Apartment Investment Management: Q1 Earnings Snapshot
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.