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Mar 31
AIMCO Q1 2025 Earnings Report
Reported First Quarter 2025 Results and Recent Highlights
Key Takeaways
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.
Net loss attributable to common stockholders per share was $(0.10) for Q1 2025.
Stabilized Operating Properties NOI increased 2.7% year-over-year to $25.1 million.
Average monthly revenue per apartment home at stabilized properties increased 2.7% to $2,309.
A contract is in place to sell the Brickell Assemblage for $520 million to $540 million, with closing expected later in 2025.
AIMCO
AIMCO
AIMCO Revenue by Segment
Revenue by Segment
Stabilized Operating Revenue
CapyFin.com Forward Guidance
Aimco provided full-year 2025 guidance including projected net income per share, revenue, expense, and NOI growth for Operating Properties, and expected costs for development and redevelopment projects. Guidance also includes the anticipated disposition of the Brickell Assemblage.
Positive Outlook
- Anticipated full-year 2025 diluted net income per share of $1.50 - $1.60.
- Forecasted Operating Properties Revenue Growth of 2.5% - 3.5% for 2025.
- Forecasted Operating Properties NOI Growth of 1.0% - 3.0% for 2025.
- Expected disposition of the Brickell Assemblage for $520 million - $540 million in 2025.
- Planned investment of $50 million - $60 million in Direct Project Costs on Active Developments in 2025.
Challenges Ahead
- Forecasted Operating Expense Growth of 5.0% - 6.0% for 2025.
- Expected Recurring Capital Expenditures of $11 million - $13 million in 2025.
- Planned investment of $7 million - $10 million in Direct Planning Costs in 2025.
- Total Direct Costs of Projects in Occupancy Stabilization are expected to be $68 million at year-end 2025.
- Total Direct Costs of Projects Under Construction are expected to be $240 million at year-end 2025.