Apartment Investment and Management Company (NYSE: AIV), Aimco, is what remained after the 2020 split that sent the stabilized portfolio to AIR Communities: the development arm, a handful of assets, and a strategy that has since become explicit value harvesting, selling projects and returning cash.
| Apartment Investment and Management (AIV) Snapshot | |
|---|---|
| Share Price (delayed) | $2.79 -0.18% |
| Market Cap | $403M |
| Annualized Dividend | $4.98 (Quarterly) |
| Dividend Yield | 177.86% |
| Sector | Residential ยท Development |
Market data updates automatically several times daily. Last price refresh: Jul 14, 2026.
Business Model
Aimco develops and monetizes: waterfront Miami towers, Denver and DC-area projects, built, leased, and sold, with proceeds flowing back through special distributions and buybacks under activist-influenced oversight. It is less an operating REIT than a development wind-down trading against its asset marks.
The Honest Risk Section
No regular dividend policy anchors the story, development timing and exit cap rates set the returns, and the end-state (full liquidation, platform sale, or reinvention) remains genuinely open. This grades as an asset-value special situation, and our framework grades operating payers higher than event bets by construction.
Frequently Asked Questions
Does AIV pay a regular dividend?
No regular policy; capital returns arrive as special distributions and buybacks as developments are sold, event-driven rather than income-scheduled.
How is AIV different from AIR Communities?
The 2020 split sent stabilized apartments to AIR (since taken private); AIV kept the development pipeline and has been monetizing it since.
Analysis reflects disclosures through Q1 2026. Live market data updates automatically. Independent research, not investment advice.