AIMCO updates FY 2024 earnings guidance slightly above expectations, but stock drops 1.7%.
Apartment Investment and Management (AIMCO) updated its Fiscal Year 2024 earnings guidance with an expected EPS of -0.820 to -0.770, slightly above analysts' expectations of -0.730. Despite this, its stock fell 1.7% on Friday to $8.54. The company reported a negative net margin of 113.14% and a negative return on equity of 51.94% in its latest quarterly report. AIMCO focuses on real estate investments in the U.S. multifamily sector.
4 months ago
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