10-Q quarterly report · filed Aug 7, 2018

Apartment Investment & Management Co (AIV) Q2 2018 10-Q Quarterly Report

Short answer

Apartment Investment & Management Co (AIV) filed its Q2 2018 10-Q quarterly report on Aug 7, 2018 for the quarter ended Jun 30, 2018.

Apartment Investment & Management Co Q2 2018 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Proportionate property revenue $214.5M, up 10.6% YoY from $193.9M
  • Property NOI $153.5M, up 11.0% YoY, with NOI margin 71.6% vs 71.3%
  • Best performer Other Real Estate NOI $45.1M, up 35.7%; Same Store NOI $108.5M, up 3.2%
  • Operating cash flow $185.6M in six months, up $8.1M; capital expenditures $164.1M
  • July dispositions generated approximately $512M net proceeds, repaying the term loan and revolving credit borrowings; 2018 redevelopment spending outlook $120M to $200M

Risk Factors

  • No material changes from the December 31, 2017 Form 10-K risk factors
  • Carried-forward risks include real estate market volatility affecting property values and rental income
  • Carried-forward risks include regulatory and legal requirements applicable to multifamily housing operations
  • Carried-forward risks include reliance on property-level operating performance and competitive rental markets

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

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