APARTMENT INVESTMENT & MANAGEMENT (AIV) Company Report

Apartment Investment and Management Company (Aimco) announced its Board of Directors has approved a Plan of Sale and Liquidation, which is subject to shareholder approval anticipated in early 2026.
The company estimates total per share distributions from the liquidation will be between $5.75 and $7.10. When combined with $2.85 per share in special dividends previously returned, the total estimated shareholder return is between $8.60 and $9.95 per share.
For the third quarter of 2025, Aimco reported net income attributable to common stockholders of $2.04 per share. Property Net Operating Income (NOI) from Stabilized Operating Properties was $11.6 million, representing a 3.4% decrease year-over-year.
Aimco completed the sale of its Boston portfolio for $740 million in September and October 2025, and the Brickell Assemblage is under contract for $520 million with closing targeted for December 2025. A $2.23 per share special cash dividend was paid on October 15, 2025.

Nov 10, 2025, 9:58 PM

Aimco Announces Plan of Sale and Liquidation, Reports Q3 2025 Results

AIV

M&A

Dividends

Guidance Update

Aimco announced the conclusion of its strategic review process and the Board's unanimous approval of a Plan of Sale and Liquidation, which will be sought for shareholder approval in early 2026.
The company estimates total per share liquidating distributions from remaining asset sales to be between $5.75 and $7.10. When combined with $2.85 per share in special dividends previously returned to shareholders since the 2020 spinoff, the total estimated distribution is between $8.60 and $9.95 per share.
For the third quarter ended September 30, 2025, Aimco reported net income attributable to common stockholders per share of $2.04. Property Net Operating Income (NOI) from Stabilized Operating Properties was $11.6 million, representing a 3.4% decrease year-over-year.
Aimco completed the sale of its Boston portfolio for a total of $740 million in September and October 2025 , and its Brickell Assemblage remains under contract to be sold for $520 million with closing targeted for December 2025.

Nov 10, 2025, 9:46 PM

Aimco Completes Partial Boston Portfolio Sale and Declares Special Dividend

AIV

M&A

Dividends

Accounting Changes

On September 9, 2025, Apartment Investment and Management Company (Aimco) completed the sale of four of five properties in its Boston Portfolio for $490 million in cash.
The remaining property in the Boston Portfolio is under contract for $250 million and is expected to close in the fourth quarter of 2025, with a $20 million non-refundable deposit received.
The company declared a special cash dividend of $2.23 per share on September 15, 2025, to be paid from the proceeds of the initial sale.
The Boston Portfolio will be classified as a discontinued operation beginning with the third quarter of 2025.

Sep 15, 2025, 9:19 PM

Aimco Completes Asset Sales and Declares Special Dividend

AIV

Dividends

M&A

Guidance Update

Aimco has completed the sale of four suburban Boston properties for $490 million.
The company's Board of Directors has declared a $2.23 per share special cash dividend, payable on October 15, 2025, to stockholders of record as of September 30, 2025.
With additional pending sales of $770 million (Royal Crest Estates, Nashua for $250 million and two Brickell, Miami assets for $520 million) expected to close in 2025, Aimco anticipates total dispositions of $1.26 billion for the year, generating approximately $785 million in net proceeds.
Aimco expects to return between $4.00 and $4.20 per share to stockholders in 2025 and pay off approximately $100 million of incremental debt.

Sep 15, 2025, 9:17 PM

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