Aimco (AIV) Reports Q1 FFO of $0.54

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Go back to Aimco (AIV) Reports Q1 FFO of $0.54

Aimco Reports First Quarter Results

May 7, 2018 4:46 PM EDT

DENVER--(BUSINESS WIRE)-- Apartment Investment and Management Company (Aimco) (NYSE: AIV) announced today first quarter results for 2018.

Chairman and Chief Executive Officer Terry Considine comments: Aimco had a solid first quarter. Operating results were on target, occupancy was up year-over-year, with high resident retention resulting from Aimco focus on customer selection and satisfaction. Average monthly revenue per apartment home reached $2,052, up 7% year-over-year. And Aimco was recognized as a top workplace in Colorado for the sixth consecutive year.

Aimco agreed to $600 million in acquisitions: Bent Tree Apartments in Fairfax County, Virginia, and six properties... More