Aimco Reports Third Quarter Results, Updates 2023 Guidance, and Provides Highlights on Recent and Planned Activities
Aimco acquired 1.7 million shares of its common stock during the third quarter 2023 at an average cost of $7.52 per share.
- Aimco acquired 1.7 million shares of its common stock during the third quarter 2023 at an average cost of $7.52 per share.
- Year to date, as of October 31, 2023, Aimco acquired more than 5.3 million shares at an average price of $7.40 per share.
- Subsequent to quarter end, the Aimco Board of Directors increased the number of shares authorized for repurchase to 30 million, doubling the size of the Board’s previous authorization.
- As of September 30, 2023, Aimco had five active development and redevelopment projects located in four U.S. markets, in varying phases of construction and lease-up.