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Aimco announced first quarter results for 2024, reporting a net loss per share of $(0.07) compared to $(0.06) in 2023. Revenue, expenses, and NOI from Stabilized Properties increased. Aimco acquired 0.9 million shares of its common stock. CEO highlighted progress in development projects and plans to sell assets to unlock value. Operating Property Results showed revenue growth and increased rents. Aimco invested in development projects and plans to market for sale certain assets. Balance sheet remains strong with access to $290.4 million. Aimco repurchased shares and is committed to enhancing stockholder value.
Apartment Investment and Management Company (Aimco) announced the release date for their 2024 first-quarter earnings. Aimco focuses on value-add and opportunistic investments in the U.S. multifamily sector. The company aims to create substantial value for investors, teammates, and communities where they operate. Aimco is listed on the NYSE as AIV.