Aimco (AIV) Misses Q2 FFO by 3c
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Aimco Reports Second Quarter Results
August 2, 2018 4:44 PM EDTDENVER--(BUSINESS WIRE)-- Apartment Investment and Management Company (Aimco) (NYSE: AIV) announced today second quarter results for 2018.
Chairman and Chief Executive Officer Terry Considine comments: In the second quarter, Aimco produced solid results: Same Store Net Operating Income was up 3.2% year-over-year; Redevelopment contributed more earnings and further value creation; and 2018 paired trades were completed, increasing expected Free Cash Flow returns by 400 basis points.
We completed our exit from the affordable housing line of business, part of a strategic plan set in 2011. Since then, Aimco has made steady progress on other elements of the plan: selling $4.2... More
