Want to join the conversation?
$AIV 2Q15 Call: Fitch upgraded AIV’s rating to investment grade. Revenues up 4.5% YoverY. Expenses down 10 BP YoverY with NOI at 6.7% for 2Q15. Renewal rents increased 5.1%. Achieved blended lease rates of 5.4%, up 50 BP YoverY. Turnover was 50.6%. YoverY median income of new residents up 20%. Invested total of $158MM in AIV’s portfolio.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.