10-Q quarterly report · filed Jul 29, 2016

Apartment Investment & Management Co (AIV) Q2 2016 10-Q Quarterly Report

Short answer

Apartment Investment & Management Co (AIV) filed its Q2 2016 10-Q quarterly report on Jul 29, 2016 for the quarter ended Jun 30, 2016.

Apartment Investment & Management Co Q2 2016 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Conventional property revenue $202.9M, up 5.9% YoY from $191.6M
  • Conventional operating margin 67%, free cash flow margin 62%; same-store NOI $115.6M, up 4.1%
  • Best segment: Affordable NOI up 12.1% YoY; weakest: Other Conventional NOI down 8.1% to $5.2M
  • Operating cash flow $176.8M, up $19.5M YoY; capital expenditures $166.0M
  • Outlook: 2016 development and redevelopment spending $180M-$220M; property upgrade spending $70M-$75M

Risk Factors

  • No material changes to risk factors identified in the provided 10-Q text
  • Environmental liability: EPA proposed National Priorities List designation for former Indiana community contamination
  • Environmental compliance: proposed Lake Tahoe cleanup order could require additional groundwater investigation and corrective actions
  • Capital commitment risk: $320.0 million Northern California acquisition supported by a nonrefundable $25.0 million deposit
  • Financial leverage: total indebtedness increased to $4.0 billion from $3.8 billion at December 31, 2015

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

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