Aimco Provides an Update on COVID-19 and 2020 Guidance
Aimcos first priority is the health and safety of our residents and teammates, said Terry Considine, Aimco Chairman and Chief Executive Officer.
- Aimcos first priority is the health and safety of our residents and teammates, said Terry Considine, Aimco Chairman and Chief Executive Officer.
- Chief Financial Officer Paul Beldin reported: Aimco expects first quarter 2020 results to be good, in-line with our announced expectations.
- However, until we know better the economic consequences of the pandemic, we are withdrawing our previous guidance to full year 2020 results.
- Beldin added, The Aimco balance sheet remains safe, comprised primarily of non-recourse property debt with LTVs approximating 32% and limited near-term maturities.