Apartment Investment & Management (AIV) Operating Expenses (2009 - 2025)
Apartment Investment & Management (AIV) posted Operating Expenses of $131.1 million for Q4 2025, up 33.79% sequentially from $98.0 million in Q3 2025, and up 181.11% YoY from $46.6 million in Q4 2024.
Apartment Investment & Management (AIV) Operating Expenses (2009 - 2025) Analysis & Trends
Apartment Investment & Management has reported Operating Expenses for 12 years, with the latest figure at $131.1 million in Q4 2025.
- Quarterly Operating Expenses rose 181.11% year-over-year to $131.1 million in Q4 2025, while the trailing twelve-month figure through Mar 2026 was $276.5 million (up 54.42% YoY) and the FY2025 annual result came in at $308.1 million, up 73.05% from the prior year.
- Operating Expenses advanced to $131.1 million in Q4 2025 per AIV's latest filing, from $98.0 million in the prior quarter.
- Over five years, Operating Expenses peaked at $131.1 million in Q4 2025 and troughed at $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.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses plunged 70.04% in 2023, then soared 276.27% in 2024.
- Over 5 years, Operating Expenses stood at $48.3 million in 2021, then decreased by 14.4% to $41.4 million in 2022, then slumped 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.
- According to Business Quant data, Operating Expenses over the past three periods registered $131.1 million, $98.0 million, and $47.4 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 26.11 Bn | 26.32 Bn | - | 636.04 Mn |
| 2 | Erp Operating Ltd Partnership | 23.87 Bn | 24.06 Bn | - | 566.18 Mn |
| 3 | Invitation Homes | 17.95 Bn | 17.95 Bn | 705.34 Mn | 657.51 Mn |
| 4 | Mid America Apartment Communities | 15.37 Bn | 15.25 Bn | 537.17 Mn | 218.72 Mn |
| 5 | Sun Communities | 14.95 Bn | 14.95 Bn | 460.10 Mn | 434.40 Mn |
| 6 | Equity Lifestyle Properties | 12.69 Bn | 12.69 Bn | 375.97 Mn | 298.46 Mn |
| 7 | American Homes 4 Rent | 12.40 Bn | 12.40 Bn | - | 397.77 Mn |
| 8 | Udr | 12.18 Bn | 12.18 Bn | 412.43 Mn | 345.25 Mn |
| 9 | Camden Property Trust | 11.06 Bn | 11.06 Bn | - | 140.94 Mn |
| 10 | Apartment Investment & Management | 367.27 Mn | 288.54 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |