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Sep 30, 2024
AIMCO Q3 2024 Earnings Report
AIMCO reported third quarter results, updated 2024 guidance, and provided highlights on recent and planned activities.
Key Takeaways
AIMCO's net loss attributable to common stockholders per share was $(0.16) for the quarter ended September 30, 2024. Revenue, expenses, and NOI from Stabilized Operating Properties increased 4.1%, 10.6%, and 1.6%, respectively, year-over-year. The company substantially completed construction at its Strathmore Square project and began construction on an ultra-luxury residential tower at 640 NE 34th Street in Miami, Florida.
Net loss attributable to common stockholders per share was $(0.16).
Revenue from Aimco’s Stabilized Operating Properties increased 4.1% year-over-year.
Construction began on an ultra-luxury residential tower in Miami's Edgewater neighborhood.
Agreements were announced to sell interests in two investments in Miami, Florida for $203.8 million.
AIMCO
AIMCO
Forward Guidance
Aimco provided its 2024 outlook, including forecasts for net income per share, operating property revenue growth, operating expense growth, and net operating income growth.