Apartment Investment and Management Company Announces Fourth Quarter and Full Year 2008 Results and 2009 Outlook

DENVER, CO, Feb. 6 /PRNewswire-FirstCall/ -- Apartment Investment and Management Company (Aimco) (NYSE:AIV) today announced results for the fourth quarter and full year 2008, and its outlook for 2009-2008.

Highlights

Funds From Operations before real estate impairment losses, net preferred redemption gains and non-recurring charges incurred during the fourth quarter 2008, was at the mid-point of guidance established in the third quarter of 2008 of $2.36 per share, as adjusted for shares issued in connection with the payment of special dividends on December 1, 2008 and January 29, 2009.

Non-recurring charges incurred during the fourth quarter reduced 2008 FFO by $0.72 per share.

For a complete copy of the company's news release and financials, please contact

Investor Relations, +1-303-691-4350, Investor@Aimco.com,

or Elizabeth Coalson, Vice President, Investor Relations, +1-303-691-4327, both of Apartment Investment and Management Company. Web site: http://www.aimco.com/