Aimco (AIV) Reports In-Line Q4 FFO, Offers Guidance
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Aimco Reports Fourth Quarter Results
February 4, 2019 4:23 PM ESTDENVER--(BUSINESS WIRE)-- Apartment Investment and Management Company (Aimco) (NYSE: AIV) announced today fourth quarter results for 2018.
Chairman and Chief Executive Officer Terry Considine comments: 2018 was a solid year for Aimco. We increased estimated Net Asset Value per share by about 6% which, with our cash dividend, provided shareholders Economic Income of 8.5%. In our Same Store portfolio, we set company records for occupancy and NOI margins. In Redevelopment, we completed two major projects and continued investment in this accretive line of business. Our capital allocation activity led to an improved portfolio through investment in community acquisitions, capital... More
