Aimco (AIV) Reports 99% Collection of Multi-Family Rent Revenue for April and 88% Collection for May, Through 6 Days

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Go back to Aimco (AIV) Reports 99% Collection of Multi-Family Rent Revenue for April and 88% Collection for May, Through 6 Days

Aimco Provides an Update on Residential Rent Collections

May 7, 2020 8:44 PM EDT

DENVER--(BUSINESS WIRE)-- Apartment Investment and Management Company (Aimco or the Company) (NYSE: AIV) today issued the following statement.

In April, Aimco was owed approximately $69 million of multi-family revenue and recognized 99%, after a 1% provision for Bad Debt. Of the 99%, 96% was received in cash and 3% was accrued... More