Aimco Reports First Quarter 2025 Results and Recent Highlights

About this update from Apartment Investment And Management Company

[{"type":"text","content":"DENVER, May 8, 2025 /PRNewswire/ -- Apartment Investment and Management Company ("Aimco") (NYSE: AIV) announced today first quarter results for 2025 and provided highlights on recent activities.","length":204,"tagName":"p"},{"type":"image","alt":"Aimco (PRNewsfoto/Apartment Investment and Management Company (Aimco))","displaySize":"","headline":null,"caption":"Aimco (PRNewsfoto/Apartment Investment and Management Company (Aimco))","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":162,"url":"https://media.zenfs.com/en/prnewswire.com/c1d23885b5b34e774fe7c3ca535f5fbb"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/LZsN6.NmjRg3_2NKY8aSCw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI4NjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/c1d23885b5b34e774fe7c3ca535f5fbb","width":400,"height":162}},"href":"https://mma.prnewswire.com/media/2401790/Aimco_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Financial Results","length":17,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Aimco's net loss attributable to common stockholders per share, on a fully dilutive basis, was $(0.10) for the quarter ended March 31, 2025.","length":144,"tagName":"p"}]},{"val":[{"type":"text","content":"Net Operating Income ("NOI") from Aimco's Stabilized Operating Properties was $25.1 million in the first quarter 2025, up 2.7% year-over-year.","length":156,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":300,"olType":false},{"type":"text","content":"CEO Commentary","length":14,"tagName":"p"},{"type":"text","content":"Wes Powell, Aimco President and Chief Executive Officer, comments:","length":66,"tagName":"p"},{"type":"text","content":""We continue to see strong demand for rental housing across the Aimco portfolio.","length":85,"tagName":"p"},{"type":"text","content":""At our stabilized properties, primarily located in suburban Boston and Chicago, average revenue per home is now greater than $2,300 per month and effective rental rate growth accelerated in April, increasing 5.8% over the prior lease. In addition, 2025 average daily occupancy has remained strong through April at greater than 97%, in line with 2024.","length":356,"tagName":"p"},{"type":"text","content":""In April, we completed the lease-up of our luxury sin...

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