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AIRC Aimco Properties

Aimco is a Maryland corporation incorporated on January 10, 1994. Aimco is a self-administered and self-managed real estate investment trust, or REIT, focused on the ownership, management, redevelopment, and some development of quality apartment communities located in several of the largest markets in the United States. Those markets include: Atlanta; the San Francisco Bay Area; Boston; Chicago; Denver; Greater New York City; Greater Washington, D.C.; Los Angeles; Miami/Dade County; Philadelphia; San Diego; and Seattle. Aimco, through its wholly owned subsidiaries, AIMCO-GP Inc. and AIMCO-LP Trust, owns a majority of the ownership interests in the Aimco Operating Partnership, a Delaware limited partnership formed on May 16, 1994. Aimco conducts all of its business and owns all of its assets through the Aimco Operating Partnership.

Company profile

Ticker
AIRC
Exchange
Employees
Incorporated
Location
Fiscal year end
Former names
AIMCO PROPERTIES LP
SEC CIK
IRS number
841275621

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

6 May 21
24 Jun 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 75.75M 75.75M 75.75M 75.75M 75.75M 75.75M
Cash burn (monthly) (positive/no burn) 24.08M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 67.11M n/a n/a n/a n/a
Cash remaining n/a 8.64M n/a n/a n/a n/a
Runway (months of cash) n/a 0.4 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
14 Dec 20 Aimco Properties Common Limited Partnership Units Other Dispose J No No 0 156,797,158.935 0 0
13 Dec 20 Considine Terry LTIP II Units of AIMCO Properties, L.P. Partnership Common Units Grant Aquire A No No 0 174,789 0 174,789
13 Dec 20 Considine Terry LTIP Units of AIMCO Properties, L.P. Partnership Common Units Grant Aquire A No No 0 34,690 0 34,690

Financial report summary

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Management Discussion
  • Because our operating results depend primarily on income from our apartment communities, the supply of and demand for apartments influences our operating results. Additionally, the level of expenses required to operate and maintain our apartment communities and the pace and price at which we acquire and dispose of our apartment communities affects our operating results.
  • Net income from continuing operations attributable to common stockholders per common share, on a dilutive basis was $0.56 for the three months ended March 31, 2021.
  • Pro forma FFO per share was $0.50 for the three months ended March 31, 2021.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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