Apartment Investment & Management Co (FRA:AIV) Scaled Net Operating Assets: 0.58 (As of Mar. 2026)


FRA:AIV Apartment Investment & Management Co FRA:AIV
44 GF Score
Price €2.58
GF Value €5.43
! 5 Warning Signs
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What is Apartment Investment & Management Co Scaled Net Operating Assets?

Apartment Investment & Management Co FRA:AIV +0.78% 44 Scaled Net Operating Assets is 0.58 as of Mar. 2026. GuruFocus rates FRA:AIV with a GF Score™ of 44/100 and a GF Value™ of €5.43. The stock has 5 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Apartment Investment & Management Co's operating assets for the quarter that ended in Mar. 2026 was €1,046.2 Mil. Apartment Investment & Management Co's operating liabilities for the quarter that ended in Mar. 2026 was €222.7 Mil. Apartment Investment & Management Co's Total Assets for the quarter that ended in Dec. 2025 was €1,431.1 Mil. Therefore, Apartment Investment & Management Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.58.


Apartment Investment & Management Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Apartment Investment & Management Co's Scaled Net Operating Assets 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.

Apartment Investment & Management Co Scaled Net Operating Assets Chart

Apartment Investment & Management Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 1.16 0.77 0.77 0.56 0.47

Apartment Investment & Management Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial 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 0.72 0.73 0.42 0.49 0.58

FRA:AIV vs BRT, FREVS, ELME: Scaled Net Operating Assets Comparison

For the REIT - Residential subindustry, Apartment Investment & Management Co's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs REITs Industry

For the REITs industry and Real Estate sector, Apartment Investment & Management Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Apartment Investment & Management Co's Scaled Net Operating Assets falls into.


FRA:AIV
44GF Score
Apartment Investment & Management Co FRA:AIV
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Apartment Investment & Management Co Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Apartment Investment & Management Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(1093.839-221.552)/1868.849
=0.47

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1431.076 - 337.237
=1093.839

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=958.912 - 737.36 - 0
=221.552

Apartment Investment & Management Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(1046.222-222.722)/1431.076
=0.58

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1240.27 - 194.048
=1046.222

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=629.665 - 406.943 - 0
=222.722

* 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.

What does a Scaled Net Operating Assets of 0.58 mean?
Apartment Investment & Management Co (FRA:AIV) has a Scaled Net Operating Assets of 0.58 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Apartment Investment & Management Co and its competitors.
Is Apartment Investment & Management Co's Scaled Net Operating Assets too high?
Apartment Investment & Management Co's current Scaled Net Operating Assets is 0.58. 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 Scaled Net Operating Assets compare to BRT and FREVS?
Apartment Investment & Management Co's Scaled Net Operating Assets of 0.58 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a REITs company?
A good Scaled Net Operating Assets depends on the REITs industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Apartment Investment & Management Co and its competitors. Apartment Investment & Management Co's current Scaled Net Operating Assets is 0.58. 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 Scaled Net Operating Assets of 0.58. The stock's GF Value™ is €5.43, compared to a current price of €2.58 — trading 52.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.58. 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 Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Apartment Investment & Management Co (FRA:AIV), the current Scaled Net Operating Assets is 0.58 as of Mar. 2026. 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 €2.58 is trading 52.5% below its estimated GF Value™ of €5.43.

Key valuation signals for FRA:AIV:

  • Scaled Net Operating Assets: 0.58
  • GF Value™: €5.43 vs. price of €2.58 (52.5% below fair value)
  • GF Score™: 44/100 with 5 warning signs

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

Industry Real EstateREITs
Other Exchanges AIV:USAAIV:Germany
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. 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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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€2.58
Price
€5.43
GF Value