DENVER (AP) — DENVER (AP) — Apartment Investment and Management Co. (AIV) on Thursday reported a loss of $21.9 million in its third quarter.
On a per-share basis, the Denver-based company said it had a loss of 16 cents.
The real estate investment trust posted revenue of $53.2 million in the period.
Apartment Investment Management expects a full-year loss of 82 cents to 77 cents per share.
Apartment Investment Management shares have climbed 11% since the beginning of the year, while the S&P’s 500 index has risen 25%. In the final minutes of trading on Thursday, shares hit $8.69, a climb of 36% in the last 12 months.
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