10-Q quarterly report · filed Oct 31, 2014

Apartment Investment & Management Co (AIV) Q3 2014 10-Q Quarterly Report

Short answer

Apartment Investment & Management Co (AIV) filed its Q3 2014 10-Q quarterly report on Oct 31, 2014 for the quarter ended Sep 30, 2014.

Apartment Investment & Management Co Q3 2014 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Quarterly property revenue $219.7M, up 7.3% YoY, led by Conventional revenue growth of 7.9% to $196.0M
  • Conventional redevelopment best performer: NOI $8.4M, up 83.5% YoY; Affordable NOI $14.5M, up 4.3%
  • Conventional retained portfolio revenue $1,649 per home, up 15.6% YoY; operating margin 65%, free cash flow margin 58%
  • Cash $29.2M, down $26.6M; restricted cash $166.0M, up $39.0M; nine-month operating cash flow $233.4M
  • $120.8M preferred-stock proceeds primarily repaid Credit Agreement borrowings; potential 2015 special dividend and lending-environment risks cited

Risk Factors

  • No material changes from the December 31, 2013 Form 10-K risk factors
  • Carried-forward risks include Aimco’s apartment property and real estate market exposure
  • Continued regulatory and compliance risks affecting multifamily housing operations
  • Ongoing liquidity, financing, and debt maturity risks tied to real estate ownership

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

Other Apartment Investment & Management Co quarterly reports

Ask about this quarter

Compare quarters, check guidance or see what insiders and funds did around the report.