Aimco Q4 Profit Matches Estimates - Quick Facts

(RTTNews) - Apartment Investment and Management Company (AIV), or Aimco, reported that its fourth-quarter net income attributable to stockholders increased year-over-year to $122.04 million or $0.84 per share, from $67.93 million or $0.47 per share. Income from continuing operations increased to $26.80 million, from $7.84 million. Income per share from continuing operations was $0.25, compared to a loss of $0.01 per share, prior year.

Pro forma funds from perations per share, was $0.57, compared to $0.52, a year ago. Adjusted FFO per share was $0.43, compared to $0.38, prior year.

On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $0.57 for the quarter. Analysts' estimates typically exclude special items.

Total revenues rose year-over-year to $250.86 million, from $247.71 million. Analysts expected revenue of $246.24 million for the quarter.

For 2014, the company expects: net income per share in the range of $0.30 to $0.40; pro forma FFO per share in the range of $2.00 to $2.10; and AFFO per share in the range of $1.63 to $1.73. Analysts expect the company to report fiscal 2014 profit per share of $2.18.

For the first-quarter, the company expects: net income per share in the range of $0.03 to $0.07; pro forma FFO per share in the range of $0.46 to $0.50; and AFFO per share in the range of $0.38 to $0.44. Analysts expect the company to report first-quarter profit per share of $0.51.