Apartment Investment Management: Q2 Earnings Snapshot

August 4, 2022 GMT

DENVER (AP) _ Apartment Investment and Management Co. (AIV) on Thursday reported second-quarter net income of $239.1 million, after reporting a loss in the same period a year earlier.

The Denver-based company said it had net income of $1.57 per share. Losses, adjusted for non-recurring gains, came to 1 cent per share.

The real estate investment trust posted revenue of $50.7 million in the period.

Apartment Investment Management shares have risen slightly more than 2% since the beginning of the year, while the S&P’s 500 index has dropped 13%. In the final minutes of trading on Thursday, shares hit $7.90, a rise of 18% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AIV at https://www.zacks.com/ap/AIV