Apartment Investment and Management Co.'s (AIV) fourth-quarter net loss narrowed to $6.73 million or $0.06 per share from $9.90 million or $0.11 per share a year ago.
Funds from operations or FFO stood at $16.1 million or $0.14 per share as against a loss of $43.9 million or $0.48 per share in fourth quarter 2008.
Adjusted funds from operations was $15.3 million or $0.13 per share versus a loss of $56.0 million or $0.61 per share last year.
On average, 17 analysts polled by Thomson Reuters expected earnings per share of $0.36 for the quarter. Analysts' estimate typically excludes one-time items.
Total revenues for the fourth quarter of 2009 declined to $302.81 million from $304.26 million in the comparable period. Five analysts estimated revenues of $295.70 million for the quarter.
Looking ahead to the first quarter of 2010, FFO per share is expected to range from $0.26 to $0.30. Eleven analysts anticipate earnings per share of $0.32 for the first quarter.
Full year 2010 FFO is expected to range between $1.25 and $1.35 per share. Seventeen analysts estimate earnings per share of $1.26 for 2010.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.