NYSE$AIV

Apartment Investment and Management Co · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Same Store NOI was up 5.0%; FFO was up 10%; AFFO was up 9%.

Aimco announced first quarter results for 2020, revealing solid AFFO per share of $0.60, a 9% year-over-year increase, and Same Store NOI growth of 5.0%. The company also detailed its response to the COVID-19 pandemic, including measures to ensure the health and safety of teammates and support residents.

  • Aimco prioritized the health and safety of teammates, adapting work processes and ensuring teammates felt safe at work.
  • The company focused on making properties safer for customers by increasing cleaning and reducing in-person interactions.
  • Aimco redeployed staff to support property service teams and assist residents with financial advice, job searches, and errands.
  • The company reduced expected 2020 capital spending by $150 million and increased available credit by $720 million to enhance financial liquidity.

Headline financials

Total Revenue

$225M

Previous: $230M-2.5%
EPS (adj)

$0.67

Previous: $0.61+9.8%
Average Daily Occupancy

97.6%

Previous: 97.0%+0.6%
Avg Revenue per Home

$2.29K

No prior period
Capital Expenditures

-$97.6M

Previous: -$87.8M-11.2%
Free Cash Flow

-$90.9M

Previous: $186M-148.8%
Net Income

$6.72M

Previous: $274M-97.5%
Operating Income

$35.7M

Previous: -$37.8M+194.4%
Gross Profit

$225M

Previous: $151M+48.7%
Cash & Equivalents

$341M

Previous: $162M+110.1%
Total Assets

$7.05B

Previous: $6.28B+12.2%

Revenue & EPS history

AIMCO · Revenue · Quarterly

$225M

Q1 2020-2.5%vs Q1 2019
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

Aimco is expecting that the construction will be completed in the third quarter.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.3%

Avg return

Earnings day

+0.1%

Avg return

5 days after

+0.7%

Avg return

30 days after

50%

25 / 50 earnings

Positive

+11.0%

Q4 2020

Best reaction

-9.7%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.4%-1.2%-31.8%
Q4 2025+3.2%-21.3%-29.2%
Q3 2025+6.0%+5.2%+6.7%
Q1 2025-1.5%-0.3%+4.3%
Q4 2024+0.1%+1.3%-3.1%
Q3 2024-1.6%-0.8%+0.0%
Q2 2024-2.6%-2.5%-0.7%
Q1 2024-1.2%-1.9%-3.5%
Q4 2023-6.9%-7.4%+1.9%
Q3 2023+1.3%-0.2%+12.3%
Q2 2023+0.9%+1.0%-7.3%
Q1 2023+3.4%+9.8%+12.0%
Q4 2022-3.2%-0.9%-9.2%
Q3 2022-3.5%+3.1%+7.9%
Q2 2022+8.4%+13.2%+14.7%
Q1 2022-9.7%-3.2%+4.0%
Q4 2021+2.5%+2.5%+2.5%
Q3 2021-0.4%+1.4%+0.3%
Q2 2021-1.5%-1.9%+2.4%
Q1 2021+4.2%+3.6%+5.9%
Q4 2020+11.0%+12.0%+22.4%
Q3 2020+5.6%-10.7%+1.9%
Q2 2020-5.8%-4.6%-5.5%
Q1 2020+5.0%-1.7%+17.2%
Q4 2019-0.6%+0.3%-9.8%
Q3 2019+1.2%-1.8%-1.5%
Q2 2019+1.4%+1.0%+2.9%
Q1 2019+1.4%-0.5%+1.2%
Q4 2018+0.6%+0.4%+0.4%
Q3 2018+1.1%+4.1%+9.4%
Q2 2018+2.4%+1.5%+2.4%
Q1 2018-0.2%-0.5%+1.3%
Q4 2017-3.1%-5.3%-8.2%
Q3 2017+1.5%+0.6%+2.4%
Q2 2017+3.1%+3.9%+4.3%
Q1 2017-2.5%-3.8%-3.7%
Q4 2016+2.8%+3.4%+5.0%
Q3 2016-0.6%+1.2%-4.8%
Q2 2016+5.0%+3.1%+1.2%
Q1 2016-0.4%
Q4 2015-6.6%
Q3 2015-4.4%
Q2 2015-1.4%
Q1 2015-0.1%
Q4 2014-2.7%
Q3 2014+4.4%
Q2 2014-2.2%
Q1 2014+1.7%
Q3 2013-1.9%
Q2 2013-1.3%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro