachs | 5.91M | $43.27M |
Geode Capital Management | 3.04M | $22.29M |
Solel Partners | 2.95M | $21.56M |
Financial report summary
?Risks
- Adverse economic and geopolitical conditions, health crises and dislocations in the credit markets could affect our ability to collect rents and late fees from tenants, and our ability to evict tenants, in addition to having other negative effects on our business, which in turn could adversely affect our financial condition and results of operations.
- We do not have control over the partnership owning the Parkmerced Apartments, the operation of which could adversely affect our financial condition and results of operations.
- Development, redevelopment, and construction risks could affect our profitability.
- Failure to generate sufficient net operating income may adversely affect our liquidity, limit our ability to fund necessary capital expenditures, or adversely affect our ability to pay dividends or distributions.
- Our ability to continue to grow or maintain our pipeline of development and redevelopment opportunities may be constrained.
- Our development projects may subject us to certain liabilities, and we are subject to risks associated with developing properties in partnership with others.
- Government regulations and legal challenges may delay the start or completion of the development of our communities, increase our expenses or limit our building of apartments or other activities.
- Competition could limit our ability to lease apartment homes, increase or maintain rents or execute our development strategy.
- Potential liability or other expenditures associated with potential environmental contamination may be costly.
- Rent control laws and other regulations that limit our ability to increase rental rates may negatively impact our rental income and profitability.
- Laws benefiting disabled persons may result in our incurrence of unanticipated expenses.
- Moisture infiltration and resulting mold remediation may be costly.
- Although we are insured for certain risks, the cost of insurance, increased claims activity, or losses resulting from casualty events may affect our financial condition and results of operations.
- Natural disasters and severe weather may affect our financial condition and results of operations.
- We depend on our senior management.
- We rely on AIR to manage a majority of our properties. If AIR fails to efficiently manage such properties, tenants may not renew their leases, or we may become subject to unforeseen liabilities.
- In addition to property management services, we depend on AIR to support certain of our property’s operations, and any adverse changes in the financial health of AIR or our relationship with it could hinder AIR’s ability to successfully manage our operations.
- Our business and operations would suffer in the event of significant disruptions or cyberattacks of our information technology systems or our failure to comply with laws, rules and regulations related to privacy and data protection.
- Third Party Purchase or Offer Rights, such as in our Master Leasing Agreement, may discourage third parties from negotiating with us with respect to the sale of our real property.
- There may be, or there may be the appearance of, conflicts of interest in our relationship with AIR.
- Our business could be negatively affected as a result of the actions of activist stockholders.
- Our debt financing could result in foreclosure of our apartment communities, prevent us from making distributions on our equity, or otherwise adversely affect our liquidity.
- Disruptions in the financial markets could affect our ability to obtain financing and the cost of available financing and could adversely affect our liquidity.
- Covenant restrictions may limit our operations and impact our ability to make payments to our investors.
- We may increase leverage in executing our development plan, which could further exacerbate the risks associated with our substantial indebtedness.
- We may be unable to achieve some or all of the benefits that we expect to achieve from the Separation.
- The Separation could give rise to disputes or other unfavorable effects, which could materially and adversely affect our business, financial position or results of operations.
- Following the Separation, we may be unable to make, on a timely or cost-effective basis, the changes necessary to operate as an independent company.
- Aimco may be subject to federal, state, and local income taxes in certain circumstances.
- Dividends payable by REITs generally do not qualify for the reduced tax rates available for some dividends.
- Complying with the REIT requirements may cause Aimco to forgo otherwise attractive business opportunities.
- Changes to United States federal income tax laws could materially and adversely affect Aimco and Aimco’s stockholders.
- There are restrictions on the ability to transfer and redeem Aimco Operating Partnership Units, there is no public market for Aimco Operating Partnership Units and holders of Aimco Operating Partnership Units are subject to dilution.
- Cash distributions by Aimco Operating Partnership are not guaranteed and may fluctuate with partnership performance.
- Holders of Aimco OP Units have limited voting rights and are limited in their ability to effect a change of control.
- Holders of OP Units may not have limited liability in specific circumstances.
- Aimco may have conflicts of interest with holders of OP Units.
- Aimco Operating Partnership and its subsidiaries may be prohibited from making distributions and other payments.
Management Discussion
- The results from the execution of our business plan during the twelve months ended December 31, 2021, are described below.
