Aimco reports Q2 net loss

Overview

• Aimco reports Q2 2025 net loss of $0.14 per share

• Property NOI from stabilized properties rises 1.1% yr/yr to $24.2 mln

• Co to sell suburban Boston portfolio for $740 mln, Brickell Assemblage for $520 mln

• Net proceeds from asset sales expected to be $785 mln, with returns to stockholders planned

Outlook

• Aimco withdraws prior guidance for Stabilized Operating Properties due to asset sales

• Company expects to close $1.26 bln of asset sales in 2025

• Aimco plans to return $4.00-$4.20 per share to stockholders

Result Drivers

• REVENUE GROWTH - Revenue increased by 1.9% year-over-year due to a 2.5% rise in average monthly revenue per apartment home

• ASSET SALES - Aimco plans to sell its suburban Boston portfolio and Brickell Assemblage, expecting net proceeds of $785 mln for debt reduction and shareholder returns

• EXPENSE INCREASE - Expenses rose 3.9% year-over-year, driven by higher real estate taxes from a property assessment in Nashville

Key Details

Analyst Coverage

• The one available analyst rating on the shares is "hold"

• The average consensus recommendation for the residential reits peer group is "buy."

Press Release: ID:nPn5lQNhca