Apartment Invt & Mgmt Co Stock Price, News & Analysis

Aimco (NYSE: AIV) reported its Q3 2021 results, highlighting a net loss of $0.03 per share compared to a profit of $0.01 in Q3 2020. The company achieved 43.6% Total Shareholder Return year-to-date, with a 6.9% revenue increase year-over-year, totaling $34.6 million. Aimco's occupancy rate reached 97.8%, up 280 basis points year-over-year. The company completed significant investments including $40 million for luxury townhomes and $60 million in property financing, maintaining $413 million in liquidity. Aimco does not plan to pay regular cash dividends, opting to reinvest earnings for growth.

Apartment Investment and Management Company (AIV) released its 2020-21 Corporate Responsibility Report, highlighting its commitment to environmental, social, and governance (ESG) factors. The report emphasizes Aimco's focus on continuous improvement and responsible corporate citizenship to enhance outcomes for its investments, employees, communities, and shareholders. Aimco specializes in multifamily real estate investments in the U.S. and aims to create substantial value through effective human capital strategies. For further details, the report can be accessed at www.aimco.com/corporate-responsibility/.

Aurora's Mayor Mike Coffman and University of Colorado leaders celebrated the construction of the new Benson Hotel and Faculty Club, a luxury venue with 106 rooms and event spaces, reflecting the community's growth. This project, developed by Aimco, aims to enhance the Fitzsimons Innovation Community and is expected to be completed in 2023. The hotel will feature a ballroom, a restaurant, and private amenities for medical and educational staff, further positioning the CU Anschutz Medical Campus as a premier health destination.

Apartment Investment and Management Company (Aimco) has launched a redesigned website at www.aimco.com and released two investor updates. These updates include an investor presentation and a pre-recorded webcast featuring discussions on Aimco's platform, portfolio, pipeline, and capital redeployment strategy. The company plans to report its financial results for the quarter ending September 30, 2021, by filing its SEC Form 10-Q in early November.

Aimco (NYSE: AIV) reported its second quarter 2021 results, highlighting a recovery in the apartment market post-2020. The company invested $49 million in development projects, which are projected to generate about $60 million in net operating income. Aimco secured new properties for development worth $53 million and acquired adjacent land for $19 million in Miami, enhancing its growth potential. However, Aimco reported a net loss of $0.13 per share, compared to a profit of $0.02 last year, driven by unrealized losses on hedges. Total shareholder return reached 32% year-to-date.

Aimco (NYSE: AIV) reported its first-quarter results for 2021, highlighting a productive start for the company as it positions for future growth in real estate development and investment. Key outcomes include a net income of $0.14 per share, a 70 basis point increase in occupancy from Q4, and the addition of $330 million to its investment pipeline. While revenue decreased by 2% year-over-year, improvements in lease-up and construction progress were noted. Aimco maintains a robust balance sheet with $385.3 million in liquidity and aims for sustainable long-term value creation.

Aimco (NYSE: AIV) has submitted its 2020 Annual Report on Form 10-K to the SEC, detailing its financial performance and management insights. The company successfully completed its separation from Apartment Income REIT Corp. on December 15, 2020, establishing two independent entities. CEO Wes Powell reported positive operational trends in the apartment portfolio for Q4, highlighting strong investor demand and ongoing development projects. This indicates favorable conditions in the U.S. multifamily sector, suggesting potential growth ahead for Aimco.

Aimco (NYSE: AIV) has disclosed the 2020 dividend allocations for federal income tax purposes for its Class A Common Stock. The distributions, calculated with available information, include a record date of February 14, 2020, and a payable date of February 28, 2020. Shareholders will receive $0.41 per share, with various taxable classifications detailed, including 4.92% as ordinary dividends and 81.53% as capital gain. Aimco urges shareholders to consult tax advisors for specific tax implications.

Apartment Investment and Management Company (NYSE: AIV) has completed a business separation, resulting in two publicly traded entities: Aimco and Apartment Income REIT Corp. (AIR). The separation allows Aimco to focus on developing and redeveloping multifamily apartment communities while pursuing additional value-creating investments. Shareholders received one share of AIR Class A common stock for each Aimco share held as of December 5, 2020. Aimco continues to trade under the symbol AIV.