Aimco (AIV) Tops Q4 EPS, FFO

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Go back to Aimco (AIV) Tops Q4 EPS, FFO

Aimco Reports Fourth Quarter 2019 Results; Establishes 2020 Guidance

January 30, 2020 4:15 PM EST

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

Chairman and Chief Executive Officer Terry Considine comments: Aimco had a solid fourth quarter, completing a good year. Full year 2019 Same Store revenue and NOI were 50 and 70 basis points, respectively, better than the original midpoint of guidance, and controllable operating expenses were flat, year-over-year. With December average daily occupancy of 97.9%, our properties are well occupied, providing an excellent starting point to 2020.

In redevelopment, Aimco continued to upgrade properties throughout its portfolio and is on track with its... More