Apartment investment and management says quarterly affo up 9%

Qtrly same store noi up 5.0%.qtrly affo up 9%.qtrly ffo up 10%.reduced expected 2020 capital spending by $150 million, or almost one-half.in april, aimco resident turnover reached an all-time low of 41.1%.april average daily occupancy of 96.6% was down 40 basis points.april blended lease rate increases of 4.2%, up 50 basis points.effective in april, aimco revised its estimation of residential bad debt.today, aimco has $1 billion of liquidity.q1 adjusted ffo per share $0.60.q1 ffo per share $0.67.q1 ffo per share view $0.66 -- refinitiv ibes data.
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