Aimco (AIV) Reports Q4 AFFO of $0.50

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Go back to Aimco (AIV) Reports Q4 AFFO of $0.50

Aimco Reports Fourth Quarter Results

February 2, 2017 4:15 PM EST

DENVER--(BUSINESS WIRE)-- Apartment Investment and Management Company (Aimco) (NYSE: AIV) announced today fourth quarter 2016 results.

Chairman and Chief Executive Officer Terry Considine comments: 2016 was another good year for Aimco with strong Same Store NOI growth of 6.2%; faster than planned lease-up of Indigo and One Canal contributing an additional $0.01 per share of AFFO; average monthly revenue per apartment home better by 8%; and 12% dividend growth.

As we look ahead, we expect 2017 to be another solid year for Aimco. We expect the economy will likely continue its slow growth and demographics will support continued strong consumer... More