DENVER (AP) — DENVER (AP) — Apartment Investment and Management Co. (AIV) on Wednesday reported a loss of $60.5 million in its second quarter.
On a per-share basis, the Denver-based company said it had a loss of 43 cents.
The real estate investment trust posted revenue of $51.1 million in the period.
Apartment Investment Management expects a full-year loss of 80 cents to 75 cents per share.
Apartment Investment Management shares have climbed 12% since the beginning of the year, while the S&P’s 500 index has climbed 9%. In the final minutes of trading on Wednesday, shares hit $8.75, a rise of roughly 6% in the last 12 months.
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