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3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Apartment Investment & Management Co's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 0.00%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
FRA:AIV's 3-Year ROIIC % is not ranked *
in the REITs industry.
Industry Median: 3.66 * Ranked among companies with meaningful 3-Year ROIIC % only.
Apartment Investment & Management Co (FRA:AIV) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Apartment Investment & Management Co 3-Year ROIIC % Related Terms
Apartment Investment & Management Co 3-Year ROIIC % Historical Data
* 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.
Apartment Investment & Management Co 3-Year ROIIC % Chart
FRA:AIV vs BRT, FREVS, ELME: 3-Year ROIIC % Comparison
For the REIT - Residential subindustry, Apartment Investment & Management Co's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs REITs Industry
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( -0 (Dec. 2025) - -63.6728466 (Dec. 2022) )
/
( 1038.763 (Dec. 2025) - 1784.847 (Dec. 2022) )
=
/
-746.084
=
0.00%***
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Apartment Investment & Management Co (FRA:AIV) has a 3-Year ROIIC % of 0.00 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Apartment Investment & Management Co and its competitors. According to the industry distribution chart, Apartment Investment & Management Co ranks #999999 out of 690 companies in the REITs industry.
Is Apartment Investment & Management Co's 3-Year ROIIC % too high?
Apartment Investment & Management Co's current 3-Year ROIIC % is 0.00. Based on the distribution chart, Apartment Investment & Management Co ranks #999999 out of 690 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Apartment Investment & Management Co has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does Apartment Investment & Management Co's 3-Year ROIIC % compare to BRT and FREVS?
According to the REITs industry distribution chart, Apartment Investment & Management Co ranks #999999 out of 690 companies for 3-Year ROIIC %. This places Apartment Investment & Management Co in the lower half of its industry. The industry median 3-Year ROIIC % is 3.66. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for a REITs company?
The median 3-Year ROIIC % among REITs companies is 3.66, based on 690 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Apartment Investment & Management Co and its competitors. For the REITs industry, the median 3-Year ROIIC % is 3.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apartment Investment & Management Co's current 3-Year ROIIC % is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apartment Investment & Management Co stock overvalued right now?
Apartment Investment & Management Co (FRA:AIV) has a current 3-Year ROIIC % of 0.00. The stock's GF Value™ is €5.40, compared to a current price of €2.30 — trading 57.4% below its estimated fair value. The current 3-Year ROIIC % is 0.00. Apartment Investment & Management Co's overall GF Score™ is 44/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Apartment Investment & Management Co (FRA:AIV), the current 3-Year ROIIC % is 0.00 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Apartment Investment & Management Co (FRA:AIV) Overvalued in 2026?
Based on GuruFocus' analysis, Apartment Investment & Management Co stock appears to be undervalued.
The current stock price of €2.30 is trading 57.4% below its estimated GF Value™ of €5.40.
Key valuation signals for FRA:AIV:
3-Year ROIIC %: 0.00
GF Value™: €5.40 vs. price of €2.30 (57.4% below fair value)
No single metric tells the full story. See the FRA:AIV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Apartment Investment & Management Co Business Description
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. Operating, and Other. The development segment consists of properties that are under construction or have not achieved stabilization, as well as land held for development. The operating segment includes residential apartments, communities with apartment homes that have achieved a stabilized level of operations. The other segment includes The Benson Hotel, the company's only hotel. The majority of revenue is gained from the Operating Segment.
44GF Score
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