Apartment Invt & Mgmt Co Stock Price, News & Analysis

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.

The Park Towne Place Museum District Residences in Philadelphia has adapted to Covid-19 restrictions by enhancing its art program through virtual experiences in partnership with InLiquid. Their latest exhibit, Poised and Forceful, showcases the work of six female artists and can be viewed through a virtual tour. Aimco emphasizes its commitment to arts and culture, having transformed the venue over the last five years. Aimco, a major real estate investment trust, operates 125 apartment communities across the U.S. under the ticker symbol AIV.

Aimco (NYSE: AIV) received a conditional non-binding proposal to purchase the company, which its board deemed inadequate and not in the best interest of shareholders. Aimco will continue with its planned separation from Apartment Income REIT Corp (AIR), expected to complete on December 15, 2020. Following this distribution, shareholders will own shares in both Aimco and AIR, which Aimco believes will enhance shareholder value. The company emphasized it will limit comments on the matter unless further disclosure is warranted.

Aimco (NYSE: AIV) announced the results of its special dividend election, offering stockholders a choice between cash and stock for a dividend totaling $8.20 per share. Stockholders had until November 20, 2020, to make their elections, with the record date set for November 4, 2020. Approximately $121.8 million in cash and around 35.4 million shares were available for distribution. Holders of 118.3 million shares opting for cash will receive $1.02924 per share in cash along with $7.17076 in stock, while those electing all stock will receive the full $8.20 in shares.