Apartment Investment and Management maintains outlook

By Associated Press May 2, 2008 Comments (0)

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Apartment Investment and Management Co. reiterated its full-year funds from operations outlook Friday at a level at or above analysts' estimates.

The apartment real estate investment trust still expects full-year FFO in a range of $3.22 to $3.38 per share.

Analysts polled by Thomson Financial predict FFO of $3.22 per share.

FFO, which the real estate industry uses to gauge operating performance, adds depreciation and amortization expenses, as well as other non-operating items, back to net income.

The company anticipates second-quarter FFO between 79 cents and 83 cents per share.

Analysts expect FFO of 78 cents per share.

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DocumentId: 635983, ~/articles/articlehandler.aspx, 7/24/2008 3:25:35 PM,

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