The same store portfolio includes 598 communities with a totalof 164,578 units, in which AIMCO has a weighted average ownershipof 82.3%.Total net rental income from the portfolio was $89.6million, the same level as September 2002, when the average rentper unit was $708 and the average occupancy rate was 93.5%.
The portfolio had a net reduction of 12 properties, with anaggregate of 3,285 units compared with August.
Net rental income, or NRI, is an operating measure calculated asthe product of rental units multiplied by occupancy multiplied byaverage rent per unit, net of concessions. NRI does not reflectincome from all sources and does not reflect operating expenses.Therefore, NRI is not a measure of net operating income orearnings.
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