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Apartment Investment and Management Co (AIV.N)

AIV.N on New York Stock Exchange

45.41USD
17 Aug 2017
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$-0.01 (-0.02%)
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Latest Key Developments (Source: Significant Developments)

AIMCO, others enter amendment, restatement of borrowers' existing senior secured revolving loan facility
Wednesday, 5 Jul 2017 04:46pm EDT 

July 5 (Reuters) - Apartment Investment And Management Co ::Apartment Investment And Management Co - on June 30, co, others entered amendment, restatement of borrowers' existing senior secured revolving loan facility.Apartment Investment And Management Co - new loan facility entered into to provide a portion of financing for purchase of 47% interest in Palazzo JV.Apartment Investment And Management-facility provides for $250 million term loan facility which was funded June 30, continues existing $600 million revolving facility.Apartment Investment And Management- borrowers have ability to increase aggregate revolving commitments and/or term loan commitments by up to $200 million.Apartment Investment And Management Co says term facility matures on June 30, 2018, but may be extended by one year, subject to conditions- SEC filing.Apartment Investment And Management Co - revolving commitments will expire on January 22, 2022.  Full Article

Aimco acquires 100 pct ownership of Palazzo Properties for $451.5 mln
Wednesday, 5 Jul 2017 04:15pm EDT 

July 5 (Reuters) - Apartment Investment And Management Co ::Aimco acquires 100% ownership of palazzo properties.Deal for $451.5 million.Apartment investment and management co - transaction is expected to result in a 150 basis points higher free cash flow internal rate of return.Apartment investment and management co says acquisition was funded by taking title subject to existing allocable debt of $140.5 million.Apartment investment and management - acquired 47% interest in Palazzo Jv owned by institutional investors advised by J.P. Morgan asset management.Apartment investment and management -deal was also funded by payment of $311 million in cash proceeds funded with bank borrowings pending sales of properties.  Full Article

Apartment Investment and Management files an amended complaint against Airbnb
Wednesday, 7 Jun 2017 05:32pm EDT 

June 7 (Reuters) - Apartment Investment and Management Co : :Apartment Investment and Management Co- filed an amended complaint against Airbnb in superior court of California.Apartment Investment and Management - ‍complaint seeking injunctive relief and restitution under that state's unfair competition law.Apartment Investment And Management- complaint broadening claims to include apartment owners whose properties rented "without Airbnb's first obtaining their permission".  Full Article

Apartment Investment And Management Q1 affo $0.51 per share
Thursday, 27 Apr 2017 04:18pm EDT 

April 27 (Reuters) - Apartment Investment And Management Co ::Apartment Investment And Management Co - full year 2017 guidance is unchanged.Apartment Investment And Management Co- q1 affo of $0.51 per share.Apartment Investment And Management Co - sees q2 funds from operations affo per share $0.46 to $0.50.Apartment Investment And Management Co - sees q2 pro forma ffo per share $0.56 to $0.60.Q1 earnings per share view $0.10, revenue view $243.4 million -- Thomson Reuters I/B/E/S.Q2 FFO per share view $0.60 -- Thomson Reuters I/B/E/S.Qtrly pro forma ffo per share $0.58.Q1 FFO per share view $0.58 -- Thomson Reuters I/B/E/S.  Full Article

Aimco files suit in California and FLorida against Airbnb
Thursday, 16 Feb 2017 12:06pm EST 

Apartment Investment And Management Co : has filed suit in California and Florida state courts seeking monetary damages against Airbnb .suit also seeks to prevent Airbnb from assisting Aimco tenants to breach their leases in order to sublet their apartments.  Full Article

Apartment Investment and Management qtrly adjusted funds from operations $0.50
Thursday, 2 Feb 2017 04:15pm EST 

