Aimco Reports 3Q 2019 Results; Raises Full Year AFFO Guidance
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Aimco (AIV) Misses Q3 EPS by 4c, AFFO Beats
October 31, 2019 4:20 PM EDTAimco (NYSE: AIV) reported Q3 EPS of $0.03, $0.04 worse than the analyst estimate of $0.07. AFFO was $0.56.
Chairman and Chief Executive Officer Terry Considine comments: Business is good! Aimco had a strong third quarter. Third quarter Same Store revenue was up 3.8% year-over-year and NOI was up 4.1%. Year-to-date, Same Store results lead peers in revenue growth, expense control, NOI increases, and NOI margin. In redevelopment, Aimco invested $71 million at properties throughout the... More
