Apartment Investment & Management annual operating expenses
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Apartment Investment & Management Operating Expenses Growth & History (AIV)
Apartment Investment & Management's operating expenses was $308.1M for fiscal 2025.
View full Apartment Investment & Management company overviewApartment Investment & Management annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $308.1M | $130.1M | +73.05% |
| 2024 | 2024-12-31 | $178.0M | $35.4M | +24.82% |
| 2023 | 2023-12-31 | $142.6M | −$127.8M | −47.26% |
| 2022 | 2022-12-31 | $270.4M | $85.0M | +45.80% |
| 2021 | 2021-12-31 | $185.5M | $19.7M | +11.86% |
| 2020 | 2020-12-31 | $165.8M | $37.2M | +28.90% |
| 2019 | 2019-12-31 | $128.6M | $19.9M | +18.35% |
| 2018 | 2018-12-31 | $108.7M | −$702.8M | −86.61% |
| 2017 | 2017-12-31 | $811.5M | $62.4M | +8.33% |
| 2016 | 2016-12-31 | $749.1M | $24.0M | +3.30% |
| 2015 | 2015-12-31 | $725.1M | $3.1M | +0.43% |
| 2014 | 2014-12-31 | $722.0M | −$3.0M | −0.42% |
| 2013 | 2013-12-31 | $725.0M | −$54.5M | −6.99% |
| 2012 | 2012-12-31 | $779.5M | $431,000 | +0.06% |
| 2011 | 2011-12-31 | $779.1M | −$76.9M | −8.98% |
| 2010 | 2010-12-31 | $856.0M | −$109.3M | −11.33% |
| 2009 | 2009-12-31 | $965.3M | −$171.3M | −15.07% |
| 2008 | 2008-12-31 | $1.14B | — | — |
Apartment Investment & Management quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q4 2025 | 2025-12-31 | $129.4M | $99.6M | +334.11% |
| Q3 2025 | 2025-09-30 | $98.0M | $51.2M | +109.50% |
| Q2 2025 | 2025-06-30 | $47.4M | −$4.9M | −9.36% |
| Q1 2025 | 2025-03-31 | $33.4M | −$15.8M | −32.19% |
| Q4 2024 | 2024-12-31 | $29.8M | $17.4M | +139.84% |
| Q3 2024 | 2024-09-30 | $46.8M | $2.5M | +5.54% |
| Q2 2024 | 2024-06-30 | $52.2M | $8.5M | +19.54% |
| Q1 2024 | 2024-03-31 | $49.2M | $7.0M | +16.69% |
| Q4 2023 | 2023-12-31 | $12.4M | −$29.0M | −69.98% |
| Q3 2023 | 2023-09-30 | $44.3M | −$69.4M | −61.01% |
| Q2 2023 | 2023-06-30 | $43.7M | −$19.8M | −31.21% |
| Q1 2023 | 2023-03-31 | $42.2M | −$9.6M | −18.59% |
| Q4 2022 | 2022-12-31 | $41.4M | −$7.0M | −14.40% |
| Q3 2022 | 2022-09-30 | $113.7M | $65.0M | +133.32% |
| Q2 2022 | 2022-06-30 | $63.5M | $19.1M | +43.01% |
| Q1 2022 | 2022-03-31 | $51.8M | $7.8M | +17.83% |
| Q4 2021 | 2021-12-31 | $48.3M | −$9.0M | −15.73% |
| Q3 2021 | 2021-09-30 | $48.7M | $12.7M | +35.37% |
| Q2 2021 | 2021-06-30 | $44.4M | $8.4M | +23.48% |
| Q1 2021 | 2021-03-31 | $44.0M | $7.5M | +20.60% |
| Q4 2020 | 2020-12-31 | $57.4M | — | — |
| Q3 2020 | 2020-09-30 | $36.0M | −$155.2M | −81.17% |
