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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
REVENUES        
Rental and other property revenues $ 240,382 $ 239,873 $ 717,308 $ 719,501
Tax credit and asset management revenues 6,005 6,970 18,127 22,684
Total revenues 246,387 246,843 735,435 742,185
OPERATING EXPENSES        
Property operating expenses 88,621 95,240 272,043 289,008
Investment management expenses 1,905 1,279 4,594 3,552
Depreciation and amortization 77,237 69,437 226,819 211,143
Impairment of Real Estate 0 1,413 0 1,413
General and administrative expenses 11,013 10,658 33,727 31,304
Other expenses, net 3,590 1,349 7,521 7,223
Total operating expenses 182,366 179,376 544,704 543,643
Operating income 64,021 67,467 190,731 198,542
Interest income 1,737 1,787 5,167 5,187
Interest expense (48,285) (57,806) (151,410) (168,613)
Other, net (1,983) 1,733 631 (57)
Income before income taxes and gain on dispositions 15,490 13,181 45,119 35,059
Income tax benefit 8,279 5,005 21,014 13,110
Income from continuing operations 23,769 18,186 66,133 48,169
Gain on dispositions of real estate, net of tax 0 126,329 130,474 262,483
Net income 23,769 144,515 196,607 310,652
Noncontrolling interests:        
Net loss (income) attributable to noncontrolling interests in consolidated real estate partnerships 785 (8,337) (4,082) (21,952)
Net income attributable to preferred noncontrolling interests in Aimco Operating Partnership (1,736) (1,601) (5,208) (4,808)
Net income attributable to common noncontrolling interests in Aimco Operating Partnership (893) (6,549) (8,263) (13,895)
Net income attributable to noncontrolling interests (1,844) (16,487) (17,553) (40,655)
Net income attributable to the company 21,925 128,028 179,054 269,997
Net income attributable to the company's preferred equity holders (2,757) (2,875) (9,037) (5,087)
Net loss (income) attributable to participating securities 11 (447) (690) (962)
Net income attributable to the company's common equity holders $ 19,179 $ 124,706 $ 169,327 $ 263,948
Earnings attributable to the company per common share/unit – basic (Note 7):        
Income from continuing operations (in dollars per share/unit) $ 0.12 $ 0.86 $ 1.09 $ 1.81
Net Income (in dollars per share/unit) 0.12 0.86 1.09 1.81
Earnings attributable to the company per common share/unit – diluted (Note 7):        
Income from continuing operations (in dollars per share/unit) 0.12 0.85 1.09 1.81
Net income (in dollars per share/unit) 0.12 0.85 1.09 1.81
Dividends declared per common share/unit $ 0.30 $ 0.26 $ 0.88 $ 0.78
AIMCO PROPERTIES, L.P [Member]        
REVENUES        
Rental and other property revenues $ 240,382 $ 239,873 $ 717,308 $ 719,501
Tax credit and asset management revenues 6,005 6,970 18,127 22,684
Total revenues 246,387 246,843 735,435 742,185
OPERATING EXPENSES        
Property operating expenses 88,621 95,240 272,043 289,008
Investment management expenses 1,905 1,279 4,594 3,552
Depreciation and amortization 77,237 69,437 226,819 211,143
Impairment of Real Estate 0 1,413 0 1,413
General and administrative expenses 11,013 10,658 33,727 31,304
Other expenses, net 3,590 1,349 7,521 7,223
Total operating expenses 182,366 179,376 544,704 543,643
Operating income 64,021 67,467 190,731 198,542
Interest income 1,737 1,787 5,167 5,187
Interest expense (48,285) (57,806) (151,410) (168,613)
Other, net (1,983) 1,733 631 (57)
Income before income taxes and gain on dispositions 15,490 13,181 45,119 35,059
Income tax benefit 8,279 5,005 21,014 13,110
Income from continuing operations 23,769 18,186 66,133 48,169
Gain on dispositions of real estate, net of tax 0 126,329 130,474 262,483
Net income 23,769 144,515 196,607 310,652
Noncontrolling interests:        
Net loss (income) attributable to noncontrolling interests in consolidated real estate partnerships 785 (8,337) (4,082) (21,952)
Net income attributable to noncontrolling interests 785 (8,337) (4,082) (21,952)
Net income attributable to the company 24,554 136,178 192,525 288,700
Net income attributable to the company's preferred equity holders (4,493) (4,476) (14,245) (9,895)
Net loss (income) attributable to participating securities 11 (447) (690) (962)
Net income attributable to the company's common equity holders $ 20,072 $ 131,255 $ 177,590 $ 277,843
Earnings attributable to the company per common share/unit – basic (Note 7):        
Income from continuing operations (in dollars per share/unit) $ 0.12 $ 0.86 $ 1.09 $ 1.81
Net Income (in dollars per share/unit) 0.12 0.86 1.09 1.81
Earnings attributable to the company per common share/unit – diluted (Note 7):        
Income from continuing operations (in dollars per share/unit) 0.12 0.85 1.09 1.81
Net income (in dollars per share/unit) 0.12 0.85 1.09 1.81
Dividends declared per common share/unit $ 0.30 $ 0.26 $ 0.88 $ 0.78