DENVER (AP) — DENVER (AP) — Apartment Investment and Management Co. (AIV) on Wednesday reported a loss of $10.2 million in its first quarter.
On a per-share basis, the Denver-based company said it had a loss of 7 cents.
The real estate investment trust posted revenue of $50.2 million in the period.
Apartment Investment Management expects a full-year loss of 50 cents to 40 cents per share.
Apartment Investment Management shares have climbed 5% since the beginning of the year, while the S&P’s 500 index has risen roughly 9%. In the final minutes of trading on Wednesday, shares hit $8.24, an increase of nearly 1% in the last 12 months.
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