DENVER (AP) — DENVER (AP) — Apartment Investment and Management Co. (AIV) on Monday reported a loss of $19.3 million in its second quarter.
On a per-share basis, the Denver-based company said it had a loss of 14 cents.
The real estate investment trust posted revenue of $52.8 million in the period.
Apartment Investment Management expects full-year earnings to be $5.20 to $5.40 per share.
Apartment Investment Management shares have fallen 13% since the beginning of the year, while the S&P’s 500 index has increased slightly more than 8%. In the final minutes of trading on Monday, shares hit $7.91, a decrease of 9% in the last 12 months.
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