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Apartment Investment & Management Co. (AIV) Misses Q2 FFP by 1c, Raises FY11 FFO Guidance

July 29, 2011 7:16 AM EDT
Apartment Investment & Management Co. (NYSE: AIV) reported Q2 FFO of $0.27, $0.01 worse than the analyst estimate of $0.28. Revenue for the quarter came in at $281.03 million versus the consensus estimate of $280.33 million.

Apartment Investment & Management Co. sees Q3 2011 FFO of $0.38-$0.42, versus the consensus of $0.40.

Apartment Investment & Management Co. raised its FY2011 FFO range to $1.45-$1.51, a $0.09 raise from the midpoint, versus the consensus of $1.48.


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Earnings, Guidance