Aimco Q1 net loss $(0.07)/share; NOI growth 6.5%; advances Miami asset sales

Aimco OP L.P.

Net loss per share $(0.07) vs $(0.06) in Q1 2023; net loss attributable to common stockholders widened.
Stabilized Operating Properties NOI grew 6.5% YoY to $27.1M; average monthly rent up 5.4% to $2,348.
Repurchased 0.9M shares at avg $7.49; since 2022, repurchased 10.6M shares at avg $7.31.
Plans to sell Brickell office (605K sq ft) & Yacht Club (357 units) and Hamilton in Miami by end 2024.
2024 outlook maintained: net loss $(0.50)-$(0.40)/share; active developments on budget at $648M total direct costs.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Aimco OP L.P. reported the quarter ended March 31, 2024 results: EPS $(0.07) for the quarter ended March 31, 2024.

Period: the quarter ended March 31, 2024
EPS: $(0.07) for the quarter ended March 31, 2024
Result: reported results

Exact text from the filing

Net loss attributable to common stockholders per share, on a fully dilutive basis, was $(0.07) for the quarter ended March 31, 2024

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Source: SEC EDGAR

accession 0000950170-24-055743

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