Earnings Preview: AIMCO

| About: Apartment Investment (AIV)
AIMCO (NYSE:AIV), an apartment REIT, is expected to report Q4 earnings Friday with a conference call scheduled for 1:00 p.m. ET.


Analysts are looking for the company to post Q4 EPS of 92c on revenue of $424.84M. The consensus range is 88c to 99c for EPS, according to First Call. As of mid-afternoon on February 7, AIMCO's stock had gained 8.2% in 2008, despite the real estate slump.

In December, AIMCO said it had entered into a $726M joint venture with a fund managed by JP Morgan (NYSE:JPM) for the co-ownership of three multi-family properties with 1,382 units located in West Los Angeles. AIMCO will have a 53% stake in the joint venture. Also in December, AIMCO announced a special dividend of $2.51 per share for holders of its Class A common stock.

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