Earnings (Loss) per Share/Unit - (Tables)

12 Months Ended

Dec. 31, 2014

Earnings Per Share

Earnings (Loss) per Share/Unit

The following table illustrates Aimco’s calculation of basic and diluted earnings (loss) per share for the years ended December 31, 2014, 2013 and 2012 (in thousands, except per share data):

	2014			2013			2012
Numerator:
Income (loss) from continuing operations	$	67,475		$	34,596		$	(18,756	)
Gain on dispositions of real estate, net of tax	288,636			—			—
(Income) loss from continuing operations and gain on dispositions attributable to noncontrolling interests	(46,862		)	10,555			(11,034		)
Income attributable to preferred stockholders	(7,947		)	(2,804		)	(49,888		)
Income attributable to participating securities	(1,082		)	(813		)	(422		)
Income (loss) from continuing operations attributable to Aimco common stockholders	$	300,220		$	41,534		$	(80,100	)
Income from discontinued operations, net of tax	$	—		$	203,229		$	214,117
Income from discontinued operations attributable to noncontrolling interests	—			(41,090		)	(51,871		)
Income from discontinued operations attributable to Aimco common stockholders	$	—		$	162,139		$	162,246
Net income	$	356,111		$	237,825		$	195,361
Net income attributable to noncontrolling interests	(46,862		)	(30,535		)	(62,905		)
Net income attributable to preferred stockholders	(7,947		)	(2,804		)	(49,888		)
Net income attributable to participating securities	(1,082		)	(813		)	(422		)
Net income attributable to Aimco common stockholders	$	300,220		$	203,673		$	82,146
Denominator:
Weighted average common shares outstanding – basic	145,639			145,291			134,479
Dilutive potential common shares	363			241			—
Weighted average common shares outstanding – diluted	146,002			145,532			134,479
Earnings (loss) per common share – basic and diluted:
Income (loss) from continuing operations attributable to Aimco common stockholders	$	2.06		$	0.29		$	(0.60	)
Income from discontinued operations attributable to Aimco common stockholders	—			1.11			1.21
Net income attributable to Aimco common stockholders	$	2.06		$	1.40		$	0.61
Dividends declared per common share	$	1.04		$	0.96		$	0.76

AIMCO PROPERTIES, L.P.

Earnings Per Share

Earnings (Loss) per Share/Unit

The following table illustrates the Aimco Operating Partnership’s calculation of basic and diluted earnings (loss) per unit for the years ended December 31, 2014, 2013 and 2012 (in thousands, except per unit data):

	2014			2013			2012
Numerator:
Income (loss) from continuing operations	$	67,475		$	34,596		$	(18,756	)
Gain on dispositions of real estate, net of tax	288,636			—			—
(Income) loss from continuing operations and gain on dispositions attributable to noncontrolling interests	(24,595		)	19,369			(9,585		)
Income attributable to the Aimco Operating Partnership’s preferred unitholders	(14,444		)	(9,227		)	(56,384		)
Income attributable to participating securities	(1,082		)	(813		)	(422		)
Income (loss) from continuing operations attributable to the Aimco Operating Partnership’s common unitholders	$	315,990		$	43,925		$	(85,147	)
Income from discontinued operations, net of tax	$	—		$	203,229		$	214,117
Income from discontinued operations attributable to noncontrolling interests	—			(31,842		)	(41,633		)
Income from discontinued operations attributable to the Aimco Operating Partnership’s common unitholders	$	—		$	171,387		$	172,484
Net income	$	356,111		$	237,825		$	195,361
Net income attributable to noncontrolling interests	(24,595		)	(12,473		)	(51,218		)
Net income attributable to the Aimco Operating Partnership’s preferred unitholders	(14,444		)	(9,227		)	(56,384		)
Net income attributable to participating securities	(1,082		)	(813		)	(422		)
Net income attributable to the Aimco Operating Partnership’s common unitholders	$	315,990		$	215,312		$	87,337
Denominator:
Weighted average common units outstanding – basic	153,363			153,256			142,614
Dilutive potential common units	363			241			—
Weighted average common units outstanding – diluted	153,726			153,497			142,614
Earnings (loss) per common unit – basic and diluted:
Income (loss) from continuing operations attributable to the Partnership’s common unitholders	$	2.06		$	0.29		$	(0.60	)
Income from discontinued operations attributable to the Partnership’s common unitholders	—			1.11			1.21
Net income attributable to the Partnership’s common unitholders	$	2.06		$	1.40		$	0.61
Distributions declared per unit	$	1.04		$	0.96		$	0.76