Apartment Investment Management: Q2 Earnings Snapshot
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.