Apartment Investment & Management (AIV) Operating Expenses (2009 - 2025)
Apartment Investment & Management's (AIV) quarterly Operating Expenses came in at $131.1 million in Q4 2025, up 181.11% year-over-year from $46.6 million in Q4 2024, and up 33.79% quarter-over-quarter from $98.0 million in Q3 2025.
Analysis
Apartment Investment & Management (AIV) Operating Expenses (2009 - 2025) Analysis & Trends
Apartment Investment & Management has disclosed Operating Expenses across 12 years of filings, most recently posting $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 Dec 2025 stood at $295.0 million (up 51.36% 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.
- Average Operating Expenses over 5 years is $54.4 million, with a median of $46.7 million recorded in 2024.
- Year-over-year, Operating Expenses tumbled 70.04% in 2023 and surged 276.27% in 2024.
- Over 5 years, Operating Expenses stood at $48.3 million in 2021, then fell by 14.4% to $41.4 million in 2022, then plunged by 70.04% to $12.4 million in 2023, then surged by 276.27% to $46.6 million in 2024, then soared by 181.11% to $131.1 million in 2025.
- Per Business Quant data, the three most recent Operating Expenses figures were $131.1 million in Q4 2025, $98.0 million in Q3 2025, and $32.5 million in Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vivmark Residential | 24.50 Bn | 24.69 Bn | - | 566.18 Mn |
| 2 | Invitation Homes | 16.77 Bn | 16.81 Bn | 705.34 Mn | 657.51 Mn |
| 3 | Mid America Apartment Communities | 14.88 Bn | 14.89 Bn | 537.17 Mn | 218.72 Mn |
| 4 | Sun Communities | 14.62 Bn | 14.69 Bn | 460.10 Mn | 434.40 Mn |
| 5 | Equity Lifestyle Properties | 12.11 Bn | 12.17 Bn | 375.97 Mn | 298.46 Mn |
| 6 | Udr | 11.68 Bn | 12.58 Bn | 412.43 Mn | 345.25 Mn |
| 7 | American Homes 4 Rent | 11.67 Bn | 12.34 Bn | - | 397.77 Mn |
| 8 | Camden Property Trust | 10.63 Bn | 10.70 Bn | - | 140.94 Mn |
| 9 | Avalonbay Communities | 9.67 Bn | 9.87 Bn | - | 636.04 Mn |
| 10 | Apartment Investment & Management | 366.85 Mn | 288.12 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 131.13 Mn |
| Sep 30, 2025 | 98.01 Mn |
| Jun 30, 2025 | 32.48 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 |