Tesla is replacing Aimco in the S&P 500 index next week.
After hours of deep research, I discovered why Aimco ($6B REIT) is getting the boot:
— it’s Twitter account has <2k followers
— I couldn’t find a single meme on the timeline
— it’s CEO doesn’t have a Twitter handle
After hours of deep research, I discovered why Aimco ($6B REIT) is getting the boot:
— it’s Twitter account has <2k followers
— I couldn’t find a single meme on the timeline
— it’s CEO doesn’t have a Twitter handle
This is Aimco CEO Terry Considine:
-- Harvard BA / Harvard Law
-- Colorado state Senator
-- Founded Aimco in 1994, owns 124 apartment complexes with ~33k apartments that brought in $900m+
-- Again, ZERO TWITTER HANDLE
-- Harvard BA / Harvard Law
-- Colorado state Senator
-- Founded Aimco in 1994, owns 124 apartment complexes with ~33k apartments that brought in $900m+
-- Again, ZERO TWITTER HANDLE
Official S&P video announcing the Aimco / Tesla swap
On a more serious note, Aimco is getting booted from the S&P 500 b/c:
-- It's one of the smallest market caps on the index
-- It already had plans to split off its REIT into 2 parts: 1) apartment holdings (with steady income) and 2) its development business (not REIT worthy)
-- It's one of the smallest market caps on the index
-- It already had plans to split off its REIT into 2 parts: 1) apartment holdings (with steady income) and 2) its development business (not REIT worthy)
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