Aimco is a Real Estate Investment Trust focused on property development, redevelopment, and various other value-creating investment strategies, targeting the U.S. multifamily market. Aimco's mission is to make real estate investments where outcomes are enhanced through human capital and substantial value is created for investors, teammates, and the communities in which we operate. Aimco is traded on the New York Stock Exchange as AIV. For more information about Aimco, please visit our website www.aimco.com.
IPO Year: 1994
Exchange: NYSE
Website: aimco.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
7/31/2023 | Peer Perform | Wolfe Research |
SC 13G/A - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Subject)
SC 13D/A - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Subject)
SC 13G/A - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Subject)
SC 13G/A - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Subject)
SC 13G/A - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Subject)
SC 13D/A - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Subject)
SC 13G - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Subject)
SC 13G/A - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Subject)
SC 13G/A - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Subject)
SC 13G/A - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Subject)
4 - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Issuer)
Wolfe Research initiated coverage of Apartment Investment & Mgmt with a rating of Peer Perform
Applauds CEO Wes Powell and Aimco Board for $520 Million Brickell Assemblage Transaction and Expanding Ongoing Strategic Review Believes That Following Brickell Transaction an Immediate Sale Process for the Remainder of the Portfolio – Principally Comprised of Highly Sought After Stabilized Multifamily Assets – Represents the Best Path Forward for Aimco Sees 30% Upside to Current Share Price Given Net Asset Value of $11.50/Share and Believes Whole Company Transaction Could Be Entered into by Mid-2025 Today, Land & Buildings Investment Management, LLC (together with its affiliates, "Land & Buildings" or "L&B"), a significant shareholder of Apartment Investment and Management Co. (NYSE:
DENVER, Jan. 9, 2025 /PRNewswire/ -- As previously announced on December 30, 2024, Apartment Investment and Management Company ("Aimco" or the "Company") (NYSE:AIV) entered into an agreement to sell the properties located at 1001 Brickell Bay Drive and 1111 Brickell Bay Drive in Miami, Florida (together referred to as the "Brickell Assemblage") for a gross price of $520 million. The buyer has completed due diligence and has made a non-refundable deposit of $38 million. Aimco intends to return the majority of the net proceeds from the transaction, after accounting for the associated property-level debt and deferred tax liability, to shareholders.
DENVER, Dec. 19, 2024 /PRNewswire/ -- Apartment Investment and Management Company ("Aimco") (NYSE:AIV) announced today that it has successfully closed on the sale of its interest in two investments in the Edgewater neighborhood of Miami, Florida. Aimco's investment in the development site at 3333 Biscayne Boulevard and The Hamiton were sold during the fourth quarter of 2024 for a gross price of $204 million. At the time of closing Aimco retired $110 million of debt, previously carrying a weighted average rate of 8.6%, and received net proceeds of approximately $90 million. Aim
DENVER, Nov. 7, 2024 /PRNewswire/ -- Apartment Investment and Management Company ("Aimco") (NYSE:AIV) announced today third quarter results for 2024, updated 2024 guidance, and provided highlights on recent and planned activities. Financial Results and Highlights Aimco's net loss attributable to common stockholders per share, on a fully dilutive basis, was $(0.16) for the quarter ended September 30, 2024, as higher net contributions from multifamily property operations were offset by increases in interest expense and depreciation related to advancing and completing development
DENVER, Oct. 28, 2024 /PRNewswire/ -- Apartment Investment and Management Company ("Aimco") (NYSE:AIV) announced today that it plans to report 2024 third quarter results on Thursday, November 7, 2024, after the market closes. Aimco's earnings release will be available in the Investor Relations section of its website at investors.aimco.com. About Aimco Aimco is a diversified real estate company primarily focused on value add and opportunistic investments, targeting the U.S. multifamily sector. Aimco's mission is to make real estate investments where outcomes are enhanced throug
