Aimco Reports 2Q 2019 Results; Raises Same Store and AFFO Guidance
Last apartment investment earnings: 1/30 04:15 pm
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US:NYSE Investor Relations: investors.aimco.com
DENVER--(BUSINESS WIRE)--Apartment Investment and Management Company (“Aimco”) (NYSE: AIV) announced today second quarter results for 2019.Chairman and Chief Executive Officer Terry Considine comments: “Aimco had another solid quarter, raising guidance for a second time this year. In Operations, we achieved peer-leading growth in revenue, margins, and bottom-line. We expanded the scope of work for accretive redevelopment of Flamingo Point in Miami Beach and, in early July, acquired a 95% interest in waterfront land, adjacent to our Yacht Club community in Brickell, currently improved with an office building. We also acquired a property under construction in Kendall Square in Cambridge, Massachusetts. We reduced our cost of leverage by refinancing with lower-cost property loans. And we were recognized as a Top Work Place in the San Francisco Bay Area and in Colorado (for the seventh consecutive year). We are upbeat about our prospects to create value for our residents, teammates, a
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