How does Apartment Investment and Management (AIV) make money?

Apartment Investment and Management (AIV) generates revenue primarily from Operating Portfolio Segment, which accounted for 73% of total revenue in TTM through Q1 2026. The company reported $122.53M in revenue and converted 452.1% of it into net profit, equivalent to roughly $554.01M in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Apartment Investment and Management (AIV)?

Apartment Investment and Management (AIV) reported a gross profit margin of 53.3% in TTM through Q1 2026, equivalent to $65.28M in gross profit on $122.53M in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Apartment Investment and Management (AIV)?

Apartment Investment and Management (AIV) reported an operating profit margin of -22.6% in TTM through Q1 2026, equivalent to −$27.66M in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Apartment Investment and Management (AIV)?

Apartment Investment and Management (AIV) reported a net profit margin of 452.1% in TTM through Q1 2026, equivalent to $554.01M in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Apartment Investment and Management (AIV) profitable?

Yes. Apartment Investment and Management (AIV) reported $554.01M in net income for TTM through Q1 2026, with a net profit margin of 452.1%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Apartment Investment and Management (AIV) spend on capital expenditures?

Apartment Investment and Management (AIV) spent $219.11M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 178.8% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Apartment Investment and Management (AIV) generate?

Apartment Investment and Management (AIV) generated −$211.02M in free cash flow during TTM through Q1 2026, a free-cash-flow margin of -172.2%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What are the main business segments of Apartment Investment and Management (AIV)?

Apartment Investment and Management (AIV) reports revenue across 3 reportable product segments, led by Operating Portfolio Segment at 73% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How Apartment Investment and Management Makes Money: 2026 Visual Revenue Map

Apartment Investment and Management (AIV) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported May 11, 2026).

Apartment Investment and Management discloses geographic revenue only in annual filings. to view the full breakdown.

Apartment Investment and Management (AIV) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Apartment Investment and Management (AIV) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Operating Portfolio Segment	$89.42M	73%
Redevelopmentand Development	$22.92M	18.7%
Other Real Estate	$10.19M	8.3%
Total	$122.53M	100%

Operating Portfolio Segment$89.42M
Redevelopmentand Development$22.92M
Other Real Estate$10.19M
Total$122.53M

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Apartment Investment and Management (AIV) reports revenue across 3 operating segments; the largest segment was Operating Portfolio Segment at 73%, followed by Redevelopmentand Development (18.7%) and Other Real Estate (8.3%).

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Data & methodology

Apartment Investment and Management (AIV) Key Financials

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Deep-dives across the income statement, cash flow, capital return, and valuation

Apartment Investment and Management (AIV) Income Statement Flow — TTM through Q1 2026

Apartment Investment and Management (AIV) Revenue by Product Segment — TTM through Q1 2026

Revenue Breakdown — TTM through Q1 2026

Frequently asked questions

+How does Apartment Investment and Management (AIV) make money?

+What is the gross profit margin of Apartment Investment and Management (AIV)?

+What is the operating profit margin of Apartment Investment and Management (AIV)?

+What is the net profit margin of Apartment Investment and Management (AIV)?

+Is Apartment Investment and Management (AIV) profitable?

+How much does Apartment Investment and Management (AIV) spend on capital expenditures?

+How much free cash flow does Apartment Investment and Management (AIV) generate?

+What are the main business segments of Apartment Investment and Management (AIV)?

Data & methodology

+What is a Sankey diagram?

+How is the data calculated?

+Where do segment and geographic numbers come from?

+When was this data last updated?

Apartment Investment and Management (AIV) Key Financials

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