Streetbeat News

AIV

Apartment Investment and Management Company

https://www.aimco.com

Industry

REIT - Residential

Aimco is a Real Estate Investment Trust focused on property development, redevelopment, and various other value-creating investment strategies, targeting the U.S. multifamily market. Aimco's mission is to make real estate investments where outcomes are enhanced through human capital and substantial value is created for investors, teammates, and the communities in which we operate. Aimco is traded on the New York Stock Exchange as AIV. For more information about Aimco, please visit our website www.aimco.com.

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U.S. apartment rents might experience negative growth rates as early as next month due to a surge in supply. The annual growth rate stood at 11% a year ago, but rents in August registered a marginal 0.28% rise compared to the same period last year. Elevated mortgage rates, soaring home prices, and limited availability have anchored potential buyers to the rental market. Meanwhile, 460,000 new units are slated for completion this year, marking a 50-year high in construction. This influx is expected to erode landlords' pricing power. Stocks to watch in the housing development space include AvalonBay Communities Inc, UDR Inc, Mid-America Apartment Communities Inc, Apartment Investment and Management Co, and Essex Property Trust Inc.

Portfolio Pulse from AJ Fabino

September 08, 2023 | 8:50 pm

Apartment Inv & Mgmt (NYSE:AIV) reported Q2 losses of $(0.02) per share, a 101.27% decrease YoY. Sales also decreased by 9.91% to $45.67M from $50.70M YoY.

Portfolio Pulse from bharat@benzinga.com

August 07, 2023 | 8:33 pm

Wolfe Research analyst Andrew Rosivach has initiated coverage on Apartment Inv & Mgmt (NYSE:AIV) with a Peer Perform rating.

Portfolio Pulse from richadhand@benzinga.com

July 31, 2023 | 11:18 am

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