DENVER, Oct. 9, 2024 /PRNewswire/ -- Apartment Investment and Management Company ("Aimco") (NYSE:AIV) announced today that it is under agreement to sell, for $204 million, its interests in two real estate investments in the Edgewater neighborhood of Miami, Florida. The two investments include the recently completed redevelopment of a 276-unit waterfront apartment building, known as The Hamilton, and Aimco's partnership interest in a 2.8-acre development site at 3333 Biscayne Boulevard. The Hamilton, where Aimco completed the major redevelopment and lease-up during the fall of
Atlanta, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (NYSE:PDM) today announced that Robert E. Bowers, who has served as the Company's Chief Financial Officer (CFO) since 2007, will transition to an administrative role effective November 8th and Sherry L. Rexroad will succeed him. Ms. Rexroad brings approximately 30 years of experience in REITs and real estate, finance, and capital markets to the role, having most recently served as CFO of STORE Capital, a publicly traded net-lease REIT. Prior to that, she spent a decade at BlackRock Global Real Asset Securities as Global Head of Business Development as well as Co-Global Chief Investment Officer and Chair of the I
MIAMI, Sept. 16, 2024 /PRNewswire/ -- Apartment Investment and Management Company ("Aimco") (NYSE:AIV) today announced it has secured $56 million of preferred equity from leading investment firm Sixth Street for the development of a luxury water-front rental development, located at 560-640 NE 34th Street in Miami, Florida. Affiliates of Apollo (NYSE:APO) provided $172 million of senior construction financing to support the development. Aimco will serve as the developer and asset manager. The 38-story tower, adjacent to Aimco's recently completed redevelopment of The Hamilton, will include 114 luxury rental units, a highly tailored amenity package and ~7k square feet of ground floor retail
DENVER, Aug. 7, 2024 /PRNewswire/ -- Apartment Investment and Management Company ("Aimco") (NYSE:AIV) announced today second quarter results for 2024, updated guidance, and provided highlights on recent and planned activities. Financial Results and Highlights Aimco's net loss attributable to common stockholders per share, on a fully dilutive basis, was $(0.43) for the quarter ended June 30, 2024, due primarily to a non-cash impairment charge related to its passive equity investment in IQHQ.Second quarter 2024 revenue, expenses, and net operating income ("NOI") from Aimco's St
DENVER, July 25, 2024 /PRNewswire/ -- Apartment Investment and Management Company ("Aimco") (NYSE:AIV) announced today that it plans to report 2024 second quarter results on Wednesday, August 7, 2024, after the market closes. The Company's earnings release will be available in the Investor Relations section of its website at investors.aimco.com. About AimcoAimco is a diversified real estate company primarily focused on value add and opportunistic investments, targeting the U.S. multifamily sector. Aimco's mission is to make real estate investments where outcomes are enhanced t
8-K - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Filer)
8-K - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Filer)
8-K - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Filer)
11-K - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Filer)
8-K - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Filer)
ARS - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Filer)
DEFA14A - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Filer)
DEF 14A - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Filer)
8-K - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Filer)
8-K - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Filer)
4 - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Issuer)
4 - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Issuer)
4 - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Issuer)
4 - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Issuer)
4 - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Issuer)
4 - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Issuer)
