from SNL Real Estate Daily
Aimco halts dividend
Byline: Pam Rosacia
Apartment Investment & Management Co., or Aimco, said it does not intend to pay a regular cash dividend at this time.
The multifamily real estate investment trust, in reporting its latest financial results, estimates that it incurred $4.5 million of incremental costs in 2020 as a result of the coronavirus pandemic.
The REIT received payments for 98.3% of all amounts owed by its residents in 2020 and collected 100% of rents owed in November and December.