Apartment Investment | 10-Q: FY2025 Q3 Revenue: USD 35.13 M

LB filings
2025.11.10 22:18
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Revenue: As of FY2025 Q3, the actual value is USD 35.13 M.

EPS: As of FY2025 Q3, the actual value is USD 2.04.

EBIT: As of FY2025 Q3, the actual value is USD -50.38 M.

Development and Redevelopment Segment

  • Rental and Other Property Revenues: Increased to $7.6 million for the three months ended September 30, 2025, from $3.1 million in the same period in 2024, primarily due to the lease-up of Upton Place, Strathmore Square, and Oak Shore.
  • Property Operating Expenses: Increased to $3.3 million from $2.6 million in the same period in 2024.
  • Property Net Operating Income (PNOI): Increased to $4.3 million from $0.4 million in the same period in 2024.

Operating Segment

  • Rental and Other Property Revenues: Increased slightly to $18.2 million from $18.0 million in the same period in 2024.
  • Property Operating Expenses: Increased to $6.6 million from $5.9 million in the same period in 2024, primarily due to increased real estate taxes.
  • PNOI: Decreased to $11.6 million from $12.0 million in the same period in 2024.

Other Segment

  • Rental and Other Property Revenues: Increased to $2.0 million from $1.9 million in the same period in 2024.
  • Property Operating Expenses: Decreased to $1.8 million from $2.4 million in the same period in 2024.
  • PNOI: Increased to $0.2 million from a loss of $0.5 million in the same period in 2024.

Cash Flow

  • Net Cash Provided by Operating Activities: $22.4 million for the nine months ended September 30, 2025, a decrease from $46.2 million in the same period in 2024.
  • Net Cash Provided by Investing Activities: $401.8 million for the nine months ended September 30, 2025, compared to net cash used of $114.4 million in the same period in 2024, primarily due to proceeds from the sale of real estate.
  • Net Cash Used in Financing Activities: $171.8 million for the nine months ended September 30, 2025, compared to net cash provided of $39.3 million in the same period in 2024.

Future Outlook and Strategy

  • Core Business Focus: Aimco plans to focus on value-add and opportunistic investments in the U.S. multifamily sector, with a strategy to leverage its investment platform and optimize risk-adjusted returns for stockholders.
  • Non-Core Business: Aimco has proposed a Plan of Sale and Liquidation, subject to stockholder approval, which would involve the complete liquidation and dissolution of the company.
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