Operating Portfolio was Apartment Investment & Management’s largest segment in fiscal 2025, bringing in $72.52M of $138.49M (52%).
| Segment | FY 2009 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2018 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Conventional Real Estate | — | — | — | — | |||||||
| Conventional | — | — | — | — | |||||||
| Corporate Nonsegment & Other Reconciling Items | — | — | — | — | |||||||
| Affordable Real Estate | — | — | — | — | |||||||
| Affordable[Member] | — | — | — | — | |||||||
| Operating Portfolio | $124.44M | $69.27M | $71.69M | $72.52M | |||||||
| Proportionate Adjustments | — | — | — | — | |||||||
| Corporate & Other Assets | — | — | — | — | |||||||
| Corporate Non-Segment | $58.57M | $43.32M | $44.06M | $24.71M | |||||||
| Development | — | $109.00K | $9.85M | $27.52M | |||||||
| Other | — | $2.69M | $6.69M | $7.55M | |||||||
| Segment Reconciling Items | $7.31M | $4.54M | $5.41M | $6.18M | |||||||
| Development & Redevelopment | $24.00K | — | — | — | |||||||
| Total | $190.34M | $119.93M | $137.70M | $138.49M |
Apartment Investment & Management brought in $138.49M from its five segments in fiscal 2025, the year ended December 31, 2025. That was up 0.6% from $137.70M in fiscal 2024. Operating Portfolio was the largest at $72.52M (52.4%), ahead of Development at $27.52M (19.9%) and Corporate Non-Segment at $24.71M (17.8%). The other two segments brought in $13.74M combined.
Compared with fiscal 2024, Development grew fastest, up 179.3% to $27.52M, while Corporate Non-Segment fell the most, down 43.9% to $24.71M.
Apartment Investment & Management began breaking out Development in fiscal 2023, when it brought in $109.00K. Apartment Investment & Management stopped reporting Development & Redevelopment as a separate segment after fiscal 2022, when it brought in $24.00K.
Apartment Investment & Management (AIV) reports its revenue by segment. In fiscal 2025, Operating Portfolio was its largest segment, bringing in $72.52M (52.4% of the total), followed by Development at $27.52M (19.9%).
Operating Portfolio was Apartment Investment & Management's largest segment in fiscal 2025, bringing in $72.52M, or 52.4% of the $138.49M total across its five segments.
Among Apartment Investment & Management's segments that make up at least 2% of revenue, Development grew fastest in fiscal 2025, up 179.3% from $9.85M to $27.52M.
Every figure comes from Apartment Investment & Management's annual financial filings, as reported. Each line keeps the name Apartment Investment & Management gives it, and years follow its fiscal calendar.
Apartment Investment & Management's revenue by segment goes back to fiscal 2009, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.