Apartment Investment & Management (AIV) Land & Improvements (2019 - 2025)
Apartment Investment & Management (AIV) reported Land & Improvements of $199.19 million for Q4 2025, down 19.3% from $246.88 million a year earlier and down 18.0% from the prior quarter.
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Analysis
Apartment Investment & Management (AIV) Land & Improvements (2019 - 2025) Analysis & Trends
Dating back to Q4 2019, Apartment Investment & Management's Land & Improvements record includes 22 quarters.
- Land & Improvements has declined for three consecutive years, with a five-year compound annual growth rate of -17.0% (FY2020 to FY2025).
- By year, Land & Improvements came in at $246.88 million in FY2024 (-60.2%), $620.82 million in FY2023 (-3.2%), $641.1 million in FY2022 (+20.0%) and $534.29 million in FY2021 (+5.8%).
- The Q4 2025 figure ranks as the lowest quarterly Land & Improvements in data going back to Q4 2019.
- Year over year, Land & Improvements has now declined in each of the last ten quarters, with an average decline of 27.6% over the last eight quarters.
- The high point for year-over-year Land & Improvements in five years was Q4 2022 (growth of 20.0%); the low point was Q3 2025 (a decline of 60.8%).
- Per Business Quant data, the three quarters before Q4 2025 came in at $242.93 million (Q3 2025), $397.77 million (Q2 2025) and $397.97 million (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Land & Improvements (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 166.01 Bn | 148.52 Bn | 1.39 Bn | 7.24 Bn |
| 2 | Prologis | 121.16 Bn | 125.55 Bn | - | - |
| 3 | Simon Property | 65.49 Bn | 66.75 Bn | - | - |
| 4 | Realty Income | 51.38 Bn | 53.76 Bn | - | 18.91 Bn |
| 5 | Public Storage | 49.67 Bn | 48.75 Bn | - | 6.00 Bn |
| 6 | Ventas | 43.61 Bn | 42.81 Bn | - | 3.26 Bn |
| 7 | Extra Space Storage | 27.79 Bn | 27.79 Bn | 642.43 Mn | 5.15 Bn |
| 8 | Vici Properties | 25.29 Bn | 23.41 Bn | 1.05 Bn | - |
| 9 | Vivmark Residential | 22.78 Bn | 22.97 Bn | - | 5.52 Bn |
| 10 | Apartment Investment & Management | 285.17 Mn | -817.16 Mn | - | - |
Historic Data
Download Data
Historic 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 |
API Access
Apartment Investment & Management Land & Improvements API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=land-and-improvements&ticker=AIV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "land-and-improvements", "ticker": "AIV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=land-and-improvements&ticker=AIV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();