$AIV (Apartment Investment and Management Company)

$AIV {{ '2016-02-03T22:01:55+0000' | timeago}} • Announcement

$AVB, which competes with $AIV and $AKR, forecasts 1Q16 EPS to be about $1.73-1.79. The company expects the projected FFO per share to be about $2.04-2.10 during 1Q16. Core FFO per share is expected to be approx. $1.88-1.94 during 1Q16.

$AIV {{ '2017-07-05T21:42:25+0000' | timeago}} • Announcement

$AIV's acquisition of the Palazzo JV is expected to result in a 150BP higher free cash flow internal rate of return, to increase $AIV’s average monthly revenue per apartment home by $65, and to shift capital from submarkets with lower revenue growth prospects to a submarket with higher rent growth and higher margins.

$AIV {{ '2017-07-05T21:42:06+0000' | timeago}} • Announcement

$AIV acquired the 47% interest in the Palazzo JV owned by institutional investors advised by JP Morgan Asset Management for $451.5MM. The acquisition was funded by taking title subject to existing allocable debt of $140.5MM and by payment of $311MM in cash proceeds funded with bank borrowings.

$AIV {{ '2017-06-08T12:54:03+0000' | timeago}} • Announcement

Apartment investment firm $AIV has filed an amended complaint against Airbnb in the Superior Court of California seeking injunctive relief and restitution under the state's Unfair Competition Law . Aimco alleges that Airbnb wrongfully profits through unauthorized short-term rentals of properties it does not own.

$AIV {{ '2017-04-28T12:59:04+0000' | timeago}} • Announcement

$AIV expects 2Q17 EPS of $0.06-0.10, pro forma funds from operations per share of $0.56-0.60 and adjusted FFO per share of $0.46-0.50.

$AIV {{ '2017-04-28T12:58:51+0000' | timeago}} • Announcement

$AIV's adjusted funds from operations per share for 1Q17 remained unchanged from last year at $0.51. The increase in pro forma FFO was partially offset by an increase in capital replacements primarily due to the timing of spending in 2016, resulting in no change in adjusted FFO per share as compared to 2016.

$AIV {{ '2017-04-28T12:58:37+0000' | timeago}} • Announcement

$AIV's pro forma funds from operations per share for 1Q17 rose 2% to $0.58 as a result of Same Store Property Net Operating Income growth and increased contribution from development, redevelopment and acquisition communities.

$AIV {{ '2017-04-28T12:58:24+0000' | timeago}} • Announcement

$AIV reported a drop in 1Q17 earnings due to lower gains on sale of apartment communities and higher depreciation from developments and redevelopments and from its purchase of Indigo. Net income fell to $17.16MM or $0.07 per share from $29.89MM or $0.15 per share last year. Revenue rose slightly to $246.48MM from $246.24MM.

$AIV {{ '2017-04-26T19:57:24+0000' | timeago}} • Announcement

$AIV's Board of Directors declared a quarterly cash dividend of $0.36 per share of Class A Common Stock for the quarter ended March 31, 2017, an increase of 9% compared to the dividend for 1Q16. This dividend is payable on May 31, 2017, to stockholders of record on May 19, 2017.

$AIV {{ '2017-02-02T22:42:37+0000' | timeago}} • Announcement

$AIV expects its FY17 net income per share to be in the range of $0.38-0.48. The company anticipates pro forma FFO per share to be approx. $2.39-2.49 and adjusted FFO to be about $2.07-2.17. The company anticipates 1Q17 net income per share to be about $0.04-0.08, pro forma FFO to be $0.55-0.59 and adjusted FFO per share to be about $0.48-0.52.

$AIV {{ '2017-02-02T22:35:42+0000' | timeago}} • Announcement

Denver-based REIT $AIV reported an increase in its 4Q16 net income, helped by higher gains on the sale of apartment communities. Net income attributable to stockholders rose to $162MM, or $1.03 per share, compared to $66.6MM, or $0.43 per share during 4Q15. Total revenues rose to $249.4MM. Funds from Operations (FFO) rose 3% YoY to $0.60.

$AIV {{ '2017-02-01T14:06:50+0000' | timeago}} • Announcement

$AIV's BoD declared a 4Q16 cash dividend of $0.36 per share of Class A Common Stock, an increase of 9% compared to the dividend for the 4Q15. This dividend is payable on Feb. 28, 2017, to stockholders of record on Feb. 17, 2017.

$AIV {{ '2016-10-28T17:58:04+0000' | timeago}} • Webcast

On Indigo, $AIV said the property is right on track with the initial underwriting. The company would look at a yield there that would be kind of high 4s, low 5s as it stabilizes in the next couple of years. At the time of announcement of acquisition, $AIV expected a stabilized NOI yield of 4.9% and the company is on track to hit that number.

$AIV {{ '2016-10-28T17:53:15+0000' | timeago}} • Webcast

$AIV stated that the company always looks at development opportunities in its target markets. The company added that it currently does not have any development or lease up like investment opportunities in the immediate horizon.

$AIV {{ '2016-10-28T17:45:42+0000' | timeago}} • Webcast

$AIV commented that on the wind down of the affordable asset management business, the two components were; firstly, the amortization of deferred tax credit income and secondly, the operations of the properties itself. The company will try to sell those properties in the next few years, as the properties end its compliance periods.

$AIV {{ '2016-10-28T17:33:06+0000' | timeago}} • Webcast

$AIV invested $44MM in its redevelopment activity, with $16MM in the continuation of projects being executed in phases, $10MM in new starts and the balance in smaller projects. On One Canal and Indigo properties, the company said it is well positioned for 4Q16 and 2017.

$AIV {{ '2016-10-27T22:40:07+0000' | timeago}} • Announcement

$AIV expects 4Q16 EPS of $0.10-0.14, pro forma FFO per share of $0.58-0.62 and adjusted FFO per share of $0.50-0.54. Net operating income growth is expected to be 5.75-6.75% on YoverY basis and 2.5-3.5% on sequential basis.

$AIV {{ '2016-10-27T22:38:31+0000' | timeago}} • Announcement

$AIV narrowed its 2016 EPS guidance to $1.75-1.79 from $1.75-1.83, its pro forma FFO per share outlook to $2.29-2.33 from $2.26-2.34, and adjusted FFO per share estimate to $1.96-2.00 from $1.94-2.02. The company also tightened its revenue growth outlook to 4.7-4.8% from 4.5-5% and net operating income growth to 5.75-6.25% from 5.5-6.5%.

$AIV {{ '2016-10-27T22:34:28+0000' | timeago}} • Announcement

Denver-based REIT $AIV reported a drop in 3Q16 earnings, due to higher depreciation from redevelopment and development projects. Net income fell to $15.51MM or $0.07 per share from $19.18MM or $0.12 per share last year. Total revenues grew to $248.9MM from $246.39MM. Funds from operations (FFO) slid to $0.54 from $0.57 per share.

$AIV {{ '2016-09-15T18:36:38+0000' | timeago}} • Announcement

The BoD of $AIV declared a dividend of $0.4296875 for its Class A cumulative preferred stock. This dividend is payable on October 15, 2016, to shareholders of record on October 1, 2016.

$AIV {{ '2016-08-17T18:13:29+0000' | timeago}} • Announcement

Real estate investment trust $AIV said it completed the acquisition of Indigo in Redwood City, California for $320MM. Indigo is a ten-story luxury community of 416 well-appointed apartment homes. Indigo also offers 47 penthouse level units and the community is currently 27% leased.

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