Apartment Investment and Management Company (NYSE:AIV), or Aimco as the real estate investment trust (REIT) is popularly known, reported fiscal 2011 fourth quarter funds from operations (FFO) of $52.2 million or 43 cents per share compared to $41.4 million or 35 cents in the year-ago period. Funds from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
Excluding the non-recurring … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards