Apartment Investment and Management Company (AIV) vs Millrose Properties, Inc. (MRP)

Apartment Investment and Management Company and Millrose Properties, Inc. are both Reit Residential companies. Millrose Properties, Inc. is the larger, with a market value of $3.4B against $244.0M — 14.1× the size. Apartment Investment and Management Company trades at the lower P/E: 0.4× against 7.8×. Apartment Investment and Management Company has the higher net margin (400.1% vs 62.6%) and the lower return on invested capital (−14.6% vs 4.35%). Only Millrose Properties, Inc. pays a dividend (13.6%). Across the 17 metrics below, Apartment Investment and Management Company leads on 12 and Millrose Properties, Inc. on 5.

Valuation

Metric AIV MRP Reit Residential median
P/E 0.43 7.84 29.43
P/S 1.70 4.91 5.21
P/B 0.60 0.64 1.83
Price to free cash flow 0.27 n/m 17.92
EV/EBITDA n/m 10.70 15.85
EV/Sales 4.10 9.44 8.04
Earnings yield 230.59% 12.76% 2.39%
Free cash flow yield 374.99% (33.16%) 4.10%

Profitability

Metric AIV MRP Reit Residential median
Gross margin 50.64% 85.31% 58.73%
Operating margin (122.49%) 85.11% 20.57%
Net margin 400.05% 62.60% 20.81%
Free cash flow margin 636.84% (162.90%) 20.24%
Return on equity 196.47% 8.12% 6.86%
Return on assets 30.50% 5.39% 3.17%
Return on invested capital (14.59%) 4.35% 2.03%

Growth

Metric AIV MRP Reit Residential median
Revenue growth (TTM) 0.57% — 2.66%
EPS growth (last fiscal year) 616.00% — 19.50%
Revenue growth, 5-year CAGR (1.77%) — 7.53%
Net income growth, 5-year CAGR 0.00% — 3.76%

Health

Metric AIV MRP Reit Residential median
Debt to equity 1.87 0.59 0.78
Current ratio 3.46 0.08 0.54
Net debt to EBITDA (2.98) 5.93 4.27

Dividend

Metric AIV MRP Reit Residential median
Dividend yield 0.00% 13.64% 5.06%
Payout ratio 0.00 1.07 1.22

Size

Metric AIV MRP Reit Residential median
Market cap 243.99m 3.43b 3.55b

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