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Apartment Investment & Management Co (AIV) is a leading real estate investment trust focused on U.S. multifamily properties, combining stabilized apartment communities with strategic development projects. This page serves as the definitive source for AIV-related news, offering investors and analysts timely updates on operational milestones and corporate developments.
Access curated press releases and analysis covering earnings announcements, property acquisitions, redevelopment initiatives, and leadership updates. Our repository ensures you stay informed about AIV's three core segments: Development/Redevelopment projects enhancing portfolio value, Operating communities generating stable income, and Other strategic assets diversifying revenue streams.
Discover insights into AIV's value-add strategies, market expansion efforts, and capital allocation decisions. All content is sourced directly from company communications and vetted financial reporting. Bookmark this page for efficient tracking of AIV's performance in competitive multifamily markets and its disciplined approach to real estate investment.
Apartment Investment and Management Company (Aimco) (NYSE: AIV) has secured $56 million in preferred equity from Sixth Street for a luxury waterfront rental development in Miami, Florida. The project, located at 560-640 NE 34th Street, will be a 38-story tower with 114 luxury rental units averaging over 2,500 square feet each. Apollo provided an additional $172 million in senior construction financing.
The development will feature high-end amenities, ~7k square feet of ground floor retail space, and unobstructed views of Biscayne Bay. Aimco will serve as the developer and asset manager. This project aims to capitalize on Miami's strong macroeconomic growth and increasing in-migration, positioning it as a unique rental offering in the rapidly evolving Edgewater submarket.
Apartment Investment and Management Company (Aimco) (NYSE: AIV) reported Q2 2024 results and updated guidance. Key points:
- Net loss of $(0.43) per share due to non-cash impairment charge
- Revenue from Stabilized Operating Properties up 4.6% YoY
- NOI from Stabilized Operating Properties up 4.1% YoY
- Average monthly revenue per apartment home up 4.4% to $2,392
- Revised full-year guidance: revenue growth 3.25-3.75%, NOI growth 1.50-2.75%
- Repurchased 3.0M shares at average $8.02 per share in Q2
- Advancing sale efforts for Miami properties
- Development projects progressing on schedule and budget
Aimco remains focused on unlocking shareholder value through portfolio simplification, asset monetization, and capital return to shareholders.
Apartment Investment and Management Company (Aimco) (NYSE: AIV) has announced its plans to report 2024 second quarter results on Wednesday, August 7, 2024, after the market closes. The earnings release will be available in the Investor Relations section of Aimco's website at investors.aimco.com.
Aimco is a diversified real estate company primarily focused on value add and opportunistic investments in the U.S. multifamily sector. The company aims to create substantial value for investors, teammates, and communities through its human capital-enhanced real estate investments. Aimco is traded on the New York Stock Exchange under the ticker symbol AIV.
Aimco announced first quarter results for 2024, reporting a net loss per share of $(0.07) compared to $(0.06) in 2023. Revenue, expenses, and NOI from Stabilized Properties increased. Aimco acquired 0.9 million shares of its common stock. CEO highlighted progress in development projects and plans to sell assets to unlock value. Operating Property Results showed revenue growth and increased rents. Aimco invested in development projects and plans to market for sale certain assets. Balance sheet remains strong with access to $290.4 million. Aimco repurchased shares and is committed to enhancing stockholder value.
Apartment Investment and Management Company (Aimco) announced the release date for their 2024 first-quarter earnings. Aimco focuses on value-add and opportunistic investments in the U.S. multifamily sector. The company aims to create substantial value for investors, teammates, and communities where they operate. Aimco is listed on the NYSE as AIV.
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