Content analysis
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New words:
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Removed:
annum, assumed, attribute, attribution, bad, borne, calculation, carved, chosen, collateralized, collection, commencement, commencing, culture, default, deficit, delivered, Detailed, determining, developed, discounted, discussed, divesting, effectively, estimated, exist, fourth, framework, geographically, guarantee, improvement, indemnified, infrastructure, insignificant, iv, junior, longer, low, mortgage, NaN, Notwithstanding, offsite, organizational, outsourced, Overview, owed, percentage, performed, PM, produced, progressing, realigned, redevelop, reflection, rendered, represent, reserving, restated, RETV, reversal, running, Science, setting, settled, solid, spinner, spun, stable, swingline, systematically, TSR, utilization
Current reports
8-K
Entry into a Material Definitive Agreement
21 Jun 22
8-K
Entry into a Material Definitive Agreement
25 May 22
8-K
Results of Operations and Financial Condition
9 May 22
8-K
Fourth Quarter 2021 Earnings Release and Supplemental Schedules | 1
1 Mar 22
8-K
Aimco Announces Fourth Quarter Earnings Date, Recent Highlights, and 2022 Plans and Goals
11 Feb 22
8-K
Submission of Matters to a Vote of Security Holders
13 Dec 21
8-K
Results of Operations and Financial Condition
9 Nov 21
8-K
2 2 Hamilton on the Bay Miami, FL
21 Oct 21
8-K
Results of Operations and Financial Condition
15 Aug 21
8-K
Departure of Directors or Certain Officers
16 Jun 21
Registration and prospectus
S-8 POS
Registration of securities for employees (post-effective amendment)
9 Feb 21
S-8 POS
Registration of securities for employees (post-effective amendment)
15 Dec 20
S-8
Registration of securities for employees
18 May 20
S-3ASR
Automatic shelf registration
28 Feb 20
15-12B
Securities registration termination
30 May 19
25-NSE
Exchange delisting
17 May 19
S-8
Registration of securities for employees
18 May 18
S-3ASR
Automatic shelf registration
24 Apr 17
15-12B
Securities registration termination
2 Aug 16
25-NSE
Exchange delisting
28 Jul 16
Proxies
DEF 14A
Definitive proxy
28 Oct 21
DFAN14A
Additional proxy materials by non-management
23 Nov 20
DFAN14A
Additional proxy materials by non-management
17 Nov 20
DEFA14A
Additional proxy soliciting materials
17 Nov 20
DFAN14A
Additional proxy materials by non-management
12 Nov 20
DEFA14A
Additional proxy soliciting materials
5 Nov 20
DEFA14A
Additional proxy soliciting materials
5 Nov 20
DEFA14A
Additional proxy soliciting materials
5 Nov 20
DFAN14A
Additional proxy materials by non-management
30 Oct 20
DEFA14A
Additional proxy soliciting materials
22 Oct 20
Other
UPLOAD
Letter from SEC
24 Nov 20
UPLOAD
Letter from SEC
3 Nov 20
CORRESP
Correspondence with SEC
15 Oct 20
UPLOAD
Letter from SEC
15 Oct 20
UPLOAD
Letter from SEC
8 Oct 20
UPLOAD
Letter from SEC
6 Oct 20
UPLOAD
Letter from SEC
28 Sep 20
UPLOAD
Letter from SEC
31 Jul 17
CORRESP
Correspondence with SEC
16 Jul 17
UPLOAD
Letter from SEC
29 Jun 17
Ownership
4
APARTMENT INVESTMENT & MANAGEMENT / Jay P Leupp ownership change
2 Jun 22
SC 13G/A
APARTMENT INVESTMENT & MANAGEMENT / PRICE T ROWE ASSOCIATES ownership change
14 Feb 22
SC 13G
APARTMENT INVESTMENT & MANAGEMENT / Long Pond Capital ownership change
13 Feb 22
SC 13G/A
APARTMENT INVESTMENT & MANAGEMENT / VANGUARD ownership change
9 Feb 22
SC 13G/A
APARTMENT INVESTMENT & MANAGEMENT / FMR ownership change
9 Feb 22
4
APARTMENT INVESTMENT & MANAGEMENT / R DARY STONE ownership change
8 Feb 22
4
APARTMENT INVESTMENT & MANAGEMENT / Patricia L Gibson ownership change
7 Feb 22
4
APARTMENT INVESTMENT & MANAGEMENT / Kirk Sykes ownership change
7 Feb 22
4
APARTMENT INVESTMENT & MANAGEMENT / MICHAEL A STEIN ownership change
7 Feb 22
4
APARTMENT INVESTMENT & MANAGEMENT / Deborah Smith ownership change
7 Feb 22
Transcripts
2021 Q3
Earnings call transcript
1 Nov 21
2020 Q2
Earnings call transcript
5 Aug 20
2020 Q1
Earnings call transcript
8 May 20
2019 Q4
Earnings call transcript
31 Jan 20
2019 Q3
Earnings call transcript
1 Nov 19
2019 Q2
Earnings call transcript
2 Aug 19
2019 Q1
Earnings call transcript
3 May 19
2018 Q4
Earnings call transcript
5 Feb 19
2018 Q3
Earnings call transcript
2 Nov 18
2018 Q2
Earnings call transcript
3 Aug 18
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