Aimco – Company Information

Aimco, also known as the Apartment Investment and Management Company, is one of America’s leading operators of apartment communities, headquartered in Denver, Colorado.

The company’s main business operations are: Property Operations (owning and operating complete apartment communities), Redevelopment (the planning and designing of community renovations), Acquisitions/Dispositions, and Retail Leasing.

Aimco operates around 203 communities with 250,000 residents across 25 states in the US.

The company’s mission is “to consistently provide quality apartment homes in a respectful environment delivered by a team of people who care.”

The history of Aimco stems back to The Considine Company, founded by Terry Considine in 1975, and later changed its name to the Cairn Company. After acquiring McDermott and Stein & Ira the company became a leading fee management company.

In 1988 Cairn acquired the Florida based company Property Asset Management (P.A.M.). Two years later the entire company became known as Property Asset Management. P.A.M.

In 1994 P.A.M. officially became Apartment Investment and Management Company (Aimco), and went public on the New York Stock Exchange (NYSE) under the stock ticker symbol ‘AIV’.


Aimco logo

  • CEO and Chairman: Terry Considine
  • Industry: Real Estate
  • Type: Public
  • Listed on the New York Stock Exchange (NYSE)
  • NYSE stock symbol: AIV
  • S&P 500 Component
  • Founded: 1975
  • Founder: Terry Considine
  • Revenue: $984.363 million USD (2014)
  • Net income: $356.111 million USD (2014)
  • Earnings per share: $2.06 USD (2014)
  • Company head office: 4582 S. Ulster St., Suite 1100, Denver, CO 80237, USA
  • Employees: 1,693 (2014)
  • Website:
  • Investor relations contact number: 303.691.4350
  • Investor relations email: [email protected]

Aimco Financial Results, Years Ended December 2014

Revenue (in $ thousands)20142013
Rental and other property revenues$952,831$939,231
Tax credit and asset management revenues$31,532$34,822
– Total revenues$984,363$974,053
Expenses (in $ thousands)
Property operating expenses$373,316$375,672
Investment management expenses$7,310$4,341
Depreciation and amortization$282,608$291,910
Provision for real estate impairment losses$1,820$    –
General and administrative expenses$44,195$45,708
Other expense, net$12,764$7,403
– Total operating expenses$722,013$725,034
Income (in $ thousands)
Operating income$262,350$249,019
Income (loss) from continuing operations$67,475$34,596
Income from discontinued operations, net$     –$203,229
Net income$356,111$237,825
Net income attributable to Aimco$309,249$207,290
Balance sheet data (in $ thousands)
Total assets$6,097,028$6,079,413
Total liabilities$4,566,986$4,826,716
Total Aimco equity$1,227,735$967,457
Total equity$1,442,105$1,172,744
Common share data (in $)
Basic and diluted earnings per share$2.06$1.40
Cash flow data (in $ thousands)
Cash provided by operating activities$321,424$325,596
Cash used in investing activities$13,678$65,192
Cash provided by (used in) financing activities$(361,882)$(419,450)
Cash and cash equivalents at beginning of year$55,751$84,413
Cash and cash equivalents at end of year$28,971$55,751

Source: “Aimco Form 10-K 2014”