Aimco Reports Q4 Pro Forma FFO Per Share Of $0.54 - Quick Facts

(RTTNews) - Apartment Investment and Management Company (AIV) reported fourth-quarter income from continuing operations of $19.31 million or $0.25 per share, compared to $26.80 million or $0.25 per share, prior year. AFFO per share was $0.43, for the quarter. Pro forma FFO per share was $0.54, compared to $0.57.

On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.56 for the quarter. Analysts' estimates typically exclude special items.

Revenue decreased to $242.18 million from $250.86 million last year. Analysts expected revenue of $238.37 million for the quarter.

For 2015, the company expects pro forma FFO per share in the range of $2.12 to $2.22; and AFFO per share in the range of $1.80 to $1.90. Analysts expect the company to report fiscal 2015 earnings per share of $2.21.

For first quarter, pro forma FFO per share is expected to be in the range of $0.48 to $0.52, and AFFO per share in the range of $0.41 to $0.45. Analysts expect the company to report first-quarter earnings per share of $0.52.