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Jun 30
AIMCO Q2 2025 Earnings Report
Aimco reported its second quarter 2025 financial results and provided updates on recent strategic activities.
Key Takeaways
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 $(0.14) per share for Q2 2025.
Property Net Operating Income (NOI) from Stabilized Operating Properties increased by 1.1% year-over-year to $24.2 million.
The company has executed contracts to sell its suburban Boston portfolio and the Brickell Assemblage for a combined $1.26 billion in gross proceeds.
Aimco plans to return between $4.00 and $4.20 per share to stockholders from the net proceeds of the asset sales, with the remainder allocated to debt reduction and general corporate purposes.
AIMCO
AIMCO
AIMCO Revenue by Segment
Revenue by Segment
Stabilized Operating Revenue
CapyFin.com Forward Guidance
Aimco's 2025 outlook anticipates significant asset sales and a substantial return of capital to stockholders, with a revised full-year diluted EPS forecast of $5.20 - $5.40.
Positive Outlook
- Expected gross proceeds of $1.26 billion from Boston and Brickell asset sales.
- Plans to return between $4.00 and $4.20 per share to stockholders.
- Anticipated reduction in debt and annual cost of leverage by approximately $7 million.
- No debt maturing prior to June 2027, considering contractual extensions.
- Continued focus on value creation through effective management of apartment portfolio and development projects.
Challenges Ahead
- Withdrawal of prior guidance for Stabilized Operating Properties due to the substantial impact of the Boston transaction.
- Net income (loss) per share - diluted for the full year 2025 is a forecast, subject to estimated gains from announced transactions.
- The initial distribution to stockholders could be reduced by approximately $0.64 per share if the Brickell Assemblage buyer utilizes the seller financing option.
- The strategic process to unlock stockholder value has no assurance of resulting in any transaction or other strategic changes.
- Potential for adverse economic and geopolitical conditions to negatively impact operations, including occupancy, rental rates, and property operating results.