Apartment Investment & Management Co (Apartment Investment & Management Co) EBIT : $-132.3 Mil (TTM As of Dec. 2023)

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What is Apartment Investment & Management Co EBIT?

Apartment Investment & Management Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-145.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-132.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Apartment Investment & Management Co's annualized ROC % for the quarter that ended in Dec. 2023 was 0.84%. Apartment Investment & Management Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -486.10%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Apartment Investment & Management Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -5.76%.

Apartment Investment & Management Co EBIT Historical Data

The historical data trend for Apartment Investment & Management Co's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Apartment Investment & Management Co EBIT Chart

Apartment Investment & Management Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

15.41

11.59

34.35

183.26

-132.35

Apartment Investment & Management Co Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial													-204.44	-0.22	9.38	3.72	-145.21

Competitive Comparison of Apartment Investment & Management Co's EBIT

For the REIT - Residential subindustry, Apartment Investment & Management Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Apartment Investment & Management Co's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Apartment Investment & Management Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Apartment Investment & Management Co's EV-to-EBIT falls into.

Apartment Investment & Management Co EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-132.3 Mil.

Apartment Investment & Management Co (NYSE:AIV) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Apartment Investment & Management Co's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	16.728 * ( 1 - 1.24% )	/	( (2077.256	+	1876.749)	/ 2 )
=	16.5205728	/	1977.0025
=	0.84 %

where

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	2250.866	-	111.049	-	( 95.68	-	max(0, 111.049	-	173.61	+	95.68	))
=	2077.256

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	2089.475	-	90.125	-	( 122.601	-	max(0, 90.125	-	215.687	+	122.601	))
=	1876.749

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Apartment Investment & Management Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-580.844	/	( ( (119.319 + max(-87.58, 0))	+	(119.661 + max(-68.655, 0)) )	/	2 )
=	-580.844	/	( ( 119.319	+	119.661 )	/	2 )
=	-580.844	/	119.49
=	-486.10 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3.264	+	0	+	20.205)	-	(111.049	+	0	+	0)
=	-87.58

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.804	+	0	+	16.666)	-	(90.125	+	0	+	0)
=	-68.655

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Apartment Investment & Management Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-132.336	/	2299.434
	=	-5.76 %

Apartment Investment & Management Co EBIT Related Terms

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Apartment Investment & Management Co (Apartment Investment & Management Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Apartment Investment & Management Co (NYSE:AIV) » Definitions » EBIT

Comparable Companies

UMH CSR NXRT ELME VRE BRT FREVS CLPR BHM IRT AVB EQR INVH SUI MAA ESS ELS AMH UDR CPT

Traded in Other Exchanges

N/A

Address

4582 South Ulster Street, Suite 1450, Denver, CO, USA, 80237

Website

https://www.aimco.com

Apartment Investment & Management Co is a self-managed real estate investment trust. It is focused on property development, redevelopment and various other value-creating investment strategies, targeting the U.S multifamily market. Its operating segments are Development and Redevelopment; Operating, and Other. The company generates majority of revenue from operating segment.

Executives

Sherry L Rexroad	director	2 BAYBERRY CIRCLE, AMBLER PA 19002
Kellie Dreyer	officer: Senior Vice President and CAO	4582 S. ULSTER ST. SUITE 1450, DENVER CO 80237
James Patrick Sullivan	director	34 SOUTH PEAK, LAGUNA NIGUEL CA 92677
Jay P Leupp	director	16435 N. SCOTTSDALE ROAD, SUITE 320, SCOTTSDALE AZ 85254
Michael A Stein	director	4582 S. ULSTER STREET, SUITE 1100, DENVER CO 80237
Kirk Sykes	director	C/O ARES COMMERCIAL REAL ESTATE CORP., 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 10167
Robert A. Miller	director	6649 WESTWOOD BLVD, SUITE 500, ORLANDO FL 32821
R Dary Stone	director	3344 PEACHTREE ROAD, SUITE 1800, ATLANTA GA 30326
Patricia L Gibson	director	545 E JOHN CARPENTER FREEWAY, SUITE 1300, IRVING TX 75062
Quincy Allen	director	4582 S. ULSTER STREET, SUITE 1700, DENVER CO 80237
Deborah Smith	director	4582 S. ULSTER STREET, SUITE 1450, DENVER CO 80237
Terry Considine	director	4582 SOUTH ULSTER STREET PARKWAY, SUITE 1100, DENVER CO 80237
Jennifer Johnson	officer: EVP CAO and General Counsel	4582 S. ULSTER STREET, STE 1400, DENVER CO 80237
Wesley William Powell	director, officer: President and CEO	4582 S. ULSTER STREET, SUITE 1100, DENVER CO 80237
Lynn Stanfield	officer: EVP and CFO	4582 S. ULSTER STREET, SUITE 1100, DENVER CO 80237