''The weak economy and the impact of the Sept. 11 attacks create uncertaintyfor the remainder of 2001 and for 2002,'' says Terry Considine, chairman and chief executive officer for the Denver-based real estate investment trust,one of the nation's largest apartments REITs. ''That said, AIMCO benefits from geographic and price point diversification, substantial liquidity, a strong balance sheet and ongoing operational initiatives to reduce costs.''
AIMCO will address its outlook for fourth quarter 2001 and 2002 in its third quarter earnings release and conference call on Nov. 8. It also will host a third quarter earnings conference call on Nov. 9.
UBS Warburg LLC REIT Research notes the $1.30 FFO is $0.02 belowits estimates and $0.04 below consensus estimates.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
