Aimco (AIV) Misses Q3 FFO by 1c
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Aimco Reports Third Quarter Results
October 27, 2016 4:16 PM EDTDENVER--(BUSINESS WIRE)-- Apartment Investment and Management Company (Aimco) (NYSE: AIV) announced today third quarter 2016 results.
Chairman and Chief Executive Officer Terry Considine comments: Aimco had a solid third quarter. Our portfolio, diversified by price point and across markets, coupled with excellent and measured customer satisfaction, produced steady rent growth of 5.2% year-to-date, a rate of growth 70 basis points higher than last year. Average revenue per apartment home was $1,950, up 8% year-over-year. The lease-ups of One Canal in Boston and Indigo in Redwood City, California are both well ahead of schedule.
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