In concurrence with the recently announced secondary offering of 11 million shares, Apartment Investment and Management Company (NYSE:AIV), or Aimco, as the real estate investment trust (REIT) is popularly known, has just updated its fiscal as well as its second quarter 2012 funds from operations (FFO) guidance. Funds from operations, a widely used metric to gauge the performance of REITs, are obtained after adding depreciation and amortization and other non-cash expenses to net income.
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