DENVER—Come Aug. 11, Aimco shareholders of record will know it’s been a good year. The Denver-based REIT will pay a 70-cent dividend per share for the quarter ended June 30. The payout reflects a 16.8% per-share increase in FFO over the $1.01 per common share earnings for Q2 1999. Aimco’s adjusted FFO, which the company uses to measure its economic profitability, totals $1.07 per common share in comparison to last year’s second quarter of 92-cents per share.

“Same store” sales for the REIT’s 552 apartment communities, which total 151,398 units, reflect a 5.1% increase in revenues, 3.7% increase in operating expenses and a 5.9% increase in net operating income between second quarter 2000 and 1999. There was a slight change in the communities’ weighted average physical occupancy while the average monthly rental of $642 per occupied unit reflects a 4.9% increase from last year.

In the second quarter, Aimco finalized $207 million in acquisitions, dispositions and mortgage financing transactions. The REIT bought $43 million in limited partnership interests and sold six apartment communities and six commercial properties for $75 million. New mortgage and loan assumptions totaled $89 million for the quarter.

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