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Jun 30, 2022
AIMCO Q2 2022 Earnings Report
Announced second quarter results for 2022 and provided highlights on recent activities.
Key Takeaways
Aimco reported strong second quarter results, with net income per share of $1.57, driven by the termination of AIR leases and gains from property sales. Revenue and NOI from stabilized operating properties increased significantly, and the company made progress on development projects and balance sheet improvements.
Net income attributable to common stockholders per share was $1.57, compared to $(0.13) for the same period in 2021.
Second Quarter 2022 Revenue and NOI from Aimco’s Stabilized Operating Properties were up 11.2% and 14.4%, respectively, year over year.
Occupancy of 97.7%, up 20 basis points year over year.
Aimco reached an agreement with AIR that will result in more than $100 million of realized Value Creation, net of costs for Aimco shareholders and eliminate the $469 million obligation related to the four leased properties from AIR.
Forward Guidance
This document contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include all statements that are not historical statements of fact and those regarding our intent, belief, or expectations, including, but not limited to, the statements in this document regarding our 2022 plans and goals, including our 2022 pipeline investments and projects, our plans to eliminate certain near term debt maturities, our estimated value creation and potential, our timing, scheduling and budgeting, our plans to form joint ventures, and the return to in-person activities.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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