Aimco Reports Annual Loss- Quick Facts

(RTTNews) - Apartment Investment and Management Company (AIV) reported net loss of $5.771 million or $0.03 per share for the full-year year ended December 31, 2020 compared with net income of $113000 or break even per share in the same period a year ago.

Annual revenue increased to $151.45 million form $143.69 million last year.

For the fourth quarter, net operating income was $21.76 million compared with $23.09 million in the same quarter a year ago.

Revenue before utility reimbursements at the company's 24 operating properties was down at $32.46 million in the quarter from $33.14 million last year.

Aimco said it does not presently intend to pay a regular cash dividend.