Apartment Investment and Management Company
AIV Real Estate Reit Residential
In the quarter to December 2025, revenue fell 272.0%, EPS grew 2,750.0%, free cash flow grew 226.4% and total debt fell 11.0%, each against the same quarter a year earlier.
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Apartment Investment and Management Company (AIV) Piotroski F-score
Apartment Investment and Management Company's Piotroski F-score for fiscal 2025 is 8 out of 9: 8 of nine tests of profitability, leverage and efficiency passed, up from 7 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 8 | 1.00 |
| FY2024 | 7 | 4.00 |
| FY2023 | 3 | (5.00) |
| FY2022 | 8 | 4.00 |
| FY2021 | 4 | 0.00 |
| FY2020 | 4 | (3.00) |
| FY2019 | 7 | 4.00 |
| FY2018 | 3 | (3.00) |
| FY2017 | 6 | (1.00) |
| FY2016 | 7 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 30.50% | (5.06%) | Pass | 1 |
| Positive operating cash flow | 8.09m | 46.98m | Pass | 1 |
| Rising return on assets | 30.50% | (5.06%) | Pass | 1 |
| Cash flow above net income | (545.92m) | 149.45m | Fail | 0 |
| Falling long-term leverage | 0.41 | 0.41 | Pass | 1 |
| Rising current ratio | 3.46 | 2.40 | Pass | 1 |
| No new shares issued | 138,347,000 | 138,496,000 | Pass | 1 |
| Rising gross margin | 50.64% | 50.56% | Pass | 1 |
| Rising asset turnover | 0.08 | 0.07 | Pass | 1 |
| Piotroski F-score | Strong — most fundamentals improved | 8 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| AIV Apartment Investment and Management Company | 8 |
| CSR Centerspace compare | 6 |
| UMH UMH Properties, Inc. compare | 6 |
| NXRT NexPoint Residential Trust, Inc. compare | 5 |
| CLPR Clipper Realty Inc. compare | 5 |
| BHM Bluerock Homes Trust, Inc. compare | 4 |
| ELME Elme Communities compare | 4 |
| BRT BRT Apartments Corp. compare | 3 |
| MRP Millrose Properties, Inc. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover