Apartment Investment & Management (AIV) Land & Improvements (2019 - 2025)
Apartment Investment & Management (AIV) posted Land & Improvements of $199.2 million for Q4 2025, down 18.01% sequentially from $242.9 million in Q3 2025, and down 19.32% YoY from $246.9 million in Q4 2024.
Apartment Investment & Management (AIV) Land & Improvements (2019 - 2025) Analysis & Trends
Apartment Investment & Management has reported Land & Improvements for 7 years, with the latest figure at $199.2 million in Q4 2025.
- Quarterly Land & Improvements fell 19.32% year-over-year to $199.2 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $199.2 million (down 19.32% YoY) and the FY2025 annual result came in at $199.2 million, down 19.32% from the prior year.
- Land & Improvements eased to $199.2 million in Q4 2025 per AIV's latest filing, from $242.9 million in the prior quarter.
- Over five years, Land & Improvements peaked at $641.1 million in Q4 2022 and troughed at $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.
- The sharpest annual moves came in 2022 and 2025: Land & Improvements rose 19.99% in 2022, then sank 60.82% in 2025.
- Over 5 years, Land & Improvements stood at $534.3 million in 2021, then increased by 19.99% to $641.1 million in 2022, then fell by 3.16% to $620.8 million in 2023, then tumbled by 60.23% to $246.9 million in 2024, then retreated 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 | 26.11 Bn | 26.32 Bn | - | 5.01 Bn |
| 2 | Erp Operating Ltd Partnership | 23.87 Bn | 24.06 Bn | - | 5.52 Bn |
| 3 | Invitation Homes | 17.81 Bn | 17.81 Bn | 705.34 Mn | 4.92 Bn |
| 4 | Mid America Apartment Communities | 15.25 Bn | 15.12 Bn | 537.17 Mn | 2.18 Bn |
| 5 | Sun Communities | 14.88 Bn | 14.88 Bn | 460.10 Mn | 1.79 Bn |
| 6 | Equity Lifestyle Properties | 12.64 Bn | 12.64 Bn | 375.97 Mn | 4.93 Bn |
| 7 | American Homes 4 Rent | 12.38 Bn | 12.38 Bn | - | 2.45 Bn |
| 8 | Udr | 12.15 Bn | 12.15 Bn | 412.43 Mn | - |
| 9 | Camden Property Trust | 10.98 Bn | 10.98 Bn | - | - |
| 10 | Apartment Investment & Management | 367.97 Mn | 289.24 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |