Aimco (AIV) Misses Q3 EPS by 4c, AFFO Beats

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Go back to Aimco (AIV) Misses Q3 EPS by 4c, AFFO Beats

Aimco Reports 3Q 2019 Results; Raises Full Year AFFO Guidance

October 31, 2019 4:15 PM EDT

DENVER--(BUSINESS WIRE)-- Apartment Investment and Management Company (Aimco) (NYSE: AIV) announced today third quarter results for 2019.

Chairman and Chief Executive Officer Terry Considine comments: Business is good! Aimco had a strong third quarter. Third quarter Same Store revenue was up 3.8% year-over-year and NOI was up 4.1%. Year-to-date, Same Store results lead peers in revenue growth, expense control, NOI increases, and NOI margin. In redevelopment, Aimco invested $71 million at properties throughout the portfolio and welcomed the first residents at Parc Mosaic in Boulder, Colorado.

In portfolio management, we continue to seek accretive investment... More