Growth Metrics

Apartment Investment & Management (AIV) Land & Improvements (2019 - 2025)

Apartment Investment & Management recorded quarterly Land & Improvements of $199.2 million in Q4 2025, down 18.01% quarter-over-quarter from $242.9 million in Q3 2025, and down 19.32% year-over-year from $246.9 million in Q4 2024.

Apartment Investment & Management's Land & Improvements history runs 7 years deep, the most recent figure standing at $199.2 million for Q4 2025.

  • In Q4 2025, Land & Improvements fell 19.32% year-over-year to $199.2 million; the TTM figure through Dec 2025 stood at $199.2 million (down 19.32% YoY), while the FY2025 annual figure was $199.2 million, down 19.32% from the prior year.
  • Land & Improvements came in at $199.2 million for Q4 2025 at Apartment Investment & Management, down from $242.9 million in the prior quarter.
  • In the past five years, Land & Improvements ranged from a high of $641.1 million in Q4 2022 to a low of $199.2 million in Q4 2025.
  • A 5-year average of $521.7 million and a median of $588.1 million in 2022 frame the typical range for Land & Improvements.
  • Across the five-year window, Land & Improvements increased 19.99% in 2022 and plunged 60.82% in 2025, its largest moves.
  • Apartment Investment & Management's Land & Improvements stood at $534.3 million in 2021, then grew by 19.99% to $641.1 million in 2022, then declined by 3.16% to $620.8 million in 2023, then slumped by 60.23% to $246.9 million in 2024, then fell by 19.32% to $199.2 million in 2025.
  • According to Business Quant data, Land & Improvements over the past three periods registered $199.2 million, $242.9 million, and $397.8 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Land & Improvements (Qtr)
1 Avalonbay Communities 25.91 Bn 26.13 Bn - 4.99 Bn
2 Equity Residential 25.13 Bn 25.27 Bn - 5.56 Bn
3 Invitation Homes 17.75 Bn 17.79 Bn 694.98 Mn 4.96 Bn
4 Sun Communities 15.66 Bn 15.77 Bn 491.20 Mn 3.49 Bn
5 Mid America Apartment Communities 15.34 Bn 15.42 Bn 537.05 Mn 2.13 Bn
6 American Homes 4 Rent 13.60 Bn 14.17 Bn - -
7 Udr 12.44 Bn 12.44 Bn 416.43 Mn -
8 Equity Lifestyle Properties 12.31 Bn 12.37 Bn 393.79 Mn 4.83 Bn
9 Camden Property Trust 11.27 Bn 11.34 Bn - 1.78 Bn
10 Apartment Investment & Management 598.69 Mn 374.35 Mn - -

Historic Data

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DateValue
Dec 31, 2025 199.19 Mn
Sep 30, 2025 242.93 Mn
Jun 30, 2025 397.77 Mn
Mar 31, 2025 397.97 Mn
Dec 31, 2024 246.88 Mn
Sep 30, 2024 620.03 Mn
Jun 30, 2024 620.25 Mn
Mar 31, 2024 620.49 Mn
Dec 31, 2023 620.82 Mn
Sep 30, 2023 638.01 Mn
Jun 30, 2023 638.66 Mn
Mar 31, 2023 640.89 Mn
Dec 31, 2022 641.10 Mn
Sep 30, 2022 639.27 Mn
Jun 30, 2022 601.76 Mn
Mar 31, 2022 574.43 Mn
Dec 31, 2021 534.29 Mn
Sep 30, 2021 534.09 Mn
Jun 30, 2021 518.95 Mn
Mar 31, 2021 506.97 Mn
Dec 31, 2020 505.15 Mn
Dec 31, 2019 447.88 Mn