Quarterly Period Covered: Q2 2026 (quarter ended June 30, 2026), filed August 6, 2026 Company Structure: Filing includes both Apartment Investment & Management Co (REIT parent company, CIK 0000922864) and Aimco OP L.P. (operating partnership, CIK 0001820878), with the operating partnership formerly known as Durango OP, LP Business Classification: Real Estate Investment Trust (REIT) engaged in…

Our analysis rates this filing BEARISH. Apartment Investment & Management Co (AIMCO) is exhibiting multiple critical warning signs of severe financial distress that warrant a HIGH concern rating (8.2/10). The adoption of liquidation basis accounting for portions of the portfolio represents an…

Concern level: CRITICAL (8.2/10). Key factors: CRITICAL: Liquidation basis accounting adopted for Chicago portfolio and other segments - explicit signal that management no longer expects full recovery of book value and is preparing for potential restructuring or insolvency; CRITICAL: Three new high-severity risks identified (avg severity 7.3/10) with two escalations from implied to explicit:…

Notable risk changes: CRITICAL: Company has adopted liquidation basis accounting for portions of portfolio (Chicago and other segments), indicating management no longer expects to recover full book value and may be preparing for restructuring or insolvency; CRITICAL: Multiple unconsolidated investment disclosures including specific IQHQ and mezzanine investment members suggest significant problem assets requiring…

The model predicts AIV will underperform the S&P 500 by about 0.0% over 30 days (model confidence 65%). This is model analysis for research, not investment advice.