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Stock impact report

Aimco Reports Fourth Quarter Results, Establishes 2024 Guidance, and Provides Highlights on Recent and Planned Activities

Apartment Investment and Management Company (AIV) 
Last apartment investment and management company earnings: 1/30 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.aimco.com
Company Research Source: Business Wire
DENVER--(BUSINESS WIRE)--Apartment Investment and Management Company (“Aimco”) (NYSE: AIV) announced today fourth quarter results for 2023, established 2024 guidance, and provided highlights on recent and planned activities.Dear fellow and prospective stockholders,I am pleased to report on our prior year results and provide you with our plans and goals for 2024.While 2023 was a turbulent year on many fronts, the Aimco team delivered solid results and continued our efforts to increase stockholder value through effective investment management, prudent capital allocation, and continued simplification of the business.Aimco’s portfolio of Stabilized Operating Properties produced $106 million of net operating income ("NOI") in 2023, an increase of 9.3% over 2022. Monthly revenue was up by nearly $200 per home and NOI margins expanded by 80 bps. During the fourth quarter, average daily occupancy increased to 97.5% and revenue per home was up 6.7% year-over-year.In 2023, we invested $234 Show less Read more
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