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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

vs
industry
vs
history
Cash to Debt 0.01
AIV's Cash to Debt is ranked higher than
51% of the 794 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.05 vs. AIV: 0.01 )
AIV' s 10-Year Cash to Debt Range
Min: 0.01   Max: No Debt
Current: 0.01

Equity to Asset 0.21
AIV's Equity to Asset is ranked lower than
51% of the 818 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.48 vs. AIV: 0.21 )
AIV' s 10-Year Equity to Asset Range
Min: 0.13   Max: 0.57
Current: 0.21

0.13
0.57
Interest Coverage 1.05
AIV's Interest Coverage is ranked higher than
54% of the 666 Companies
in the Global REIT - Residential industry.

( Industry Median: 2.49 vs. AIV: 1.05 )
AIV' s 10-Year Interest Coverage Range
Min: 0.07   Max: 9999.99
Current: 1.05

0.07
9999.99
F-Score: 6
Z-Score: 0.49
M-Score: -3.44
WACC vs ROIC
4.09%
5.80%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating margin (%) 27.35
AIV's Operating margin (%) is ranked higher than
65% of the 825 Companies
in the Global REIT - Residential industry.

( Industry Median: 40.64 vs. AIV: 27.35 )
AIV' s 10-Year Operating margin (%) Range
Min: 1.57   Max: 36.29
Current: 27.35

1.57
36.29
Net-margin (%) 39.60
AIV's Net-margin (%) is ranked higher than
78% of the 826 Companies
in the Global REIT - Residential industry.

( Industry Median: 32.61 vs. AIV: 39.60 )
AIV' s 10-Year Net-margin (%) Range
Min: -6.79   Max: 33.14
Current: 39.6

-6.79
33.14
ROE (%) 37.80
AIV's ROE (%) is ranked higher than
98% of the 835 Companies
in the Global REIT - Residential industry.

( Industry Median: 6.57 vs. AIV: 37.80 )
AIV' s 10-Year ROE (%) Range
Min: -6.28   Max: 27.32
Current: 37.8

-6.28
27.32
ROA (%) 6.41
AIV's ROA (%) is ranked higher than
89% of the 838 Companies
in the Global REIT - Residential industry.

( Industry Median: 2.91 vs. AIV: 6.41 )
AIV' s 10-Year ROA (%) Range
Min: -0.94   Max: 4.11
Current: 6.41

-0.94
4.11
ROC (Joel Greenblatt) (%) 5.07
AIV's ROC (Joel Greenblatt) (%) is ranked higher than
71% of the 754 Companies
in the Global REIT - Residential industry.

( Industry Median: 6.34 vs. AIV: 5.07 )
AIV' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 0.36   Max: 7.29
Current: 5.07

0.36
7.29
Revenue Growth (3Y)(%) -9.60
AIV's Revenue Growth (3Y)(%) is ranked higher than
57% of the 615 Companies
in the Global REIT - Residential industry.

( Industry Median: -0.20 vs. AIV: -9.60 )
AIV' s 10-Year Revenue Growth (3Y)(%) Range
Min: -22.4   Max: 23.2
Current: -9.6

-22.4
23.2
EBITDA Growth (3Y)(%) -5.80
AIV's EBITDA Growth (3Y)(%) is ranked higher than
62% of the 551 Companies
in the Global REIT - Residential industry.

( Industry Median: 2.80 vs. AIV: -5.80 )
AIV' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 0   Max: 79.2
Current: -5.8

0
79.2
» AIV's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q4 2013

AIV Guru Trades in Q4 2013

Jim Simons 665,285 sh (+84.2%)
Jeremy Grantham 34,900 sh (unchged)
Manning & Napier Advisors, Inc 246,759 sh (-8.53%)
» More
Q1 2014

AIV Guru Trades in Q1 2014

Steven Cohen 15,079 sh (New)
Louis Moore Bacon 14,368 sh (New)
Bill Ackman 3,749,393 sh (New)
Jim Simons 921,524 sh (+38.52%)
Manning & Napier Advisors, Inc 246,332 sh (-0.17%)
Jeremy Grantham 30,000 sh (-14.04%)
» More
Q2 2014

AIV Guru Trades in Q2 2014

Louis Moore Bacon 14,368 sh (unchged)
Bill Ackman Sold Out
Jim Simons 894,385 sh (-2.95%)
Jeremy Grantham 28,600 sh (-4.67%)
Manning & Napier Advisors, Inc 228,467 sh (-7.25%)
» More
Q3 2014

AIV Guru Trades in Q3 2014

Jeremy Grantham 40,900 sh (+43.01%)
Louis Moore Bacon Sold Out
Manning & Napier Advisors, Inc 223,033 sh (-2.38%)
Jim Simons 327,785 sh (-63.35%)
» More
» Details

