Aimco (AIV) Tops Q3 FFO by 2c
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Aimco Reports Third Quarter Results
November 1, 2018 4:36 PM EDTDENVER--(BUSINESS WIRE)-- Apartment Investment and Management Company (Aimco) (NYSE: AIV) announced today third quarter results for 2018.
Chairman and Chief Executive Officer Terry Considine comments: In the third quarter, Aimco produced solid results driven by a successful leasing season. Same Store revenue was up 3.1% year-over-year, driven by higher average monthly rent per apartment home of 2.9% and an increase in average daily occupancy of 30 basis points. Third quarter results set us up nicely for the balance of this year and position us well for 2019.
Compared to one year ago, we expect to begin the new year... More
