Aimco Reports Q4 and Full Year 2024 Financial Results, Sets 2025 Guidance
Denver, CO – February 24, 2025
Apartment Investment and Management Company (Aimco) (NYSE: AIV) recently disclosed its financial results for the fourth quarter and the full year that ended on December 31, 2024. The company reported a net loss attributable to common stockholders per share on a fully diluted basis of $(0.08) for the quarter and $(0.75) for the year.
Financial Details
Aimco’s revenue for the fourth quarter was $1.03 billion, representing a 3.6% increase compared to the same period in the previous year. For the full year 2024, the company’s revenue amounted to $4.13 billion, up by 4.1% year-over-year. The net loss for the quarter was $(46.6) million, while the net loss for the year was $(161.2) million.
Impact on Shareholders
The reported net loss for the year has caused a significant decline in Aimco’s stock price. On the day following the announcement, the stock price dropped by approximately 8%, which could result in a loss for shareholders who held the stock during that time. However, it’s important to note that the stock market is subject to various influences, and this decline may not be solely attributed to Aimco’s financial results.
Impact on the Apartment Industry
Aimco’s financial performance could have a ripple effect on the broader apartment industry. As one of the largest apartment REITs (Real Estate Investment Trusts), Aimco’s financial struggles might indicate broader challenges in the apartment market, such as increased competition, higher operating costs, or decreased demand. However, it’s essential to remember that one company’s performance does not necessarily represent the entire industry’s situation.
2025 Guidance
Despite the financial losses in 2024, Aimco remains optimistic about its future. The company announced its 2025 guidance, with FFO (Funds From Operations) per diluted share expected to be between $3.60 and $3.75. This guidance reflects the company’s confidence in its ability to recover from the losses and continue generating strong cash flows.
- Net Loss: $(0.08) for Q4 2024, $(0.75) for FY 2024
- Revenue: $1.03 billion for Q4 2024, $4.13 billion for FY 2024
- Impact on Shareholders: Stock price decline of approximately 8%
- Impact on the Apartment Industry: Potential challenges in the broader apartment market
- 2025 Guidance: FFO per diluted share between $3.60 and $3.75
In conclusion, Aimco’s fourth quarter and full year 2024 financial results showed a net loss for the year, causing a decline in the company’s stock price and raising concerns about the broader apartment industry. However, the company remains optimistic about its future, as indicated by its 2025 guidance. It’s crucial for investors and industry observers to closely monitor the apartment market and individual companies’ performance to better understand the trends and potential impacts on their investments.
