AIVApartment Investment and Management Company

$616M

Q2 2023 Earnings

Real Estate REIT - Residential

Income Statement

Revenue

$46M-10.0% YoY

Gross Profit

$27M58.9% margin

Operating Income

$19M41.6% margin

Net Income

-$4M-7.9% margin

EPS (Diluted)

$-0.03

QoQ Revenue Growth

+2.8%

Cash Flow

Operating Cash Flow

$12M

Free Cash Flow

-$53M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$2.2B

Total Liabilities

$1.4B

Stockholders' Equity

$522M

Cash & Equivalents

$165M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$46M	$51M	-10.0%
Gross Profit	$27M	$31M	-13.3%
Operating Income	$19M	$22M	-13.9%
Net Income	-$4M	$239M	-101.5%

Revenue Segments

Operating Portfolio Segment

$37M84%

Redevelopmentand Development

$4M8%

Other Real Estate

$3M8%

AIV Q2 2023 Earnings — Apartment Investment and Management Company Revenue & Financial Results | Market Cap Arena