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Apartment Investment & Management Co (Apartment Investment & Management Co) ROE %

: -141.17% (As of Dec. 2023)
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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Apartment Investment & Management Co's annualized net income for the quarter that ended in Dec. 2023 was $-606.0 Mil. Apartment Investment & Management Co's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was $429.3 Mil. Therefore, Apartment Investment & Management Co's annualized ROE % for the quarter that ended in Dec. 2023 was -141.17%.

The historical rank and industry rank for Apartment Investment & Management Co's ROE % or its related term are showing as below:

AIV' s ROE % Range Over the Past 10 Years
Min: -37.04   Med: -1   Max: 14.45
Current: -33.77

During the past 6 years, Apartment Investment & Management Co's highest ROE % was 14.45%. The lowest was -37.04%. And the median was -1.00%.

AIV's ROE % is ranked worse than
98.25% of 800 companies
in the REITs industry
Industry Median: 4.25 vs AIV: -33.77

Apartment Investment & Management Co ROE % Historical Data

The historical data trend for Apartment Investment & Management Co's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Apartment Investment & Management Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Premium Member Only 0.06 -1.00 -1.18 14.45 -37.04

Apartment Investment & Management Co Quarterly Data
Dec18 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROE % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -122.37 -6.53 -2.73 -1.75 -141.17

Competitive Comparison

For the REIT - Residential subindustry, Apartment Investment & Management Co's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Apartment Investment & Management Co ROE % Distribution

For the REITs industry and Real Estate sector, Apartment Investment & Management Co's ROE % distribution charts can be found below:

* The bar in red indicates where Apartment Investment & Management Co's ROE % falls into.



Apartment Investment & Management Co ROE % Calculation

Apartment Investment & Management Co's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=-166.196/( (547.852+349.652)/ 2 )
=-166.196/448.752
=-37.04 %

Apartment Investment & Management Co's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Sep. 2023 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=-605.996/( (508.888+349.652)/ 2 )
=-605.996/429.27
=-141.17 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2023) net income data. ROE % is displayed in the 30-year financial page.


Apartment Investment & Management Co  (NYSE:AIV) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-605.996/429.27
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-605.996 / 197.408)*(197.408 / 2170.1705)*(2170.1705 / 429.27)
=Net Margin %*Asset Turnover*Equity Multiplier
=-306.98 %*0.091*5.0555
=ROA %*Equity Multiplier
=-27.94 %*5.0555
=-141.17 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-605.996/429.27
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-605.996 / -621.184) * (-621.184 / 16.728) * (16.728 / 197.408) * (197.408 / 2170.1705) * (2170.1705 / 429.27)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9755 * -37.1344 * 8.47 % * 0.091 * 5.0555
=-141.17 %

Note: The net income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Apartment Investment & Management Co ROE % Related Terms

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Apartment Investment & Management Co (Apartment Investment & Management Co) Business Description

Traded in Other Exchanges
N/A
Address
4582 South Ulster Street, Suite 1450, Denver, CO, USA, 80237
Apartment Investment & Management Co is a self-managed real estate investment trust. It is focused on property development, redevelopment and various other value-creating investment strategies, targeting the U.S multifamily market. Its operating segments are Development and Redevelopment; Operating, and Other. The company generates majority of revenue from operating segment.
Executives
Sherry L Rexroad director 2 BAYBERRY CIRCLE, AMBLER PA 19002
Kellie Dreyer officer: Senior Vice President and CAO 4582 S. ULSTER ST. SUITE 1450, DENVER CO 80237
James Patrick Sullivan director 34 SOUTH PEAK, LAGUNA NIGUEL CA 92677
Jay P Leupp director 16435 N. SCOTTSDALE ROAD, SUITE 320, SCOTTSDALE AZ 85254
Michael A Stein director 4582 S. ULSTER STREET, SUITE 1100, DENVER CO 80237
Kirk Sykes director C/O ARES COMMERCIAL REAL ESTATE CORP., 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 10167
Robert A. Miller director 6649 WESTWOOD BLVD, SUITE 500, ORLANDO FL 32821
R Dary Stone director 3344 PEACHTREE ROAD, SUITE 1800, ATLANTA GA 30326
Patricia L Gibson director 545 E JOHN CARPENTER FREEWAY, SUITE 1300, IRVING TX 75062
Quincy Allen director 4582 S. ULSTER STREET, SUITE 1700, DENVER CO 80237
Deborah Smith director 4582 S. ULSTER STREET, SUITE 1450, DENVER CO 80237
Terry Considine director 4582 SOUTH ULSTER STREET PARKWAY, SUITE 1100, DENVER CO 80237
Jennifer Johnson officer: EVP CAO and General Counsel 4582 S. ULSTER STREET, STE 1400, DENVER CO 80237
Wesley William Powell director, officer: President and CEO 4582 S. ULSTER STREET, SUITE 1100, DENVER CO 80237
Lynn Stanfield officer: EVP and CFO 4582 S. ULSTER STREET, SUITE 1100, DENVER CO 80237

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