Investment Strategy - Aimco has a diversified portfolio consisting of $0.6 billion in value-add investments and a pipeline of 13 million square feet for potential future development[21] - The company aims for superior total-return performance primarily through capital appreciation driven by accretive investment and active portfolio management over multi-year periods[22] - Aimco's financial objectives include producing superior, asset-level, risk-adjusted returns on equity, measured by Internal Rate of Return (IRR) and Multiple on Invested Capital (MOIC)[23] - Aimco plans to maintain sufficient liquidity and utilize safe financial leverage, preferring non-recourse property-level debt to limit risk[29] - The company is focused on reducing its allocation to alternative investments over time, currently holding select investments in real estate-related debt and equity[25] - Aimco's investment strategy includes managing and investing in value-add and opportunistic real estate, with significant future development opportunities secured[28] - The company is committed to a capital redeployment plan that reallocates equity to higher returning investments and returns capital to stockholders when appropriate[21] - The company aims to produce superior returns on equity on a risk-adjusted basis through a balanced allocation strategy focusing on "Value Add" and "Opportunistic" multifamily real estate[23][24] - The company plans to significantly reduce its allocation to alternative investments over time, currently holding a mezzanine loan for 3,165 apartment homes in San Francisco[29] Portfolio Overview - The current portfolio includes 26 apartment communities with average rents aligned with local market averages, primarily targeting B class assets[29] - The portfolio includes 26 apartment communities with average rents aligned with local market averages, primarily targeting B class multifamily assets[29] - The company has secured significant future development opportunities in high-growth markets, with a total potential of 13 million square feet[28] Corporate Responsibility and Employee Well-being - The company is committed to corporate responsibility, focusing on continuous improvement for stockholders, residents, teammates, communities, and the environment[39] - The company emphasizes employee satisfaction and well-being through various benefits, including 16 weeks of paid parental leave and flexible workplace policies[44] - The company has been recognized with Healthiest Employers Awards, ranking 1 in South Florida and 2 in Colorado and Washington, D.C., for promoting employee health and well-being[47] - Aimco's corporate responsibility program focuses on continuous improvement for stakeholders and the environment[39] - Aimco was recognized with Healthiest Employers Awards in multiple regions, highlighting its commitment to employee health and well-being[47] Financial Management and Regulations - The company does not currently intend to pay regular quarterly cash dividends but may pay dividends for REIT tax purposes or to return profits to stockholders[22] - Aimco has elected to be taxed as a REIT, which generally avoids double taxation on distributed taxable income[32] - Aimco Operating Partnership is treated as a pass-through entity for tax purposes, with partners subject to tax on their allocable share of income[33] - The company is subject to various laws and regulations affecting real estate development, which may lead to unanticipated expenditures[36] - Aimco's operations are subject to various laws and regulations affecting real estate development, including zoning and health and safety regulations[34] Team Engagement - The overall team engagement score for the 2023 Annual Lifecycle Surveys was 4.74, exceeding the target score of 4.25 with a 100% response rate[45] - The overall team engagement score for 2023 was 4.74, exceeding the target score of 4.25, with a 100% response rate[45] Competitive Landscape - The competitive landscape includes various developers, REITs, and private companies, impacting the company's ability to achieve real estate development objectives[30] - The company has policies in place to manage risk, including maintaining a sizeable portion of net equity in stabilized cash-flowing assets[26] - The company is focused on enhancing its investment platform by leveraging local and regional expertise in targeted markets[27]

Table of Contents Page 2 3 Stockholder Letter 5 Earnings Release 10 Outlook 15 Consolidated Statements of Operations 16 Consolidated Balance Sheets 17 Schedule 1 – EBITDAre and Adjusted EBITDAre 18 Schedule 2 – Aimco Leverage and Maturities 19 Schedule 3 – Aimco Portfolio 20 Schedule 4 – Aimco Capital Additions 21 Schedule 5 – Aimco Development and Redevelopment Project Summaries 23 Schedule 6 – Stabilized Operating Properties 24 Schedule 7 – Acquisitions, Dispositions, and Leased Communities 25 Schedule 8 ...

DENVER--(BUSINESS WIRE)--Apartment Investment and Management Company (“Aimco”) (NYSE: AIV) announced today that it plans to report 2023 fourth quarter results on Thursday, February 22, 2024, after the market closes. The Company’s earnings release will be available in the Investor Relations section of its website at investors.aimco.com. About Aimco Aimco is a diversified real estate company primarily focused on value add and opportunistic investments, targeting the U.S. multifamily sector. Aimco’s mission ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13232 (Apartment Investment and Management Company) Commission File Number: 0-56223 (Aimco OP L.P.) Apartment Investment and ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13232 (Apartment Investment and Management Company) Commission File Number: 0-56223 (Aimco OP L.P.) Apartment Investment and Manag ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13232 (Apartment Investment and Management Company) Commission File Number: 0-56223 (Aimco OP L.P.) Apartment Investment and Mana ...

INVESTOR PRESENTATION Forward Looking Statement Thispresentationcontainsforward-lookingstatementswithinthemeaningofthefederalsecuritieslaws,including,withoutlimitation,statementsregarding:Aimco’sbusinessstrategy, pipeline,andtargetedopportunities.Forward-lookingstatementsincludeallstatementsthatarenothistoricalstatementsoffactandthoseregardingourintent,belief,orexpectations. Wecautioninvestorsnottoplaceunduerelianceonanysuchforward-lookingstatements. Words such as “anticipate(s),” “expect(s),” “intend(s),” ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-13232 (Apartment Investment and Management Company) Commission file number 0-56223 (Aimco OP L.P.) Apartment Investment and Management ...