Apartment Investment & Management Co (AIV) Q1 2019 10-Q Quarterly Earnings

Short answer

Apartment Investment & Management Co (AIV) filed its Q1 2019 10-Q quarterly report on May 6, 2019 for the quarter ended Mar 31, 2019.

AI summary of MD&A and risk factor updates

Property revenue $215.5M, up 9.1% YoY from $197.6M
Net income attributable to Aimco $271.6M vs $81.5M; net income per share $1.88 vs $0.54
Best segment Acquisition NOI $7.1M, up 575.3%; worst Other Real Estate NOI $5.6M, up 2.0%
Operating cash flow $81.6M, up $0.3M; investing cash flow $252.4M, including $340.2M net disposition proceeds
$45.1M redevelopment investment; planned capital enhancements $80M-$100M for 2019, with financing and capital-spending risks flagged

No material changes to 2018 10-K risk factors reported
Environmental liability: EPA and IDEM discussions continue over contaminated groundwater at a former Indiana property
Market risk: competitive new housing supply and local economic conditions could pressure occupancy and rental growth
Financial risk: $3.9 billion total indebtedness, with 7.4% of property debt maturing annually during 2020 through 2022
Regulatory compliance: REIT status depends on meeting complex Internal Revenue Code requirements through operations, distributions and ownership diversity

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

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