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Stock impact report

Aimco Reports Third Quarter Results, Updates 2024 Guidance, and Provides Highlights on Recent Activities [Yahoo! Finance]

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: Yahoo! Finance
2024, updated 2024 guidance, and provided highlights on recent and planned activities. Financial Results and Highlights Aimco's net loss attributable to common stockholders per share, on a fully dilutive basis, was for the quarter ended September 30, 2024 , as higher net contributions from multifamily property operations were offset by increases in interest expense and depreciation related to advancing and completing development projects. Third quarter 2024 revenue, expenses, and net operating income ("NOI") from Aimco's Stabilized Operating Properties increased 4.1%, 10.6%, and 1.6%, respectively, year-over-year, with average monthly revenue per apartment home increasing by 2.4% to and average daily occupancy increasing by 160 basis points to 96.8%. During the third quarter, Aimco substantially completed construction at its Strathmore Square project located in Bethesda, Maryland and began construction on an ultra-luxury residential tower located at 640 NE 34th Street ("34 th Show less Read more
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