4 - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Issuer)
4 - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Issuer)
4 - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Issuer)
4 - APARTMENT INVESTMENT & MANAGEMENT CO (0000922864) (Issuer)
Believes Company Has Still Not Done Enough to Address Substantial and Persistent Discount to NAV Urges Board to Immediately Begin a Full Process to Evaluate Alternatives to Maximize Shareholder Value Land & Buildings Investment Management, LLC (together with its affiliates, "Land & Buildings", "us" or "we"), a large shareholder of Apartment Investment and Management Company (NYSE:AIV) ("Aimco" or the "Company"), today issued an open letter to the Company's Board of Directors (the "Board"). The full letter is included below: Dear Members of the Board, As you know, Land & Buildings remains a large shareholder of Aimco and has continued to engage with the Company since the 2022 Annua
Apartment Investment and Management Company (NYSE:AIV) ("Aimco" or the "Company") today announced that it has appointed Sherry L. Rexroad to its Board of Directors, effective immediately. Ms. Rexroad has been appointed to Aimco's Audit, Compensation and Human Resources, Investment, and Nominating, Environmental, Social, and Governance Committees. Ms. Rexroad is a highly regarded executive and former institutional investor with 30 years of experience in REITs and real estate, finance and capital markets. She most recently served as Chief Financial Officer of STORE Capital, a publicly traded net-lease REIT. Prior to that she spent a decade at BlackRock Global Real Asset Securities as Global
Company has Delivered Superior Stockholder Returns Since Spin-Off in 2020, Materially Outperforming Peer Group, Real Estate Indices and Broader Market Indices New Aimco's Qualified and Experienced Director Nominees are Best-Suited to Continue Overseeing New Aimco's Strategy Land & Buildings is Fixated on Historical Issues and Decisions Made Prior to Reconstitution of the Board and Appointment of New Aimco Leadership Team Urges Stockholders to Use Universal WHITE Proxy Card to Vote "FOR ALL" Three of the Company's Nominees: Jay Paul Leupp, Michael A. Stein and R. Dary Stone Apartment Investment and Management Company (NYSE:AIV) ("Aimco" or the "Company"), today filed an investor presenta
Company Executing Clearly Defined Strategy Under New Board and Leadership Team Highlights Strong Track Record of Stockholder Returns Recommends FOR all three Company nominees for director Apartment Investment and Management Company (NYSE:AIV) ("Aimco" or the "Company"), today filed its preliminary proxy materials with the U.S. Securities and Exchange Commission ("SEC") in connection with the Company's 2022 Annual Meeting of Stockholders (the "Annual Meeting"). Highlights from the preliminary proxy filing include: Aimco has undergone a comprehensive transformation following the December 2020 spin-off of Apartment Income REIT Corp ("AIR") Aimco's new post-spin majority-independent and r
DENVER--(BUSINESS WIRE)--Apartment Investment and Management Company (NYSE: AIV) (“Aimco”) confirmed that it received a conditional non-binding indication of interest to purchase Aimco. Aimco announced that its board of directors unanimously determined the proposal is grossly inadequate and not in the best interest of Aimco and its stockholders, and that Aimco will proceed with the previously announced separation of Aimco and Apartment Income REIT Corp. (“AIR”). Aimco further stated that it does not intend to make any additional comments on this matter unless and until it deems further disclosure is required. As previously announced, the expected separation of AIR from Aimco throug
DENVER, Jan. 9, 2025 /PRNewswire/ -- As previously announced on December 30, 2024, Apartment Investment and Management Company ("Aimco" or the "Company") (NYSE:AIV) entered into an agreement to sell the properties located at 1001 Brickell Bay Drive and 1111 Brickell Bay Drive in Miami, Florida (together referred to as the "Brickell Assemblage") for a gross price of $520 million. The buyer has completed due diligence and has made a non-refundable deposit of $38 million. Aimco intends to return the majority of the net proceeds from the transaction, after accounting for the associated property-level debt and deferred tax liability, to shareholders.