| Q2 2020 | 2020-06-30 | $36.0M | −$148.1M | −80.46% |
| Q1 2020 | 2020-03-31 | $36.5M | −$152.4M | −80.69% |
| Q3 2019 | 2019-09-30 | $191.2M | −$4.3M | −2.21% |
| Q2 2019 | 2019-06-30 | $184.1M | −$16.7M | −8.33% |
| Q1 2019 | 2019-03-31 | $188.8M | −$5.5M | −2.84% |
| Q3 2018 | 2018-09-30 | $195.5M | $97,000 | +0.05% |
| Q2 2018 | 2018-06-30 | $200.8M | $11.4M | +6.04% |
| Q1 2018 | 2018-03-31 | $194.3M | $5.7M | +2.99% |
| Q4 2017 | 2017-12-31 | $237.9M | $48.5M | +25.63% |
| Q3 2017 | 2017-09-30 | $195.4M | $5.3M | +2.76% |
| Q2 2017 | 2017-06-30 | $189.4M | $2.6M | +1.39% |
| Q1 2017 | 2017-03-31 | $188.7M | $6.0M | +3.28% |
| Q4 2016 | 2016-12-31 | $189.4M | $9.0M | +4.99% |
| Q3 2016 | 2016-09-30 | $190.2M | $7.8M | +4.28% |
| Q2 2016 | 2016-06-30 | $186.8M | $7.6M | +4.27% |
| Q1 2016 | 2016-03-31 | $182.7M | −$493,000 | −0.27% |
| Q4 2015 | 2015-12-31 | $180.4M | $2.0M | +1.13% |
| Q3 2015 | 2015-09-30 | $182.4M | $3.0M | +1.67% |
| Q2 2015 | 2015-06-30 | $179.1M | −$1.5M | −0.82% |
| Q1 2015 | 2015-03-31 | $183.2M | −$448,000 | −0.24% |
| Q4 2014 | 2014-12-31 | $178.4M | $663,000 | +0.37% |
| Q3 2014 | 2014-09-30 | $179.4M | −$54,000 | −0.03% |
| Q2 2014 | 2014-06-30 | $180.6M | −$2.4M | −1.32% |
| Q1 2014 | 2014-03-31 | $183.6M | −$1.2M | −0.66% |
| Q4 2013 | 2013-12-31 | $177.7M | −$14.6M | −7.61% |
| Q3 2013 | 2013-09-30 | $179.4M | −$17.6M | −8.95% |
| Q2 2013 | 2013-06-30 | $183.0M | −$7.3M | −3.84% |
| Q1 2013 | 2013-03-31 | $184.9M | −$14.9M | −7.45% |
| Q4 2012 | 2012-12-31 | $192.3M | −$17.5M | −8.33% |
| Q3 2012 | 2012-09-30 | $197.1M | −$11.8M | −5.66% |
| Q2 2012 | 2012-06-30 | $190.3M | −$9.6M | −4.80% |
| Q1 2012 | 2012-03-31 | $199.7M | −$10.4M | −4.94% |
| Q4 2011 | 2011-12-31 | $209.8M | −$29.3M | −12.26% |
| Q3 2011 | 2011-09-30 | $208.9M | −$21.4M | −9.30% |
| Q2 2011 | 2011-06-30 | $199.9M | −$30.5M | −13.25% |
| Q1 2011 | 2011-03-31 | $210.1M | −$26.3M | −11.13% |
| Q4 2010 | 2010-12-31 | $239.1M | — | — |
| Q3 2010 | 2010-09-30 | $230.3M | −$37.9M | −14.13% |
| Q2 2010 | 2010-06-30 | $230.5M | −$28.2M | −10.92% |
| Q1 2010 | 2010-03-31 | $236.4M | — | — |
| Q3 2009 | 2009-09-30 | $268.2M | — | — |
| Q2 2009 | 2009-06-30 | $258.7M | — | — |
Apartment Investment & Management operating expenses trends
Over the last five fiscal years, Apartment Investment & Management's operating expenses increased from $165.8M to $308.1M, a change of $142.3M. The latest reported quarter, Q4 2025, shows $129.4M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Apartment Investment & Management source filings ↗