Apartment Investment and Management (AIV) Presents At 2020 Citi Global Property CEO Conference - Slideshow

Financial Performance - Aimco's Total Shareholder Return compounded annually over its first 25 years was 11.6%, outperforming the MSCI US REIT index at 10.2% and the S&P 500 at 9.9%[3] - Aimco's Economic Income compounded annually over its first 25 years was 14%[3] - Aimco expects Economic Income of approximately 8% to 11% in 2020[3] - Aimco estimates its Year End 2019 Net Asset Value (NAV) at $59 per share and forecasts NAV at Year End 2020 to be approximately $62 to $64 per share[30] Operational Excellence - Aimco's average daily occupancy was 97.1% in 2019, peer leading[7] - Aimco's Same Store Controllable Operating Expenses (COE) growth was 1.0% over the last five years, 110 bps below the peer average[7] - Aimco's operating margins were 73.7% in 2019, peer leading for the past ten quarters[9] - Aimco expects Same Store revenue growth of 3.4%, expense growth of 2.0%, and Net Operating Income (NOI) growth of 3.9% in 2020[23] Portfolio and Capital Management - Aimco plans property dispositions between $900 million to $1 billion[27] - Aimco's portfolio is allocated approximately 50% to "A" price point properties and 50% to "B/C+" price point properties[11] - Aimco expects properties representing about one-fifth of Aimco Gross Asset Value (GAV) will be subject to significant new supply in 2020[26]