DENVER, Dec. 19, 2024 /PRNewswire/ -- Apartment Investment and Management Company ("Aimco") (NYSE:AIV) announced today that it has successfully closed on the sale of its interest in two investments in the Edgewater neighborhood of Miami, Florida. Aimco's investment in the development site at 3333 Biscayne Boulevard and The Hamiton were sold during the fourth quarter of 2024 for a gross price of $204 million. At the time of closing Aimco retired $110 million of debt, previously carrying a weighted average rate of 8.6%, and received net proceeds of approximately $90 million. Aim
Apartment Investment and Management Company ("Aimco") (NYSE:AIV) announced today that it plans to report second quarter results for 2022 on August 4, 2022, after the market closes. The Company's earnings release will be available in the Investor Relations section of its website at investors.aimco.com. About Aimco Aimco is a diversified real estate company primarily focused on value add, opportunistic, and alternative investments, targeting the U.S. multifamily sector. Aimco's mission is to make real estate investments where outcomes are enhanced through its human capital so that substantial value is created for investors, teammates, and the communities in which we operate. Aimco is traded
(NYSE:AIV) - Apartment Investment and Management Company ("Aimco") today announced that its Board of Directors updated the existing share repurchase authorization and declared a special cash dividend of $0.02 per share. The existing share repurchase authorization has been updated from 10 million shares to 15 million shares. With this authorization, Aimco may purchase its Class A common shares from time to time with the amount and timing of purchases dependent upon a number of factors, including the price and availability of shares, trading volume, and general market conditions. The authorization has no time limit and may be suspended or discontinued at any time. The special cash dividend
Apartment Investment and Management Company ("Aimco") (NYSE:AIV) announced today that it plans to report first quarter results for 2022 on May 9, 2022, after the market closes. The Company's earnings release will be available in the Investor Relations section of its website at investors.aimco.com. About Aimco Aimco is a diversified real estate company primarily focused on value add, opportunistic, and alternative investments, targeting the U.S. multifamily sector. Aimco's mission is to make real estate investments where outcomes are enhanced through its human capital so that substantial value is created for investors, teammates, and the communities in which we operate. Aimco is traded on
Apartment Investment and Management Company ("Aimco") (NYSE:AIV) announced today that it plans to report fourth quarter results for 2021 on March 1, 2022, after market close. In advance of reporting full year and fourth quarter results, we are providing the following summary of Aimco's recent accomplishments along with plans and goals for 2022. Wes Powell, Aimco President and Chief Executive Officer, comments: "Aimco experienced a successful and highly productive 2021 and the new year is off to a strong start. The Aimco team advanced its active development and redevelopment projects, which are producing favorable results; added meaningfully to its investment pipeline by sourcing opportuni
Apartment Investment and Management Company ("Aimco") (NYSE:AIV) announced today second quarter results for 2021. Wes Powell, Aimco President and Chief Executive Officer, comments: "The fundamentals of the apartment market have largely recovered from the impacts of 2020 and investor demand for multifamily properties is strong. Aimco's experienced team, diversified portfolio and pipeline of future opportunities have us well positioned for growth. Results within our stabilized operating portfolio are accelerating, our active development projects are on track to create significant value for shareholders, and our pipeline is steadily expanding... having recently secured new investment opportun
Apartment Investment and Management Company ("Aimco") (NYSE:AIV) announced today first quarter results for 2021. Wes Powell, Aimco President and Chief Executive Officer, comments: "The first three months of 2021 have proven highly productive with Aimco now well positioned for growth as a premier real estate developer and investor. Aimco's strategy, focused on long-term value creation, is being put to work and we are on track to produce superior results. Broadly, demand for housing remains robust, supply in many U.S. markets is relatively constrained, and the economy is improving rapidly. Aimco teams across the country are utilizing their deep relationships and creativity to source and devi
DENVER--(BUSINESS WIRE)--Apartment Investment and Management Company (“Aimco”) (NYSE: AIV) today filed with the United States Securities and Exchange Commission (“SEC”) its 2020 Annual Report on Form 10-K containing financial performance results and management discussion. A copy of the filing can be found on the SEC’s EDGAR online database and in the SEC Filings section on Aimco’s website: investors.aimco.com. As previously announced, on December 15, 2020, Aimco completed the separation of Apartment Income REIT Corp. (“AIR”) from Aimco, creating two distinct, independent businesses. President and Chief Executive Officer Wes Powell comments: “Aimco is off to a solid start. Teams ac
DENVER--(BUSINESS WIRE)--Apartment Investment and Management Company ("Aimco") (NYSE: AIV) announced today the 2020 dividend allocation for federal income tax purposes for its Class A Common Stock. Aimco’s tax return for the year ended December 31, 2020 has not yet been filed. As a result, the income tax character for the distributions shown below has been calculated using the best available information as of the date of this release. Please note that federal tax laws affect taxpayers differently, and the information in this release is not intended as advice to shareholders as to how dividends should be reported on their tax returns. Also note that state and local taxation of real e