Loading...
•
Sep 30, 2021
AIMCO Q3 2021 Earnings Report
Announced third quarter results for 2021.
Key Takeaways
Aimco reported a net loss attributable to common stockholders per share of $(0.03) for the quarter ended September 30, 2021. Revenue from Aimco’s Operating Properties was up 3.8% from the second quarter and 6.9% year-over-year, with occupancy of 97.8%, up 280 basis points year-over-year. Aimco closed $60 million of property financing and ended the third quarter with $413 million of liquidity.
Net loss attributable to common stockholders per share, on a dilutive basis, was $(0.03) for the quarter ended September 30, 2021.
Aimco Total Shareholder Return was 43.6% year-to-date through October 2021.
Strong demand for Aimco’s Development and Redevelopment projects contributed $3.2 million in revenue during the period, up nearly 30% from the second quarter.
Aimco closed $60 million of property financing and ended the third quarter with $413 million of liquidity.
AIMCO
AIMCO
Forward Guidance
Aimco plans to reinvest earnings to facilitate growth and, therefore, does not presently intend to pay a regular cash dividend.