The reports notes net operating income on a same-store basis was down 3.6% and dropped 4.1% excluding one-time benefits from changing the accounting for leasing commissions.
While the company's same-store performance is down 360 basis points, it is better by 310 basis points for its apartment peer group, the report notes.
The report also notes that management at AIMCO lowered its top end of the 2002 guidance range to $4.64 to $4.74 per share, from $4.64 to $4.84 per share.
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