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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
REVENUES        
Rental and other property revenues $ 47,683,000 $ 42,893,000 $ 148,375,000 $ 123,115,000
OPERATING EXPENSES        
Property operating expenses 17,455,000 18,155,000 56,384,000 51,500,000
Depreciation and amortization 85,438,000 21,709,000 143,420,000 63,065,000
General and administrative expenses 10,809,000 8,868,000 29,243,000 22,562,000
Total operating expenses 113,702,000 48,732,000 229,047,000 137,127,000
Interest expense (9,719,000) (12,680,000) (65,865,000) (37,995,000)
Mezzanine investment income, net 8,423,000 7,636,000 24,990,000 22,654,000
Realized and unrealized gains (losses) on interest rate options 9,209,000 (2,231,000) 48,005,000 10,608,000
Realized and unrealized gains (losses) on equity investments (2,145,000) 1,233,000 20,152,000 2,107,000
Gain on dispositions of real estate 75,539,000   170,004,000  
Lease modification income 1,577,000   206,963,000  
Other income (expense), net (255,000) 552,000 (1,743,000) 2,959,000
Income (loss) before income tax 16,610,000 (6,867,000) 321,834,000 (13,679,000)
Income tax benefit (expense) 17,563,000 2,021,000 (24,338,000) 9,881,000
Net income (loss) 34,173,000 (4,846,000) 297,496,000 (3,798,000)
Noncontrolling interests:        
Net (income) loss attributable to redeemable noncontrolling interests in consolidated real estate partnerships (2,907,000) (127,000) (5,446,000) (41,000)
Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships (240,000) (296,000) (585,000) (862,000)
Net income (loss) attributable to common noncontrolling interests in Aimco Operating Partnership (1,554,000) 253,000 (14,648,000) 209,000
Net income (loss) attributable to Aimco $ 29,472,000 $ (5,016,000) $ 276,817,000 $ (4,492,000)
Net income (loss) attributable to Aimco per common share -basic (Note 6) $ 0.19 $ (0.03) $ 1.82 $ (0.03)
Net income (loss) attributable to Aimco per common share - diluted (Note 6) $ 0.19 $ (0.03) $ 1.81 $ (0.03)
Weighted-average common shares/units outstanding - basic 149,611 149,762 149,706 149,517
Weighted-average common shares/units outstanding - diluted 151,197 149,762 151,076 149,517
Aimco OP L.P. [Member]        
REVENUES        
Rental and other property revenues $ 47,683,000 $ 42,893,000 $ 148,375,000 $ 123,115,000
OPERATING EXPENSES        
Property operating expenses 17,455,000 18,155,000 56,384,000 51,500,000
Depreciation and amortization 85,438,000 21,709,000 143,420,000 63,065,000
General and administrative expenses 10,809,000 8,868,000 29,243,000 22,562,000
Total operating expenses 113,702,000 48,732,000 229,047,000 137,127,000
Interest expense (9,719,000) (12,680,000) (65,865,000) (37,995,000)
Mezzanine investment income, net 8,423,000 7,636,000 24,990,000 22,654,000
Realized and unrealized gains (losses) on interest rate options 9,209,000 2,231,000 48,005,000 10,608,000
Realized and unrealized gains (losses) on equity investments (2,145,000) 1,233,000 20,152,000 2,107,000
Gain on dispositions of real estate 75,539,000   170,004,000  
Lease modification income 1,577,000   206,963,000  
Other income (expense), net (255,000) 552,000 (1,743,000) 2,959,000
Income (loss) before income tax 16,610,000 (6,867,000) 321,834,000 (13,679,000)
Income tax benefit (expense) 17,563,000 2,021,000 (24,338,000) 9,881,000
Net income (loss) 34,173,000 (4,846,000) 297,496,000 (3,798,000)
Noncontrolling interests:        
Net (income) loss attributable to redeemable noncontrolling interests in consolidated real estate partnerships (2,907,000) (127,000) (5,446,000) (41,000)
Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships (240,000) (296,000) (585,000) (862,000)
Net income (loss) attributable to Aimco $ 31,026,000 $ (5,269,000) $ 291,465,000 $ (4,701,000)
Net income (loss) attributable to Aimco per common share -basic (Note 6) $ 0.19 $ (0.03) $ 1.82 $ (0.03)
Net income (loss) attributable to Aimco per common share - diluted (Note 6) $ 0.19 $ (0.03) $ 1.81 $ (0.03)
Weighted-average common shares/units outstanding - basic 157,530 157,806 157,627 157,873
Weighted-average common shares/units outstanding - diluted 159,136 157,806 159,017 157,873