Aimco expects 3Q FFO to meet or beat guidance (AP)

Friday October 10, 8:55 am ET Aimco says 3rd-qtr funds from operations will meet or beat guidance, plans special dividend DENVER (AP) -- Following a sharp stock sell-off, Apartment Investment and Management Co. said Friday that it expects third-quarter funds from operations to meet or beat guidance based on preliminary results, and said it plans a special quarterly dividend. Apartment Investment and Management, or Aimco, is one of the nation's largest owner and operator of apartment complexes. The Denver-based company's stock has lost 41 percent this month, dropping nearly 12 percent on Thursday to close at $20.75. For the quarter ended Sept. 30, Aimco expects that funds from operations, or FFO, will meet or exceed its guidance of 81 cents to 85 cents per share. The results do not include impairment losses and casualty... [read full story]