Investor Presentaiton
OPERATIONS UPDATE
PEER-LEADING SAME STORE OPERATIONS
Indigo
Redwood City, CA
YTD through June 30, 2019, Aimco has:
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Revenue growth of 4.0%, 30 bps better than any peer;
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Expense growth of 1.3%, 80 bps better than any peer;
Net operating income (NOI) growth of 5.0%, 90 bps better than any
peer; and
At the midpoint of full year guidance ranges, Aimco revenue and NOI
growth are projected to lead the peer group, by 40 and 70 bps,
respectively, more than peer averages.
Aimco also leads the peer group with the highest YTD Same
Store NOI margin of 73.2%, 70 bps ahead of the next closest
peer.
SAME STORE UPDATE
Through July, Aimco has:
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Completed about 75% of leasing activity expected for the year;
Increased average daily occupancy (“ADO”) year-over-year by 70 bps;
and
Improved blended lease rates year-over-year by 3.5%.
CHANGES IN SAME
1Q
2Q July YTD
STORE RENTAL RATES
2019
RENEWALS
5.2%
2019 2019 Leases
5.0% 4.8% 5.0%
NEW LEASES
WT. AVG.
0.8% 2.0% 2.6% 1.8%
2.9% 3.6% 3.9% 3.5%
AVERAGE DAILY
97.0% 96.9% 96.6% 96.9%
OCCUPANCY ("ADO")
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