Aimco (AIV) Tops Q2 FFO by 2c
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Aimco Reports Second Quarter Results, Raises 2016 Guidance
July 28, 2016 4:15 PM EDTDENVER--(BUSINESS WIRE)-- Apartment Investment and Management Company (Aimco) (NYSE: AIV) announced today second quarter 2016 results and raised full year 2016 guidance.
Chairman and Chief Executive Officer Terry Considine comments: At a time when various markets are impacted by new supply, we appreciate the diversification...both geographic and price point...of the Aimco portfolio. That diversification reduces volatility and makes revenue more predictable. Operating results were in line with guidance. We are on-track with lease-up efforts at One Canal in Boston and at Indigo in Redwood City, California. Construction continues at two phased redevelopments... More
