Financial Performance - In Q3 2025, EfTEN United Property Fund reported a net profit of 426 thousand euros, a significant increase from 134 thousand euros in Q3 2024 [1] - The fund's total income rose to 468 thousand euros from 176 thousand euros year-on-year, while expenses remained stable [1][5] - For the first nine months of 2025, the total income reached 2,258 thousand euros compared to 686 thousand euros in the same period of 2024 [5] Investment and Development Activities - The fund's investments in commercial real estate performed as expected, maintaining a stable vacancy rate in larger premises [2] - The development project in Uus-Järveküla is nearing completion, with 32 terraced house units in the final phase, and 25 units yet to be booked by clients [3] - In 2025, the development company returned a total of 2.73 million euros to the fund, including 128 thousand euros in owner loan interest and 1.092 million euros in principal [3] Distribution to Investors - Following the balance sheet date, the fund announced a distribution of 420 thousand euros to investors, which, combined with the spring distribution, totals over 9% of the fund's market capitalization for 2025 [4] Financial Position - As of September 30, 2025, the fund's total assets amounted to 28,167 thousand euros, an increase from 27,478 thousand euros at the end of 2024 [6][7] - The fund's net asset value attributable to shareholders was reported at 28,167 thousand euros, reflecting a solid financial standing [7]

Financial Results - Aimco reported a net loss attributable to common stockholders per share of $(0.14) for Q2 2025 and $(0.24) for the first half of 2025 [7] - Property Net Operating Income (NOI) from Stabilized Operating Properties was $24.2 million in Q2 2025, a 1.1% increase year-over-year, and $49.3 million year-to-date, up 1.9% year-over-year [7][10] - Revenue for Q2 2025 was $35.4 million, up 1.9% year-over-year, with average monthly revenue per apartment home increasing by 2.5% to $2,349 [13] CEO Commentary - Wes Powell, Aimco's CEO, emphasized the company's focus on value creation through effective management of its apartment portfolio and development projects, while exploring strategic transactions and capital allocation [2] Asset Sales - Aimco executed a contract to sell its five-property suburban Boston portfolio for $740 million, with total expected asset sales in 2025 reaching $1.26 billion [3][19] - The sales are projected to deliver net proceeds of approximately $785 million, or $5.21 per share, with plans to return between $4.00 and $4.20 to stockholders [3][19] Portfolio Overview - Post-sales, Aimco's remaining portfolio will include 15 Stabilized Operating Properties with 2,524 apartment homes, three newly completed residential communities with 933 homes, and one active development project in Miami [4] - The remaining properties produced $46 million of annualized Property NOI in Q2 2025, with rents 5.2% higher on leases transacted in July [4] Balance Sheet and Financing - As of June 30, 2025, Aimco had access to $173.5 million in liquidity, including $41.4 million in cash and $105.7 million available on its revolving credit facility [17] - Aimco's net leverage was $1.2 billion, with 100% of its total debt being fixed rate or hedged [18] Strategic Review Process - Aimco's Board of Directors is exploring additional alternatives to unlock and maximize stockholder value, including potential sales or mergers [22] - The strategic process is overseen by an independent Investment Committee, with Morgan Stanley & Co. LLC serving as financial advisor [22] 2025 Outlook - Aimco has withdrawn prior guidance for revenue, expense, and Property NOI for its Stabilized Operating Properties due to the significant impact of the Boston transaction [24] - The forecast for net income per share for 2025 is projected to be between $5.20 and $5.40 [25]