Apartment Investment and Management (AIV) Tops Q2 FFO by 2c, Guides Higher for FY
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Apartment Investment and Management Company (Aimco) (NYSE: AIV) reports Q2 FFO of $0.83, 2 cents better than estimates. Revenues were $423.78 million vs. $405.18 million consensus.
"We are establishing third quarter FFO guidance of $0.86 to $0.90 per share and increasing our full year FFO guidance from $3.22 to $3.38 per share to $3.33 to $3.43 per share." (Q3 FFO consensus is $0.82 and FY FFO consensus is $3.25)[SM]
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