Insider Trades

Latest Guru Trades with AIV

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Bill Ackman 2014-06-30 Sold Out 1.4%$29.11 - $32.54 $ 40.7931%0
Bill Ackman 2014-03-31 New Buy1.4%$25.72 - $31.09 $ 40.7942%3749393
Ray Dalio 2013-09-30 Sold Out $27.24 - $31.46 $ 40.7940%0
Ray Dalio 2013-06-30 New Buy$27.56 - $33.2 $ 40.7933%7568
Ken Heebner 2012-12-31 Sold Out 0.49%$24.3 - $26.99 $ 40.7959%0
Ken Heebner 2012-09-30 New Buy0.49%$25.9 - $28.27 $ 40.7952%750000
Ray Dalio 2011-12-31 Sold Out 0.0034%$20.29 - $26.8 $ 40.7980%0
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Preferred stocks of Apartment Investment & Management Company

SymbolPriceYieldDescription
AIVPRZ27.006.74
AIVPRA0.004.086.875 % Cum Pfd Shs -A-

Top Ranked Articles about Apartment Investment & Management Company

Bill Ackman's New REITs
Pershing Square's Bill Ackman (Trades, Portfolio) finally jettisoned the remainder of one of his largest activist positions, the real estate investment trust (REIT) General Growth Properties (GGP) – a four-year project – in the first quarter. Though he ventured into the real estate space before, with holdings in Howard Hughes Corp (HHC) (current position) and Alexander & Baldwin Inc. (ALEX) (sold fourth quarter 2012), in the first quarter as he sold out General Growth, he added more exposure to REITs – known for their high dividend payments – with the acquisition of Apartment Investment & Management Company (AIV) (or Aimco) and Home Properties Inc. (HME). Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 15.40
AIV's P/E(ttm) is ranked higher than
83% of the 924 Companies
in the Global REIT - Residential industry.

( Industry Median: 30.40 vs. AIV: 15.40 )
AIV' s 10-Year P/E(ttm) Range
Min: 1.24   Max: 525.06
Current: 15.4

1.24
525.06
Forward P/E 105.26
AIV's Forward P/E is ranked higher than
67% of the 924 Companies
in the Global REIT - Residential industry.

( Industry Median: 31.55 vs. AIV: 105.26 )
N/A
PE(NRI) 15.40
AIV's PE(NRI) is ranked higher than
83% of the 924 Companies
in the Global REIT - Residential industry.

( Industry Median: 33.50 vs. AIV: 15.40 )
AIV' s 10-Year PE(NRI) Range
Min: 12.12   Max: 34
Current: 15.4

12.12
34
P/B 5.70
AIV's P/B is ranked higher than
51% of the 924 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.38 vs. AIV: 5.70 )
AIV' s 10-Year P/B Range
Min: 0.5   Max: 17.06
Current: 5.7

0.5
17.06
P/S 6.00
AIV's P/S is ranked higher than
81% of the 924 Companies
in the Global REIT - Residential industry.

( Industry Median: 8.31 vs. AIV: 6.00 )
AIV' s 10-Year P/S Range
Min: 0.51   Max: 6.01
Current: 6

0.51
6.01
POCF 19.08
AIV's POCF is ranked higher than
71% of the 924 Companies
in the Global REIT - Residential industry.

( Industry Median: 18.83 vs. AIV: 19.08 )
AIV' s 10-Year POCF Range
Min: 1.59   Max: 19.2
Current: 19.08

1.59
19.2
EV-to-EBIT 37.84
AIV's EV-to-EBIT is ranked higher than
72% of the 924 Companies
in the Global REIT - Residential industry.

( Industry Median: 37.02 vs. AIV: 37.84 )
AIV' s 10-Year EV-to-EBIT Range
Min: -539.5   Max: 484.8
Current: 37.84

-539.5
484.8
Shiller P/E 133.90
AIV's Shiller P/E is ranked higher than
80% of the 924 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.00 vs. AIV: 133.90 )
AIV' s 10-Year Shiller P/E Range
Min: 4.31   Max: 144.58
Current: 133.9

4.31
144.58
Current Ratio 0.47
AIV's Current Ratio is ranked higher than
59% of the 765 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.85 vs. AIV: 0.47 )
AIV' s 10-Year Current Ratio Range
Min: 0.31   Max: 1.3
Current: 0.47

0.31
1.3
Quick Ratio 0.47
AIV's Quick Ratio is ranked higher than
60% of the 765 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.77 vs. AIV: 0.47 )
AIV' s 10-Year Quick Ratio Range
Min: 0.31   Max: 1.3
Current: 0.47

0.31
1.3

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.50
AIV's Dividend Yield is ranked lower than
77% of the 836 Companies
in the Global REIT - Residential industry.

( Industry Median: 4.03 vs. AIV: 2.50 )
AIV' s 10-Year Dividend Yield Range
Min: 1.55   Max: 48.58
Current: 2.5

1.55
48.58
Dividend Payout 83.05
AIV's Dividend Payout is ranked higher than
52% of the 924 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.29 vs. AIV: 83.05 )
AIV' s 10-Year Dividend Payout Range
Min: 0.29   Max: 62.5
Current: 83.05

0.29
62.5
Dividend growth (3y) 47.40
AIV's Dividend growth (3y) is ranked higher than
97% of the 493 Companies
in the Global REIT - Residential industry.