Apartment Investment And Management Co : Qtrly adjusted funds from operations $ 0.50 . Apartment Investment and Management Co - By end of 2018, we project average revenues per apartment home of approximately $2,130 . Apartment Investment and Management Co - Qtrly FFO per share was $0.60 . Qtrly adjusted funds from operations $ 0.50 . Q4 FFO per share view $0.60 -- Thomson Reuters I/B/E/S . Qtrly revenue $160.7 million versus.$153.9 million . Apartment Investment and Management Co - Sees 2017 AFFO per share $2.07 to $2.17 . Apartment Investment and Management Co - Sees 2017 pro forma FFO per share $2.39 to $2.49 . Apartment Investment and Management Co - Sees Q1 pro forma FFO per share $0.55 to $0.59 . Apartment Investment and Management Co - Sees Q1 AFFO per share $0.48 to $0.52 . FY2017 FFO per share view $2.45 -- Thomson Reuters I/B/E/S . Q1 FFO per share view $0.59 -- Thomson Reuters I/B/E/S . 2017 FFO and AFFO growth are expected to accelerate compared to 2016 .Qtrly pro forma FFO $ 0.60.  Full Article

Aimco increases quarterly dividend to $0.36 per share
Tuesday, 31 Jan 2017 04:30pm EST 

Aimco : Aimco increases quarterly common dividend 9% to $0.36 per share .Increases quarterly cash dividend by 9 percent to $0.36per share.  Full Article

Aimco finalizes acquisition of luxury apartment community in Redwood City
Wednesday, 17 Aug 2016 08:48am EDT 

Apartment Investment And Management Co : Aimco finalizes acquisition of luxury apartment community in Redwood City .$320 million acquisition was primarily funded with §1031 like-kind exchange proceeds from sales completed earlier this year.  Full Article

Aimco Q2 adjusted FFO per share $0.50
Thursday, 28 Jul 2016 04:15pm EDT 

Apartment Investment And Management Co : Qtrly FFO per share $ 0.59 . As part of its portfolio strategy, Aimco seeks to sell each year lowest-rated 5% to 10% of its portfolio . Apartment investment and management co sees FY 2016 AFFO earnings per share $1.94 to $2.02 . Raised full year 2016 guidance . Sees q3 pro forma ffo per share $0.52 to $0.56 . Sees Q3 AFFO per share $0.43 to $0.47 . Sees fy revenue change compared to prior year 4.50% to 5.00% . Fy2016 FFO per share view $2.31 -- Thomson Reuters I/B/E/S . Aimco reports second quarter results, raises 2016 guidance . Q2 adjusted FFO per share $0.50 . Apartment investment and management co sees fy 2016 pro forma FFO per share $2.26 to $2.34 . Apartment investment and management co sees Q3 AFFO earnings per share $0.52 to $0.56 . Sees fy pro forma ffo per share $2.26 to $2.34 . Sees fy affo per share $1.94 to $2.02 . Q3 FFO per share view $0.57 -- Thomson Reuters I/B/E/S .Q2 FFO per share view $0.57 -- Thomson Reuters I/B/E/S.  Full Article

Apartment Investment and Management Co narrows FY 2015 AFFO guidance; gives Q4 2015 AFFO guidance below analysts' estimates
Tuesday, 3 Nov 2015 04:05pm EST 

Apartment Investment and Management Co:Sees Q4 2015 Net income per share of $0.11 to $0.15.Sees Q4 2015 Pro forma FFO per share of $0.56 to $0.60.Sees Q4 2015 AFFO per share of $0.47 to $0.51.Sees FY 2015 net income per share of $1.20 to $1.24.Sees FY 2015 pro forma FFO per share of $2.20 to $2.24.Sees FY 2015 AFFO per share of $1.87 to $1.91.Q4 2015 AFFO of $0.58 - Thomson Reuters I/B/E/S.FY 2015 AFFO of $2.22 - Thomson Reuters I/B/E/S.  Full Article

EU mergers and takeovers (Aug 9)

BRUSSELS, Aug 9 The following are mergers under review by the European Commission and a brief guide to the EU merger process: