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Apartment Investment Management: Q1 Earnings Snapshot

May 9, 2022 GMT

DENVER (AP) _ Apartment Investment and Management Co. (AIV) on Monday reported first-quarter earnings of $8.2 million.

The Denver-based company said it had net income of 5 cents per share.

The real estate investment trust posted revenue of $50 million in the period.

Apartment Investment Management shares have dropped 26% since the beginning of the year, while the S&P’s 500 index has fallen 16%. In the final minutes of trading on Monday, shares hit $5.74, a decrease 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