-=Apartment Investment & Mgmt (AIV) completes separation of Apartment Income REIT Corp. (AIRC)

Apartment Investment & Mgmt (AIV) completes the separation of Apartment Income REIT Corp. (AIRC). As a reminder, the company is leaving the S&P 500 prior to the open on Dec. 21. 

 

-=Apartment Investment & Mgmt (AIV) reported earnings on Thur 26 Oct 2017 (a/h)

• Div/yield 0.36/3.25

Apartment Investment & Mgmt beats by $0.02; guides Q4 FFO in-line; guides FY17 FFO in-line 

• Reports Q3 (Sep) funds from operations of $0.63 per share, $0.02 better than the Capital IQ Consensus of $0.61.
• Chairman and Chief Executive Officer Terry Considine comments: "Business is good. Aimco had a solid third quarter, with strong results from disciplined execution of its business plan. We are on track to meet the FFO and AFFO guidance given at the start of the year."
• Co issues in-line guidancefor Q4, sees FFO of $0.60-$0.64 vs. $0.63 Capital IQ Consensus Estimate.
• Co issues in-line guidance for FY17, sees FFO of $2.42-$2.46 vs. $2.44 Capital IQ Consensus Estimate.