Apartment Investment and Management FFO Slips

Fri Feb 8, 2008 11:01pm GMT
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NEW YORK (Reuters) - Apartment Investment and Management Co (AIV.N: Quote, Profile, Research), one of the largest U.S. apartment landlords, said on Friday quarterly funds from operations edged lower, but matched its expectations before charges.

The company, known as Aimco, reported fourth-quarter funds from operations (FFO) of $83.8 million, or 83 cents a share, compared with $88 million, or 84 cents a share, in the same period a year ago.

FFO before impairment and preferred redemption charges was 88 cents per share, which the company said was at the mid-point of the company's guided range.

(Reporting by Christopher Kaufman; Editing by Derek Caney)

 
 
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