Apartment Investment & Management (AIV) Operating Expenses (2009 - 2025)

Apartment Investment & Management (AIV) reported Operating Expenses of $131.1 million for Q4 2025, up 181.11% on a YoY basis from $46.6 million in Q4 2024, and up 33.79% sequentially from $98.0 million in Q3 2025.

Apartment Investment & Management (AIV) Operating Expenses (2009 - 2025) Analysis & Trends

Apartment Investment & Management (AIV) has 12 years of Operating Expenses data on file, last reported at $131.1 million in Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses rose 181.11% year-over-year to $131.1 million; the trailing twelve-month figure through Mar 2026 stood at $276.5 million (up 54.42% YoY), and the FY2025 full-year result was $308.1 million, up 73.05% from the prior year.
  • Operating Expenses advanced to $131.1 million in Q4 2025, from $98.0 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $131.1 million in Q4 2025 to a low of $12.4 million in Q4 2023.
  • A 5-year average of $55.2 million and a median of $47.1 million in 2024 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses slumped 70.04% in 2023 and jumped 276.27% in 2024, its largest moves.
  • Tracing AIV's Operating Expenses over 5 years: stood at $48.3 million in 2021, then declined by 14.4% to $41.4 million in 2022, then tumbled by 70.04% to $12.4 million in 2023, then jumped by 276.27% to $46.6 million in 2024, then surged by 181.11% to $131.1 million in 2025.
  • Business Quant data shows AIV's Operating Expenses at $131.1 million in Q4 2025, $98.0 million in Q3 2025, and $47.4 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Avalonbay Communities 26.48 Bn 26.48 Bn - 623.23 Mn
2 Equity Residential 25.80 Bn 25.80 Bn - -1.66 Bn
3 Invitation Homes 18.05 Bn 18.05 Bn 694.98 Mn 654.71 Mn
4 Mid America Apartment Communities 15.67 Bn 15.54 Bn 537.05 Mn 205.74 Mn
5 Sun Communities 14.96 Bn 14.96 Bn 491.20 Mn 484.40 Mn
6 Udr 13.01 Bn 12.98 Bn 416.43 Mn 353.46 Mn
7 Equity Lifestyle Properties 12.85 Bn 12.85 Bn 378.95 Mn 285.25 Mn
8 American Homes 4 Rent 12.22 Bn 12.22 Bn - 401.95 Mn
9 Camden Property Trust 11.94 Bn 11.94 Bn - 140.07 Mn
10 Apartment Investment & Management 371.48 Mn 147.15 Mn - -

Historic Data

Download Data
DateValue
Dec 31, 2025 131.13 Mn
Sep 30, 2025 98.01 Mn
Jun 30, 2025 47.35 Mn
Mar 31, 2025 33.37 Mn
Dec 31, 2024 46.65 Mn
Sep 30, 2024 46.78 Mn
Jun 30, 2024 52.24 Mn
Mar 31, 2024 49.22 Mn
Dec 31, 2023 12.40 Mn
Sep 30, 2023 44.33 Mn
Jun 30, 2023 43.70 Mn
Mar 31, 2023 42.18 Mn
Dec 31, 2022 41.39 Mn
Sep 30, 2022 113.70 Mn
Jun 30, 2022 63.53 Mn
Mar 31, 2022 51.81 Mn
Dec 31, 2021 48.35 Mn
Sep 30, 2021 48.73 Mn
Jun 30, 2021 44.43 Mn
Mar 31, 2021 43.97 Mn