AIMCO Earnings Reports

Aimco reported a net loss of $19.3 million for the second quarter of 2025, with a diluted EPS of $(0.14). Despite the net loss, the company saw a 1.9% year-over-year increase in Stabilized Operating revenue and a 1.1% increase in Property NOI from Stabilized Operating Properties. The company is actively pursuing strategic asset sales, with $1.26 billion in expected gross proceeds from the Boston and Brickell transactions, aiming to return a significant portion of these proceeds to stockholders.

Aimco reported a net loss attributable to common stockholders of $(0.10) per share for the first quarter of 2025. Stabilized Operating Properties saw a 2.7% increase in Net Operating Income year-over-year, driven by higher average monthly revenue per apartment home and stable occupancy. The company is focused on its development pipeline and the planned sale of the Brickell Assemblage for $520 million to $540 million, with proceeds largely intended for distribution to stockholders.

Aimco delivered strong operational results in 2024, with its Stabilized Operating portfolio generating $25.9 million in NOI for Q4, up 4.5% year-over-year, and $99.0 million for the full year. The company also made significant progress in development completions and strategic dispositions, including the sale of The Hamilton and a partial interest in 3333 Biscayne Boulevard for a combined $204 million, and entered into an agreement to sell the Brickell Assemblage for $520 million.

AIMCO's net loss attributable to common stockholders per share was $(0.16) for the quarter ended September 30, 2024. Revenue, expenses, and NOI from Stabilized Operating Properties increased 4.1%, 10.6%, and 1.6%, respectively, year-over-year. The company substantially completed construction at its Strathmore Square project and began construction on an ultra-luxury residential tower at 640 NE 34th Street in Miami, Florida.

AIMCO reported solid second-quarter results with a net loss per share of $(0.43), impacted by a non-cash impairment charge. Stabilized Operating Properties saw revenue increase by 4.6% and NOI up by 4.1% year-over-year. The company acquired 3.0 million shares of its common stock and revised its full-year guidance upward, expecting revenue to grow between 3.25% and 3.75%.

Aimco delivered solid first quarter results with a net loss attributable to common stockholders per share of $(0.07). Revenue, expenses, and NOI from Aimco’s Stabilized Operating Properties increased 5.4%, 2.8%, and 6.5%, respectively, year-over-year. The company acquired 0.9 million shares of its common stock during the first quarter 2024 at an average cost of $7.49 per share.

Aimco's fourth quarter results for 2023 showed increased revenue, expenses, and NOI from Stabilized Operating Properties, driven by higher average monthly revenue per apartment home and occupancy rates. The company also made progress in development projects and monetized assets. Aimco acquired 1.4 million shares of its common stock during the fourth quarter 2023 at an average cost of $6.75 per share.

AIMCO reported third quarter results for 2023, with a net loss attributable to common stockholders per share of $(0.02). Stabilized Operating Properties saw revenue increase by 6.4% and NOI increase by 7.6% year-over-year. The company updated its full year 2023 guidance for Stabilized Property Operations, raising NOI guidance by more than 100 basis points at the midpoint.

Aimco reported strong first quarter results with revenue and NOI up 11.4% and 13.1% respectively over the prior year, driven by solid performance in stabilized operating properties and progress in development projects.

AIMCO reported a net loss per share of $(1.34) for Q4 2022, primarily due to a non-cash impairment charge related to the Parkmerced mezzanine investment. However, revenue and NOI from stabilized operating properties increased by 9.5% and 10.0%, respectively. The company continued to invest in development projects and repurchased shares.

Aimco reported a productive third quarter, highlighted by revenues up 11.5% and NOI up 17.5% year over year from stabilized operating properties. The company monetized over $900 million of assets during 2022, added to its development pipeline, and repurchased over one million shares of Aimco common stock.

Aimco reported strong second quarter results, with net income per share of $1.57, driven by the termination of AIR leases and gains from property sales. Revenue and NOI from stabilized operating properties increased significantly, and the company made progress on development projects and balance sheet improvements.

Aimco had a solid first quarter with strong results across business segments, development planning and construction activities remaining on track, and newly delivered apartment homes leasing quickly at higher rental rates. The acquisitions team added four million square feet of phased development opportunities, and the national portfolio of stabilized apartment properties remains highly occupied with strong revenue growth.

Aimco reported a net loss of $(0.01) per share for Q4 2021, an improvement from $(0.10) in the same period of 2020. Stabilized Operating Properties saw revenue increase by 9.7% and NOI grow by 16.8% year-over-year. The company closed a $52 million preferred equity financing to fund the Upton Place development and ended the quarter with $395 million in liquidity.

Aimco reported a net loss attributable to common stockholders per share of $(0.03) for the quarter ended September 30, 2021. Revenue from Aimco’s Operating Properties was up 3.8% from the second quarter and 6.9% year-over-year, with occupancy of 97.8%, up 280 basis points year-over-year. Aimco closed $60 million of property financing and ended the third quarter with $413 million of liquidity.

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.

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's third quarter pro forma FFO was $0.61 per share, a 5% decrease year-over-year, impacted by lower occupancy and COVID-related costs, but offset by higher income from the Parkmerced mezzanine loan and lower offsite costs. The company sold a 39% interest in a $2.4 billion California properties portfolio, reducing financial leverage by $1B. Aimco also announced a plan to divide the business between two public entities, AIR and new Aimco, to reduce financial and execution risk and increase FFO per share.

Aimco reported second quarter results for 2020, with AFFO per share up 8% year-over-year. The company recognized 98.4% of all residential rental revenue, treating the balance of 1.6% as bad debt. Aimco has closed a $350 million term loan and $689 million of property financings.

Aimco announced first quarter results for 2020, revealing solid AFFO per share of $0.60, a 9% year-over-year increase, and Same Store NOI growth of 5.0%. The company also detailed its response to the COVID-19 pandemic, including measures to ensure the health and safety of teammates and support residents.

AIMCO announced fourth quarter results for 2019, with Pro forma FFO of $0.65 per share, $0.01 ahead of the midpoint of guidance, and AFFO per share of $0.58, meeting the midpoint of guidance. Same Store revenue and NOI were better than the original midpoint of guidance, and controllable operating expenses were flat, year-over-year. The company closed one investment, making a mezzanine loan to the partnership that owns Parkmerced Apartments in San Francisco while acquiring a ten-year option to acquire a 30% interest in the partnership.