Aimco (AIV) Tops Q1 EPS by 1c, Boosts Guidance

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Go back to Aimco (AIV) Tops Q1 EPS by 1c, Boosts Guidance

Aimco Reports First Quarter 2015 Results, Raises Guidance

April 30, 2015 4:06 PM EDT

DENVER--(BUSINESS WIRE)-- Apartment Investment and Management Company (Aimco) (NYSE: AIV) announced today its first quarter 2015 results and an increase in its full year 2015 earnings guidance.

Chairman and Chief Executive Officer Terry Considine comments: "Aimco made solid progress in 2015's first quarter. Operating results were ahead of guidance, notwithstanding the severe winter weather and its related costs. Portfolio quality improved with average monthly revenue per apartment home now exceeding $1,700. Construction was completed at Aimco's two large West Coast redevelopments, Lincoln Place and Preserve at Marin, and rent achievement is ahead of underwriting. Standard... More