10-Q quarterly report · filed May 1, 2015

Apartment Investment & Management Co (AIV) Q1 2015 10-Q Quarterly Report

Short answer

Apartment Investment & Management Co (AIV) filed its Q1 2015 10-Q quarterly report on May 1, 2015 for the quarter ended Mar 31, 2015.

Apartment Investment & Management Co Q1 2015 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue: conventional $201.9M, up 9.9% YoY; affordable $24.2M, up 3.6% YoY
  • Conventional NOI $132.1M, up 11.2% YoY; affordable NOI $14.0M, up 6.8% YoY
  • Best performer: Conventional Redevelopment NOI $9.4M, up 54.9% YoY; worst: Affordable Same Store revenue $22.0M, up 2.7%
  • Cash $164.5M, up $135.5M; operating cash flow $64.7M, up $9.9M YoY
  • Capital deployment: $71.7M capital expenditures, $23.5M redevelopment, $17.8M development, $366.6M common equity proceeds
  • Outlook: expected covenant compliance next 12 months; headwinds include lending-market changes, interest rates, economic conditions and severe weather

Risk Factors

  • No material changes from the December 31, 2014 Form 10-K risk factors
  • Carried-forward risks include real estate market volatility
  • Carried-forward risks include regulatory and compliance exposure
  • Carried-forward risks include liquidity and debt obligations

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

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