Apartment Investment Management: Q3 Earnings Snapshot

DENVER (AP) — DENVER (AP) — Apartment Investment and Management Co. (AIV) on Monday reported a third-quarter loss of $2.3 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Denver-based company said it had a loss of 2 cents.

The real estate investment trust posted revenue of $47.7 million in the period.

Apartment Investment Management expects a full-year loss of 21 cents to 11 cents per share.

Apartment Investment Management shares have dropped 14% since the beginning of the year, while the S&P's 500 index has climbed 14%. In the final minutes of trading on Monday, shares hit $6.15, a decline of 18% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AIV at https://www.zacks.com/ap/AIV