Segment & Geographic Data
Quant-Grade Normalized (live API)
API & CSV Delivery
Apartment Investment And Management's Business Segments
Apartment Investment And Management's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q1 FY2026
Reportable Segments
3
Largest Segment
Redevelopmentand Development
Total Revenue
$ 6
Regions Reported
-
Revenue Share by Reportable Segment - Q1 FY2026
- Redevelopmentand Development46.1%
- Operating Portfolio Segment40.2%
- Other Real Estate6.9%
Revenue by Reportable Segment - Q1 FY2026
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Redevelopmentand Development | $ 3 | 46.1% |
| Operating Portfolio Segment | $ 2 | 40.2% |
| Other Real Estate | $ 0 | 6.9% |
Description of Apartment Investment And Management
Apartment Investment and Management Company, or Aimco, is a Maryland corporation
incorporated on January'10, 1994. We are a self-administered and self-managed
real estate investment trust, or REIT, engaged in the acquisition, ownership,
management and redevelopment of apartment properties.
Apartment Investment and Management Company (Aimco) operates in the multifamily real estate sector, focusing on both conventional and affordable housing. Its extensive portfolio encompasses diverse property types across a broad geographical landscape, allowing the company to leverage different markets efficiently. Below is an in-depth description of the key segments, products, and services that Aimco offers.
Property Operations
Aimcos property operations are divided into two principal segments: Conventional Operations and Aimco Capital, the latter focusing specifically on affordable housing properties.
1. Conventional Operations
Aimco’s conventional operations span across 15 Regional Operating Centers (ROCs), each led by a Regional Vice President (RVP). This organizational structure is designed to provide specialized oversight and localized operational leadership, enabling efficient management of the diverse portfolio.
Property Types
The conventional portfolio consists of various property types ranging from suburban garden-style apartments to urban high-rise complexes. Aimco manages properties primarily in the United States, including Puerto Rico and the District of Columbia, ensuring a broad geographical representation.
Rental Rates
The average monthly rental rates across Aimcos properties vary, with most units priced between $500 and $1,200. However, premium properties can reach monthly rents as high as $2,900, catering to different market segments.
Resident Selection and Retention
A key focus of Aimco’s operations is the acquisition and retention of financially stable residents. By establishing standardized financial stability criteria, Aimco seeks to reduce turnover costs and enhance community quality. This strategic decision emphasizes the importance of a harmonious living environment alongside the physical property itself.
Revenue Enhancement Strategies
Aimco employs several strategies to enhance revenue:
- Rent Increases and Occupancy Management: The company systematically analyzes its properties to determine opportunities for rent increases while proactively managing occupancy rates.
- Operational Automation: Investments in technology and automation streamline on-site operations, improving the accuracy of property performance data, ultimately leading to better management and leasing decisions.
- Employee Development: By emphasizing recruitment, training, and retention of high-quality on-site staff, Aimco aims to boost customer service levels, which in turn increases occupancy rates.
Expense Control
Aimco maintains rigorous cost-control measures by balancing local management at the ROC level with the corporate advantages of economies of scale. This dual approach allows the company to decrease operational costs while improving efficiencies across the portfolio.
Ancillary Services
Aimco maximizes its tenant base by offering ancillary services such as cable television, internet, appliance rentals, and storage space rentals, supplementing its primary rental income.
Aimco Capital
Aimco Capital was established to manage affordable housing properties, often supported by various forms of governmental assistance, including subsidies and tax credits. This segment organizes its operations similarly to conventional properties but is dedicated to the unique needs and requirements of affordable housing.
Affordable Housing Operations
Aimco Capital operates through its dedicated management team over four ROCs, focusing on maintaining compliance with regulations and managing its affordable portfolio effectively.
Revenue Generation
Alongside property management, Aimco Capital also engages in asset management for both its properties and external portfolios. This revenue stream includes compliance oversight, transaction activities like property dispositions, tax credit redevelopments, and refinancing.
Portfolio Management
Aimcos strategic portfolio management assesses properties based on their potential for long-term growth and stability. The company classifies its holdings into coreand
on-coreproperties.
Core Properties
Core properties are situated in high-demand markets expected to experience population and job growth. Aimco identifies three types of core markets:
- Preferred Markets: Typically coastal and characterized by high barriers to entry and income levels above national averages.
- Growth Markets: Usually located in sunbelt regions with anticipated above-average job growth.
- Stable Markets: Found in the Midwest, these areas have limited new construction and job growth.
The focus on core properties allows Aimco to enhance its income stability and investment performance.
Acquisitions and Dispositions
Aimco actively pursues acquisitions of properties in selected markets that align with its strategy of maintaining and improving its core portfolio. The company employs two principal acquisition methods:
1. Direct Acquisitions: Purchasing properties directly from sellers or through mergers.
2. Partnership Interests: Buying additional interests in partnerships where Aimco already holds a stake.
Dispositions of non-core properties also play a critical role in funding acquisitions and optimizing the overall investment strategy. By strategically selling off less desirable or underperforming assets, Aimco can reinvest in properties with better growth potential.
Reinvestment in Properties
Aimco believes that the continuous improvement of physical properties and amenities is vital in maintaining competitive rental rates. Investments in quality upgrades directly correlate with improved tenant satisfaction and retention, ultimately enhancing the companys financial performance.
In summary, Apartment Investment and Management Company employs a sophisticated approach to property operations, integrating conventional and affordable housing management through strategic regional oversight, robust operational systems, and a relentless focus on resident quality and revenue optimization. The detailed management strategies, including careful portfolio management and targeted reinvestments, position Aimco as a significant player in the multifamily housing sector.
Property Operations
Aimcos property operations are divided into two principal segments: Conventional Operations and Aimco Capital, the latter focusing specifically on affordable housing properties.
1. Conventional Operations
Aimco’s conventional operations span across 15 Regional Operating Centers (ROCs), each led by a Regional Vice President (RVP). This organizational structure is designed to provide specialized oversight and localized operational leadership, enabling efficient management of the diverse portfolio.
Property Types
The conventional portfolio consists of various property types ranging from suburban garden-style apartments to urban high-rise complexes. Aimco manages properties primarily in the United States, including Puerto Rico and the District of Columbia, ensuring a broad geographical representation.
Rental Rates
The average monthly rental rates across Aimcos properties vary, with most units priced between $500 and $1,200. However, premium properties can reach monthly rents as high as $2,900, catering to different market segments.
Resident Selection and Retention
A key focus of Aimco’s operations is the acquisition and retention of financially stable residents. By establishing standardized financial stability criteria, Aimco seeks to reduce turnover costs and enhance community quality. This strategic decision emphasizes the importance of a harmonious living environment alongside the physical property itself.
Revenue Enhancement Strategies
Aimco employs several strategies to enhance revenue:
- Rent Increases and Occupancy Management: The company systematically analyzes its properties to determine opportunities for rent increases while proactively managing occupancy rates.
- Operational Automation: Investments in technology and automation streamline on-site operations, improving the accuracy of property performance data, ultimately leading to better management and leasing decisions.
- Employee Development: By emphasizing recruitment, training, and retention of high-quality on-site staff, Aimco aims to boost customer service levels, which in turn increases occupancy rates.
Expense Control
Aimco maintains rigorous cost-control measures by balancing local management at the ROC level with the corporate advantages of economies of scale. This dual approach allows the company to decrease operational costs while improving efficiencies across the portfolio.
Ancillary Services
Aimco maximizes its tenant base by offering ancillary services such as cable television, internet, appliance rentals, and storage space rentals, supplementing its primary rental income.
Aimco Capital
Aimco Capital was established to manage affordable housing properties, often supported by various forms of governmental assistance, including subsidies and tax credits. This segment organizes its operations similarly to conventional properties but is dedicated to the unique needs and requirements of affordable housing.
Affordable Housing Operations
Aimco Capital operates through its dedicated management team over four ROCs, focusing on maintaining compliance with regulations and managing its affordable portfolio effectively.
Revenue Generation
Alongside property management, Aimco Capital also engages in asset management for both its properties and external portfolios. This revenue stream includes compliance oversight, transaction activities like property dispositions, tax credit redevelopments, and refinancing.
Portfolio Management
Aimcos strategic portfolio management assesses properties based on their potential for long-term growth and stability. The company classifies its holdings into coreand
on-coreproperties.
Core Properties
Core properties are situated in high-demand markets expected to experience population and job growth. Aimco identifies three types of core markets:
- Preferred Markets: Typically coastal and characterized by high barriers to entry and income levels above national averages.
- Growth Markets: Usually located in sunbelt regions with anticipated above-average job growth.
- Stable Markets: Found in the Midwest, these areas have limited new construction and job growth.
The focus on core properties allows Aimco to enhance its income stability and investment performance.
Acquisitions and Dispositions
Aimco actively pursues acquisitions of properties in selected markets that align with its strategy of maintaining and improving its core portfolio. The company employs two principal acquisition methods:
1. Direct Acquisitions: Purchasing properties directly from sellers or through mergers.
2. Partnership Interests: Buying additional interests in partnerships where Aimco already holds a stake.
Dispositions of non-core properties also play a critical role in funding acquisitions and optimizing the overall investment strategy. By strategically selling off less desirable or underperforming assets, Aimco can reinvest in properties with better growth potential.
Reinvestment in Properties
Aimco believes that the continuous improvement of physical properties and amenities is vital in maintaining competitive rental rates. Investments in quality upgrades directly correlate with improved tenant satisfaction and retention, ultimately enhancing the companys financial performance.
In summary, Apartment Investment and Management Company employs a sophisticated approach to property operations, integrating conventional and affordable housing management through strategic regional oversight, robust operational systems, and a relentless focus on resident quality and revenue optimization. The detailed management strategies, including careful portfolio management and targeted reinvestments, position Aimco as a significant player in the multifamily housing sector.