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| 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 |