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Sep 30, 2022
AIMCO Q3 2022 Earnings Report
Announced third quarter results for 2022 and provided highlights on recent activities.
Key Takeaways
Aimco reported a productive third quarter, highlighted by revenues up 11.5% and NOI up 17.5% year over year from stabilized operating properties. The company monetized over $900 million of assets during 2022, added to its development pipeline, and repurchased over one million shares of Aimco common stock.
Net income attributable to common stockholders per share, on a fully dilutive basis, was $0.19.
Third Quarter 2022 Revenue and NOI from Aimco’s Stabilized Operating Properties were up 11.5% and 17.5%, respectively, year over year.
Aimco closed the previously announced $669 million lease termination transaction with AIR that returned the four leased properties to AIR in exchange for a payment to Aimco of $200 million.
Aimco completed the early repayment of the $534 million of notes due to AIR, originally scheduled to mature in January 2024.
AIMCO
AIMCO
Forward Guidance
This document contains forward-looking statements within the meaning of the federal securities laws.