Growth Metrics

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

Apartment Investment & Management recorded quarterly Operating Expenses of $131.1 million in Q4 2025, up 33.79% quarter-over-quarter from $98.0 million in Q3 2025, and up 181.11% year-over-year from $46.6 million in Q4 2024.

Apartment Investment & Management's Operating Expenses history runs 12 years deep, the most recent figure standing at $131.1 million for Q4 2025.

  • In Q4 2025, Operating Expenses rose 181.11% year-over-year to $131.1 million; the TTM figure through Mar 2026 stood at $276.5 million (up 54.42% YoY), while the FY2025 annual figure was $308.1 million, up 73.05% from the prior year.
  • Operating Expenses came in at $131.1 million for Q4 2025 at Apartment Investment & Management, up 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 tumbled 70.04% in 2023 and surged 276.27% in 2024, its largest moves.
  • Apartment Investment & Management's Operating Expenses stood at $48.3 million in 2021, then retreated by 14.4% to $41.4 million in 2022, then sank by 70.04% to $12.4 million in 2023, then soared by 276.27% to $46.6 million in 2024, then jumped 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Avalonbay Communities 25.91 Bn 26.13 Bn - 623.23 Mn
2 Equity Residential 25.13 Bn 25.27 Bn - -1.66 Bn
3 Invitation Homes 17.75 Bn 17.79 Bn 694.98 Mn 654.71 Mn
4 Sun Communities 15.66 Bn 15.77 Bn 491.20 Mn 484.40 Mn
5 Mid America Apartment Communities 15.34 Bn 15.42 Bn 537.05 Mn 205.74 Mn
6 American Homes 4 Rent 13.60 Bn 14.17 Bn - 384.36 Mn
7 Udr 12.44 Bn 12.44 Bn 416.43 Mn 353.46 Mn
8 Equity Lifestyle Properties 12.31 Bn 12.37 Bn 393.79 Mn 285.25 Mn
9 Camden Property Trust 11.27 Bn 11.34 Bn - 140.07 Mn
10 Apartment Investment & Management 598.69 Mn 374.35 Mn - -

Historic Data

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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
Dec 31, 2020 57.37 Mn
Sep 30, 2020 36.00 Mn
Jun 30, 2020 35.98 Mn
Mar 31, 2020 36.46 Mn
Dec 31, 2019 7.73 Mn
Dec 31, 2014 178.37 Mn
Dec 31, 2013 177.71 Mn
Dec 31, 2011 233.25 Mn
Sep 30, 2011 229.78 Mn
Jun 30, 2011 220.15 Mn
Mar 31, 2011 230.11 Mn
Dec 31, 2010 239.14 Mn
Sep 30, 2010 230.30 Mn
Jun 30, 2010 230.47 Mn
Mar 31, 2010 236.45 Mn
Dec 31, 2009 182.20 Mn
Sep 30, 2009 268.20 Mn
Jun 30, 2009 258.71 Mn