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Apartment Investment And Management Company  (AIV)
 

Earnings supported by $17.56 millions tax benefit

A $17.56 millions in income tax benefit, fueled Apartment Investment And Management Company to present $0.19 eps in the most recent fiscal period


Published Nov 08 2022
CSIMarket Team / CSIMarket.com


pexels-photo-224924For the third quarter of 2022 earnings season company income turned positive of $0.19 per share compare to $-0.03 a year before and earnings per share dropped by -87.9 % from $1.57 per share from the preceding financial reporting period.

Revenues were up by 11.167 % to $47.68 millions from $42.89 millions in the corresponding financial reporting period a year before and sequentially Revenue decreased by -5.945 % from $50.70 millions.




The company have achieved net income of $34.173 millions in the third quarter of 2022 earnings season an improvement versus a net loss of $-4.846 millions in the corresponding financial reporting period a year ago.

But, the AIVs' earnings elevation was fueled by the $17.56 million tax benefit, if we would exclude it, the third quarter of 2022 results are more conservative.


Apartment Investment And Management Company is expected to report next financial results on May 08, 2023.



Apartment Investment And Management's Net Income Growth

Apartment Investment And Management's Effective Tax Rate



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