Apartment Investment & Management Co. (AIV)

Index:

S&P 500

$ 8.33
   
  • Change Today:
    $0.13
  • 52 Week High: $9.38
  • 52 Week Low: $7.24
  • Currency: US Dollars
  • Shares Issued: 148.88m
  • Volume: 395,933
  • Market Cap: $1,240.21m
  • RiskGrade: 195
  • Beta: 0.62

Fundamentals - based on IFRS

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Income Statement 31-Dec-19 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15
Continuing Operations          
Revenue 914.29 972.41 1,005.44 995.85 956.95
Operating Profit/(Loss) 156.77 215.76 193.98 (284.63) 256.21
Profit Before Tax 504.89 703.58 316.24 464.43 63.87
Profit After Tax 508.03 716.60 347.08 483.27 91.39
           
Earnings per Share - Basic 391.27¢ 537.44¢ 250.21¢ 342.12¢ 194.04¢
Earnings per Share - Adjusted 391.27¢ 537.44¢ 250.21¢ 340.85¢ 194.04¢
           
Dividend per Share 193.16¢ 194.04¢ 183.83¢ 168.51¢ 150.64¢
  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Balance Sheet 31-Dec-19 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15
Assets          
Non-Current Assets          
Property, Plant & Equipment 6,019.31 5,723.48 5,405.40 5,755.41 5,529.46
Intangible Assets n/a n/a n/a n/a n/a
Other Non-Current Assets n/a n/a n/a n/a n/a
  6,019.31 5,723.48 5,405.40 5,755.41 5,529.46
Current Assets          
Inventories n/a n/a n/a n/a n/a
Cash at Bank & in Hand 142.90 36.86 60.50 61.24 50.79
Other Current Assets n/a n/a n/a n/a n/a
  142.90 36.86 60.50 61.24 50.79
           
Other Assets 666.53 429.67 613.15 416.17 538.43
Total Assets 6,828.74 6,190.00 6,079.04 6,232.82 6,118.68
Current Liabilities          
Borrowings n/a n/a n/a n/a n/a
Other Current Liabilities n/a n/a n/a n/a n/a
           
Current Liabilities n/a n/a n/a n/a n/a
           
Net Current Assets c142.90 c36.86 c60.50 c61.24 c50.79
           
Borrowings 4,505.59 4,075.67 4,088.91 3,884.63 3,849.14
Other Non-Current Liabilities n/a n/a n/a n/a n/a
Non-Current Liabilities 4,505.59 4,075.67 4,088.91 3,884.63 3,849.14
           
Other Liabilities 360.57 249.41 232.84 300.02 417.71
Total Liabilities 4,866.16 4,325.07 4,321.75 4,184.65 4,266.85
           
Net Assets 1,962.57 1,864.93 1,757.29 2,048.17 1,851.83
           
Shareholders Funds 1,780.65 1,699.42 1,663.14 1,793.90 1,622.39
           
Minority Interests/Other Equity 181.93 165.51 94.15 254.26 229.44
Total Equity 1,962.57 1,864.93 1,757.29 2,048.17 1,851.83
Cash Flow 31-Dec-19 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15
Net Cash Flow From Operating Activities 374.47 396.39 392.07 377.72 359.89
Net Cash Flow from Investing Activities (205.41) 121.85 13.02 (97.77) (170.90)
Net Cash Flow from Financing Activities (63.95) (588.18) (393.70) (269.50) (167.18)
Net Increase/Decrease In Cash 105.11 (69.95) 11.39 10.45 21.82
Ratios - based on IFRS 31-Dec-19 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15
Continuing Operations          
PE Ratio - Adjusted 16.3 10.4 22.3 17.0 n/a
PEG - Adjusted n/a 0.1 n/a 0.2 n/a
Earnings per Share Growth - Adjusted -27% 115% -27% 76% -26%
Dividend Cover 2.03 2.77 1.36 2.02 1.29
Revenue per Share 614.09¢ 653.13¢ 675.31¢ 668.88¢ 642.75¢
Pre-Tax Profit per Share 339.12¢ 472.56¢ 212.41¢ 311.94¢ 42.90¢
Operating Margin 17.15% 22.19% 19.29% (28.58%) 26.77%
Return on Capital Employed 7.81% 11.84% 5.41% 7.83% 1.12%
           
Dividend Yield 3.0% 3.5% 3.3% 2.9% 0.0%
Dividend per Share Growth (0.45%) 5.56% 9.09% 11.86% 13.46%
Operating Cash Flow per Share 251.52¢ 266.24¢ 263.34¢ 253.70¢ 241.72¢
Cash Incr/Decr per Share 70.60¢ (46.98¢) 7.65¢ 7.02¢ 14.65¢
Net Asset Value per Share (exc. Intangibles) 1,318.18¢ 1,252.60¢ 1,180.30¢ 1,375.67¢ 1,243.80¢
Net Gearing 245.01% 237.66% 242.22% 213.13% 234.12%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Forecast figures based on normalised accounts.

 

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