Aimco (AIV) Tops Q2 FFO by 2c/Share
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Aimco Reports Second Quarter 2015 Results, Raises Guidance
July 30, 2015 4:05 PM EDTDENVER--(BUSINESS WIRE)-- Apartment Investment and Management Company (Aimco) (NYSE: AIV) announced today second quarter 2015 results and raised full year 2015 earnings guidance.
Chairman and Chief Executive Officer Terry Considine comments: "Aimco enjoyed a solid second quarter with good progress on all fronts. With higher rents and good cost control, Same Store Net Operating Income was up 6.7% year-over-year. At almost $1,760, average revenue per apartment home was up 14% year-over-year, reflecting rent growth and portfolio improvements. We are making good progress on our redevelopment and development activities. Our balance sheet is strong. Our prospects... More
