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During 1H15, $AIV invested $68.2MM in redevelopment projects and completed construction at three redevelopment projects. AIV’s had average revenue per effective apartment home of $1,759 in its conventional portfolio, up 14% compared to $1,548 in 2Q14 and provided an operating margin of 67% and free cash flow margin of 60%.
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?
$YHOO is reporting today after market close. Nobody cares about this stock.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.