( Industry Median: 4.80 vs. AIV: 47.40 )
AIV' s 10-Year Dividend growth (3y) Range
Min: -50   Max: 47.4
Current: 47.4

-50
47.4
Yield on cost (5-Year) 9.53
AIV's Yield on cost (5-Year) is ranked higher than
87% of the 839 Companies
in the Global REIT - Residential industry.

( Industry Median: 4.43 vs. AIV: 9.53 )
AIV' s 10-Year Yield on cost (5-Year) Range
Min: 5.91   Max: 185.28
Current: 9.53

5.91
185.28
Share Buyback Rate -7.70
AIV's Share Buyback Rate is ranked higher than
74% of the 602 Companies
in the Global REIT - Residential industry.

( Industry Median: -6.30 vs. AIV: -7.70 )
AIV' s 10-Year Share Buyback Rate Range
Min: 14.4   Max: -72.1
Current: -7.7

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 5.70
AIV's Price/Tangible Book is ranked higher than
54% of the 924 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.48 vs. AIV: 5.70 )
AIV' s 10-Year Price/Tangible Book Range
Min: 0.79   Max: 16.4
Current: 5.7

0.79
16.4
Price/DCF (Projected) 19.20
AIV's Price/DCF (Projected) is ranked higher than
77% of the 924 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.00 vs. AIV: 19.20 )
AIV' s 10-Year Price/DCF (Projected) Range
Min: 0.78   Max: 248.43
Current: 19.2

0.78
248.43
Price/Median PS Value 1.80
AIV's Price/Median PS Value is ranked higher than
57% of the 924 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.31 vs. AIV: 1.80 )
AIV' s 10-Year Price/Median PS Value Range
Min: 0.17   Max: 2.1
Current: 1.8

0.17
2.1
Price/Graham Number 2.50
AIV's Price/Graham Number is ranked higher than
67% of the 924 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.64 vs. AIV: 2.50 )
AIV' s 10-Year Price/Graham Number Range
Min: 0.21   Max: 7.17
Current: 2.5

0.21
7.17
Earnings Yield (Greenblatt) 2.60
AIV's Earnings Yield (Greenblatt) is ranked higher than
68% of the 822 Companies
in the Global REIT - Residential industry.

( Industry Median: 3.10 vs. AIV: 2.60 )
AIV' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.2   Max: 14.9
Current: 2.6

0.2
14.9
Forward Rate of Return (Yacktman) -3.92
AIV's Forward Rate of Return (Yacktman) is ranked higher than
69% of the 494 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.10 vs. AIV: -3.92 )
AIV' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -77.8   Max: 2.7
Current: -3.92

-77.8
2.7

Business Description

Industry: REITs » REIT - Residential
Compare:PPS, EQR, AVB, AGNC, UDR » details
Traded in other countries:AIV.Germany,
Apartment Investment & Management Company is a Maryland corporation incorporated on January 10, 1994. It is a self-administered and self-managed real estate investment trust, or REIT, along with its subsidiaries is engaged in the ownership and operation of portfolio of apartment properties. The Company has properties in 23 states in the District of Columbia and Puerto Rico. The Company conducts substantially all of its business and owns almost all of its assets through the Aimco Operating Partnership. The Company's business is organized around two core activities; Property Operations and Portfolio Management. Its property operations consist primarily of a diversified portfolio of market-rate apartment communities, which it refers to as conventional apartment communities. At December 31, 2013, its conventional property operations consisted of 162 apartment communities with 50,486 apartment homes in which it held an average ownership of approximately 97%. It also operates a portfolio of affordable apartment communities, which consists of apartments with rents that are generally paid, in whole or part, by a government agency. At December 31, 2013, its affordable property operations consisted of 74 apartment communities with 10,067 apartment homes in which it held an average ownership of approximately 87%. Portfolio management involves the ongoing allocation of investment capital to meet its geographic and product type goals. The Company's apartment communities compete directly with other rental apartments as well as condominiums and single-family homes that are available for rent or purchase in the markets in which its apartment communities are located. Apartment communities and their owners are subject to various laws, ordinances and regulations, including those related to real estate broker licensing and regulations relating to recreational facilities such as swimming pools, activity centers and other common areas.
» More Articles for AIV

Headlines

Articles On GuruFocus.com
Bill Ackman's New REITs May 23 2014 
4 Higher-Yield Stocks Increasing Their Yield Feb 04 2013 
52 Stocks Raised Dividends Last Week and Which to Buy | A Full Compilation Feb 03 2013 
This Stock Had a Double-Digit Yield Before Thursday's Increase Aug 06 2012 
Avalon Bay - This Stock Will Fall This Year Mar 07 2012 
The Best Stocks With Dividend Growth From Last Week 6/2012 Feb 11 2012 
Weekly CEO Sells Highlight: TPC, PLL, AIV, LULU Mar 27 2011 
Apartment Investment and Management Comp (AIV) Chairman & CEO Terry Considine sells 32,354 Shares Mar 08 2011 
Apartment Investment and Management Comp Reports Operating Results (10-K) Feb 25 2011 
Weekly CEO Sells Highlight: Autonation Inc., Arris Group Inc, Eaton Corp, and Apartment Investment & Feb 13 2011 


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